At Freddie Mac, our mission of Making Home Possible is what motivates us, and it’s at the core of everything we do. Since our charter in 1970, we have made home possible for more than 90 million families across the country. Join an organization where your work contributes to a greater purpose.

Position Overview:

Freddie Mac’s Enterprise Model Risk Management group is currently seeking a Quantitative Analytics Director to lead the model validation group that performs effective challenge of Investments & Capital Market (I&CM) models that support key business and risk decisions.

Our Impact:

Freddie Mac is leading the U.S housing market forward by making homeownership and rental housing more accessible and affordable.

Your Impact:

• Responsible for managing the comprehensive validation of all I&CM Models that include interest rate, mortgage rate and derivative models per applicable Freddie Mac Policy and Standards and Regulatory requirements.
• Responsible for validation and review of appropriate controls of associated model overlays, processes and applications that may include expert judgment or qualitative factors.
• Recommend, as appropriate, the approval or disapproval of models, overlays, processes, and applications, including issuance of findings, tied to weaknesses as determined by independent effective challenge.
• Ensure conformance to internal control standards for associated model validation processes.
• Effectively interact with model developers, implementers and users, business stakeholders, and governance committees to manage model validations, including operational management of associated model risk processes, and ensure compliance with Model Risk Policy and Standards.
• Participate and support in audit and regulatory engagements, including issue remediation activities related to model risk.
• Conduct ongoing monitoring validation activities to support conformance to appropriate risk appetite and KRI metrics.
• Establish operational objectives and work plans and delegate assignments to staff.
• Effectively engage with model governance and reporting functions, and other model validation groups, and support model risk activities.
• Build strong relationships and consensus across the lines of defense on model validation matters, aligning conflicting priorities and resolving issues to achieve progress.
• Directly manage model validation staff and conduct performance reviews and ratings.
• Promote an environment that supports diversity, equity and inclusion.

Qualifications:

• Graduate degree with advanced studies/degree in economics / statistics / mathematics / financial engineering or related fields preferred.
• 12+ years related work experience and 4+ years management experience.
• 8+ years related experience in regulated financial services institutions in modeling or model validation space with focus in capital markets, including fixed income and derivatives.

Keys to Success in this Role:

• Strong quantitative and analytical skills
• Extensive experience in model development or validation
• Strong technical skills in processing data and programming
• Thorough knowledge of applicable regulatory guidance
• Superior technical written and oral communication skills
• Must be able to plan, organize and supervise work of staff and produce timely results

Current Freddie Mac employees please apply through the internal career site.

We consider all applicants for all positions without regard to gender, race, color, religion, national origin, age, marital status, veteran status, sexual orientation, gender identity/expression, physical and mental disability, pregnancy, ethnicity, genetic information or any other protected categories under applicable federal, state or local laws. We will ensure that individuals 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.

A safe and secure environment is critical to Freddie Mac’s business. This includes employee commitment to our acceptable use policy, applying a vigilance-first approach to work, supporting regulatory mandates, and using best practices to protect Freddie Mac from potential threats and risk. Employees exercise this responsibility by executing against policies and procedures and adhering to privacy & security obligations as required via training programs.

CA Applicants: Qualified applications with arrest or conviction records will be considered for employment in accordance with the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act.

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 timeFLSA 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 $212,000 - $318,000 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.