ERM Quantitative Analytics Director (ML)

At Freddie Mac, you will do important work to build a better housing finance system and you’ll be part of a team helping to make homeownership and rental housing more accessible and affordable across the nation.

Position Overview:

Responsible for the critical review and independent testing of quantitative/analytic models and in support of business, risk decisions, and financial reporting. Apply now and learn about our excellent benefits and why there’s #MoreAtFreddieMac!

Our Impact:

The team is primarily responsible for validation of market risk models

Your Impact:

Reviewing analytical methods and quantitative models for new and existing financial and mortgage products/portfolio.

Providing resolutions to an extensive range of complicated problems; solutions are innovative, thorough, and practicable

Acts as the Model Risk lead for model testing and validation

Developing validation reports based on rigorous theoretical and analytical reviews of models.

Acting as an advisor and leader for subordinates to meet schedules and/or resolve technical problems as well as developing and coordinating performance requirements.

Managing the coordination of the activities of a section or department. Often must lead joint effort among with members of different team.

Manage validation of credit decisioning models. Participate in ERM’s credit strategy review/challenge process.

Manage validation of models built using modern ML/AI techniques (Neural networks, Random Forest, and various boosting algorithms).

Qualifications:

MS in Economics, Finance, Statistics, Engineering, MBA with a concentration in Finance, Operational research, or a directly related quantitative field with at least 10 years of post-graduate work experience in quantitative analytics or modeling

Programming experience with a good level of knowledge of at least one: Matlab, STATA, Python, C++, SAS, R

Deeply knowledgeable of regression models, stochastic process modeling, Monte-Carlo simulation, Optimization and/or other econometric and statistical techniques such as survival, proportional hazards, etc.

Knowledge of AIML techniques such as neural networks, random forest, XGBoost and similar algorithms

Experience in the financial sector preferred

Ability to work across teams and with diverse organizations of modeling and risk professionals in an effective and efficient manner.

Keys to Success in this Role:

Intellectual agility and interpersonal flexibility

Strong consultation and communication skills

Ability to work with and collaborate across diverse teams and silos

Deep intellectual curiosity to explore new methods and learn new techniques outside one’s own acumen

Ability to apply analytical results to help advise on strategy and business direction

Ability to discern between observations and findings, and between what are issues of modeling opinion versus true model limitations and performance issues that present risk to the company

Superior written and verbal communication

Seek and Embrace Change – Continuously improve work processes rather than accepting the status quo

Outstanding ability to lead and influence within and beyond the ERM organization.

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

Today, Freddie Mac makes home possible for one in four home borrowers and is one of the largest sources of financing for multifamily housing. Join our smart, creative and dedicated team and you’ll do important work for the housing finance system and make a difference in the lives of others.

We are an equal opportunity employer and value diversity and inclusion at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, disability status or any other characteristic protected by applicable law. We will ensure that individuals with differing abilities 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.

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 and register with our referral code: MAC.

Time-type:Full time

FLSA 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.

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