What are the responsibilities and job description for the Model Validator - Advisor (Flexible Hybrid) position at Fannie Mae?
Company Description
At Fannie Mae, futures are made. The inspiring work we do helps make a home a possibility for millions of homeowners and renters. Every day offers compelling opportunities to impact the future of the housing industry while being part of an inclusive team thriving in an energizing, flexible environment. Here, you will grow your career and help create access to fair, affordable housing finance.
Job Description
As a valued contributor to our team, you will apply extensive knowledge of principles, advanced techniques, and theories to conduct theoretical and empirical research with public and proprietary data in all areas of mortgage finance business, including mortgage products and securities, borrower behavior, investment and hedging strategies, residential property valuation, macroeconomic models including housing prices and interest rate, financial valuation of finance assets and derivatives, economic capital, and stress testing.
THE IMPACT YOU WILL MAKE
Responsibilities
The Model Validator - Advisor 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:
THE EXPERIENCE YOU BRING TO THE TEAM
Minimum Required Experiences
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 careers_mailbox@fanniemae.com.
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.
At Fannie Mae, futures are made. The inspiring work we do helps make a home a possibility for millions of homeowners and renters. Every day offers compelling opportunities to impact the future of the housing industry while being part of an inclusive team thriving in an energizing, flexible environment. Here, you will grow your career and help create access to fair, affordable housing finance.
Job Description
As a valued contributor to our team, you will apply extensive knowledge of principles, advanced techniques, and theories to conduct theoretical and empirical research with public and proprietary data in all areas of mortgage finance business, including mortgage products and securities, borrower behavior, investment and hedging strategies, residential property valuation, macroeconomic models including housing prices and interest rate, financial valuation of finance assets and derivatives, economic capital, and stress testing.
THE IMPACT YOU WILL MAKE
Responsibilities
The Model Validator - Advisor 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:
- Apply mathematical, statistical, and econometric techniques to provide innovative, thorough, and practical solutions that support business strategies and initiatives, and conduct ad hoc quantitative analyses, modeling, or programming using SAS, SQL, R, or Python.
- Utilize advanced data mining and/or statistical techniques to develop analytic insights, sound hypotheses, and informed recommendations. Identify opportunities to apply quantitative methods to improve business performance and/or resolve complex or unusual business issues.
- Integrate established company policies and industry-wide modeling practices into department processes. Ensure compliance across modeling projects.
- Design and execute effective validation or testing of models and assess the quality and risk of model methodologies, inputs, outputs, and processes. Apply understanding of relevant business context to interpret model results, monitor performance, and assess risks.
- Communicate technical subject matter to senior management and project stakeholders clearly and concisely, both verbally and through written communication, such as whitepapers or review reports.
THE EXPERIENCE YOU BRING TO THE TEAM
Minimum Required Experiences
- 6 years of relevant work experience, including developing or validating quantitative models.
- Bachelor degree or equivalent in a quantitative field such as Economics, Finance, Statistics, Mathematics, Computer Science, and Engineering.
- PhD in Economics w/ Econometrics focus, Applied Finance, Statistics, Mathematics, Computer Science, Engineering, or similar quantitative discipline.
- Experience with retail loan products, home mortgage products preferred.
- Experience in working with huge datasets.
- Work experience at a large financial institution (SIFI or GSIB).
- Experience with model risk framework and oversight.
- Experience in econometrics, statistical inference and/or financial mathematics, including time series forecasting, stochastic processes, hypothesis testing and causal inference.
- Expertise with machine learning and other modern modeling techniques including the use of big/unstructured data.
- Familiarity with the broader AI/ML landscape, including new development in AI/ML.
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 careers_mailbox@fanniemae.com.
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.
