Quantitative Analytics Senior -- Validation (Hybrid - 3 Days in Office)

Company: Freddie Mac
Location: Mc Lean
Posted on: January 26, 2023

Job Description:

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.Employees, contingent workers and visitors are no longer required to show proof of vaccination to be on-site. Effective January 2023, Freddie Mac's hybrid work arrangement is 3 days in the office (specifically Tuesday, Wednesday & Thursday).Position Overview:Freddie Mac's Enterprise Risk Management Division (ERM) is currently seeking a Model Validation Senior to join its Enterprise Model Risk Department (EMR). EMR is responsible for model governance and model risk oversight, including the validation and review of models across their lifecycles. The objective of the role is to conduct and document model validation and related activities in accordance with internal standards and protocols. Key elements of the role include providing effective challenge and enhancing consistent model review practices. Apply now and learn why there's !Our Impact:The team is primarily responsible for the validation of high impact credit and market risk models.Your Impact:Conduct technical peer reviews and validation of models, including writing a detailed report.Prepare validation documentation in compliance with applicable policy, standards and proceduresWork collaboratively with stakeholders to ensure timely delivery of model review projectsAdopt and implement industry best practices (both technical and governance related) in terms of managing and mitigating model risksDevelop a solid understanding of Model Risk Regulatory Guidance, Polices and Standards, and Model Governance ProcessesSupport the remediation of findings issued by internal and external oversight groupsContribute to the maintenance and update of model validation protocolsWork collaboratively with partners to ensure effective management of model risk enterprise wide.Work collaboratively with model validators to ensure timely delivery of model review projectsQualifications:PhD in quantitative finance, statistics or a related quantitative field or Master's degree with 3 years of equivalent work experience.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 experience with proficiency in one or more: Python, R, SAS, MATLAB or related languages.Experience with mortgage industry (preferred)Keys to Success in this Role:Strong verbal and written communication skillsStrong modeling and analytics skillsAbility to develop mutually beneficial relationships inside and outside of the departmentDeep curiosity to learn about new things with critical thinkingCurrent 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.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 and register with our referral code: MAC.Time-type:Full timeJob Category:Research & ModelingFLSA Status:ExemptFreddie Mac provides anticipated base salary ranges where required by law.

Keywords: Freddie Mac, Washington DC , Quantitative Analytics Senior -- Validation (Hybrid - 3 Days in Office), Accounting, Auditing , Mc Lean, DC