Financial Engineer IV
Company Name:
Fannie Mae Corp
Financial Engineer IV THE COMPANY Fannie Mae exists to expand affordable housing and bring global capital to local communities in order to serve the U.S. housing market. Today, our focus is on preventing foreclosures, making mortgages and rental housing as affordable as possible, and supporting the housing recovery. We are rapidly building and realigning our company to better serve the market as we support the Administration's Homeowner Affordability and Stability Plan. Join our dedicated, diverse, high-performing workforce and put your unique talents to good use as we work with our partners to advance our nation's housing recovery. For more information about Fannie Mae and our career opportunities, visit . JOB INFORMATION Use advanced mathematical, analytical, or econometric tools to create algorithms that will be used in analytical or product development processes. Using these tools, develop or refine
computer
applications that provide deeper analysis of prospective asset performance, asset pricing, new asset
classes
, or information needed to measure or hedge risk. Provide ongoing analysis of new products or asset classes, and suggest program modifications as necessary. May test applications for accuracy and functionality before putting them into service. KEY JOB FUNCTIONS Confer with product managers, marketing staff, capital market staff, or business unit
management
to determine analytical or product-related needs regarding product, investment instrument, market activity, or complex transaction to be analyzed. Use one or more analytical tools from a suite of mathematical/application tools to perform appropriate analysis on specified product, transaction, market activity, or investment vehicle that has multiple variables affecting potential outcomes. Report in quantitative manner on parameters of proposed purchase, sale, marketing action, structure of transaction or market activity, or risk factors and the degree to which they could affect outcomes. Participate with product management, treasury, or capital markets staff in exercises to value derivatives or other complex products, or to revise models used to perform these valuations. Perform loss forecast analysis and reporting; perform ongoing ad hoc model development and analysis for specific clients needing high level quantitative analysis of credit risk, product valuation, asset analysis, and the like. Design test cases and test applications for
systems
used for a variety of analytical, pricing, risk management or credit pricing to ensure the business needs are met and analytics are correctly implemented. Redefine and implement the components of new risk indicators. Consult with the business owners, design and implement an interface to record key indicators, research industry best
practices
of analyzing and reporting key performance indicators. Provide technical guidance or consultation to less senior staff. Serve as technical lead on projects to develop more accurate or refined analytical applications used in pricing, valuation, risk assessment, and the like. EDUCATION Bachelor's Degree or equivalent required MINIMUM EXPERIENCE 6 years of related experience SPECIALIZED KNOWLEDGE and SKILLS Ability to play a Business to Technology liaison role. Partner with business teams (Capital Markets, Market Risk, Pricing, etc) to produce business requirements and use case documents. Reside within the technology organization to then convert the business requirements to solution/technical specifications that can be coded and tested to. Knowledge of Capital Markets, Secondary Mortgage Market, MBS Securitization, Loan life cycle, trade life cycle and market risk management metrics is required. CFA, FRM or equivalent certification is a plus. Strong SQL skills to be able to navigate and analyze large amounts of data. Strong excel or other utility tool expertise to develop prototypes, examples, use cases, etc. Familiarity with SDLC, attention to details and ability to multitask between complex assignments. Experience with using BI tools like MicroStrategy, Tableu, BusinessObjects a plus. Strong understanding of application software technology - should be excited about problem solving using software technology. Good documentation skills to communicate requirements, impact analysis of changes in upstream systems, analysis notes for management to help decision making. Good oral communication skills to represent team in broader meetings, to communicate complex issues in clear and simple terms to team and management, ability to speak the language of the listener - business analysts, developers, testers, senior management, etc. Ability to break down solutions to complex business problems into simple steps that can be coded to and maintainable in the long run. EMPLOYMENT As a condition of employment with Fannie Mae, any successful job applicant will be required to pass a pre-employment drug screen and to successfully complete a background investigation, which may also include a credit check for positions in some areas of our business. Fannie Mae is an Equal Opportunity Employer. or the clients Redefine value to BACH_a33d1a BETS_ARC_Setter asset market MYK62683JREstimated Salary: $20 to $28 per hour based on qualifications.
