Fannie Mae
Pricing - Financial Engineering - Associate (Hybrid)
Fannie Mae, Washington, District of Columbia, us, 20022
Company Description
At Fannie Mae, futures are made. The inspiring work we do helps make a home a possibility for millions of homeowners and renters. Every day offers compelling opportunities to impact the future of the housing industry while being part of an inclusive team thriving in an energizing, flexible environment. Here, you will grow your career and help create access to fair, affordable housing finance.
Job Description
As a valued colleague on the Capital Markets Pricing and Valuation team, you will assist with supporting the team valuing Fannie Mae's Asset and Liability portfolios using financial industry knowledge, applying mathematical/fixed income models to business or financial data. Your efforts will enable the team to provide market valuations to internal customers, implement business initiatives, analyze or report on business performance, solve business questions, or inform business decisions. Work may include developing models or prototypes to achieve these goals but is not the core focus in the role.
THE IMPACT YOU WILL MAKE
The Pricing - Financial Engineering - Associate role will offer you the opportunity to make an impact, while working alongside people who care so that you can deliver on the following responsibilities:Work as part of a team to create cash flow models, pricing methodologies and valuation techniques to support Fannie Mae's fixed-income portfolios and new business initiativesDiscuss markets and fixed income concepts and trends with internal and external market participants, including Trade Desk, Risk Groups, and Third-party participantsExecute daily fair-value pricing for the Company's loans, securities, debt, and derivative portfolio for use by the Trade Desks, Risk Management, and Financial ReportingResearch market activity and risk factors that could affect the pricing of the portfoliosExecute pricing methodologies and strategies to ensure pricing is consistent with current market environment and reduce operational riskDocument and report on processing or analyzing large amounts of data efficiently using advanced financial engineering tools and techniques.Contribute to financial analysis or forecasting, which may include scenario or sensitivity analysis, stress testing, or attribution analysis.Participate in executing models and/or interpreting model results. Assist with translating the results from the analysis or models for the customer into understandable conclusions.Assist model builders to vet new models, suggest changes to existing models, or analyze model performance data.Perform data and systems analysis, validation, and regression testing.Qualifications
THE EXPERIENCE YOU BRING TO THE TEAM
Minimum Required Experience
1-2 year of relevant experienceDesired Experience
Bachelor's degree or equivalentFixed income market experience from a trading, portfolio management, securities valuation, or research backgroundStrong interest to pursue CFA, CPA, FRM or CTP designationBasic knowledge and understanding of MBS and financial marketsUnderstanding of fixed income analytics (DCFs, OAS, Duration/Convexity, spreads/Discount Margins)Comfortable discussing financial concepts with internal and external participantsStrong analytical skills and attention to detailExcellent written and oral communication skillsAdvanced Excel skillsExperience with Bloomberg, Intex and other valuation tools a plusExperience with SQL a plusAbility to work independently to develop market research and analytics
Expectations include meeting the needs of the team and the company, and will periodically require working long days, weekends and holidays to meet production deadlines.
Additional Information
The future is what you make it to be. Discover compelling opportunities at Fanniemae.com/careers.
Fannie Mae is primarily a hybrid company. We embrace flexibility for our employees while providing office space for in-person work and collaboration. This role is classified as hybrid. If you speak with a Recruiter, they will provide you with more information about the definition of this classification.
Fannie Mae is an Equal Opportunity Employer, which means we are committed to fostering a diverse and inclusive workplace. All qualified applicants will receive consideration for employment without regard to race, religion, national origin, gender, gender identity, sexual orientation, personal appearance, protected veteran status, disability, age, or other legally protected status. For individuals with disabilities who would like to request an accommodation in the application process, email us at careers_mailbox@fanniemae.com.
The hiring range for this role is set forth on each of our job postings located on Fannie Mae's Career Site. Final salaries will generally vary within that range based on factors that include but are not limited to, skill set, depth of experience, certifications, and other relevant qualifications. This position is eligible to participate in a Fannie Mae incentive program (subject to the terms of the program). As part of our comprehensive benefits package, Fannie Mae offers a broad range of Health, Life, Voluntary Lifestyle, and other benefits and perks that enhance an employee's physical, mental, emotional, and financial well-being. See more here.
