Quantitative Analytics Tech Lead - Internal Audit (Hybrid- 3 Days in Office)
Company: Freddie Mac
Location: Mc Lean
Posted on: January 27, 2023
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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 is harnessing artificial
intelligence (AI) and machine learning models to create value for
our clients, mortgage borrowers, and the mortgage industry. As a
result, Freddie Mac's Model Audit team in Internal Audit is seeking
a Tech Lead to evaluate whether Freddie Mac's models are adequately
governed and controlled.If you have a deep modeling background, and
you are looking to learn how the use of AI and models impact our
business, come join our diverse and high-performing team.Our
Impact:Freddie Mac is leading the U.S housing market forward by
making homeownership and rental housing more accessible and
affordable. To support this mission, the Model Audit team at
Freddie Mac provides assurance to senior management, the General
Auditor, and the Audit Committee of the Board that model
development, implementation, monitoring, use and oversight of
complex models and artificial intelligence meet business objectives
and are adequately controlledYour Impact:While Internal Audit
encourages the company's use of AI, machine learning and
"traditional" models, the use of models can pose significant risk
to achieving Freddie Mac's mission. The Quantitative Analytics Tech
Lead:Serves as a technical expert for projects that are either
model-oriented, data-oriented, or both.Works with a team of quants,
economists, statisticians, data scientists, and external
consultants to evaluate the quality of management's model
development, implementation, validation, and on-going monitoring of
models.Evaluates risk associated with the company's models
including models of default, prepayment, loan scoring, valuation,
capital, derivatives, interest rates, stress testing and
counterparties.Designs and executes procedures to analyze and test
governance over model use, model development, and model risk
oversight for highly complex, high-impact modelsUnderstands
heightened risks posed by AI and machine learning, including
interpretability, fairness, and privacy and evaluates risk
management activities to mitigate these risks.Plans and executes a
risk-based approach to evaluate the design and operating
effectiveness of the company's model risk management, controls, and
model governance programs.Evaluates the design and operating
effectiveness of model policies, standards, and model development
procedures.Demonstrates critical thinking/effective challenge over
quantitative aspects of the models audited.Executes duties such as
assist in project management, resource management and lead junior
quant staff across model audit projectsDocuments audit work papers,
conducts fieldwork, and supports Senior Manager, Director/Sr.
Director in drafting audit and advisory reports.Participates in
audit entrance meetings, status meetings, potential findings
discussions, and exit meetings with senior management or executive
levels, other internal audit teams, and auditees.Possesses
knowledge of applied computer programming, preferably R, Python,
SAS, or MATLAB.Visualizes data to communicate complex patterns to
executives and business users.Qualifications:Master's degree, PhD
or foreign equivalent in economics, statistics, mathematics, data
science, finance, engineering, computer science or related
quantitative disciplines.5-7 years of model development, model risk
management or model audit experience.2 to 3 years of experience
successfully executing model audit testing consistent with IA
methodology, policies and procedures.Experience in leading junior
quants during projects to deliver high workDemonstrated experience
in working with analytics teams, effectively managing multiple
competing priorities with tight deadlines.Good understanding of the
business, risks, and related controls within a modeling
area.Willingness to learn and obtain a certification in data
science and artificial intelligence.Preferred SkillsModel auditing
experienceFair lending analytics experienceProfessional
certifications such as CFA, CPA, CIA, FRM.Artificial intelligence
and modern machine learning (e.g., ensembles, unsupervised
learning, natural language processing)Keys to Success in this
Role:Ability to effectively manage multiple competing
prioritiesAbility to write complete, concise, logical, well laid
out workpapers and presentations.Critical thinking skills,
effective challenge, and strong assurance.Strong quantitative
modeling skills in economics, statistics, mathematics, and
finance.Good communication skills (verbal and written).Prior
knowledge of multiple modeling techniquesCurrent 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 Tech Lead - Internal Audit (Hybrid- 3 Days in Office), Accounting, Auditing , Mc Lean, DC
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