Financial Economist II

Job Description

THE COMPANY

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 valuation of assets, projection of pricing 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.  This role primarily relates to applying these abilities to Reverse mortgages though there will be opportunities to work on performing and reperforming forward mortgages in the Fannie Mae retained portfolio.

KEY JOB FUNCTIONS

  • Examine data from segment of housing market in order to perform economic analysis of purchase rates, effects of interest rates, prepayment risk, default risk, or other trends that could affect the products or services of assigned business unit(s).
  • 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 periodic analyses or reports regarding operating results used by business unit management to make marketing, pricing, product management or risk management decisions over the short to mid term.
  • Contribute to the update and maintenance of loan default, prepayment and severity models for the update of business unit products in use in client sites for loan application, credit review, underwriting, and the like.
  • Perform economic capital analysis, and other financial analysis when necessary, for review by business unit management, corporate risk management, or senior management in order to support strategic, regulatory, or risk management decisions.
  • May collaborate with the model development team to develop, in a test or laboratory environment, improvements to analytical models used in production mode.

EDUCATION

  • Bachelor's Degree or equivalent required

MINIMUM EXPERIENCE

  • 4+ years of related experience

SPECIALIZED KNOWLEDGE & SKILLS

  • Programming skills are required, particularly R (others a plus)
  • Must have financial modeling experience
  • Must possess critical thinking and analytical skills, and have strong knowledge in statistics 
  • Ability to absorb information and data from multiple sources, apply analytical skills, and produce thoughtful and strategic recommendations for ultimate presentation to the customer 
  • Demonstrates analytical and research skills as well as the ability to conceptualize more complex issues and develop complex processes, procedures or solutions

                                     

EMPLOYMENT              

As a condition of employment with Fannie Mae, any successful job applicant will be required to pass to successfully complete a background investigation.

 

Fannie Mae is an Equal Opportunity Employer.


Req ID: 56544