Fannie Mae Corp
Financial Engineer IV THE COMPANY Fannie Mae exists to expand affordable housing and bring global capital to local communities in order to serve the U.S. housing market. Today, our focus is on preventing foreclosures, making mortgages and rental housing as affordable as possible, and supporting the housing recovery. We are rapidly building and realigning our company to better serve the market as we support the Administration's Homeowner Affordability and Stability Plan. Join our dedicated, diverse, high-performing workforce and put your unique talents to good use as we work with our partners to advance our nation's housing recovery. For more information about Fannie Mae and our career opportunities, visit . JOB INFORMATION Use advanced mathematical, analytical, or econometric tools to create algorithms that will be used in analytical or product development processes. Using these tools, develop or refine
computer
applications that provide deeper analysis of prospective asset performance, asset pricing, new asset
classes
, or information needed to measure or hedge risk. Provide ongoing analysis of new products or asset classes, and suggest program modifications as necessary. May test applications for accuracy and functionality before putting them into service. KEY JOB FUNCTIONS Confer with product managers, marketing staff, capital market staff, or business unit
management
to determine analytical or product-related needs regarding product, investment instrument, market activity, or complex transaction to be analyzed. Use one or more analytical tools from a suite of mathematical/application tools to perform appropriate analysis on specified product, transaction, market activity, or investment vehicle that has multiple variables affecting potential outcomes. Report in quantitative manner on parameters of proposed purchase, sale, marketing action, structure of transaction or market activity, or risk factors and the degree to which they could affect outcomes. Participate with product management, treasury, or capital markets staff in exercises to value derivatives or other complex products, or to revise models used to perform these valuations. Perform loss forecast analysis and reporting; perform ongoing ad hoc model development and analysis for specific clients needing high level quantitative analysis of credit risk, product valuation, asset analysis, and the like. Design test cases and test applications for
systems
used for a variety of analytical, pricing, risk management or credit pricing to ensure the business needs are met and analytics are correctly implemented. Redefine and implement the components of new risk indicators. Consult with the business owners, design and implement an interface to record key indicators, research industry best
practices
of analyzing and reporting key performance indicators. Provide technical guidance or consultation to less senior staff. Serve as technical lead on projects to develop more accurate or refined analytical applications used in pricing, valuation, risk assessment, and the like. EDUCATION Bachelor's Degree or equivalent required MINIMUM EXPERIENCE 6 years of related experience SPECIALIZED KNOWLEDGE and SKILLS Ability to play a Business to Technology liaison role. Partner with business teams (Capital Markets, Market Risk, Pricing, etc) to produce business requirements and use case documents. Reside within the technology organization to then convert the business requirements to solution/technical specifications that can be coded and tested to. Knowledge of Capital Markets, Secondary Mortgage Market, MBS Securitization, Loan life cycle, trade life cycle and market risk management metrics is required. CFA, FRM or equivalent certification is a plus. Strong SQL skills to be able to navigate and analyze large amounts of data. Strong excel or other utility tool expertise to develop prototypes, examples, use cases, etc. Familiarity with SDLC, attention to details and ability to multitask between complex assignments. Experience with using BI tools like MicroStrategy, Tableu, BusinessObjects a plus. Strong understanding of application software technology - should be excited about problem solving using software technology. Good documentation skills to communicate requirements, impact analysis of changes in upstream systems, analysis notes for management to help decision making. Good oral communication skills to represent team in broader meetings, to communicate complex issues in clear and simple terms to team and management, ability to speak the language of the listener - business analysts, developers, testers, senior management, etc. Ability to break down solutions to complex business problems into simple steps that can be coded to and maintainable in the long run. EMPLOYMENT As a condition of employment with Fannie Mae, any successful job applicant will be required to pass a pre-employment drug screen and to successfully complete a background investigation, which may also include a credit check for positions in some areas of our business. Fannie Mae is an Equal Opportunity Employer. or the clients Redefine value to BACH_a33d1a BETS_ARC_Setter asset market MYK62683JREstimated Salary: $20 to $28 per hour based on qualifications.
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