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Model Risk

1 month ago

Chicago, Illinois, United States Freddie Mac Full time
Job Title: Model Risk & Controls Quantitative Technical Lead

At Freddie Mac, you will have the opportunity to work on critical projects that impact the housing finance system, making a meaningful difference in the lives of others.

Job Summary:

The Model Risk & Controls Quantitative Technical Lead will serve as a technical expert for model and data risk assessment and controls testing. This role will help design and implement procedures to analyze and evaluate governance over model use, model development, and model risk oversight.

Key Responsibilities:
  • Evaluate risk associated with the division's models, including models of credit, collateral, decisioning, and house price.
  • Demonstrate thought leadership and critical thinking/effective challenge over quantitative aspects of the models being evaluated.
  • Work with SFA model owners, developers, and data engineering on Significant Model Input governance, ongoing monitoring, and testing responsibilities.
  • Critically review audit work-papers from internal and consultant teams.
  • Identify and refine potential issues, when applicable.
  • Clearly communicate technical issues to a technical and non-technical audience, including Sr. Managers, Directors, Officers, and leadership.
Qualifications:
  • Doctorate degree (or Master's degree with equivalent work experience) in Statistics, Economics, Quantitative Finance, Data Science, or a related quantitative field.
  • 5+ years of relevant experience applying predictive modeling techniques or data analytics to large datasets.
  • 3+ years of relevant experience on leading model development, model review, or fair lending projects.
What We Offer:

Freddie Mac offers a comprehensive total rewards package, including competitive compensation and market-leading benefit programs. This position has an annualized market-based salary range of $143,000 - $215,000 and is eligible to participate in the annual incentive program.