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FINANCIAL ENGINEER-VALUATION OF DELINQUENT LOANS,
(Ref: 24106)
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Company:
Location:
Company Industries: |
Fannie Mae
US-DC-Washington
Financial Services |
Job Status:
Min Experience Level:
Compensation: |
Full-Time
Entry Level
Not Specified |
| Posted: |
Wednesday, September 30, 2009 |
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, visit www.fanniemae.com
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.
- 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 ad hoc analyses as needed and assist managers of specific product lines with analytical, valuation, or pricing projects. Collaborate with teams planning or structuring transactions to assist in credit analysis and pricing.
- Perform loss forecast analysis and reporting; perform ongoing ad hoc model development and analysis fro specific clients needing high level quantitative analysis of credit risk, product valuation, asset analysis, and the like.
- Required: Bachelor's or Master's degree in Finance, Mathematics, Statistics, Economics
- 2 years of experience using high level quantitative tools and methods on analysis, pricing, or risk assessment of financial instruments.
Specialized Knowledge & Skills
- Experience with valuation of delinquent loans; Must have experience with mortgage products and credit
- Solid understanding of pricing REO loans
- Experience analyzing and summarizing large amounts of data
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.
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