Quantitative Analytics Senior - Internal Audit (Hybrid - 3 Days in Office)

Company: Freddie Mac
Location: Mc Lean
Posted on: January 28, 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:The Model Audit and Data Analytics (MDA) team in Internal Audit is seeking a Quantitative Analytics Senior who has a diverse skill set to be able to conduct projects that are either model-oriented, data-oriented, or both. Model audits are chosen by risks (high or emerging) and require in-depth knowledge of the methodology and limitations. Moreover, a corporate emphasis on efficiency has put a premium on finding new ways to analyze the data and assess models in less time. Work is evaluated upon completion for adequacy in satisfying objectives. Apply now and learn why there's !Our Impact:Our team is responsible for determining whether the organization's model risk management, control, and governance processes, as designed and implemented by management, are adequate and functioning effectively.Your Impact:In this role, you will be an integral part of model audit projects and will be expected to have the following responsibilities:Perform model audits, analytics, and model risk assessment projects (e.g., model issues from internal or external sources), such as evaluating risk associated with company's models including models of default, prepayment, capital, loan scoring, valuation, derivatives, interest rates, stress testing and counter parties.Design and implement procedures to analyze and test governance over model development, model implementation, model performance, model use, and model risk oversight.Document testing results in work paper, identify model issues, communicate model audit conclusion with Tech Leads, Managers, Directors, and Officers consistent with Internal Audit methodology and policies and procedures.Understands heightened risks posed by AI and machine learning, including interpretability, fairness, and privacy and evaluates risk management activities to mitigate these risksParticipates in audit entrance meetings, status meetings, potential findings discussions, and exit meetings with senior management or executive levels, other internal audit teams, and auditeesQualifications: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.PhD or master's degree with 3-4 years' experience in quantitative finance, statistics or a related quantitative field, preferably in a large and complex financial institutionStrong written and oral presentation skills.Willingness to learn and obtain a certification in data science and artificial intelligenceBig 4 experience with internal or external audit experience Possession or willingness to pursue certifications in Internal Audit (CIA, CPA, CISA) is preferredKeys to Success in this Role:Ability to effectively manage multiple competing prioritiesAbility to write complete, concise, logical, well laid out workpapers and presentationsCritical thinking skills, effective challenge and strong assuranceStrong quantitative modeling skills in economics, statistics, mathematics and financeGood communication skills (verbal and written) and ability to influence a roomPrior knowledge of multiple techniques and algorithms in data scienceCurrent 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 - Internal Audit (Hybrid - 3 Days in Office), Accounting, Auditing , Mc Lean, DC