Enterprise Analytics and Modeling - Quantitative Engineering - Lead Associate

The Fannie Mae; United States; On-site; USD 141,000 - 184,000; Full time

Job summary

Fannie Mae is seeking an experienced Enterprise Modeling and Analytics - Lead Associate to lead the development and implementation of financial models that support investment and capital market activities.

You will drive derivatives valuation, interest rate modeling, and hedge accounting optimization, translating complex mathematical and financial modeling logic into software code and scalable model applications. Office-based with potential remote options per policy.

Qualifications

• Minimum 4 years of experience in applying new technologies, including AI, to modeling work.
• Advanced degree in a highly quantitative field is preferred.
• Demonstrated experience in building models for derivatives valuation and/or term structures.
• Knowledge of Stochastic Calculus.
• Target pay range provided: $141,000–$184,000 annually.
• Internal job title: Enterprise Modeling and Analytics-Quantitative Engineering - Lead Associate.
• Qualifications include Python programming.
• Education: Bachelor's Degree required.

Responsibilities

• Lead development and implementation of financial models for investment and capital market activities.
• Serve as contact for model development across derivatives valuation, interest rate modeling, PFE for derivatives, and hedge accounting optimization.
• Translate complex mathematical and financial modeling logic into software code and design scalable model applications.

Skills

Python

Derivatives modeling

Stochastic calculus

Interest rate modeling

Education

Bachelor's Degree

Advanced degree in quantitative field

Job description

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

As a valued colleague on our team, you will act as project lead for the development and implementation of all components of financial models supporting investment and capital market activities. You will act as a point of contact for the development and implementation of financial models for one or all of the following areas: derivatives valuation, interest rate modeling, potential future exposure (PFE) for derivatives, and hedge accounting optimization.

THE IMPACT YOU WILL MAKE

This position will be a key contributor for models that have direct business impact. This position will be responsible mainly in interest rate modeling areas, including curve construction, term structure, derivatives valuation and mortgage rate modeling. Apply advanced skill, knowledge, and/or experience while leading teams in translating complex mathematical, business, and financial modeling logic into software code, as well as design and execute modeling application systems via distributed computing both on premise and on external cloud 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. Consider multiple interrelated systems, processes, or models to assess model implementation quality and production control risk. Develop system requirements for model and analytical applications, such as computing power, storage, network, and security. Recommend technology platforms and architecture designs for model applications to ensure robust and scalable execution. Lead the evaluation of emerging technologies and industry best practices of model and analytical system implementation.

THE EXPERIENCE YOU BRING TO THE TEAM

• Minimum Required Experiences: 4 years Shows curiosity and adaptability in learning and responsibly applying new technologies, including artificial intelligence, to reimagine how we work.
• Desired Experiences: Advanced degree in a highly quantitative field.
• Demonstrated experience in building models for derivatives valuation and/or term structures
• Knowledge of Stochastic Calculus
• Target Pay Range: $141,000.00 - 184,000.00 a year
• Internal Job Title: Enterprise Modeling and Analytics-Quantitative Engineering - Lead Associate
• Qualifications: Python (Programming Language)
• Education: Bachelor's Level Degree (Required)

The future is what you make it to be. Discover compelling opportunities at Fanniemae.com/careers. For most roles, employees are expected to work onsite on a regular basis at their designated office location. In-office work cadence is determined by your manager. Proximity within a reasonable commute to your designated office location is preferred unless the job is noted as open to remote.

Fannie Mae is an equal opportunity employer and considers qualified applicants for employment without regard to race, color, religion, sex, national origin, disability, age, sexual orientation, gender identity/gender expression, marital or parental status, or any other protected factor. Fannie Mae is committed to providing reasonable accommodations to qualified individuals with disabilities who are employees or applicants for employment, unless to do so would cause undue hardship to the company. If you need assistance using our online system and/or you need a reasonable accommodation related to the hiring/application process, please complete this form.

The hiring range for this role is set forth below. Final salaries will generally vary within that range based on factors that include but are not limited to, skill set, depth of experience, certifications, and other relevant qualifications.

This position is eligible to participate in a Fannie Mae incentive program (subject to the terms of the program). 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. See more here. Requisition compensation: 141000 to 184000

Tackle America’s biggest housing challenges using the latest technology and AI, while collaborating with experts in their fields. Join our energizing environment—you’re invited to apply. Join our talent community to be the first to hear about happenings at Fannie Mae and share your experience to hear about potential job opportunities for you. As a Fortune 25 company, Fannie Mae expands access to housing across America. Powered by the latest tech and AI, our innovative products and services drive the mortgage industry forward. We believe that prioritizing our people’s growth and success is essential to achieving our business goals and fulfilling our purpose.