Freddie Mac

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:

Are you a hard-working, curious, self-motivated professional with a passion for housing and capital markets? If so, Freddie Mac might be the employer for you! We are looking for a Quantitative Analyst to join the Market Risk team.

Our group resides in the Enterprise Risk Management division and oversees the firm’s exposure to macroeconomic factors including interest rates, volatility, and spread as they impact Freddie Mac’s core business processes spanning the Single Family and Multifamily business divisions i.e., loan acquisition and securitization, retained loans and securities, and new mortgage-related innovations.

We are tasked with understanding, evaluating, and challenging the status-quo to ensure Freddie Mac identifies and manages the risks inherent in the ever-evolving mortgage market landscape. The hired candidate will learn how the secondary mortgage markets work through regular interactions with Cash Window and Multifamily business leaders, focusing on market dynamics, business drivers, and strategies addressing profitability and risk, as well as learning about our funding and hedging strategies.

Our Impact:

• Collaborate with business leaders to establish risk appetite metrics and limits
• Regularly review, assess, and report on market risk capital position
• Perform deep-dives into key business processes to surface assumptions, risks, and identify improvements
• Assess and challenge new innovations, identify risks and shape mitigations
• Review and report our daily market risk exposure against board limits
• Understand business process, risk identification, control design and execution

Your Impact:

• Execute, analyze, and share reporting attributing risk changes, performance of retained securities, spread risk capital, etc.
• Develop new analytics to highlight relationships and trends across Freddie Mac’s holdings, including delinquent and re-performing loans
• Assess scenario analysis related to capital and stress loss
• Facilitate risk discussions with risk-taking business areas and finance teams
• Manage technology infrastructure including databases, reporting platform (i.e., SQL, Tableau, WDesk), and analytic process using Python

Qualifications:

• Doctorate degree (or Master's degree with equivalent work experience) in quantitative finance, statistics or a related quantitative field.
• Coursework or work experience applying predictive modeling techniques from finance, statistics, mathematics, data science, and computer programming to large data sets. Qualifying coursework may include—but is not limited to—statistics, mathematical programming, optimization, machine learning, computational methods, design and analysis of algorithms, Bayesian methods, derivatives, and Monte Carlo methods/modeling.
• Coursework or work experience writing statistical and/or optimization programs to develop models and algorithms. Programming languages may include—but are not limited to—Python, R, SQL, Java, SAS, and MATLAB.
• Proficiency with Excel, Python, and SQL
• Fixed Income or Financial Services experience is preferred.

Keys to Success in this Role:

• Curiosity and desire to learn the intricacies of the Single Family and Multifamily mortgage markets i.e., what is a prepayment, why does it happen, and how does it impact risk
• Ability to challenge ideas not people, developing your skills and expertise such that business owners seek and value your feedback
• Strong verbal and written communication skills
• Analytical problem solver who readily consumes and transforms data to support decision making

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.

Notice to External Search Firms: Freddie Mac partners with BountyJobs for contingency search business through outside firms. Resumes received outside the BountyJobs system will be considered unsolicited and Freddie Mac will not be obligated to pay a placement fee. If interested in learning more, please visit www.BountyJobs.com and register with our referral code: MAC.

Time-type:Full time

FLSA Status:Exempt

Freddie Mac offers a comprehensive total rewards package to include competitive compensation and market-leading benefit programs. Information on these benefit programs is available on our Careers site.

This position has an annualized market-based salary range of $118,000 - $178,000 and is eligible to participate in the annual incentive program. The final salary offered will generally fall within this range and is dependent on various factors including but not limited to the responsibilities of the position, experience, skill set, internal pay equity and other relevant qualifications of the applicant.