Fannie Mae

Enterprise Analytics and Modeling - Quantitative Modeling - Senior Manager

Fannie Mae$175K — $239K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • 6+ years of experience in quantitative modeling and mortgage analytics
  • Strong foundation in statistical modeling techniques such as backtesting and stress testing
  • Proven track record in managing the entire model lifecycle
  • Experience in leading cross-functional projects involving various stakeholders
  • Excellent communication skills for bridging technical and non-technical audiences
  • Proficiency in Python for developing analytical solutions
  • Adaptability in learning and applying new technologies, including AI.

Responsibilities

  • Lead a team in research and development of mortgage risk models
  • Conduct detailed analysis on mortgage prepayment across various borrower segments
  • Translate quantitative model findings into practical business insights for stakeholders
  • Oversee the model lifecycle, ensuring compliance with validation and audit processes
  • Interpret model results to inform risk assessments and performance monitoring
  • Drive modernization efforts through advanced analytical frameworks and automation
  • Mentor team members for effective communication of technical topics.

Benefits

  • Comprehensive health, life, and lifestyle benefits
  • Incentive program participation opportunity
  • Support for physical, mental, and financial well-being
  • Flexible work environment with hybrid options
  • Professional development and learning opportunities.
Full Job Description


Job Description

As a valued leader on our team, you will lead quantitative research, model development, and analytical support for models used in agency mortgage-backed securities valuation, risk management, and capital markets decision-making.

This role will manage complex modeling initiatives across the model lifecycle, from research and model design through implementation, performance monitoring, validation, and production support. The manager will partner closely with Capital Markets, Market Risk, Model Risk Management, Validation, Technology, and model users to ensure that models are analytically sound, operationally reliable, and responsive to evolving business needs.

Additionally, you will collaborate with department leadership to develop the strategic plan for the function or related business process.

THE IMPACT YOU WILL MAKE

The Modeling and Analytics - Quantitative Modeling - Senior Manager role will offer you the flexibility to make each day your own, while working alongside people who care so that you can deliver on the following responsibilities:
  • Lead a team responsible for the research, development, calibration, implementation, and ongoing monitoring of mortgage prepayment, valuation, and market-risk models.
  • Direct Agency MBS prepayment-model research across mortgage products and borrower segments, including analysis of refinancing behavior, loan characteristics, and changing market dynamics.
  • Translate model outputs and complex quantitative findings into actionable insights for Capital Markets, Market Risk, trading, portfolio-management, and senior leadership stakeholders.
  • Manage the model lifecycle in collaboration with Model Risk Management and Validation, including development planning, documentation, performance monitoring, effective challenge, remediation, and resolution of validation or audit findings.
  • Apply understanding of relevant business context to interpret model results, monitor performance, and assess risks.
  • Drive model modernization through advancing analytical frameworks, AI-enabled automation and workflows, enhanced on-demand analytical capabilities, while enabling timely and effective responses to evolving model user needs.
  • Coach team members to communicate technical subject matter clearly and concisely.


THE EXPERIENCE YOU BRING TO THE TEAM

Minimum Required Experiences:
  • 6 years of experience in quantitative modeling, model development, mortgage analytics, fixed-income analytics
  • Strong understanding of statistical modeling, model calibration, backtesting, benchmarking, sensitivity analysis, scenario analysis, and stress testing.
  • Experience supporting models throughout the development, implementation, validation, production, and performance-monitoring lifecycle.
  • Demonstrated experience leading complex quantitative projects and coordinating work across multiple business, risk, validation, and technology stakeholders.
  • Strong written and verbal communication skills, including the ability to explain technical concepts to both quantitative and nontechnical audiences.
  • Advanced programming skills, particularly in Python, with the ability to develop scalable analytical solutions.
  • Shows curiosity and adaptability in learning and responsibly applying new technologies, including artificial intelligence, to reimagine how we work.


Desired Experiences:
  • Bachelor degree or equivalent. Master's degree in mathematics, statistics, financial engineering, economics, quantitative finance, or a related quantitative discipline preferred.
  • Expertise in agency MBS, mortgage prepayment modeling, fixed-income valuation, interest-rate risk, or mortgage cash-flow analytics.
  • Knowledge of fixed-rate, adjustable-rate, FHA/VA, reperforming, or nonperforming mortgage products.
  • Prior experience in secondary mortgage market and/or capital market trading


Enterprise Modeling and Analytics - Quantitative Modeling - Senior Manager

Target Pay Range: $175,000 - $239,000 a year

#LI-Hybrid #LI-ME1

Qualifications

Education:
Bachelor's Level Degree (Required)

For most roles, employees are expected to work onsite on a regular basis at their designated office location. In-office work cadence is determined by your manager. Proximity within a reasonable commute to your designated office location is preferred unless the job is noted as open to remote.

