Quantitative Model Audit Lead

Fannie Mae

Reston, DC, US
Base: $138,000 - $180,000 annually; bonus/equity: ...
Hybrid
Master's degree in quantitative discipline
4+ years experience in quantitative analytics
Expertise in market risk modeling
Fannie Mae is seeking a Quantitative Model Audit Lead to join their Internal Audit team, focusing on model risk-related audits in the mortgage finance sector. The role emphasizes mentoring junior team members and requires expertise in quantitative analytics, with a strong focus on market and credit risk modeling

Job Summary

  • This role serves as a team lead supporting the planning, execution, and reporting of model risk-related audits across the mortgage finance business.
  • The position requires providing credible challenge in auditing modeling practices including evaluation of development documentation and ongoing monitoring.
  • Fannie Mae offers a comprehensive benefits package including health, life, and voluntary lifestyle perks to enhance employee well-being.

Matching Summary

Match Score: 85

Fannie Mae is seeking a Quantitative Model Audit Lead to join their Internal Audit team, focusing on model risk-related audits in the mortgage finance sector. The role emphasizes mentoring junior team members and requires expertise in quantitative analytics, with a strong focus on market and credit risk modeling.

Salary

Base: $138,000 - $180,000 annually; Bonus/Equity: Eligible for incentive program; Benefits: Comprehensive health, life, and lifestyle perks included

Skills & Requirements

Must-have

  • Master's degree in quantitative discipline
  • 4+ years experience in quantitative analytics
  • Expertise in market risk modeling
  • Proficiency in Python or R programming
  • Strong project management capabilities

Nice-to-have

  • Ph.D. in quantitative Finance disciplines
  • Professional certification like FRM or CFA
  • Knowledge of AI/ML modeling validation
  • Experience with single-family mortgage risk
  • Internal Audit experience at large financial institution

Key Requirements

  • Master's degree required in Statistics, Quantitative Finance, or related field
  • Minimum 4 years of experience in model development, validation, or auditing
  • Must have proficiency in Python, R, or similar programming languages
  • Understanding of SR 11-7 regulatory guidance and model risk policy

Work Rights

Not specified

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