Quantitative Engineering Opportunities at Fannie Mae (Associate to Management Levels) – (Flexible Hybrid)

Company Description

At Fannie Mae, futures are made. The inspiring work we do helps make a home a possibility for millions of homeowners and renters. Every day offers compelling opportunities to impact the future of the housing industry while being part of an inclusive team thriving in an energizing, flexible environment. Here, you will grow your career and help create access to fair, affordable housing finance.

Job Description

Job Type: Quantitative Engineer (Associate to Management Levels)
Are you passionate about quantitative engineering, mortgage finance, business and risk analytics? Fannie Mae is expanding its talent pool for multiple Quantitative Engineering roles to work on the model application development in following areas:

• Single-Family and Multi-Family Mortgages Loan and Pool Performance Modeling

• Borrower Behavioral and Loss Severity Mitigation Modeling
• Market, Liquidity, Term Structure Interest Rate and Mortgage Rate Modeling

• Interest Rate Derivative Pricing

• Macroeconomic and Time Series Modeling

• Regional and National Home Price Forecasting

• Capital Markets & Structured Finance

• Back-end Credit Enhancement

• Enterprise Risk Management

• Stress Testing (Management Stress Test and Dodd Frank Stress Test)
• Financial Reporting (Fair Value, CECL Allowance, Revenue, Capital)

• Model Performance Monitoring and Remediation

• Model data and analytics visualization for decision making

Who We’re Looking For:

Fannie Mae is seeking talented quantitative professionals at various levels, from associate quantitative engineers to managers, to help drive data-driven and model-guided decision-making at Fannie Mae. If you are an experienced software developer and tester (preferably of modeling applications), quantitative engineer, financial and mortgage risk analyst, or data scientist, we encourage you to apply.
Key Responsibilities:
Depending on the specific team and role, responsibilities may include:

• Analyze business requirements, design solution, develop and test model application, release to production and provide operation and customer support.
• Implement and refine quantitative models to forecast macro-economic environment and mortgage loan performance, assess company financials and capital requirement, and manage enterprise risks including interest rate risk, prepayment risk, credit risk, market risk, model risk, operation risk.
• Apply sophisticated statistical and machine learning techniques to improve model coverage and performance.
• Design and conduct model user vetting including scenario analysis, sensitivity analysis, stress testing, attribution analysis, back testing, etc.
• Design and perform software development testing including unit-test, regression test, reconciliation, system integration test, shakeout, user acceptance test, etc.
• Collaborate with cross-functional teams from various business users, product and project managers, model owners and developers, model validators, internal audit, and external consultants.
• Ensure compliance of FHFA directives, Basel, Industry and Fannie Mae’s model risk policy and management standards.
• Ensure compliance of System Development Life Cycle (SDLC) standards and enterprise data policy and governance.
• Present findings and recommendations to 2nd-/3rd-Lines of Defense, senior leadership and regulators.
• Monitor and adapt to technology advancement and industry best practices in model and software development.
• (Management Level) Manage a team of quantitative engineers and oversee the E2E Model and Software Management Life Cycle to deliver production-quality software to meet business needs.

Qualifications

Qualifications:

• Education: Bachelor (must-have), Master (preferred), or Ph.D. (a plus). in Computer Science, Software Engineering, Data Science, Information Technology, Quantitative Finance, Statistics, Mathematics, or related fields.
• Technical Skills: Proficiency in a popular programming languageincluding Python, Java, R, R-Shiny, SQL, C++, Linux Shell Scripts. Software developer in Linux and Windows environments on AWS platform. EEngineering, econometrics, statistical and analytical skills. Largescale model application development.Big data analysis. .
• Soft Skills: Strong problem-solving attitude and result driven. Self-driven learner and independent thinker. Team player and leader with compassion. Proactive and efficient communication verbally and in writing with various stakeholders including business and technology partners, reviewers, peers and senior management.
• Mortgage Finance Knowledge: Experience or knowledge in single-family or multifamily mortgage models, MBS, macro-economic and financial modeling, credit default risk, or capital markets risk.
• Experience Level: Open to early-career (2yr+), mid-career (4yr+), and managerial candidates with relevant experience in quantitative and software engineering, modeling and analytics development and management.

Why Join Fannie Mae’s Talent Pool?

By joining this talent pool, you will:

• Be considered for multiple quantitative engineering roles across different Engineering teams at Fannie Mae.
• Work on high-impact projects shaping the U.S. housing finance system.
• Gain exposure to cutting-edge technologies and practices in quantitative finance, modeling and engineering.
• Enjoy career growth, mentorship, and leadership development opportunities.

Apply now to be considered for upcoming Quantitative Engineering roles at Fannie Mae!

**Please note that this invitation is NOT an active opening/positing. Applying constitutes an expression of interest in future similar active openings at Fannie Mae. A recruiter will review your qualifications and, if an active opening becomes available in the future that meets your skill set, you may be contacted. **

Additional Information

The future is what you make it to be. Discover compelling opportunities at careers.fanniemae.com.
Fannie Mae is an Equal Opportunity Employer, which means we are committed to fostering a diverse and inclusive workplace. All qualified applicants will receive consideration for employment without regard to race, religion, national origin, gender, gender identity, sexual orientation, personal appearance, protected veteran status, disability, age, or other legally protected status. For individuals with disabilities who would like to request an accommodation in the application process, email us at [email protected].

The hiring range for this role is set forth on each of our job postings located on Fannie Mae's Career Site. 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.