Financial Engineer III
Location:
Washington , District of Columbia
Posted:
November 23, 2017
Reference:
52091
THE COMPANY

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

JOB INFORMATION

Use advanced mathematical, analytical, or econometric tools to create algorithms that will be used in analytical or product development processes. Using these tools, develop or refine computer applications that provide deeper analysis of prospective asset performance, asset pricing, new asset classes, or information needed to measure or hedge risk. Provide ongoing analysis of new products or asset classes, and suggest program modifications as necessary. May test applications for accuracy and functionality before putting them into service.

KEY JOB FUNCTIONS

  • Confer with product managers, marketing staff, capital market staff, or business unit management to determine analytical or product-related needs regarding product, investment instrument, market activity, or complex transaction to be analyzed.
  • Use one or more analytical tools from a suite of mathematical/application tools to perform appropriate analysis on specified product, transaction, market activity, or investment vehicle that has multiple variables affecting potential outcomes.
  • Report in quantitative manner on parameters of proposed purchase, sale, marketing action, structure of transaction or market activity, or risk factors and the degree to which they could affect outcomes.
  • Participate with product management, treasury, or capital markets staff in exercises to value derivatives or other complex products, or to revise models used to perform these valuations.
  • Perform ad hoc analyses as needed and assist managers of specific product lines with analytical, valuation, or pricing projects. Collaborate with teams planning or structuring transactions to assist in credit analysis and pricing.
  • Perform loss forecast analysis and reporting; perform ongoing ad hoc model development and analysis for specific clients needing high level quantitative analysis of credit risk, product valuation, asset analysis, and the like.
  • Redefine and implement the components of new risk indicators. Consult with the business owners, design and implement an interface to record key indicators, research industry best practices of analyzing and reporting key performance indicators.
  • Design test cases and test applications for systems used for a variety of analytical, pricing, risk management or credit pricing to ensure the business needs are met and analytics are correctly implemented.

Qualifications:

EDUCATION
  • Bachelor's Degree or equivalent required

MINIMUM EXPERIENCE

  • 4 years of related experience

SPECIALIZED KNOWLEDGE & SKILLS
  • Three or more years of mortgage or fixed income industry experience
  • A broad understanding of statistics and statistical analysis
  • Considerably experience with statistical software such as SAS or Python
  • Substantial use and understanding of BI tools such as Tableau
  • Practical knowledge and comprehension of cash flow models
  • Strong written and verbal communication skills

EMPLOYMENT

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.

A little about us:
We’re leading the way to provide safe, affordable, and reliable credit, so people across the U.S. have opportunities to buy, refinance, or rent homes.

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