Fannie Mae provides reliable, large-scale access to affordable mortgage credit in communities across our nation. We are the leading source of funding for housing in America, which means more people can buy or rent a home. We are focused on sustaining the housing recovery, improving our company, and leading change to make housing better.
Join our diverse, high-performing team and make a difference as we work together to enable access to a good home.
For more information about Fannie Mae, visit http://www.fanniemae.com/progress.
JOB INFORMATION
Apply advanced financial or economic analytical methods and models to such processes as prepayment analysis, valuation of assets, or risk under varying economic scenarios. Use these tools to develop and quantify risk management strategies for mortgage-based assets or their derivatives. Assess prospective economic and regulatory capital requirements for portfolio assets under varying economic conditions. Develop, or provide guidance to the development of computer applications that perform or produce various pricing, capital requirements, risk management or hedging analyses.
KEY JOB FUNCTIONS
- Examine mortgage performance data to analyze prepayment risk, default risk, or other trends that could affect the TBA market.
- Identify segments of loans which prepay differently from their cohort and attribute the reasons for performance divergence
- Examine particular products of assigned business unit and analyze using standard and some sophisticated econometric or quantitative models to assess risk, predict future trends, and determine the efficacy of current analytical standards or models.
- Prepare or monitor periodic reports used to ensure accurate prepayment tracking.
- Perform economic capital as well as regulatory capital analysis, and other financial analysis as needed by business unit management or senior management in order to support strategic, regulatory, or risk management decisions.
EDUCATION
- Bachelor's Degree or equivalent required
MINIMUM EXPERIENCE
- 6+ years of related experience
SPECIALIZED KNOWLEDGE & SKILLS
- Deep understanding of mortgage prepayments as well as TBA market is required.
- Expert in one or more of the following: SAS, R, Python, SQL, or other programming languages.
- Expert with data visualization platforms such as Tableau, R Shiny, and Excel.
- Deep subject matter knowledge in relevant industry concepts, including: Primary and Secondary mortgage markets, Capital Markets, Structured Finance, Credit Risk/Pricing Models and Valuation, Regulatory Frameworks (Basel, PMIERs, CCF, etc.).
- Knowledge of Finance, Economics, Fixed Income Mathematics, Probability, Statistical Analysis, and Financial Application Development.
- Familiarity with Bloomberg or Intex is preferred.
- Bachelor's degree in Economics, Finance, Accounting, Engineering, Math or other technical discipline, Masters preferred.
- Progress toward CFA a plus.
EMPLOYMENT
As a condition of employment with Fannie Mae, any successful job applicant will be required to successfully complete a background investigation.
Fannie Mae is an Equal Opportunity Employer.
Req ID: 55776