Full-Time

Lead Model Reviewer

Confirmed live in the last 24 hours

Fannie Mae

Fannie Mae

10,001+ employees

Facilitates affordable housing through mortgage financing

Financial Services
Real Estate

Mid, Senior

Washington, DC, USA + 1 more

More locations: Remote in USA

Open to remote work.

Category
Quantitative Analysis
Quantitative Research
Quantitative Finance
Required Skills
Python
R
SQL
Tableau
Data Analysis
Requirements
  • 4 years in model governance, model validation, or model development
  • Adept at analyzing data to identify trends or relationships to inform conclusions about the data; critical thinking
  • Experience working with people with different functional expertise respectfully and cooperatively to work towards a common goal
  • Experience in quantitative analytics applied to one or more areas within credit, interest rate, counterparty credit risk, and/or fixed income valuation in the financial services industry
  • Analytical problem-solving and decision-making skills, with the ability to effectively prioritize and manage multiple tasks and deadlines.
  • Experience presenting information and/or ideas to an audience in a way that is engaging and easy to understand
  • Bachelor degree or equivalent
  • Experience in Governance and Compliance including interpretation of policies, evaluating compliance, enforcing standards and controls, etc.
  • Experience in Risk Assessment and Management including evaluating and designing controls, conducting impact assessments, identifying control gaps, remediating risk, etc.
  • Experience in developing and testing hypotheses, using experimental design, and applied statistical methods (e.g., regression analysis and AI/ML techniques)
  • Determining causes of operating errors and taking corrective action
  • Experience with reporting platforms, including Tableau, Excel, or PowerBI
  • Proficiency in programming languages such as SAS, SQL, R, or Python
  • Experience in managing project plans, resources, and people to ensure successful project completion
  • Influencing skills including negotiating, persuading others, facilitating meetings, and resolving conflict
  • Adept at engaging with leadership and key stakeholders to drive consensus and action, including the ability to explain technology solutions and processes in business terms
Responsibilities
  • Lead teams in assessing compliance with Model Governance through reviews against internal policies, standards, and procedures and regulatory guidance
  • Lead coordination of quality assurance reviews and other quality assurance-related program elements across model risk governance teams and stakeholders
  • Apply understanding of relevant business context to interpret results, monitor performance, and assess risks, which may include the application of mathematic, statistical, and econometric techniques. Provide innovative thorough, and practical solutions that improve business performance and support business strategies and initiatives. Conduct ad hoc quantitative analyses, modeling, or programming using SAS, SQL, R, or Python.
  • Contriute in defining and maintaining comprehensive program metrics and key performance indicators
  • Communicate complex technical subject matter clearly and concisely, both verbally and through written communication, such as white papers, review reports, or workpapers to department leadership and teams.
  • Foster a culture of continuous improvement and quality excellence.

Fannie Mae operates in the U.S. housing finance system by purchasing mortgages from lenders, which helps provide them with the cash flow needed to offer more loans to consumers. The company buys mortgages from banks and financial institutions, holding some in its portfolio while packaging others into mortgage-backed securities (MBS) that are sold to investors. This process spreads risk and ensures a steady flow of capital back into the housing market, promoting homeownership and rental opportunities. Fannie Mae generates revenue through fees for guaranteeing payments on MBS and from interest on its mortgage portfolio. The company aims to facilitate access to affordable housing and is recognized for its commitment to diversity, inclusion, and community service.

Company Stage

IPO

Total Funding

N/A

Headquarters

Washington, District of Columbia

Founded

1938

Simplify Jobs

Simplify's Take

What believers are saying

  • Fannie Mae's strategic initiatives, such as the MH Advantage program, offer new affordable housing options, potentially expanding their market reach.
  • The company's robust issuance program, like the $659 million Connecticut Avenue Securities deal, demonstrates its strong position in the credit risk-sharing market.
  • Recognition for corporate responsibility and impact, as highlighted in their 2023 CRI Report, enhances Fannie Mae's reputation and stakeholder trust.

What critics are saying

  • The ongoing affordability constraints in the housing market could limit the number of buyers, impacting Fannie Mae's business volume.
  • Economic uncertainties, such as potential GDP growth downgrades and inflation volatility, could affect the housing market and Fannie Mae's financial performance.

What makes Fannie Mae unique

  • Fannie Mae's role as a government-sponsored enterprise uniquely positions it to provide liquidity and stability in the U.S. housing market, unlike private sector competitors.
  • Their ability to package purchased mortgages into mortgage-backed securities (MBS) and sell them to investors spreads risk and ensures a steady flow of capital back into the housing market.
  • Fannie Mae's commitment to community service, diversity, and inclusion, as evidenced by numerous accolades, sets it apart in the financial services sector.

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