Fannie Mae · 11 hours ago
Model Risk Management Lead Associate – Counterparty Risk
Reston, VA
Full-time
Hybrid
Mid, Senior Level
$141K/yr - $184K/yr
4+ years expFannie Mae is foundational to housing finance, and they are seeking a Model Risk Management Lead Associate – Counterparty Risk to conduct theoretical and empirical research in mortgage finance. The role involves producing model validation reports, assessing model performance, and mentoring team members.
Financial Services
Responsibilities
Produce model validation reports, and initial/ongoing assessments of models, evaluating performance-in-use and whether changes in the environment are creating increased model risk that needs to be mitigated
Apply advanced skill, knowledge, and/or experience to complete model validation projects aligned with established company policies and industry-wide modeling practices
Contribute to developing 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
Communicate technical subject matter clearly and concisely to department leadership and teams
Qualification
Required
4 years in model development or validation
Ability to program using R and Python
Skilled in technical writing
Bachelor degree or equivalent
Fast-learning, building on a strong foundation of knowledge to continuously learn new techniques for building and managing model risks well
Preferred
Advanced degree (Ph.D. or Masters) in a quantitative field such as Computer Science, Statistics, Biostatistics, Economics (with an Econometrics emphasis), Applied Finance, or Applied Mathematics
Knowledge of risk management governance (lines of defense)
Counterparty risk experience
Proficiency in the mathematical, statistical, and computer science techniques used in model development
Ability to understand business contexts which create a need for models to support operations, often embedded within software applications used in business processes
Communicating technical subject matter clearly and concisely, both verbally and through well-written communications including Assessment Reviews and Validation Report
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
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2025-10-07
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