Financial Engineer II

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

JOB INFORMATION

Reporting to the Director of Risk Analytics in the Loss Forecasting and Allowance group, this individual will be responsible for the development and maintenance of Fannie Maes SF Loss Allowance system, as well as the monthly production process, review and oversight of models for the estimation. The loss allowance estimation process is a cross functional effort that involve multiple areas, including Controllers, various SF business divisions, and the CRO organization. The Senior Financial Engineer within this role will be particularly responsible for implementing changes such as new models, and analyzing data for quality assurance and content.  Other duties include maintaining documentation and communicating results to external and internal stakeholders. Team members are required to proactively offer their own ideas for improvements to the system, the models, processes, and business applications.

KEY JOB FUNCTIONS

* Develop new functionalities and implement new models in a complex combination of SAS and shell script implementation * Develop and document detailed application specifications in a form that it can be used for coding. Run monthly/quarterly production processes in a meticulous fashion within established controls and tight deadlines. * Collaborate with peers to improve process performance and increase data accuracy. * Identify and locate areas of improvement in the allowance system to create efficiencies in handling manipulation of large data inputs and outputs * Leverage high-level analytical techniques and applications to produce data-driven reporting * Participate proactively in the design phase of the system * Devise creative approaches to solve complex data management problems * Consult on month-end analyses to summarize, reconcile, and report financial credit-related data * Confer with clients in business units regarding requirements for analysis and implementation of system changes * Confer with internal stakeholders on the delivery of financial reports and related information * Assist in the execution of UAT related to model, database, and business process system upgrades.  Will assist in the development of UAT test cases, the execution of the test cases, and the documentation of UAT testing results.  The individual will also assist in the coordination and timing of UAT testing and business system requirements * Share technical expertise with less experienced staff

Qualifications

EDUCATION              Preferred

* Masters degree in economics, statistics, mathematics, financial engineering, or computer science (or programs that require in depth quantitative analysis), or equivalent work experience.

MINIMUM EXPERIENCE

* At least 2 years experience in highly technical and quantitative field

SPECIALIZED KNOWLEDGE & SKILLS

* Expert in Base SAS and SAS macro language * Proficient in UNIX and UNIX scripting * Proficient in SQL and VBA * Familiarity with software development life cycle * Related experience using quantitative analysis on relevant financial assets * Proven ability to effectively evaluate complex data, identify trends, draw conclusions, and summarize to management. * Strong written and oral communication skills * Must have the ability to work both independently and as a team member * Ability to work in a fast-paced environment and manage well through ambiguity and complexity * Maintain focus on critical projects/objectives * Work effectively under pressure to meet deadlines * Must be able to multi-task, and have strong attention to detail * Experience in the secondary mortgage market and/or financial institution a plus * Flexibility to work additional hours on an as needed basis to meet deadlines

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 Finance

Primary Location DC-Washington

Organization Loss Forecasting & Allowance

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 188220 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