Quantitative Analytics Senior – Model Validation

Freddie Mac; McLean (VA); On-site; USD 126,000 - 190,000; Full time

Job summary

Freddie Mac’s Enterprise Risk Division seeks a Quantitative Analytics Senior to join the Enterprise Model Risk Department, focusing on validating models used by the Single-Family Business Division, including origination scorecard, Automated Valuation, and credit loss models.

You will validate models per policy, review controls for overlays, and interact with developers, users, and governance to ensure compliance and address findings.

Qualifications

• Doctorate degree or Master’s degree +3 years equivalent work experience in economics, statistics, mathematics, financial engineering, or related fields preferred.
• Coursework or work experience applying predictive modeling techniques from finance, statistics, mathematics, data science, and computer programming to large datasets.
• Related experience in regulated financial services institutions with focus in capital markets.

Responsibilities

• Validate Single-Family models in accordance with Freddie Mac policy and standards.
• Review controls for model overlays, processes, and applications with qualitative factors.
• Recommend approval or disapproval of models and raise findings for independent review.
• Ensure conformance to internal controls for model validation processes.
• Engage with developers, users, governance, and other groups to manage validations.
• Support audit and regulatory engagements and remediation activities related to model risk.
• Monitor ongoing risk metrics and collaborate with governance on model risk reporting.

Skills

Predictive modeling

Machine learning

Statistical analysis

Data processing

Programming

Education

Master’s degree or PhD in economics/statistics/math/financial engineering

Tools

Python

R

SQL

Job description

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. Continue your career journey where your work contributes to a greater purpose.

Position Overview:

Freddie Mac’s Enterprise Risk Division is currently seeking a Quantitative Analytics Senior to join the Enterprise Model Risk Department. The Enterprise Model Risk Department is responsible for model risk oversight including development, validation, implementation and monitoring models across multiple risk areas. The team is primarily responsible for validating key models used by the Single-Family Business Division. The models subject to review include origination scorecard model, Automated Valuation model, and credit loss models.

Our Impact:

Freddie Mac is leading the U.S housing market forward by making homeownership and rental housing more accessible and affordable.

Your Impact:

• Perform comprehensive validation of Single-Family Models in accordance with applicable Freddie Mac Policy and Standards and Regulatory requirements.

• Review appropriate controls for associated model overlays, processes and applications that may include expert judgment or qualitative factors.

• Recommend, as appropriate, the approval or disapproval of models, overlays, processes, and applications, and raise findings tied to weaknesses as determined by independent effective challenge.

• Ensure conformance to internal control standards for associated model validation processes.

• Interact effectively with model developers, implementers and users, business stakeholders, and governance committees to manage model validations, including operational management of associated model risk processes, and ensure compliance with Model Risk Policy and Standards

• Participate in and support audit and regulatory engagements, including remediation activities related to model risk.

• Conduct ongoing monitoring and validation activities to support conformance to appropriate risk appetite and KRI metrics.

• Engage with model governance and reporting functions, and other model validation groups, and support model risk activities.

• Build strong relationships and consensus across the lines of defense on model validation matters, aligning conflicting priorities and resolving issues to achieve progress.

Qualifications:

• Doctorate degree or Master’s degree +3 years equivalent work experience in economics, statistics, mathematics, financial engineering, or related fields preferred.

• Coursework or work experience applying predictive modeling techniques from finance, statistics, mathematics, data science, and computer programming to large datasets.Qualifying coursework may include statistics, mathematical programming, optimization, machine learning, computational methods, design and analysis of algorithms, Bayesian methods, derivatives, and Monte Carlo methods/modeling.

• Related experience in regulated financial services institutions with focus in capital markets.

Keys to Success in this Role:

• Deep intellectual curiosity to explore new methods and acquire techniques beyond one’s own expertise.

• Ability to translate analytical results into actionable insights that inform strategy and business direction.

• Proficiency in machine learning and AI techniques.

• Strong technical and programming skills for processing large datasets and building/validating complex models.

• Superior technical writing and verbal communication skills.

• Excellent organizational skills and ability to manage multiple priorities.

We consider all applicants for all positions without regard to gender, race, color, religion, national origin, age, marital status, veteran status, sexual orientation, gender identity/expression, physical and mental disability, pregnancy, ethnicity, genetic information or any other protected categories under applicable federal, state or local laws. We will ensure that individuals are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

Freddie Mac offers a comprehensive total rewards package to include competitive compensation and market-leading benefit programs. Information on these benefit programs is available on our Careers site.

This position has an annualized market-based salary range of $126,000 - $190,000 and is eligible to participate in the annual incentive program. The final salary offered will generally fall within this range and is dependent on various factors including but not limited to the responsibilities of the position, experience, skill set, internal pay equity and other relevant qualifications of the applicant.