Fannie Mae · 4 hours ago

Model Validator Lead Associate - (Open to Remote)

Washington, DC

Full-time

Remote

Mid Level

4+ years exp

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Comp. & Benefits

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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

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Model validationProgrammingPython programmingSASSQLTechnical writingQuantitative analysisRisk management governanceStatistical techniquesMathematical techniquesBusiness context understanding

Required

Bachelor's degree in a quantitative field

4 years in model development or validation in the financial industry

Ability to program using R and Python

Skills in technical writing

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

Fast-learning, building on a strong foundation of knowledge to continuously learn new techniques for building and managing model risks well

Communicating technical subject matter clearly and concisely, both verbally and through well-written communications including Assessment Reviews and Validation Reports

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

Experience in SAS or SQL

Knowledge of risk management governance (lines of defense)