Financial Economist III - Multifamily
Fannie Mae - Washington, DC

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THE COMPANY

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 www.fanniemae.com.

JOB INFORMATION

Apply advanced financial or economic analytical methods and models to such processes as valuation of assets, projection of pricing or risk under varying economic scenarios. Use these tools to develop and quantify risk management strategies for mortgage-based assets or their derivatives. Assess prospective economic and regulatory capital requirements for portfolio assets under varying economic conditions. Develop, or provide guidance to the development of computer applications that perform or produce various pricing, capital requirements, risk management or hedging analyses.

KEY JOB FUNCTIONS

Develop pricing analytics to establish target guarantee fees for various segments of the multifamily business. Making modifications and on-top adjustments to our existing credit pricing tools and models to come up with meaningful analytics for new business opportunities.

Develop a market pricing dashboard that tracks relevant market activity and provides the information used to modify our overall pricing strategy.

Develop a portfolio optimization framework designed to maximize value subject to multifamily business constraints. This involves establishing a comprehensive suite of constraints (regulatory or economic capital, staff and capacity, risk appetite and tolerance, etc.) used to set up a maximization algorithm that will determine target volumes and pricing by segment.

Examine data from segment of housing market in order to perform economic analysis of purchase rates, effects of interest rates, prepayment risk, default risk, or other trends that could affect the products or services of assigned business unit(s).

Examine particular products of assigned business unit and analyze using standard and some sophisticated econometric or quantitative models to assess risk, predict future trends, and determine the efficacy of current analytical standards or models.

Prepare or monitor periodic reports used to ensure accurate model fee reporting, compliance with the Credit Pricing Delegation and pricing model usage policies, and appropriate mapping of data for pricing purposes.

Facilitate model updates by writing technical requirements for new or revised pricing methodologies, assessing impact of changes, and reviewing results. Validate user-defined configuration files used to model unique credit enhancement structures.

Perform economic capital analysis, and other financial analysis when necessary, for review by business unit management, corporate risk management, or senior management in order to support strategic, regulatory, or risk management decisions.

Lead team responsible for development of models to predict changing rent or property values that serve as inputs into credit pricing, economic capital, and loss forecasting models.

Analyze empirical price, rental, fee and other financial data that are the basis for proprietary applications used by partners or counterparties in assessing risk, rating credit, or other functions.
EDUCATION

Bachelor's Degree or equivalent required

MINIMUM EXPERIENCE

6 years of related experience

SPECIALIZED KNOWLEDGE & SKILLS

Masters degree in Economics, Finance, Financial Engineering, Real Estate or related field

Expertise with SAS, Matlab, SQL, Excel and MS Office Suite

Proven analytical experience

Strong interpersonal skills and ability communicate analysis results with management/internal & external clients

Excellent influencing and communication skills

EMPLOYMENT

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.

Fannie Mae - 22 months ago - save job
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