Quantitative Modeling Senior Associate, Internal Audit
About The Position
As a valued colleague in our model risk audit team, you will participate in audit planning and execution in model risk related audits covering various areas of the mortgage finance business. You will conduct effective challenges on model risk management framework and on the effectiveness of model risk controls for enterprise-wide models covering mortgage products and securities. You will also be engaged with continuous monitoring to facilitate identification of emerging risk and risk assessment. We are seeking a dynamic Quantitative Modeling Senior Associate, Internal Audit associate to join our Internal Audit team, with a dual focus on model risk assurance and driving data analytics innovation across audit domains. This role offers the flexibility to shape your workday while making a meaningful impact on audit quality and efficiency alongside people who care so that you can deliver on the following responsibilities:
Requirements
- Bachelor's degree in Statistics, Quantitative Finance, Financial Engineering, Economics, or related quantitative discipline
- 2+ years of experience in Quantitative Analytics, model development, validation or auditing
- Proficiency in Python, R, JavaScript or similar programming languages for data analytics and automation
- Strong analytical, communication and project management skills.
- Self-motivated and able to work independently
Nice To Haves
- Advanced degree (Master or Ph.D.) in quantitative Finance disciplines
- Professional certification (e.g. CFA, FRM)
- 2+ years of experience in model risk management or internal audit at a large financial institution or consulting firm
Responsibilities
- Lead Data Analytics Initiatives: Drive the deployment of advanced analytics and automation to enhance audit assurance across Model Risk, Enterprise Risk Management (ERM), Compliance, and HR.
- Enable Insight-Driven Auditing: Develop and apply data-driven solutions for risk measurement, control testing, and continuous monitoring to deepen audit insights and coverage.
- Model Risk Audit Execution: Participate in model audit engagements, providing credible challenge on model development, validation, and performance monitoring. Apply specialized expertise to review models in mortgage finance, including credit risk, counterparty credit risk, and interest rate risk.
- Stakeholder Engagement: Collaborate with business partners to strengthen governance and control environments, and communicate technical concepts clearly to diverse audiences.
Benefits
- 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
Mid Level
Industry
Credit Intermediation and Related Activities
Number of Employees
5,001-10,000 employees
