Job Description:
FANNIE MAE
THE COMPANY
Fannie Mae exists to expand affordable housing and bring global capital to local communities in order to serve the U.S. housing market. Today, our focus is on preventing foreclosures, making mortgages and rental housing as affordable as possible, and supporting the housing recovery. We are rapidly building and realigning our company to better serve the market as we support the Administration's Homeowner Affordability and Stability Plan.
Join our dedicated, diverse, high-performing workforce and put your unique talents to good use as we work with our partners to advance our nation's housing recovery.
For more information about Fannie Mae and our career opportunities, please visit www.fanniemae.com
JOB INFORMATION
Use advanced mathematical, analytical, or econometric tools to create algorithms that will be used in analytical or product development processes. Using these tools, develop or refine computer applications that provide deeper analysis of prospective asset performance, asset pricing, new asset classes, or information needed to measure or hedge risk. Provide ongoing analysis of new products or asset classes, and suggest program modifications as necessary. May test applications for accuracy and functionality before putting them into service.
KEY JOB FUNCTIONS
Confer with product managers, marketing staff, capital market staff, or business unit management to determine analytical or product-related needs regarding product, investment instrument, market activity, or complex transaction to be analyzed.
Use one or more analytical tools from a suite of mathematical/application tools to perform appropriate analysis on specified product, transaction, market activity, or investment vehicle that has multiple variables affecting potential outcomes.
Report in quantitative manner on parameters of proposed purchase, sale, marketing action, structure of transaction or market activity, or risk factors and the degree to which they could affect outcomes.
Participate with product management, treasury, or capital markets staff in exercises to value derivatives or other complex products, or to revise models used to perform these valuations.
Perform loss forecast analysis and reporting; perform ongoing ad hoc model development and analysis for specific clients needing high level quantitative analysis of credit risk, product valuation, asset analysis, and the like.
Design test cases and test applications for systems used for a variety of analytical, pricing, risk management or credit pricing to ensure the business needs are met and analytics are correctly implemented.
Redefine and implement the components of new risk indicators. Consult with the business owners, design and implement an interface to record key indicators, research industry best practices of analyzing and reporting key performance indicators.
Provide technical guidance or consultation to less senior staff. Serve as technical lead on projects to develop more accurate or refined analytical applications used in pricing, valuation, risk assessment, and the like.
EDUCATION Required Preferred
Level Bachelor Degree or Equivalent Master, PhD or Other Advanced Degree
Area of Study Finance, Mathematics, Statistics, Economics Finance, Mathematics, Statistics, Economics
Certifications
MINIMUM EXPERIENCE
7 years of related experience
SPECIALIZED KNOWLEDGE & SKILLS
1) The primary function of this position will be the monthly valuation of the Single Family Credit Book of Business for financial reporting. This valuation will include 1) the usage of Fannie Mae's credit valuation models, 2) the review and validation of valuation inputs and results, and, 3) the presentation of valuation results to senior management.
2) Responsible for the coordination of model changes and enhancements with Fannie Mae's internal model development business/system partners. Including the 1) development of business requirements, 2) the development and execution of User Acceptance Testing plans, and, 3) the assessment of the impact of current and future model changes on overall and individual valuation results.
3) Responsible for valuation trend and market analysis. Including the comparison of valuation results to 1) current market trends, 2) the analysis of model results based on changing market conditions, and, 3) the monitoring of market trends for potential future model changes or enhancements.
4) The development of effective business and working relationships with key counterparts. Including individuals within Fannie Mae's 1) model development teams, 2) mortgage data teams, and, 3) down stream accounting consumers.
5) Insure the Company's policies and procedures for valuations used in financial reporting are followed. Including 1) creation of required monthly SOX documentation and valuation analysis, 2) creation of required system business requirements and user acceptance testing summaries, and, 3) creation and updating of required procedural documentation.
EMPLOYMENT
As a condition of employment with Fannie Mae, any successful job applicant will be required to pass a pre-employment drug screen and to successfully complete a background investigation, which may also include a credit check for positions in some areas of our business.
Fannie Mae is an Equal Opportunity Employer.
http://ars2.equest.com/?response_id=1e8424b7400532f2f2b5500739e5c063 |
Add to My Saved Jobs
Print this Job