Quantitative Modeling –Interest Rate Derivatives- Manager

Playing an essential role in the U.S. economy, Fannie Mae is foundational to housing finance. Here, your expertise can help fuel purpose-driven innovation that expands access to homeownership and affordable rental housing across the country. Join Fannie Mae to grow your career and help people find a place to call home.

Job Description

As a valued leader on our team, you will manage the work of a team whose staff conduct theoretical and empirical research with public and proprietary data in all areas of mortgage finance business, with a focus on financial valuation and counterparty risk of interest rate derivatives as well as hedge accounting.

THE IMPACT YOU WILL MAKE

The Quantitative Modeling –Interest Rate Derivatives- Manager role will offer you the flexibility to make each day your own, while working alongside people who care so that you can deliver on the following responsibilities:

Manage the application of mathematical, statistical, and econometric techniques to provide innovative, thorough, and practical solutions that support business strategies and initiatives.

Oversee ad hoc quantitative analyses, modeling, or programming using Python, XML, SQL, R or SAS.

Guide the effective application of data mining and/or statistical techniques to develop analytic insights, sound hypotheses, and informed recommendations, as well as identify opportunities to apply quantitative methods to improve business performance.

Ensure the team completes modeling projects aligned with established company policies and industry-wide modeling practices.

Manage the implementation of validation or testing strategies and assess the quality and risk of model methodologies, outputs, and processes.

Apply understanding of relevant business context to interpret model results, monitor performance, and assess risks.

Coach team members to communicate technical subject matter clearly and concisely.

THE EXPERIENCE YOU BRING TO THE TEAM

Minimum Required Experiences:

6 years of related industry experience

Demonstrated experience in leading a project and/or mentoring junior team members

Experienced in developing financial models and preparing interest rate and derivatives data using Python and/or SQL

Master’s degree in a highly quantitative field, such as quantitative finance/financial engineering, mathematics, statistics and physics

Shows curiosity and adaptability in learning and responsibly applying new technologies, including artificial intelligence, to reimagine how we work

Desired Experiences:

Ph.D degree in a highly quantitative field, such as quantitative finance/financial engineering, mathematics, statistics and physics

Experience in main industry analytics platforms such as YieldBook, Bloomberg and/or BlackRock

Demonstrated experience in interest rate derivatives valuation, future potential exposure (PFE) and hedge accounting

Enterprise Modeling and Analytics - Quantitative Modeling - Manager

Target Pay Range: $155,000 - $209,000 a year

#LI-Hybrid #LI-ME1

Qualifications

Education: Bachelor's Level Degree (Required)

The future is what you make it to be. Discover compelling opportunities at Fanniemae.com/careers.

For most roles, employees are expected to work onsite on a regular basis at their designated office location. In-office work cadence is determined by your manager. Proximity within a reasonable commute to your designated office location is preferred unless the job is noted as open to remote.

The hiring range for this role is set forth below. Final salaries will generally vary within that range based on factors that include but are not limited to, skill set, depth of experience, certifications, and other relevant qualifications. This position is eligible to participate in a Fannie Mae incentive program (subject to the terms of the program). As part of our comprehensive benefits package, Fannie Mae offers a broad range of Health, Life, Voluntary Lifestyle, and other benefits and perks that enhance an employee's physical, mental, emotional, and financial well-being. here.

Requisition compensation: 155000 to 209000