Quantitative Modeling –Interest Rate Derivatives- Manager

Fannie Mae; United States; On-site; USD 155,000 - 209,000; Full time

Benefits offered by this job

Incentive program

Health benefits

Life insurance

Job summary

Fannie Mae is seeking a leader for Enterprise Modeling and Analytics to guide quantitative modeling efforts and oversee modeling of interest rate derivatives and hedge accounting. The role requires strong Python/SQL skills, financial modeling expertise, and leadership experience.

The successful candidate will mentor a team, apply advanced analytics to business decisions, and ensure compliance with modeling standards.

Qualifications

• 6 years of related industry experience
• Experience leading a project and mentoring junior team members
• Experience developing financial models and preparing interest rate and derivatives data using Python and SQL
• Master’s degree in a highly quantitative field
• Willingness to learn and apply AI technologies

Responsibilities

• Manage application of mathematical, statistical, and econometric techniques to support strategies
• Oversee ad hoc analyses, modeling, or programming using Python, SQL, R or SAS
• Guide data mining and analytics to develop insights and recommendations
• Ensure modeling projects align with company policies and best practices
• Manage validation/testing strategies and assess model risk and quality
• Interpret model results and monitor performance; communicate clearly to stakeholders
• Coach team members to communicate technical topics effectively

Skills

Python

SQL

Financial modeling

Project leadership

Mentoring

Education

Bachelor's degree

Master's degree

PhD (desirable)

Tools

YieldBook

Bloomberg

BlackRock

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 leader on our team, you will manage the work of a team whose staff conduct theoretical and empirical research with public and proprietary data in all areas of mortgage finance business, with a focus on financial valuation and counterparty risk of interest rate derivatives as well as hedge accounting.

The Impact You Will Make

• Manage the application of mathematical, statistical, and econometric techniques to provide innovative, thorough, and practical solutions that support business strategies and initiatives.
• Oversee ad hoc quantitative analyses, modeling, or programming using Python, XML, SQL, R or SAS.
• Guide the effective application of data mining and/or statistical techniques to develop analytic insights, sound hypotheses, and informed recommendations, as well as identify opportunities to apply quantitative methods to improve business performance.
• Ensure the team completes modeling projects aligned with established company policies and industry-wide modeling practices.
• Manage the implementation of validation or testing strategies and assess the quality and risk of model methodologies, outputs, and processes.
• Apply understanding of relevant business context to interpret model results, monitor performance, and assess risks.
• Coach team members to communicate technical subject matter clearly and concisely.

The Experience You Bring to the Team

Minimum Required Experiences:

• 6 years of related industry experience
• Demonstrated experience in leading a project and/or mentoring junior team members
• Experienced in developing financial models and preparing interest rate and derivatives data using Python and/or SQL
• Master’s degree in a highly quantitative field, such as quantitative finance/financial engineering, mathematics, statistics and physics
• Shows curiosity and adaptability in learning and responsibly applying new technologies, including artificial intelligence, to reimagine how we work

Desired Experiences:

• Ph.D degree in a highly quantitative field, such as quantitative finance/financial engineering, mathematics, statistics and physics
• Experience in main industry analytics platforms such as YieldBook, Bloomberg and/or BlackRock
• Demonstrated experience in interest rate derivatives valuation, future potential exposure (PFE) and hedge accounting

Enterprise Modeling and Analytics - Quantitative Modeling - Manager Target Pay Range: $155,000 - $209,000 a year #LI-Hybrid #LI-ME1 Qualifications 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: 155000 to 209000

Tackle America’s biggest housing challenges using the latest technology and AI, while collaborating with experts in their fields.

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.