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Pricing - Financial Engineering - Associate (Flexible Hybrid)

AT Fannie Mae
Fannie Mae

Pricing - Financial Engineering - Associate (Flexible Hybrid)

Washington, DC
  • Target Hiring Range (1): 81000
  • Target Hiring Range (2): 106000

  • 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.

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    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

    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 [email protected].

    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.

    Client-provided location(s): Washington, DC, USA
    Job ID: Fannie-744000014646197
    Employment Type: Full Time

    Perks and Benefits

    • Health and Wellness

      • Health Insurance
      • Dental Insurance
      • Vision Insurance
      • FSA
      • On-Site Gym
      • Life Insurance
      • Short-Term Disability
      • Long-Term Disability
      • HSA With Employer Contribution
      • Fitness Subsidies
      • Mental Health Benefits
    • Parental Benefits

      • Birth Parent or Maternity Leave
      • Adoption Assistance Program
      • Adoption Leave
      • Non-Birth Parent or Paternity Leave
      • Fertility Benefits
      • Family Support Resources
    • Work Flexibility

      • Flexible Work Hours
      • Hybrid Work Opportunities
      • Remote Work Opportunities
    • Office Life and Perks

      • Commuter Benefits Program
      • Casual Dress
      • Happy Hours
      • On-Site Cafeteria
      • Holiday Events
    • Vacation and Time Off

      • Paid Vacation
      • Paid Holidays
      • Personal/Sick Days
      • Leave of Absence
      • Volunteer Time Off
      • Summer Fridays
    • Financial and Retirement

      • 401(K) With Company Matching
      • Financial Counseling
      • Relocation Assistance
    • Professional Development

      • Tuition Reimbursement
      • Promote From Within
      • Internship Program
      • Leadership Training Program
      • Associate or Rotational Training Program
      • Shadowing Opportunities
      • Access to Online Courses
      • Lunch and Learns