As a Director in the Quantitative Modeling job family, you will apply extensive knowledge of advanced modeling techniques, joining a modeling community which creates solutions that use public and proprietary data in all areas of the mortgage finance business including mortgage products and securities, borrower behavior, investment and hedging strategies, residential property valuation, macroeconomic models including of housing prices and interest rates, valuation of financial assets and derivati... more details
Job Description
As a Director in the Quantitative Modeling job family, you will apply extensive knowledge of advanced modeling techniques, joining a modeling community which creates solutions that use public and proprietary data in all areas of the mortgage finance business including mortgage products and securities, borrower behavior, investment and hedging strategies, residential property valuation, macroeconomic models including of housing prices and interest rates, valuation of financial assets and derivatives, economic capital, and stress testing.
As the Director in the Enterprise Model Risk group, you will lead a team which conducts Risk Assessments and Model Validations of models which are used to support Operational decisions or Financial Forecasting, Valuation and Risk Measurement.
THE IMPACT YOU WILL MAKE The Model Validation Director role will offer you the flexibility to make each day your own, while working alongside people who care so that you can deliver on the following responsibilities:
Produce Validation Reports with the assistance of team members whose work you supervise including through defining the scope and plan for executing Validation Report production.
Produce initial and ongoing Assessments of models, evaluating performance-in-use and whether changes in the environment are creating increased model risk which needs to be mitigated.
Qualifications
THE EXPERIENCE YOU BRING TO THE TEAM
Minimum Required Experience
8 years of relevant experience in developing, using, or validating models
Desired Experience
An advanced degree (PhD. or Masters) in a quantitative field such as Computer Science, Statistics, Biostatistics, Economics (with an Econometrics emphasis), Applied Finance, or Applied Mathematics
Experience with the types of models used for supporting Operational areas including Technology Operations, Information Security/Cyber Security, and business processes which use AI/ML techniques in Image and/or Language Processing
Experience with a large financial institution which has Enterprise Risk Management functions that meet the needs of highly regulated financial institutions
Skills
Proficiency in the mathematical, statistical, and computer science techniques used in model development
Ability to understand business contexts which create a need for models to support Operations, often embedded within software applications used in business processes
Fast-learning, building on a strong foundation of knowledge to continuously learn new techniques for building and managing model risks well
Communicating technical subject matter clearly and concisely, both verbally and through well-written communications including Assessment Reviews and Validation Reports
Tools
Use programming languages most often used in model development such as Python and R
Additional Information
The future is what you make it to be. Discover compelling opportunities at careers.fanniemae.com.
Fannie Mae is an Equal Opportunity Employer, which means we are committed to fostering a diverse and inclusive workplace. All qualified applicants will receive consideration for employment without regard to race, religion, national origin, gender, gender identity, sexual orientation, personal appearance, protected veteran status, disability, age, or other legally protected status. For individuals with disabilities who would like to request an accommodation in the application process, email us at [email protected].
The hiring range for this role is set forth on each of our job postings located on Fannie Mae's Career Site. Final salaries will generally vary within that range based on factors that include but are not limited to, skill set, depth of experience, certifications, and other relevant qualifications. This position is eligible to participate in a Fannie Mae incentive program (subject to the terms of the program). As part of our comprehensive benefits package, Fannie Mae offers a broad range of Health, Life, Voluntary Lifestyle, and other benefits and perks that enhance an employee’s physical, mental, emotional, and financial well-being. See more here.
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