Financial Modeling Software Engineer

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. Join an organization where your work contributes to a greater purpose.

Position Overview:

Are you looking to be part of a technology team beyond the ordinary? A place full of exciting challenges and the engineers up to solving them? Then welcome to Financial Engineering!

 

This is the place where the financial models become software products, where many of the numbers that drive our business decisions are produced. Our systems are used for interest rate and credit risk management, investment analysis and trading, security issuance, automated loan underwriting, distressed loan decisions, economic and regulatory capital, property valuation, financial reporting, economic and GAAP forecasting, and more! If you have finance and/or technology background, experience with critical applications, and thrive on ensuring operational excellence, apply for a Financial Model Development Professional position in the Financial Engineering team.

Our Impact:

The Investments and Capital Markets (I&CM) division is responsible for management of the retained portfolio as well as Freddie Mac's debt funding, liquidity management and interest-rate hedging. The division is also responsible for I&CM securitization.

 

This role supports Freddie Mac’s Counterparty Credit Risk Management activities by delivering scalable, fault-tolerant, and well-governed quantitative models for valuation, risk management, and financial capital forecasting.

 

Your Impact:

• Monitor System’s Execution in Production

• Use automated and other tools to detect any problems in the operational environment.

• Proactively connect with technology and business to resolve operational problems.

• Implement automation requirements and other technical enhancements.

• First-line Requirements Validation

• Actively seek opportunities to continuously improve the quality of systems and processes.

• Promote industry-leading design practices for mission-critical applications.

• Analysis and Communication

• Perform designed or ad-hoc analysis in a constantly evolving and moving environment to support capital markets trading desks.

• Clearly craft and articulate messages (both written and verbal) related to Finance and Technology to a broad range of audiences

• Seek and design ways to automate tasks; ideally using Python or other programming languages

Qualifications:

• 2-4 years of relevant experience

• Bachelor's Degree in Computer Science or similar discipline

• 2+ years of experience with analytical tools: SQL, Python, Excel, and similar

• Strong understanding of Fixed Income markets and/or proficiency in Financial Analytics

• Experience in working with and/or supporting mission-critical applications

Keys to Success in this Role:

• Be a good team player with positive mindset.

• Excellent communication and social skills working in a collaborative team and interacting with business customers.

• Bringing an analytical and imaginative attitude to work every day.

• Steadfast attention to business and technical details.

• Passion to ensure customer happiness and improve processes.

Current Freddie Mac employees please apply through the internal career site.

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.

A safe and secure environment is critical to Freddie Mac’s business. This includes employee commitment to our acceptable use policy, applying a vigilance-first approach to work, supporting regulatory mandates, and using best practices to protect Freddie Mac from potential threats and risk. Employees exercise this responsibility by executing against policies and procedures and adhering to privacy & security obligations as required via training programs.

CA Applicants:  Qualified applications with arrest or conviction records will be considered for employment in accordance with the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act.

Notice to External Search Firms: Freddie Mac partners with BountyJobs for contingency search business through outside firms. Resumes received outside the BountyJobs system will be considered unsolicited and Freddie Mac will not be obligated to pay a placement fee. If interested in learning more, please visit www.BountyJobs.com and register with our referral code: MAC.

Time-type:Full time

FLSA Status:Non-Exempt

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 $109,000 - $163,000 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.