Freddie Mac | Hiring | Quantitative Analytics Senior (Hybrid – 3 Days in Office) | McLean, VA | BigDataKB.com | 2022-09-29

Job Location: McLean, VA

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

Employees, contingent workers and visitors are no longer required to show proof of vaccination to be on-site. Effective January 2023, Freddie Macโ€™s hybrid work arrangement is 3 days in the office (specifically Tuesday, Wednesday & Thursday).


Position Overview:

Freddie Macโ€™s Investments & Capital Markets division is currently seeking a Quantitative Analytics Senior who will be responsible for the development and execution of quantitative/analytic models and applications in support of business and risk decisions.


Our Impact:

Models developed by our team are used by Freddie Mac’s business areas for decision making on trading activities and portfolio management. While trading and portfolio management are essential business of the company, we play a key role in facilitating the fulfillment of the company’s mission.


Your Impact:

  • Develop quantitative models for interest rates, derivative valuation, curve construction, and valuation components related to mortgage products, and implement the models through programming languages.

  • Review academic/industry literatures and Freddie Macโ€™s documents and applicable policies and standards, inquiry internal/external partners to understand model development requirements.

  • Document model development background, theories, assumptions, limitations, results, implementations, and process flows.

  • Perform analysis to test the developed models. Analysis could include impact analysis, sensitivity analysis, what-if scenario analysis, stress testing, and back-testing.

  • Collaborate with various areas of stakeholders in model development projects. Stakeholders include risk manager, portfolio manager, financial engineering, model governance, model reviewers, IT, and project manager.

  • Maintain the applications for model implementation and data storage.

  • Implement plans and procedures periodically to provide model parameter update, monitor model performance, generate reports for stakeholders.

  • Identify and report process issues and propose remediating actions.

  • Perform ad-hoc tasks related to responsible models for various model stakeholders.


Qualifications:

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

  • Coursework or work experience applying techniques from finance, statistics, mathematics, and data science for quantitative modeling of problems. Qualifying coursework may include statistics, mathematical programming, optimization, machine learning, computational methods, design and analysis of algorithms, derivatives, and Monte Carlo methods.

  • Strong programming skills; hands-on experience with at least some of following programming languages/applications: Matlab, Excel, VBA, C++.

  • Knowledge in general business, finance, fixed-income, and mortgage products is preferred

  • Experience with modelling interest rate models, curve construction, valuation of fixed-income and derivative products is preferred

  • Strong experience and skills in quantitative research, empirical analysis and problem-solving is preferred


Keys to Success in this Role:

  • Self-motivated and desire to own a project. Ability to multi-task and work efficiently under tight deadlines.

  • Ability to understand and translate complex business requirements to define relevant analytic problems and translate the solution back into business terms.

  • Good oral and written communications skills.


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 youโ€™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.

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

Job Category:Research & Modeling

FLSA Status:Exempt

Freddie Mac provides anticipated base salary ranges where required by law.

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