Quatitative Model Engineer

  • Company: Fannie Mae
  • Location: Washington, District of Columbia
  • Posted: November 15, 2017
  • Reference ID: 52080

Are you interested in helping solve today's most critical housing challenges? In simplest terms, Fannie Mae serves the people who house America. We work at the heart of housing by providing reliable, affordable mortgage financing in all markets at all times, buying loans that banks and other lenders originate, so they can fund new loans. This gives more people the opportunity to buy, refinance, or rent homes and apartments. Creating these opportunities is what drives the people who work at Fannie Mae.

For more information about Fannie Mae, visit http://www.fanniemae.com/progress


Conduct and review analyses of effects of different economic conditions on the company's products, assets, or investments for the purposes of independent Internal Audit assessments of model risk. Identify and evaluate economic trends and their impact on financial and statistical models used across Fannie Mae for pricing, valuations, credit risk management, market risk management, financial reporting, and forecasting purposes.


  • Conduct economic research on public, proprietary, or lender data to assess trends or patterns for the purposes of an independent assessment of reasonableness of a variety of models used across the company.
  • Examine macroeconomic data and their implications for modeling of home prices, interest rates, and similar economic drivers of loan behavior.
  • Apply sophisticated econometric or quantitative methods to evaluate the full life cycle of models used across the company, focusing on model design/methodology, inputs and outputs, usage, model performance, monitoring and change management processes.
  • Review technical documentation written by model owner and ensure that they are accurately implemented.
  • Conduct fieldwork, including data analysis, technical reviews, and other substantive testing relating to model risk related controls. Document and maintain sufficient supporting information and facilitate the presentation of findings and conclusions in accordance with the department's work paper standards.


  • Bachelor's Degree or equivalent required

  • 2 years of related experience


  • Familiarity with multiple financial modeling disciplines, such as predictive modeling, asset-liability management, term structure modeling, derivatives pricing theory, quantitative risk management, etc.
  • Prior experience building, testing, and/or validating financial/economic/statistical models required, including review of inputs, assumptions, methodologies and outputs.
  • Prior experience with modeling tools such as SAS, R, Matlab or comparable application required.
  • Demonstrated ability to evaluate controls over model development, implementation and operation.
  • Analytical skills inclusive of the ability to evaluate facts and data to draw conclusions, even if information is limited as well as explain problems or situations using a basic systematic framework.
  • Ability to adapt and work in a frequently changing and unstructured environment and deal with ambiguity.
  • Team player that works collaboratively with various team members to accomplish integrated solutions.


As a condition of employment with Fannie Mae, any successful job applicant will be required to pass a pre-employment drug screen and to successfully complete a background investigation.

Fannie Mae is an Equal Opportunity Employer.

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