TEKsystems
Quantitative Model Developer
TEKsystems, Chicago, Illinois, United States, 60290
Position Overview:
The Model Reviewer will play a critical role in reviewing, analyzing, and validating financial models used within Fannie Mae. This position requires a strong background in model development, particularly in building complex, behavioral financial models that predict the behavior of a bank's customers. The ideal candidate will have a deep understanding of financial markets, risk management practices, and regulatory requirements.
Key Responsibilities:
Model Review:
Conduct comprehensive reviews of financial models to assess their accuracy, reliability, and compliance with regulatory standards. Focus on models related to credit and market risk. Analysis and Validation:
Perform detailed analysis and validation of models, identifying areas for improvement and implementing necessary adjustments. Ensure models are robust and fit for purpose. Academic Reviews:
Conduct "academic reviews" of internal models, providing a thorough and critical evaluation of their theoretical foundations and practical applications. Reporting:
Generate detailed reports on model performance, validation results, and risk assessments. Communicate findings to stakeholders, including senior management and regulatory bodies. Collaboration:
Work closely with cross-functional teams, including model developers, risk management, and data science, to ensure models are effectively integrated into business processes. Provide technical expertise and support to team members. Regulatory Compliance:
Stay up-to-date with regulatory requirements and industry best practices related to credit and market risk modeling. Ensure all models comply with relevant guidelines and standards. Continuous Improvement:
Continuously monitor and improve model performance. Stay informed about advancements in modeling techniques and financial risk management to incorporate best practices into model reviews. Why Join Fannie Mae? Innovative Environment:
Work with cutting-edge technology and innovative solutions in the financial industry. Professional Growth:
Opportunities for continuous learning and professional development. Collaborative Culture:
Join a team of dedicated professionals who are passionate about their work and committed to excellence. Competitive Compensation:
Attractive salary and benefits package. If you are a highly motivated individual with a strong background in model development and a passion for financial risk management, we encourage you to apply. Join us in shaping the future of financial services and making a meaningful impact on our clients and the industry.
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Conduct comprehensive reviews of financial models to assess their accuracy, reliability, and compliance with regulatory standards. Focus on models related to credit and market risk. Analysis and Validation:
Perform detailed analysis and validation of models, identifying areas for improvement and implementing necessary adjustments. Ensure models are robust and fit for purpose. Academic Reviews:
Conduct "academic reviews" of internal models, providing a thorough and critical evaluation of their theoretical foundations and practical applications. Reporting:
Generate detailed reports on model performance, validation results, and risk assessments. Communicate findings to stakeholders, including senior management and regulatory bodies. Collaboration:
Work closely with cross-functional teams, including model developers, risk management, and data science, to ensure models are effectively integrated into business processes. Provide technical expertise and support to team members. Regulatory Compliance:
Stay up-to-date with regulatory requirements and industry best practices related to credit and market risk modeling. Ensure all models comply with relevant guidelines and standards. Continuous Improvement:
Continuously monitor and improve model performance. Stay informed about advancements in modeling techniques and financial risk management to incorporate best practices into model reviews. Why Join Fannie Mae? Innovative Environment:
Work with cutting-edge technology and innovative solutions in the financial industry. Professional Growth:
Opportunities for continuous learning and professional development. Collaborative Culture:
Join a team of dedicated professionals who are passionate about their work and committed to excellence. Competitive Compensation:
Attractive salary and benefits package. If you are a highly motivated individual with a strong background in model development and a passion for financial risk management, we encourage you to apply. Join us in shaping the future of financial services and making a meaningful impact on our clients and the industry.
#J-18808-Ljbffr