Enterprise Analytics and Modeling - Quantitative Engineering - Lead Associate

Fannie Mae • Reston, DC

6d • $141,000 - $184,000

About The Position

As a valued colleague on Fannie Mae’s Enterprise Analytics and Modeling - Quantitative Engineering team, the Lead Associate acts as project lead for developing and implementing financial models that support investment and capital market activities. The role serves as a point of contact for model development and implementation in areas including derivatives valuation, interest rate modeling, potential future exposure for derivatives, and hedge accounting optimization. The position primarily focuses on interest rate modeling, including curve construction, term structure, derivatives valuation, and mortgage rate modeling.

The Lead Associate applies advanced skills and experience to lead teams in translating complex mathematical, business, and financial modeling logic into software code. The role also designs and executes modeling application systems using distributed computing on-premises and in external cloud environments, with an emphasis on efficiency, scalability, and modularity. The position leads testing, assesses model implementation quality and production control risk, develops system requirements, recommends platforms and architecture, and evaluates emerging technologies and industry best practices.

Requirements

• At least 4 years of required experience.
• Bachelor's-level degree required.
• Python programming language.
• Curiosity and adaptability in learning and responsibly applying new technologies, including artificial intelligence, to reimagine how work is done.

Nice To Haves

• Advanced degree in a highly quantitative field.
• Demonstrated experience building models for derivatives valuation and/or term structures.
• Knowledge of stochastic calculus.

Responsibilities

• Lead development and implementation of financial models supporting investment and capital market activities.
• Serve as a point of contact for model development and implementation in derivatives valuation, interest rate modeling, potential future exposure for derivatives, and hedge accounting optimization.
• Contribute primarily to interest rate modeling, including curve construction, term structure, derivatives valuation, and mortgage rate modeling.
• Lead teams in translating complex mathematical, business, and financial modeling logic into software code.
• Design and execute modeling application systems using distributed computing on-premises and on external cloud environments to achieve efficiency, scalability, and modularity.
• Lead the design and execution of test cases for modeling and analytical software applications to ensure they meet business needs and model requirements.
• Assess model implementation quality and production control risk across multiple interrelated systems, processes, or models.
• Develop system requirements for model and analytical applications, including computing power, storage, network, and security.
• Recommend technology platforms and architecture designs for robust and scalable model application execution.
• Lead evaluation of emerging technologies and industry best practices for model and analytical system implementation.

Benefits

• Broad range of health, life, voluntary lifestyle, and other benefits and perks supporting employees' physical, mental, emotional, and financial well-being.
• Eligible to participate in a Fannie Mae incentive program, subject to its terms.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior