Financial Economist I

Fannie Mae
Washington, DC - United States
S: Competitive

THE COMPANY

Are you interested in helping solve today's most critical housing challenges? In simplest terms, Fannie Mae serves the people who house America. We work at the heart of housing by providing reliable, affordable mortgage financing in all markets at all times, buying loans that banks and other lenders originate, so they can fund new loans. This gives more people the opportunity to buy, refinance, or rent homes and apartments. Creating these opportunities is what drives the people who work at Fannie Mae.

For more information about Fannie Mae, visit http://www.fanniemae.com/progress.

JOB INFORMATION

Apply advanced financial or economic analytical methods and models to such processes as valuation of assets, projection of pricing or risk under varying economic scenarios. Use these tools to develop and quantify risk management strategies for mortgage-based assets or their derivatives. Assess prospective economic and regulatory capital requirements for portfolio assets under varying economic conditions. Develop, or provide guidance to the development of computer applications that perform or produce various pricing, capital requirements, risk management or hedging analyses.

KEY JOB FUNCTIONS
Examine data from segment of housing market in order to perform economic analysis of purchase rates, effects of interest rates, prepayment risk, default risk, or other trends that could affect the products or services of assigned business unit(s).
Examine particular products of assigned business unit and analyze using standard econometric or quantitative models to assess risk, predict future trends.
Contribute to the preparation of periodic analyses or reports regarding operating results used by business unit management to make marketing, pricing, product management or risk management decisions over the short to midterm.
Contribute to the update and maintenance of loan default, prepayment and severity models for the update of business unit products in use in client sites for loan application, credit review, underwriting, and the like.
Perform economic capital analysis, and other financial analysis when necessary, for review by business unit management in order to support strategic or risk management decisions.
Perform ad hoc reports or analyses of various credit, asset performance, risk management or similar data as requested by business unit or client management.

Qualifications

EDUCATION
Bachelor's Degree or equivalent required

MINIMUM EXPERIENCE
1+ years of related experience

SPECIALIZED KNOWLEDGE & SKILLS
Must possess critical thinking and demonstrable analytical skills
Must have experience or high degree of interest in utilizing data and analytics to support business and risk management decisions
Must have expertise in at least one of the key data analytics and visualization tools such as SAS, R, SQL, Python, Micro Strategy or Tableau
Background and experience in statistics, economics and/or the mortgage industry; experience in the secondary mortgage market is a plus
Knowledge in the use of metrics for risk management, business decision making or financial reporting is a plus
Must have strong verbal and written communication skills
Must be a highly motivated self-starter who can effectively contribute to a team atmosphere

Job summary