Fannie Mae · 11 hours ago
Model Risk Management Senior Associate
Reston, VA
Full-time
Hybrid
Entry, Mid Level
$123K/yr - $161K/yr
2+ years expFannie Mae is foundational to housing finance, aiming to expand access to homeownership and affordable rental housing. The Model Risk Management Senior Associate will conduct research in mortgage finance and apply quantitative methods to improve business performance, while collaborating with various teams to communicate technical insights effectively.
Financial Services
Responsibilities
Experience in utilizing technology tools and open-source programming languages (Python, R, SAS, etc.) to support business or risk management processes
Utilize data mining and/or statistical techniques to develop analytic insights, sound hypotheses, and informed recommendations. Identify opportunities to apply quantitative methods to improve business performance
Implement validation or testing strategies and assessing the quality and risk of model methodologies, outputs, and processes and applying understanding of relevant business context to interpret model results, monitor performance, and assess risks
Apply experience and skill to complete modeling projects aligned with established company policies and industry-wide modeling practices
Communicate technical subject matter clearly and concisely to department leadership and teams by presenting information and/or ideas to an audience in a way that is engaging and easy to understand using graphical representation of information in the form of charts, diagrams, pictures, and dashboards with programs and tools
Work with people with different functional expertise respectfully and cooperatively to work toward a common goal
Qualification
Required
2 years in model development or validation in the financial industry
Ability to program using R and Python
Excellent written and oral communication skills in delivering complex technical information to audience with various backgrounds
Clear understanding of business operations and insights related to risk modeling
Bachelor's Level Degree (Required)
Preferred
Bachelor's degree or equivalent
Experience in SAS or SQL
Knowledge of risk management governance (lines of defense)
Benefits
Health, Life, Voluntary Lifestyle, and other benefits and perks that enhance an employee's physical, mental, emotional, and financial well-being.
Company
Fannie Mae
Fannie Mae creates opportunities for people to buy, refinance, or rent a home.
5001-10000 employees
Funding
Current Stage
Late StageLeadership Team
Franklin Raines
Retired Chairman and CEO
Priscilla Almodovar
Chief Executive Officer
Recent News
2025-10-07
2025-10-07
WSJ.com: Markets
2025-10-07
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