Capital Markets Analyst - Market

Freddie Mac•McLean, VA

5d•Onsite

About The Position

This analyst position is crafted to develop future portfolio leaders at Freddie Mac by providing real world training experiences with the goal of learning the full mortgage capital markets life cycle while also providing desk-specific knowledge. The goal is to provide analysts with the opportunity to gain unique experience working across a broad spectrum of Freddie Mac’s capital markets desks. Analysts will get a chance to learn, be mentored by and work alongside best-in-class professionals on various desks to analyze and support our mission of Making Home Possible. At the conclusion of the rotation period, analysts are encouraged to apply for a full-time position within the company. Your experience will expose you to different styles of desks and multiple fixed income markets (including trading e.g. MBS/TBA, derivatives, US Treasuries, etc. and structuring unique products) through up to four six-month rotations, with at least one rotation on a desk in each of the following three areas: Front-End: Gaining knowledge of how Freddie Mac prices, including upfront loan pricing, pool securitization and unsecured debt funding through a rotation on either Single-Family Pricing, Cash Window or Treasury/Liquidity Investments Non-Credit Risk: Understanding Freddie Mac’s retained risks, on desks such as Asset Liability Management, Retained Portfolio Investments or Counterparty Risk Management Credit Risk: Learning how Freddie Mac manages its credit risk, through the securitized products related desks, including STACR, ACIS, Servicing Capital Markets and Loan Portfolio Management & Structuring. Freddie Mac’s Single Family and Capital Markets Divisions are responsible for handling the ~$3.4 trillion mortgage guarantee and investment portfolios through secondary mortgage market activities such as asset-liability management, loan purchases, servicing transactions, securitization, debt issuance and credit risk transfer. You'll be part of a team that is intellectually curious, creative, analytical, and passionate about markets, managing risk and adding value to the overall firm. We provide the cash flow, financing, trading, and capital market expertise that allows the company to achieve its stated mission of providing liquidity to the house market and making home possible. In this position, you will be supporting portfolio manager activities by digging into data, projects, or desk needs to improve desk functionality or produce analyses that will help the desks make more educated decisions. You will be working as part of a high-performing team in your business area, gaining experience to begin building your analytical and interpersonal communication skills, and gaining diverse perspectives working across desks. You will use the knowledge and experiences from each rotation to bring different, educated viewpoints to desks that embrace your knowledge and expertise. Throughout your rotations, you will learn not only how the Single Family and Capital Markets divisions work and interact with the rest of the firm, but you will pick up specific expertise about the desks you work on, while having the opportunity to be on both trading and deal-based desks. Through these rotations, analysts will build the following proficiencies and opportunities: Fixed income valuation and financial transaction analysis Expertise in the U.S. Economy/Fixed Income markets Knowledge of primary and secondary mortgage financial system Quantitative abilities (e.g., Advanced Excel, SQL, SAS, Python, R) Professional networking skills and opportunities within the company and industry Mentorships to help guide your career Social community of analysts.

Requirements

Pursuing a bachelor's degree, preferably but not only in Economics, Finance, Business, Statistics, Engineering and/or Math.
Availability to begin full-time employment in January 2027 or June 2027 dependent on graduation date.
Graduating in Fall 2026 or Spring 2027.
Some background and demonstrable interest in Finance, especially Capital Markets.
Ability to learn quickly and pick up new skills/concepts.
Exceptional communication skills, both written and verbal.
Strong problem-solving ability.
Microsoft Office skills required.
Must be a great teammate and able to work collaboratively.
Comfortable working in a fast-paced trading floor environment.
Attention to detail, exercise sound judgment and can handle sensitive information with discretion.
Remain aware of industry-related news and analyze the implications of news/industry developments.
Apply a learning mindset and take ownership for your development.

Nice To Haves

Additional quantitative skills preferred.
Exposure to AI tools, bots, agents, prompt engineering, or automation technologies.

Responsibilities

Analyze and support Freddie Mac's mission of Making Home Possible.
Gain experience working across a broad spectrum of Freddie Mac’s capital markets desks.
Learn, be mentored by, and work alongside professionals on various desks.
Support portfolio manager activities by analyzing data and projects.
Improve desk functionality and produce analyses for educated decision-making.
Build analytical and interpersonal communication skills.
Gain diverse perspectives by working across different desks.
Develop proficiencies in fixed income valuation and financial transaction analysis.
Gain expertise in U.S. Economy/Fixed Income markets.
Acquire knowledge of the primary and secondary mortgage financial system.
Develop quantitative abilities (e.g., Advanced Excel, SQL, SAS, Python, R).
Build professional networking skills and opportunities within the company and industry.
Participate in mentorships to guide career development.
Engage with a social community of analysts.