At Freddie Mac, you will do important work to build a better housing finance system and you'll be part of a team helping to make homeownership and rental housing more accessible and affordable across the nation.
Position Overview:
Freddie Mac's Finance division is seeking an Interest Rate Risk & Valuation Analytics Senior to be part of the Investments and Capital Markets CFO department. The candidate will be responsible for supporting the Asset & Liability Management (ALM) function within the Capital Markets business. Our team is responsible for reporting, analyzing and forecasting the firms' economic and GAAP interest-rate risk and associated metrics and results
Our Impact:
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- The Investments and Capital Markets CFO department is responsible for financial accounting and reporting, portfolio risk and profitability analysis, pricing and valuation activities and financial planning & analysis for Freddie Mac's Capital Markets activities
- Our team helps ensure Freddie Mac's ALM function adheres to Management, Board, and FHFA Limits through our daily and monthly reporting
- The team provides our economic and GAAP interest-rate risk profile on a daily basis to multiple partners within Freddie Mac
- We partner and build relationships with the different Capital Markets trading desks to understand their needs and provide reporting and analysis to support their roles
- The team performs ad hoc business analysis per request of management and independently develops new beneficial analytics to help make better business decisions
- Our team also aids in analysis to ensure optimal effectiveness of Freddie Mac's Hedge Accounting program
- We create interest-rate hedging forecasts used to project the comprehensive income of the firm under various scenarios, including the annual Dodd-Frank Act Stress Test (DFAST)
Your Impact:
In this role, you will be an integral part of managing the firm's interest-rate risk and will be expected to add value by developing enhanced analytics and reporting.
- Interact with ALM (Asset & Liability Management) traders and various other trading desks within the Investments and Capital Markets division on portfolio activities, market conditions, and results
- Analyze the sensitivity of financial results to interest-rate changes and other market factors
- Provide detailed analysis related to Interest Rate P/L on exposures across the firm
- Implement enhancements, including UAT related to our interest-rate risk and forecast applications
- Seek opportunities for enhancing and improving our processes and data infrastructure
- Work with the manager to build new analytics to support business processes
- Prepare presentations delivered to senior management and the Board of Directors
- Assist with creating fair value calculations, which include methodologies (how to value), execution, verification and validation
- Review model and Pricing Vendor valuations for Derivatives, Debt and Non-Mortgage Investments
- Review work prepared by peers or junior-level staff
Qualifications:
- Minimum of 5-7 years of experience in fixed income, financial services, and/or capital markets
- Bachelor's degree in Finance, Economics or related degree
- Progress towards CFA Charterholder is preferred
- Must be proficient in one or more of the following tools - SQL, Tableau or Python in addition to knowledge of Microsoft Office products
- Strong problem-solving and critical thinking capabilities
- Strong attention to detail
- Ability to multi-task and provide analysis under tight deadlines
- Engaged learner willing to question the status quo
Key to Success in this Role:
This role requires heavy critical thinking and the ability to independently develop new analytics and enhancements to support the business. To be successful, it requires a passion for constant learning and ability to translate data and knowledge into actionable items. Possessing good technical aptitude to work with trade and position data and build summary analysis.
The team operates in a fast-paced environment so a successful candidate will be able to balance multiple competing tasks and adhere to short deadlines. Given the analytical nature of the role, the candidate is encouraged to take high level requests or objectives and have the capability to independently determine what is required to build or produce the analysis. A fundamental understanding of fixed income fundamentals and calculations (i.e. mortgage backed securities, interest-rate derivatives, corporate debt) will be required to be effective in the role.
At Freddie Mac, our inclusive and diverse culture is what powers our work. Collectively, what we share is a passion for more-for making a difference by making home possible for families across the nation.
Come as you are and do what you love.
Current Freddie Mac employees please apply through the internal career site.
Today, Freddie Mac makes home possible for one in four home borrowers and is one of the largest sources of financing for multifamily housing. Join our smart, creative and dedicated team and you'll do important work for the housing finance system and make a difference in the lives of others.
We are an equal opportunity employer and value diversity and inclusion at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, disability status or any other characteristic protected by applicable law. We will ensure that individuals with differing abilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.
Notice to External Search Firms: Freddie Mac partners with BountyJobs for contingency search business through outside firms. Resumes received outside the BountyJobs system will be considered unsolicited and Freddie Mac will not be obligated to pay a placement fee. If interested in learning more, please visit www.BountyJobs.com and register with our referral code: MAC.
Time-type:Full time
FLSA Status:Exempt
Freddie Mac offers a comprehensive total rewards package to include competitive compensation and market-leading benefit programs. Information on these benefit programs is available on our Careers site.
This position has an annualized market-based salary range of $104,000 - $156,000 and is eligible to participate in the annual incentive program. The final salary offered will generally fall within this range and is dependent on various factors including but not limited to the responsibilities of the position, experience, skill set, internal pay equity and other relevant qualifications of the applicant.