At Freddie Mac, you will do important work to build a better housing finance system and you’ll be part of a team helping to make homeownership and rental housing more accessible and affordable across the nation.

Position Overview:

Freddie Mac’s Enterprise Risk Management Division is currently seeking a Quantitative Analytics senior to join the Enterprise Model Risk Department. The Enterprise Model Risk Department is responsible for model risk oversight including development, validation, implementation and monitoring models across multiple risk areas.

Our Impact:

The team is primarily responsible for validation of key models used by the company from the fair lending perspectives. The models subject to review include origination scorecard model, prepayment model, Automated Valuation model, and credit loss models.

Your Impact:

Lead technical validation of models

Report findings to model owners and management and ensure those findings are addressed appropriately and timely

Prepare validation documentation in compliance with applicable policy, standards and procedures

Work collaboratively with Compliance, Model Use Assessor and other stakeholders to ensure timely delivery of model review projects

Adopt and implement industry standard methodologies (both technical and governance related) in terms of managing and mitigating model risks

Develop a solid understanding of Model Risk Guidance, Polices and Standards, and Model Governance Processes

Support the remediation of findings issued by internal and external oversight groups

Qualifications:

Doctorate degree (or Master's degree with equivalent work experience) in quantitative finance, statistics or a related quantitative field.

Coursework or work experience applying predictive modeling techniques from finance, statistics, mathematics, data science, and computer programming to large data sets. Qualifying coursework may include—but is not limited to—statistics, mathematical programming, optimization, machine learning, computational methods, design and analysis of algorithms, Bayesian methods, derivatives, and Monte Carlo methods/modeling.

Coursework or work experience writing statistical and/or optimization programs to develop models and algorithms. Programming languages may include—but are not limited to—Python, R, SQL, Java, SAS, and MATLAB.

Fair lending analytical experience is a plus, but not required.

MS in quantitative field such as Economics, Quantitative Finance, Statistics, with at least 3 years of postgraduate work experience in quantitative analytics or modeling.

Keys to Success in this Role:

Deep intellectual curiosity to explore new methods and learn new techniques outside one’s own expertise.

Ability to apply analytical results to help advise strategy and business direction.

Current Freddie Mac employees please apply through the internal career site.

Today, Freddie Mac makes home possible for one in four home borrowers and is one of the largest sources of financing for multifamily housing. Join our smart, creative and dedicated team and you’ll do important work for the housing finance system and make a difference in the lives of others.

We are an equal opportunity employer and value diversity and inclusion at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, disability status or any other characteristic protected by applicable law. We will ensure that individuals with differing abilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

CA Applicants:  Qualified applications with arrest or conviction records will be considered for employment in accordance with the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act.

Notice to External Search Firms: Freddie Mac partners with BountyJobs for contingency search business through outside firms. Resumes received outside the BountyJobs system will be considered unsolicited and Freddie Mac will not be obligated to pay a placement fee. If interested in learning more, please visit www.BountyJobs.com and register with our referral code: MAC.

Time-type:Full time

FLSA Status:Exempt

Freddie Mac offers a comprehensive total rewards package to include competitive compensation and market-leading benefit programs. Information on these benefit programs is available on our Careers site.

This position has an annualized market-based salary range of $118,000 - $178,000 and is eligible to participate in the annual incentive program. The final salary offered will generally fall within this range and is dependent on various factors including but not limited to the responsibilities of the position, experience, skill set, internal pay equity and other relevant qualifications of the applicant.