At Fannie Mae, futures are made. The inspiring work we do helps make a home a possibility for millions of homeowners and renters. Every day offers compelling opportunities to impact the future of the housing industry while being part of an inclusive team thriving in an energizing, flexible environment. Here, you will grow your career and help create access to fair, affordable housing finance.
Job Description
As a valued colleague on the Capital Markets Pricing and Valuation team, you will assist with supporting the team valuing Fannie Mae's Asset and Liability portfolios using financial industry knowledge, applying mathematical/fixed income models to business or financial data. Your efforts will enable the team to provide market valuations to internal customers, implement business initiatives, analyze or report on business performance, solve business questions, or inform business decisions. Work may include developing models or prototypes to achieve these goals but is not the core focus in the role.
THE IMPACT YOU WILL MAKE
The Pricing - Financial Engineering - Associate role will offer you the opportunity to make an impact, while working alongside people who care so that you can deliver on the following responsibilities:Work as part of a team to create cash flow models, pricing methodologies and valuation techniques to support Fannie Mae's fixed-income portfolios and new business initiativesDiscuss markets and fixed income concepts and trends with internal and external market participants, including Trade Desk, Risk Groups, and Third-party participantsExecute daily fair-value pricing for the Company's loans, securities, debt, and derivative portfolio for use by the Trade Desks, Risk Management, and Financial ReportingResearch market activity and risk factors that could affect the pricing of the portfoliosExecute pricing methodologies and strategies to ensure pricing is consistent with current market environment and reduce operational riskDocument and report on processing or analyzing large amounts of data efficiently using advanced financial engineering tools and techniques.Contribute to financial analysis or forecasting, which may include scenario or sensitivity analysis, stress testing, or attribution analysis.Participate in executing models and/or interpreting model results. Assist with translating the results from the analysis or models for the customer into understandable conclusions.Assist model builders to vet new models, suggest changes to existing models, or analyze model performance data.Perform data and systems analysis, validation, and regression testing.Qualifications
THE EXPERIENCE YOU BRING TO THE TEAM
Minimum Required Experience
1-2 year of relevant experienceDesired Experience
Bachelor's degree or equivalentFixed income market experience from a trading, portfolio management, securities valuation, or research backgroundStrong interest to pursue CFA, CPA, FRM or CTP designationBasic knowledge and understanding of MBS and financial marketsUnderstanding of fixed income analytics (DCFs, OAS, Duration/Convexity, spreads/Discount Margins)Comfortable discussing financial concepts with internal and external participantsStrong analytical skills and attention to detailExcellent written and oral communication skillsAdvanced Excel skillsExperience with Bloomberg, Intex and other valuation tools a plusExperience with SQL a plusAbility to work independently to develop market research and analytics
Expectations include meeting the needs of the team and the company, and will periodically require working long days, weekends and holidays to meet production deadlines.
Additional Information
The future is what you make it to be. Discover compelling opportunities at Fanniemae.com/careers.
Fannie Mae is primarily a hybrid company. We embrace flexibility for our employees while providing office space for in-person work and collaboration. This role is classified as hybrid. If you speak with a Recruiter, they will provide you with more information about the definition of this classification.
Fannie Mae is an Equal Opportunity Employer, which means we are committed to fostering a diverse and inclusive workplace. All qualified applicants will receive consideration for employment without regard to race, religion, national origin, gender, gender identity, sexual orientation, personal appearance, protected veteran status, disability, age, or other legally protected status. For individuals with disabilities who would like to request an accommodation in the application process, email us at careers_mailbox@fanniemae.com.
The hiring range for this role is set forth on each of our job postings located on Fannie Mae's Career Site. Final salaries will generally vary within that range based on factors that include but are not limited to, skill set, depth of experience, certifications, and other relevant qualifications. This position is eligible to participate in a Fannie Mae incentive program (subject to the terms of the program). As part of our comprehensive benefits package, Fannie Mae offers a broad range of Health, Life, Voluntary Lifestyle, and other benefits and perks that enhance an employee's physical, mental, emotional, and financial well-being. See more here.