Senior Financial Economist

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 Administrations 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 nations housing recovery.

For more information about Fannie Mae and our career opportunities, please visit www.fanniemae.com

The individual in this position will work on Fannie Maes implementation of certain programs under the U.S. Department of the Treasurys ("Treasury") Making Home Affordable initiative.  U.S. citizenship or permanent residency status is required by Treasury for such individual, as is execution of a nondisclosure agreement and compliance with other Fannie Mae requirements per Treasurys guidelines.

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.

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 or monitor periodic reports used to ensure accurate model fee reporting, compliance with the Credit Pricing Delegation and pricing model usage policies, and appropriate mapping of data for pricing purposes.

Facilitate model updates by writing technical requirements for new or revised pricing methodologies, assessing impact of changes, and reviewing results. Validate user-defined configuration files used to model unique credit enhancement structures.

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.

Lead team responsible for development of models to predict changing rent or property values that serve as inputs into credit pricing, economic capital, and loss forecasting models.

Analyze empirical price, rental, fee and other financial data that are the basis for proprietary applications used by partners or counterparties in assessing risk, rating credit, or other functions.

Qualifications

EDUCATION

* Master, PhD or Other Advanced Degree - preferred

MINIMUM EXPERIENCE

7 years of related experience

SPECIALIZED KNOWLEDGE & SKILLS

? Modeling: Expert skills in standard least squares, logistic, and survival models; Expert in SAS;

? Data: Understand data sources deeply and thoroughly, including all sources of intrinsic bias; Capable in the management of extremely large data sets; Expert-level mastery of all standard data handling techniques such as outlier handling, missing value handling;

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.

Manager Level -Associate

Job Economics & Analytics

Primary Location DC-Washington

Organization Business Analysis & Decisions

Schedule Full-time

Job Type Standard

Shift Day Job

Employee Status Regular

Relocation Available No

Experience Level 2-Mid Level (4-7 Years)

Please refer to job code 190220 when responding to this ad.

Category:	Accounting/Banking/Finance/Insurance
	> Other Finance
Location:	Washington, DC
County:	District Of Columbia County
ZIP Code:	20001
Pay Rate:	Open
Job Terms:	full time
Company:	Fannie Mae
Phone:	email only please
Fax:	email only please