Financial Economist I

Description: 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 mid term.

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. Qualification:

EDUCATION

Bachelor’s Degree or equivalent required

Ph.D., Master’s Degree or equivalent in Finance or Financial Engineering preferred MINIMUM EXPERIENCE

1 + years of related experience SPECIALIZED KNOWLEDGE & SKILLS

Knowledge in statistics, economics and finance

Experience in SAS, Matlab, Excel or other programming language.

Deep Knowledge in statistics, economics and/or finance , mathematics

1+ years of related experience or Internship in commercial banks or other financial institutions

Preferred knowledge in fixed income valuation, economic capital and risk management

EMPLOYMENT

As a condition of employment with Fannie Mae, any successful job applicant will be required to pass a pre-employment drug screen and to successfully complete a background investigation, which may also include a credit check for positions in some areas of our business.

Fannie Mae is an Equal Opportunity Employer.