Freddie Mac Quantitative Analytics Sr in McLean, Virginia

9505BR

Work Location:

McLean, VA 4

FLSA Status:

Exempt

Req Number:

9505BR

Full Time/Part Time:

Full-time

Job Type:

Regular

Position Overview:

The Quantitative Analytics Senior will assist the model risk governance and corresponding model quality assurance activities for models and related applications used in Investments & Capital Markets (I&CM). This involves planning, managing, and facilitating required governance and assurance activities defined by corporate policy, standards, and associated divisional procedures throughout the model life cycle including development, change management, validation, UAT, monitoring, reporting, assessment and retirement.

Responsibilities include:

• Assist the modeling area and business users to achieve sound understanding of corporate model risk policy and standards, and related divisional procedures

•Manage the 1st Line of Defense review of model documentation and ongoing model monitoring reports for accuracy, completeness and compliance with associated policy, standards and procedures

• Assist in on‐going model monitoring meetings and facilitate annual model reviews

•Interact with I&CM model owners and users, Enterprise Model Risk, Financial Engineering, Risk & Controls, and Internal Audit to facilitate the resolution of model risk issues

• Assist in new models and model changes through the change management process and associated tools such as MRT

•Facilitate UAT of new models and model changes; work with model owners and users to develop and execute test plans

•Lead in the development of model project plans, business requirements and business cases by assisting model users and owners

Work Location Zip Code:

22102

Division:

Investments & Capital Markets

Qualifications:

•Master’s degree in Economics, Statistics, Applied Mathematics, or a directly related quantitative field with at least 3+ years of experience; or PhD in related discipline

•Strong understanding of the best practices used in model development, implementation, and usage

•Excellent interpersonal and communication skills, particularly written communication skills

•Strong analytical and problem solving skills with a high attention to detail

•Strong project management skills

•Demonstrated experience with Microsoft Office and Web tools (Word, Excel, PowerPoint, Visio, SharePoint)

•Self‐directed, with the capability of managing multiple priorities and efficient in proposing solutions

•Experience in an audit or controls environment for modeling activities

•Experience in model validation process

Work Location City:

McLean

Posting Title:

Quantitative Analytics Senior - Risk Policy

Preferred Skills:

•Big 4 experience

Closing Statement:

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. Freddie Mac is an equal opportunity and top diversity employer. EOE, M/F/D/V.

Work Location State:

VA

Job Category:

Quantitative Analytics & Modeling