Freddie Mac
Quantitative Analytics Professional - Internal Audit (Hybrid - 3 Days in Office
Freddie Mac, Mc Lean, Virginia, us, 22107
Explore opportunities for the next step in your career.Position Overview
The Model Audit team at Freddie Mac is currently seeking an Internal Audit Professional who has a diverse skill set to be able to perform audit testing for a variety of models, including models that use artificial intelligence and machine learning techniques. Model audits are risk-based and require in-depth knowledge of model methodology and limitations.Apply now and learn why there’s #MoreAtFreddieMac!Our Impact
The team is primarily responsible for providing model risk assurance across all material models and model processes used at Freddie Mac. Models at Freddie Mac help Make Home Possible.Your Impact
In this role, the Internal Audit Professional will be an integral part of Model Audit team and will be expected to have the following responsibilities:Performs model and artificial intelligence and machine learning (AI/ML) audits, reviews or conducts analytics, and validates model issues from internal or external sources.Comprehends the mathematics, statistics, and AI/ML techniques used for evaluating risk associated with Freddie Mac’s complex models, such as models of default, prepayment, pricing, valuation, derivatives, interest rates, stress testing and counterparties.Executes audit activities to analyze and test governance and controls over model/AI/ML data, development, conceptual soundness, implementation, performance monitoring, validations, second line oversight and the model risk framework.Documents testing results in work papers, identifies model issues, communicates model audit conclusion with Model Audit Seniors, Tech Leads, Managers, Directors, and Officers consistent with Internal Audit methodology and policies and procedures.Participates in status meetings, potential findings discussions, and team meetings, meetings with other internal audit teams, and our audit clients.Qualifications
Master’s degree in quantitative finance, economics, statistics or a related quantitative field.Coursework or work experience writing statistical and/or optimization programs to develop models and algorithms. Programming languages may include—but are not limited to—Python, R, SQL, Java, SAS, and MATLAB.Effective verbal and written communication and people skills.Critical thinker with ability to understand complex processes and willingness to ask tough questions.Willingness to learn and obtain a certification in data science or artificial intelligence.Experience with large, complex financial institutions, and/or Big 4 experience with internal/external audit is preferred.Possession or willingness to pursue certifications in Internal Audit (CIA, CPA, CISA) is preferred.Keys to Success in this Role
Critical thinking skills.Quantitative modeling skills in economics, statistics, mathematics, quantitative finance, or other quantitative fields.Proactively learns audit methodology, AI/ML techniques, model governance (which includes evaluating model policies, procedures, oversight, model risk reporting, etc.), and Freddie Mac’s business.Proactively seeks to support other team members.Developing good communication skills (verbal and written) to explain and document control or substantive testing results.Develops and maintains a trusting environment that encourages collaboration, inclusivity, and valuing all perspectives.Develops ability to deliver good quality audit workpapers within the allocated time.Today, Freddie Mac makes home possible for one in four home borrowers and is one of the largest sources of financing for multifamily housing. Join our smart, creative and dedicated team and you’ll do important work for the housing finance system and make a difference in the lives of others.We are an equal opportunity employer and value diversity and inclusion at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, disability status or any other characteristic protected by applicable law.Freddie Mac offers a comprehensive total rewards package to include competitive compensation and market-leading benefit programs. Information on these benefit programs is available on our
Careers
site.This position has an annualized market-based salary range of $97,000 - $145,000 and is eligible to participate in the annual incentive program. The final salary offered will generally fall within this range and is dependent on various factors including but not limited to the responsibilities of the position, experience, skill set, internal pay equity and other relevant qualifications of the applicant.
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The Model Audit team at Freddie Mac is currently seeking an Internal Audit Professional who has a diverse skill set to be able to perform audit testing for a variety of models, including models that use artificial intelligence and machine learning techniques. Model audits are risk-based and require in-depth knowledge of model methodology and limitations.Apply now and learn why there’s #MoreAtFreddieMac!Our Impact
The team is primarily responsible for providing model risk assurance across all material models and model processes used at Freddie Mac. Models at Freddie Mac help Make Home Possible.Your Impact
In this role, the Internal Audit Professional will be an integral part of Model Audit team and will be expected to have the following responsibilities:Performs model and artificial intelligence and machine learning (AI/ML) audits, reviews or conducts analytics, and validates model issues from internal or external sources.Comprehends the mathematics, statistics, and AI/ML techniques used for evaluating risk associated with Freddie Mac’s complex models, such as models of default, prepayment, pricing, valuation, derivatives, interest rates, stress testing and counterparties.Executes audit activities to analyze and test governance and controls over model/AI/ML data, development, conceptual soundness, implementation, performance monitoring, validations, second line oversight and the model risk framework.Documents testing results in work papers, identifies model issues, communicates model audit conclusion with Model Audit Seniors, Tech Leads, Managers, Directors, and Officers consistent with Internal Audit methodology and policies and procedures.Participates in status meetings, potential findings discussions, and team meetings, meetings with other internal audit teams, and our audit clients.Qualifications
Master’s degree in quantitative finance, economics, statistics or a related quantitative field.Coursework or work experience writing statistical and/or optimization programs to develop models and algorithms. Programming languages may include—but are not limited to—Python, R, SQL, Java, SAS, and MATLAB.Effective verbal and written communication and people skills.Critical thinker with ability to understand complex processes and willingness to ask tough questions.Willingness to learn and obtain a certification in data science or artificial intelligence.Experience with large, complex financial institutions, and/or Big 4 experience with internal/external audit is preferred.Possession or willingness to pursue certifications in Internal Audit (CIA, CPA, CISA) is preferred.Keys to Success in this Role
Critical thinking skills.Quantitative modeling skills in economics, statistics, mathematics, quantitative finance, or other quantitative fields.Proactively learns audit methodology, AI/ML techniques, model governance (which includes evaluating model policies, procedures, oversight, model risk reporting, etc.), and Freddie Mac’s business.Proactively seeks to support other team members.Developing good communication skills (verbal and written) to explain and document control or substantive testing results.Develops and maintains a trusting environment that encourages collaboration, inclusivity, and valuing all perspectives.Develops ability to deliver good quality audit workpapers within the allocated time.Today, Freddie Mac makes home possible for one in four home borrowers and is one of the largest sources of financing for multifamily housing. Join our smart, creative and dedicated team and you’ll do important work for the housing finance system and make a difference in the lives of others.We are an equal opportunity employer and value diversity and inclusion at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, disability status or any other characteristic protected by applicable law.Freddie Mac offers a comprehensive total rewards package to include competitive compensation and market-leading benefit programs. Information on these benefit programs is available on our
Careers
site.This position has an annualized market-based salary range of $97,000 - $145,000 and is eligible to participate in the annual incentive program. The final salary offered will generally fall within this range and is dependent on various factors including but not limited to the responsibilities of the position, experience, skill set, internal pay equity and other relevant qualifications of the applicant.
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