Model Validation - Advisor (Open to Remote)
Fannie Mae
2024-11-15 21:55:35
Washington, District of Columbia, United States
Job type: fulltime
Job industry: I.T. & Communications
Job description
Job Description
THE IMPACT YOU WILL MAKE
The Model Validation - Advisor role will offer you the flexibility to make each day your own, while working alongside people who care so that you can deliver on the following responsibilities:
- Assist team in the identification and reporting of existing and emerging model risks that stem from business activities, internal processes, and changes in the financial services industry, regulatory compliance, or other external environmental factors.
- Work closely with relevant stakeholders to understand all aspects of the workflow processes managed for model validation, model performance monitoring, and model issue management and generate recommendations for identified patterns.
- Ensure risks associated with business activities are effectively identified, measured, monitored, reported, mitigated, and controlled.
- Participate in producing qualitative and quantitative analyses for project management and executive-level reports to provide a strategic view of model risk to key stakeholders; design, implement, and maintain an inventory of processes, controls, metric framework and dashboards supporting portfolio and business process assessments.
- Collaborate on technology solutions to facilitate accurate and comprehensive data capture for compilation, processing, and interpretation required in regular and ad hoc reporting to stakeholders, executive leadership teams, and regulators. Provide innovative thorough, and practical solutions that improve business performance and support business strategies and initiatives.
- Apply understanding of relevant business context to interpret results, monitor performance, and assess risks, which may include the application of mathematic, statistical, and econometric techniques. Oversee ad hoc quantitative analyses, modeling, or programming using Tableau, SAS, SQL, R, or Python.
- Participate in fostering a culture of continuous improvement and quality excellence.
Qualifications
THE EXPERIENCE YOU BRING TO THE TEAM
Minimum Required Experiences:
- 6 years in model governance, validation, reporting or development
- Excellent oral and written communication; experienced at presenting information and/or ideas to an audience in a way that is engaging and easy to understand
- Communication including communicating in writing or verbally, copywriting, planning and distributing communication, etc.
- Skilled in creating visual concepts, creating content, and editing content by hand or with the help with computer software to communicate ideas
- Adept at engaging with leadership and key stakeholders to drive consensus and action, including the ability to explain technology solutions and processes in business terms
- Influencing skills including negotiating, persuading others, facilitating meetings, and resolving conflict
- Excellent analytical problem-solving and decision-making skills, with the ability to effectively prioritize and manage multiple tasks and deadlines.
- Experience working with people with different functional expertise respectfully and cooperatively to work towards a common goal
- Adept at analyzing data to identify trends or relationships to inform conclusions about the data; critical thinking
- Expertise in quantitative analytics applied to one or more areas within credit, interest rate, counterparty credit risk, and/or fixed income valuation in the financial services industry
- Expertise in developing and testing hypotheses, using experimental design, and applied statistical methods (e.g., regression analysis and AI/ML techniques)
- Skilled in the graphical representation of information in the form of a charts, diagrams, pictures, and dashboards with programs and tools such as Excel, Tableau, or Power BI
Desired Experiences:
- Bachelor degree or equivalent; Master degree preferred
- Experience in Governance and Compliance including interpretation of policies, evaluating compliance, creating and enforcing standards and controls, etc.
- Determining causes of operating errors and taking corrective action
- Experience with reporting platforms, including Tableau, Excel, and PowerBI
- Proficiency in programming languages such as SAS, SQL, R, or Python
- Experience related to Learning and Training including conducting, developing, and evaluating training, instructional design, and learning management systems
Skills
- Adept at managing project plans, resources, and people to ensure successful project completion
- Programming including coding, debugging, and using relevant programming languages
- Risk Assessment and Management including evaluating and designing controls, conducting impact assessments, identifying control gaps, remediating risk, etc.
- Skilled in the graphical representation of information in the form of a charts, diagrams, pictures, and dashboards with programs and tools such as Excel, Tableau, or Power BI
- The group of skills related to Relationship Management including managing and engaging stakeholders, customers, and vendors, building relationship networks, contracting, etc.
- Experience in the process of analyzing data to identify trends or relationships to inform conclusions about the data
- Focused experience in artificial intelligence (AI), including machine learning and natural language processing (NLP)
- Expertise in using statistical methods, including: developing and testing hypotheses, using experimental design, and running linear and logistic regressions
- Influencing including negotiating, persuading others, facilitating meetings, and resolving conflict
- Experience evaluating businesses, projects, budgets, and other financial entities or instruments to determine viability, stability, and performance
- Business Insight including advising, designing business models, interpreting customer and market insights, forecasting, benchmarking, etc.
- Working with people with different functional expertise respectfully and cooperatively to work toward a common goal
- Skilled in documentation and database reporting for the purposes of analysis, data discovery, and decision-making with the use of relevant software such as Crystal Reports, Excel, or SSRS
- Skilled in presenting information and/or ideas to an audience in a way that is engaging and easy to understand
- Skilled in cloud technologies and cloud computing
- Experience identifying and selecting strategic options, and identifying resources to meet the defined objectives
Tools
- Skilled in SAS
- Skilled in Tableau
- Skilled in Excel
- Skilled in R Language Programming
- Skilled in C++
- Skilled in ThoughtSpot
- Skilled in Python object-oriented programming
Additional Information
The future is what you make it to be. Discover compelling opportunities at
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, 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 .
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.
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