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Fannie Mae · 3 days ago

Quantitative Model Audit Lead

Plano, TX

Full-time

Onsite

Mid, Senior Level

$138K/yr - $180K/yr

4+ years exp

Fannie Mae is foundational to housing finance and is seeking a Quantitative Model Audit Lead to join their Internal Audit team. This role involves leading model risk-related audits, mentoring junior team members, and ensuring compliance with regulatory requirements in the mortgage finance sector.

Financial Services

Comp. & Benefits

Responsibilities

Assist with planning, executing and reporting model audit engagements and technical audit reviews of models. Provide credible challenge in auditing the modeling practices across the enterprise, including evaluation of development documentation, validation activities and ongoing monitoring

Apply specialized technical knowledge and expertise to perform model reviews in any or more of the following areas related to mortgage finance activities: market risk, credit risk, and counterparty credit risk

Serve as day-to-day project leader for audits ensuring projects are completed on time, within scope and budget. Review and finalize staff work papers and draft audit reports with Model Audit Manager / Director

Provide day-to-day project management oversight of other model Auditors (including project guidance and informal coaching). Conduct first level review of work and documentation. Communicate audit objectives; inspire and motivate team members to achieve results

Engage in continuous model risk assessments and monitoring in coverage areas

Build and maintain relationships with business partners. Provide advice and share Internal Audit knowledge with business partner managers and staff to strengthen governance, risk and control environments, as appropriate

Understand model risk regulatory requirements, supervisory guidance (e.g. SR 11-7), model risk policy and current industry practices in market, credit or counterparty credit risk modeling. Coach junior staff and conduct training across the team and division in these areas

Communicate technical subject matter clearly and concisely to department leadership and teams

Qualification

Quantitative analyticsModel developmentModel validationMarket risk analysisPythonRProject managementAnalytical skillsCoachingMulti-taskingPrioritizingCommunication skillsOrganizational skills

Required

Master's degree in Statistics, Quantitative Finance, Financial Engineering, Economics, or a related quantitative discipline

4+ years of experience in quantitative analytics, including model development, validation, or auditing in market risk areas such as: Term structure models, Mortgage rate models, Fixed income valuation models

Strong analytical and critical thinking skills with attention to detail

Excellent written and verbal communication skills

Solid project management capabilities

Proficiency in Python, R, or similar programming languages

Self-motivated and able to work independently

Bachelor's Level Degree (Required)