Quantitative Analytics Manager/Model Validation Manager

Freddie Mac
McLean, VA
Oct 02, 2017
Oct 30, 2017
Analyst, Management
Full Time
Position Overview
Freddie Mac’s Enterprise Risk Management Division is currently seeking a Model Validation Manager to perform all tasks related to model validation to evaluate and manage model risks associated with company’s models. The objective of the role is to create and execute a complete model validation within the Enterprise Model Risk group with the purpose of enhancing a consistent model review process. Responsibilities include:
* Conduct technical validation of the Freddie models – newly developed or existing models including any changes to existing models or model uses including writing a detail independent model validation report.
* Assess model risks by performing detailed model validation reviews, evaluating performance thresholds, researching model approaches, creating alternative challenger/benchmark models.
* Report findings to model owners and management, and ensure those findings are addressed appropriately and in a timely manner.
* Ensure model developers follow sound model development practices throughout the lifecycle of a model as laid out in Freddie’s Model Risk Standards
* Develop and foster an effective challenge environment within the validation team.
* Make expert recommendations to Lead Directors.
* Working with model developers and users to manage model risks
* Work with Model Controls to ensure model risk tool is updated
* Acts as an advisor to subordinates to meet schedules and/or resolve technical problems. Often must lead a cooperative effort among members of a project team.
* Monitoring and reporting on model performance
* Provide assessments of model risks
* Follow Model governance requirements and monitor compliance with model governance requirements.

Basic Requirements
* 3-5 years of experience in model development or model management in areas such as credit risk, interest rate, mortgage and derivative valuation models
* Strong organizational skills and ability to influence peers and seniors
* Exceptional quantitative, empirical analysis, and research skills
* Comfortable working as an individual contributor or in group environment
* PhD or Masters in Finance, Economics, Statistics, Quantitative Finance, or a related quantitative field such as Physics, Mathematics, Engineering or OR.
* Programming skills in one or more of SAS, R, C, C++, Python, MATLAB or related languages

Preferred Skills
* Strong statistical/econometric modeling skills
* Experience developing and/or validating models used in the real estate industry particularly home price estimation
* Strong verbal and written communication skills
* Strong analytical skills with orientation to detail
* Experience with mortgage analytics

Closing Statement
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. Freddie Mac is an equal opportunity and top diversity employer. EOE, M/F/D/V.

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