Financial Engineer II
Fannie Mae - Washington, DC

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Fannie Mae exists to expand affordable housing and bring global capital to local communities in order to serve the U.S. housing market. Today, our focus is on preventing foreclosures, making mortgages and rental housing as affordable as possible, and supporting the housing recovery. We are rapidly building and realigning our company to better serve the market as we support the Administration's Homeowner Affordability and Stability Plan.

Join our dedicated, diverse, high-performing workforce and put your unique talents to good use as we work with our partners to advance our nation's housing recovery.

For more information about Fannie Mae and our career opportunities, visit


Use advanced mathematical, analytical, or econometric tools to create algorithms that will be used in analytical or product development processes. Using these tools, develop or refine computer applications that provide deeper analysis of prospective asset performance, asset pricing, new asset classes, or information needed to measure or hedge risk. Provide ongoing analysis of new products or asset classes, and suggest program modifications as necessary. May test applications for accuracy and functionality before putting them into service.


Primarily assisting in validating the implementation of models, used in single family loss allowance for modified loans. The Financial Engineer will, 1) use Fannie Mae's models for the calculation of expected cashflows, 2) review and validate valuation inputs and results, 3) prepare reports used for management and financial reporting.

Responsible for assisting in the business review of the loss allowance valuations, including the comparison of valuation results to expected results and to current market and business conditions.

Assist in the periodic updates of models used in valuation of Fannie Mae's credit guarantee book of business for FVBS reporting. The Financial Engineer will be responsible for assisting in the model implementation review of the Guarantee Asset (GA), Guarantee Obligation (GO) and Credit Enhancement (CE) valuations.

Use one or more analytical tools from a suite of mathematical/application tools to perform appropriate analysis on specified product, transaction, market activity, or investment vehicle that has multiple variables affecting potential outcomes.

Report in quantitative manner on parameters of proposed purchase, sale, marketing action, structure of transaction or market activity, or risk factors and the degree to which they could affect outcomes.

Perform ad hoc analyses as needed and assist managers of specific product lines with analytical, valuation, or pricing projects. Collaborate with teams planning or structuring transactions to assist in credit analysis and pricing.

Perform loss forecast analysis and reporting; perform ongoing ad hoc model development and analysis for specific clients needing high level quantitative analysis of credit risk, product valuation, asset analysis, and the like.

Bachelor's Degree or equivalent required


2 years of related experience


Experience with Mortgage valuation, risk management or fixed income risk management preferred.

SAS/SQL skills required.

Ability to complete multiple complex analyses under tight time constraints.

Strong communication skills, including the ability to effectively explain complex analyses in layman's terms to senior management.

Experience with Business Requirements and Testing of complex software applications helpful.


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.

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