Quantitative Analytics Tech Lead (Multifamily business)
About The Position
At Freddie Mac, our mission of Making Home Possible is what motivates us, and it’s at the core of everything we do. Since our charter in 1970, we have made home possible for more than 90 million families across the country. Join an organization where your work contributes to a greater purpose. Position Overview: Freddie Mac’s Enterprise Risk Management Division is currently seeking a Quantitative Analytics Tech Lead to join the Enterprise Model Risk Department. The Enterprise Model Risk Department is responsible for model risk oversight. This Quantitative Analytics Tech Lead will be a member the MF model validation team. The main responsibility of the team is to provide oversight and manage risks associated with the use of models in Freddie Mac's Multifamily business. Apply now and learn why there’s #MoreAtFreddieMac! Our Impact: The team is responsible for validation of models for the Multifamily business and related corporate functions, including related model risk management activities throughout the model life cycle. Your Impact: Effectively interact with model developers, users, business stakeholders, and model governance team to manage model validations, including operational management of associated model risk processes, and ensure compliance with Model Risk Policy and Standards Assess reasonableness of credit risk models used for Multifamily mortgages Conduct research on improvements to the existing models, and applying industry standard methodologies and techniques to meet various business needs Provide innovative, detailed and practical solutions to an extensive range of complicated modeling problems Preparing documentation for the technical analysis and rationale through the model validation process to comply with model oversight and support model review for approval.
Requirements
- PhD in Economics, Statistics, or a related quantitative field with at least 3 years of related post-graduate work experience related to model development or validation; or master's degree with at least 6 years of related experience.
- Strong programming skills in Python and SQL.
- Experience working with large data sets and relational database Experience.
- Comprehensive knowledge of mortgage or consumer credit risk models and prepayment models.
Nice To Haves
- Multifamily model development or Multifamily model risk validation experience highly preferred.
- Deep curiosity to learn with critical thinking.
- Strong verbal and written communication skills.
- Ability to work under limited direction independently to identify issues and solve problems.
Responsibilities
- Effectively interact with model developers, users, business stakeholders, and model governance team to manage model validations, including operational management of associated model risk processes, and ensure compliance with Model Risk Policy and Standards
- Assess reasonableness of credit risk models used for Multifamily mortgages
- Conduct research on improvements to the existing models, and applying industry standard methodologies and techniques to meet various business needs
- Provide innovative, detailed and practical solutions to an extensive range of complicated modeling problems
- Preparing documentation for the technical analysis and rationale through the model validation process to comply with model oversight and support model review for approval.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
Ph.D. or professional degree