The hiring range for this role is set forth below. Final salaries will generally vary within that range based on factors that include but are not limited to, skill set, depth of experience, certifications, and other relevant qualifications. This position is eligible to participate in a Fannie Mae incentive program (subject to the terms of the program). As part of our comprehensive benefits package, Fannie Mae offers a broad range of Health, Life, Voluntary Lifestyle, and other benefits and perks that enhance an employee's physical, mental, emotional, and financial well-being. See more here.

Requisition compensation:
175000
to
239000

About Fannie Mae

As the leading source of residential mortgage credit in the U.S. secondary market, Fannie Mae is supporting today's economic recovery and helping to build a sustainable housing finance system. They exist to provide reliable, large-scale access to affordable mortgage credit in all communities across the country at all times so people can buy, refinance, or rent homes. Fannie Mae is working to establish and implement industry standards‚ develop better tools to price and manage credit risk‚ build new infrastructure to ensure a liquid and efficient market and facilitate the collection and reporting of data for accurate financial reporting and improved risk management. Fannie Mae is committed to being their customers’ most valued business partner and delivering the products, services and tools their customers need to serve the entire market confidently, efficiently and profitably. Ultimately‚ Fannie Mae measures their progress not only by paying taxpayers and improving the housing finance system‚ but also by the difference they make in people’s lives.

Fannie Mae Careers

Join the vibrant team at Fannie Mae, where we are committed to solving the challenges of today's housing market while fostering inclusive growth and innovation. As a cornerstone of the American mortgage system, Fannie Mae offers unparalleled job opportunities that empower you to influence the future of housing finance. Work You’ll Do At Fannie Mae, you will collaborate with some of the brightest minds in the finance and technology sectors. Our mission is to ensure access to affordable housing for people across the United States, and your work here will contribute to that goal. With roles ranging from financial analysis to technology development, your career at Fannie Mae will be marked by growth, leadership, and the pursuit of excellence. Innovate and Lead Fannie Mae stands at the intersection of financial services and innovative technology solutions, making it an ideal place for those who are driven to explore new ideas and push boundaries. Our culture thrives on innovation and leadership, encouraging every team member to bring forward ideas that drive efficiency and effectiveness. Professional Growth and Development Career advancement at Fannie Mae is not just a possibility—it is an expectation. We are dedicated to the professional growth of our employees through robust training programs, leadership workshops, and continuous learning opportunities. Whether you are looking to sharpen your analytical skills, enhance your leadership capabilities, or dive deep into the housing market dynamics, Fannie Mae provides the resources to achieve your professional goals. Diversity and Inclusion At Fannie Mae, we believe that diversity fuels innovation. We are committed to fostering an inclusive environment where diverse voices are heard and valued. Through diversity training and a culture that celebrates unique perspectives, we ensure that all team members can contribute to their fullest potential. Join Our Team Explore the array of job opportunities at Fannie Mae, from internships for budding professionals to full-time positions for seasoned experts. We are hiring individuals who are passionate, curious, and eager to make a difference. Our team is looking for candidates who not only have the necessary skills but also embody our values of integrity, impartiality, and respect. Benefits and Perks Working at Fannie Mae comes with a comprehensive benefits package designed to support the health, well-being, and financial security of our employees and their families. From competitive health benefits and retirement plans to flexible working arrangements and wellness programs, we prioritize the well-being of our team members. Stay Connected Networking and staying connected are key components of building a successful career at Fannie Mae. Engage with us through various professional networking events, online communities, and social platforms to stay updated on new positions, company news, and industry trends. Apply Now Ready to take the next step in your career? Review our open positions, tailor your resume, and prepare for an interview that could set you on a path to a rewarding career at Fannie Mae. We are excited to see how your vision, skills, and enthusiasm can contribute to our team and the broader mission of affordable housing. Explore Fannie Mae Jobs Discover the exciting and impactful career paths available at Fannie Mae. Each position offers the opportunity to challenge yourself, contribute to a significant cause, and work within a culture that values innovation, leadership, and community impact. Join us in shaping the future of housing finance—apply today and be part of a team that is dedicated to making a difference.
Learn more about Fannie Mae
Size
7,400 employees
Industry
Founded
1938
NASDAQ

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