Freddie Mac

Position Overview:Freddie Mac’s Enterprise Model Risk Management group is currently seeking a Quantitative Analytics Senior Director to lead the model validation group that performs effective challenge of House Price Appreciation (HPA) and market risk models that support key business and risk decisions.. Ensures conformance to internal control standards for associated model validation processes.. Effectively engages with model governance and reporting functions, as well as other model validation groups in support of model risk activities.. Directly manages model validation staff, and conducts performance reviews and ratings.. Typically has 15+ years related experience in regulated financial services institutions with focus in housing markets and structured products.

model validation

JOB DESCRIPTION At Freddie Mac, you will do important work to build a better housing finance system and you’ll be part of a team helping to make homeownership and rental housing more accessible and affordable across the nation. Position Overview:Freddie Mac’s Enterprise Model Risk Management group is currently seeking a Quantitative Analytics Senior Director to lead the model validation group that performs effective challenge of House Price Appreciation (HPA) and market risk models that support key business and risk decisions. Apply now and learn about our excellent benefits and why there’s #MoreAtFreddieMac!Our Impact:Freddie Mac is leading the U.S housing market forward by making homeownership and rental housing more accessible and affordable.Your Impact:Reviews and validates analytical methods and quantitative models related to home price appreciation, prepayment likelihood, interest rate simulations, mortgage rate prediction and other associated models that support capital markets activitiesProvides resolutions to an extensive range of complicated problems; ensures solutions are innovative, thorough, and practicalDevelops validation reports based on rigorous theoretical and analytical reviews of modelsActs as an advisor and leader for staff/direct reports to meet schedules and/or resolve technical problems as well as develops and coordinates performance requirementsManages the coordination of the team’s activities and collaborate with members from different teams.Ensures conformance to internal control standards for associated model validation processes.Effectively interacts with model developers, implementers, model users and business stakeholders to manage model validations, ensuring compliance with the Model Risk Policy and StandardParticipates and provides support in audit and regulatory engagements, including issue remediation activities related to model risk.Establishes operational objectives and work plans, and delegates assignments to staff.Effectively engages with model governance and reporting functions, as well as other model validation groups in support of model risk activities.Builds positive relationships and consensus across the lines of business on model validation matters, aligning conflicting priorities and resolving issues to achieve progress.Directly manages model validation staff, and conducts performance reviews and ratings.Promotes an environment that supports diversity, equity and inclusion.Qualifications:Graduate degree with advanced studies/degree in economics/statistics/mathematics/financial engineering or related fields preferred.Typically has 15+ years related experience in regulated financial services institutions with focus in housing markets and structured products.Keys to Success in this Role:Strong quantitative and analytical skills.Extensive experience in model development or validation.Strong technical skills in processing data and programming.Detailed knowledge of applicable regulatory guidance.Outstanding technical written and oral communication skills.Must be able to plan, coordinate and supervise work of staff and produce timely results.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.

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