Senior Quantitative Model Auditor

Freddie Mac; McLean (VA); On-site; USD 120,000 - 190,000; Full time

Job summary

Freddie Mac in McLean, VA is seeking an experienced quantitative professional for the Model Audit team within Internal Audit to provide independent assurance over risk models used in valuation, hedging, and capital decisions.

You will evaluate model soundness, perform quantitative analyses, document results, and communicate findings to senior stakeholders, collaborating with IT, AI auditors, and business areas to strengthen model governance and risk insights.

Qualifications

• Master's degree with at least 3 years of relevant experience, or a Doctorate in quantitative finance, economics, statistics or related field.
• Experience with market risk or capital models (e.g., interest rate, hedging, stress testing, economic/capital models) is strongly preferred.
• Experience as a quantitative analyst/researcher in trading, market risk, model development, or validation is desirable.
• Proficiency in programming languages such as Python, R, SQL, Java (and similar) to develop models and algorithms.
• Experience at large financial institutions or Big 4 audit environments is preferred.
• Pursuit or possession of professional certifications (e.g., CIA, CPA, CISA, Data Science, AI, AMP) is preferred.
• Experience using Generative AI to enhance productivity, analyze complex documents or code, or develop analytics.

Responsibilities

• Evaluate the conceptual soundness, implementation, use, and performance of market, capital, credit, counterparty, and AI/ML models, including those used for interest rate risk, hedging, stress testing, and regulatory capital management.
• Perform model audits and independent quantitative analyses, including testing reported model issues and assessing corrective actions address underlying model and business risks.
• Evaluate the quality and effectiveness of second-line model validation and oversight.
• Document testing results in work papers, identify model issues, and communicate audit conclusions with Quantitative Technical Leads, Directors, and Officers.
• Participate in audit entrance, status, findings, and exit meetings with senior management and auditees.
• Collaborate with business area, IT and AI auditors to enhance assurance over interrelated risks and provide insights to Freddie Mac.

Skills

Quantitative reasoning

Communication of complex concepts

Cross-functional collaboration

Analytical thinking

Statistical analysis

Education

Master's degree in quantitative field

Doctorate in quantitative field

Tools

Python

R

SQL

Java

Job description

Freddie Mac in McLean, VA is seeking an experienced quantitative professional for the Model Audit team within Internal Audit to provide independent assurance over risk models used in valuation, hedging, and capital decisions.

You will evaluate model soundness, perform quantitative analyses, document results, and communicate findings to senior stakeholders, collaborating with IT, AI auditors, and business areas to strengthen model governance and risk insights.