Fannie Mae
Pricing Financial Engineering Associate Flexible Hybrid
Fannie Mae, Washington, District of Columbia, us, 20022
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 initiatives
Discuss markets and fixed income concepts and trends with internal and external market participants, including Trade Desk, Risk Groups, and Third-party participants
Execute daily fair-value pricing for the Company’s loans, securities, debt, and derivative portfolio for use by the Trade Desks, Risk Management, and Financial Reporting
Research market activity and risk factors that could affect the pricing of the portfolios
Execute pricing methodologies and strategies to ensure pricing is consistent with current market environment and reduce operational risk
Document 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:Qualifications
THE EXPERIENCE YOU BRING TO THE TEAM
Minimum Required Experience
1-2 year of relevant experience
Desired Experience
Bachelor’s degree or equivalent
Fixed income market experience from a trading, portfolio management, securities valuation, or research background
Strong interest to pursue CFA, CPA, FRM or CTP designation
Basic knowledge and understanding of MBS and financial markets
Understanding of fixed income analytics (DCFs, OAS, Duration/Convexity, spreads/Discount Margins)
Comfortable discussing financial concepts with internal and external participants
Strong analytical skills and attention to detail
Excellent written and oral communication skills
Advanced Excel skills
Experience with Bloomberg, Intex and other valuation tools a plus
Experience with SQL a plus
Ability 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 careers.fanniemae.com.
Fannie Mae is a flexible hybrid company. We embrace flexibility for our employees to work where they choose, while also providing office space for in-person work if desired. At times, while business need may call for on-site collaboration, which means proximity within a reasonable commute to your designated office location is preferred unless job is noted as open to remote.
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.
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 initiatives
Discuss markets and fixed income concepts and trends with internal and external market participants, including Trade Desk, Risk Groups, and Third-party participants
Execute daily fair-value pricing for the Company’s loans, securities, debt, and derivative portfolio for use by the Trade Desks, Risk Management, and Financial Reporting
Research market activity and risk factors that could affect the pricing of the portfolios
Execute pricing methodologies and strategies to ensure pricing is consistent with current market environment and reduce operational risk
Document 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:Qualifications
THE EXPERIENCE YOU BRING TO THE TEAM
Minimum Required Experience
1-2 year of relevant experience
Desired Experience
Bachelor’s degree or equivalent
Fixed income market experience from a trading, portfolio management, securities valuation, or research background
Strong interest to pursue CFA, CPA, FRM or CTP designation
Basic knowledge and understanding of MBS and financial markets
Understanding of fixed income analytics (DCFs, OAS, Duration/Convexity, spreads/Discount Margins)
Comfortable discussing financial concepts with internal and external participants
Strong analytical skills and attention to detail
Excellent written and oral communication skills
Advanced Excel skills
Experience with Bloomberg, Intex and other valuation tools a plus
Experience with SQL a plus
Ability 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 careers.fanniemae.com.
Fannie Mae is a flexible hybrid company. We embrace flexibility for our employees to work where they choose, while also providing office space for in-person work if desired. At times, while business need may call for on-site collaboration, which means proximity within a reasonable commute to your designated office location is preferred unless job is noted as open to remote.
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.