#JR14234
odels in production applications. Apply now and learn why there's #MoreAtFreddieMac!
Our Impact:
The team is responsible for validation of model applications to manage model implementation risk.
Your Impact:
Evaluate and provide effective challenge for implementation of models, model applications, modeling processes, model uses, and their inter relationships.
Manage validation projects in model inventory system collaboratively with model owners, baseline model validator, implementation teams, key assessors and business users.
Perform independent validation and prepare validation documentation for model implementation risks for model applications in compliance with applicable policy, standards and procedures.
Collaborate actively on identifying, communications, reporting, managing, and mitigating model implementation risks (such as model findings).
Adopt and implement industry best practices (both technical and governance related) in terms of managing and mitigating model implementation risks.
Qualifications:
PhD in a quantitative field such as Economics, Quantitative Finance, Statistics or a directly related quantitative field with at least 3 years of post-doctoral experience in mortgage valuation and statistical modeling
OR MS in Economics, Quantitative Finance, Statistics or a directly related quantitative field with at least 5 years of related post-graduate mortgage industry work experience
Keys to Success in this Role:
Exceptional quantitative and analytics skills.
Deep curiosity to learn with critical thinking.
Strong verbal and written communication skills.
Effective interpersonal skills including the ability to collaborate successfully with other team members.
Ability to work under limited direction independently to identify issues and solve problems.
Superior knowledge and understanding of model-related policies, standards and procedures, and the modeling development life cycle.
Strong knowledge of statistical models, tools and techniques, and programming skills
Current Freddie Mac employees please apply through the internal career site.
Today, Freddie Mac makes home possible for one in four home borrowers and is one of the largest sources of financing for multifamily housing. Join our smart, creative and dedicated team and you'll do important work for the housing finance system and make a difference in the lives of others.
We are an equal opportunity employer and value diversity and inclusion at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, disability status or any other characteristic protected by applicable law. We will ensure that individuals with differing abilities 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.
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 https://www.BountyJobs.com and register with our referral code: MAC.
Time-type:Full time
FLSA Status: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 $140,000 - $210,000 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.