Enterprise Analytics and Modeling - Quantitative Modeling - Senior Director
About The Position
Playing an essential role in the U.S. economy, Fannie Mae is foundational to housing finance. Here, your expertise can help fuel purpose-driven innovation that expands access to homeownership and affordable rental housing across the country. Join Fannie Mae to grow your career and help people find a place to call home. Job Description In this dynamic leadership position on our Enterprise Modeling team, you will lead the team responsible for developing and advancing proprietary prepayment and cash flow modeling covering all mortgage assets and instruments on Fannie Mae’s retained portfolio. Those modeling assets are the analytics foundation supporting business transactions in the company’s treasury & capital markets, financial and regulatory reporting, forecasting and capital planning, and market & liquidity risk management. Your team will be responsible for monitoring and assuring the continued performance of those modeling assets that are fit to business use, for comparing with other internally developed alternative versions of those models, and for benchmarking against third-party models in the industry. Your team will also closely collaborate and interact with traders and risk managers across the company.
Requirements
- 8+ years related experience in mortgage risk modeling
- Strong understanding of housing finance, AI/ML, GenAI, and Agentic AI
- Customer relationship and ability to work effectively with stakeholders
- Ability to effectively manage relationships and interact with regulators.
- Superior analytical skills.
- Excellent communication and writing skills.
- Skilled in presenting information and/or technical ideas to audiences in ways that are engaging and easy to understand.
- Prior management experience, leading teams, giving feedback, facilitating meetings, coaching, and mentoring.
- Experience identifying and selecting strategic options and identifying resources to meet the defined objectives.
- Bachelor's degree or equivalent in STEM.
- Experience coaching and mentoring junior members.
Nice To Haves
- Experience with AI/ML, GenAI, or Agentic AI
- Prior experience in secondary mortgage market and/or in MBS trading
- Advanced degree in a STEM field
Responsibilities
- Make decision on modeling and data methodology concerning the mortgage assets including Single Family MBS, Multifamily MBS, Non-performing Loans, Re-performing Loans, Reverse Mortgages, and Mortgage Servicing Rights.
- Make strategic decisions on modeling resource allocation, people development, and organizational design with a thorough understanding of value proposition of those modeling assets.
- Collaborate with quantitative engineers and product managers to ensure the models are implemented accurately in modeling application systems for business users to use the modeling assets with confidence by understanding the assumptions, limitations, and modeling uncertainties.
- Work with trading desks and front offices to ensure understanding of business needs, grasping market trends, and providing modeling and analytics insights that support business decisions
- Manage model risk as model owner and remain compliant with the company’s model risk policy, standards and procedures.
- Lead engagement with Model Risk Management, Internal Audit, External Audit, and the US Federal Housing Examiners covering the modeling assets owned by the team.
- Lead and manage a team of 12 to 15 quantitative modelers and data scientists.
Benefits
- As part of our comprehensive benefits package, Fannie Mae offers a broad range of Health, Life, Voluntary Lifestyle, and other benefits and perks that enhance an employee's physical, mental, emotional, and financial well-being.
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What This Job Offers
Job Type
Full-time
Career Level
Director
Number of Employees
1,001-5,000 employees
