Internal Audit

3 weeks ago


Washington, United States Fannie Mae Full time

Job Description
As a valued colleague in our model risk audit team, you will participate in audit planning and execution in model risk related audits covering various areas of the mortgage finance business. You will conduct effective challenges on model risk management framework and on the effectiveness of model risk controls for enterprise-wide models covering mortgage products and securities. You will also be engaged with continuous monitoring to facilitate identification of emerging risk and risk assessment.

THE IMPACT YOU WILL MAKE The Internal Audit - Quantitative Model Risk - Senior Associate 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:  Participate in planning and execution of 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 model performance monitoring.Apply specialized technical knowledge and expertise to perform model reviews in any or more of the following areas related to mortgage finance activities: credit risk, counterparty credit risk, and interest rate risk.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 credit, interest rate or counterparty credit risk modeling.Communicate technical subject matter clearly and concisely.
Qualifications
Required Experience Bachelor’s degree in areas of Statistics, Quantitative Finance, Financial Engineering, Economics, or related quantitative discipline2+ years’ Quantitative Analytics experience in the development, validation or auditing in any or more of areas in credit, interest rate, counterparty credit risk, and / or fixed income valuation models in the financial services industryStrong analytical skills with attention to details; critical thinkingStrong written and verbal communication skillsProject management skillsBeing proficient in one programming language (e.g. R, Python, SAS, etc.)Self-motivated Desired Experience Advanced degree (Master or Ph.D.) in quantitative Finance disciplines.Professional certification, such as CFA, FRM, CIA2+ years of model risk management experience and / or auditing experience at a large financial institution or consulting firmKnowledge of mortgage finance and secondary mortgage marketKnowledge of credit risk modeling of single-family and multi-family mortgagesKnowledge of interest rate management practices
Additional Information
The future is what you make it to be. Discover compelling opportunities at careers.fanniemae.com.

Fannie Mae is an Equal Opportunity Employer, which means we are committed to fostering a diverse and inclusive workplace. All qualified applicants will receive consideration for employment without regard to race, religion, national origin, gender, gender identity, sexual orientation, personal appearance, protected veteran status, disability, age, or other legally protected status. For individuals with disabilities who would like to request an accommodation in the application process, email us at careers_mailbox@fanniemae.com.
  The hiring range for this role is set forth on each of our job postings located on Fannie Mae's Career Site. 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. PandoLogic. Keywords: Internal Auditor, Location: Washington, DC - 20402


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