Graduate Quantitative Risk Management Intern

Freddie Mac
McLean, VA
Oct 16, 2019
Oct 30, 2019
Full Time
If you are in the process of obtaining your advanced degree, looking for an opportunity to enhance your skills in a dynamic work environment prior to graduation, and interested in a career in risk management, then Freddie Mac's Quantitative Risk Management Internship is for you.

Our internship offers you an opportunity to make meaningful contributions to the company's risk management objectives and provides exposure to a wide spectrum of risk disciplines that will allow you to build on the knowledge and quantitative skills you have acquired through your advanced studies. You will work with some of the brightest minds in the financial services industry and develop your knowledge of risk management, all while building valuable skills and making lifelong connections.

Upon successful completion of the three-month internship and your advanced degree, you may be extended an opportunity to join our Enterprise Graduate Risk Rotation program - a two-year analyst rotation program that allows you to work in different risk management areas such as Credit, Market and Model risk. Our analyst program is designed to help you build a broad skill set, develop a comprehensive foundation in risk management, and accelerate your career growth by gaining exposure to Freddie Mac's enterprise-level risk management function.

Your Work Falls into Two Primary Categories:

Project Support
As an intern, you will support short-term projects that contribute to division priorities, which may include one or more of the following activities:
  • Evaluate and monitor the portfolio against established criteria and make recommendations for maintaining current level of risk or mitigating and reducing risks
  • Develop, use and/or analyze quantitative models that assess the market, credit and/or operational risks of new and existing financial and mortgage products or portfolios
  • Monitor and analyze the organization's market risk exposure on a day-to-day and long-term basis for various financial products, monitoring trading limits and reviewing transactions over the established limits
  • Develop, validate or evaluate model input, methodology, implementation and output of models or analytic applications
  • Execute and document complex financial models
  • Provide model use risk assessments based on findings
  • Provide modeling and analytical assistance to a line of business or product area, functioning as day-to-day technical expert
  • Evaluate and manage risks associated with the company's models and/or model applications
  • Perform model validation reviews, establishing performance thresholds, researching model approaches, or creating alternative models

Professional Development
Participation in the program will support your continued professional development through access to targeted training courses and exposure to senior management. You will gain knowledge of risk management concepts in the financial industry and an understanding of critical organizational business and risk management functions, all while enhancing your own competencies, by:
  • Building critical leadership, business and analytical skills
  • Creating your personal brand and growing your internal network
  • Obtaining support and guidance from dedicated program managers, experienced rotational analysts and knowledgeable mentors
  • Participating in organized community service events to complement your professional development with personal growth


  • Enrolled in full-time graduate degree program or foreign equivalent in data science, applied mathematics, economics, physics, econometrics, finance, engineering, statistics, computer science or related quantitative discipline
  • Minimum cumulative 3.6 GPA or equivalent
  • Three to five years of professional work experience

Keys to Success in this Role
  • Execution focused, with demonstrated initiative, personal accountability and leadership
  • Strong consultation and influencing skills
  • Ability to work with and collaborate within a team and across the broader organization
  • Ability to work independently and adapt in a changing environment
  • Curiosity to learn and challenge the status quo
  • Interest or experience in financial markets, securitization, trading of financial products, or loan and security portfolio management

Top Three Personal Competencies to Possess
  • Partnership: Build trust and strong partnerships through my own and my team's actions
  • Drive for Execution: Be accountable for strong individual and team performance
  • Growth and Development: Know or learn what is needed to deliver results and successfully compete

Preferred Skills

Preferred Skills
  • Excellent oral and written communications skills
  • Strong analytical skills
  • Experience working with large data sets
  • Experience with economic and/or financial modeling, including advanced econometric/statistics estimation techniques
  • Programming experience in Python, R, or other similar software applications
  • Proficient in MS Office Suite, specifically Excel and PowerPoint
  • Experience with Microstrategy and/or Tableau

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.

The hired candidate must be legally authorized to work in the United States without restriction. Freddie Mac does not intend to support hiring any students, exchange visitors, or recent graduates on F-1, J-1, or M-1 visas, or any individuals requiring sponsorship for an employment based visa application (such as H-1B) in connection with these openings.