Sr Financial Engineer

FANNIE MAE



THE COMPANY

Fannie Mae is a shareholder-owned company with a public mission: to tear down barriers, lower costs, and increase the opportunities for homeownership and affordable rental housing for all Americans. Over our 65-plus year history, Fannie Mae has worked with housing partners to provide low-cost financing for more than 60 million American families to own or rent a home. For more information about Fannie Mae and our career opportunities, please visit www.fanniemae.com

 

The Credit Pricing and Analytics Group is responsible for determining pricing to compensate the company for the credit risk associated mortgage loans acquired through the eChannel. The group supports and consults with the account teams, the development team, and with lenders on all pricing related activities for the eChannel. This position will provide analytical support on a wide variety of issues related to eChannel (eC) pricing, credit risk management and profitability.  Analytical tasks will require an understanding of corporate and eChannel data sources, Fannie Mae credit risk models, and other Fannie Mae financial and economic models. In addition, this position will require the successful applicant to develop positive working relationships with lenders, individuals, and teams both inside and outside the eC. The Sr. Financial Engineer will specifically be responsible for:

 Assessing the potential profitability of new business initiatives. Proposing, analyzing and implementing pricing to ensure projected returns on these new initiatives are commensurate with the projected credit risk exposure. Monitoring changes to the corporate credit models and assessing the impact of these changes on eChannel’s credit risk performance measures. Working closely with Credit Finance staff to ensure that the Fannie Mae credit risk models accurately assess eChannel's business. Performing ongoing analysis of eChannel’s book of business and recommending pricing changes where necessary to minimize delivery risk and maintain profitability targets given the channel’s overall credit risk profile. Modeling proposed credit enhancement structures in the corporate credit models and assessing the impact of adopting new structures on eChannel’s profitability and risk. Coordinating with other units to get new structures implemented and negotiated. Negotiating credit fees and explaining eChannel's risk-based pricing framework with eChannel’s lender partners.Preparing and making presentations to senior management on credit risk management and pricing issues.  Developing and implementing various pricing specific reports. 

 

Bachelor's Degree in Economics, Finance, Mathematics or other quantitative field required. Masters Degree in  Economics, Finance, Mathematics or other quantitative field preferred. Demonstrated ability to apply empirical techniques to solving business problems. Three to five years experience in financial modeling, financial analysis, or capital budgeting. Exceptional communication and influencing skillsProficiency in SAS, MS Excel, and SQLUnderstanding of the corporate credit risk models including ability to model various credit enhancement structures.Familiarity with corporate and/or eChannel data sources. 

COMPENSATION

Fannie Mae's compensation and benefits package is very competitive. It is designed to help employees meet varying needs throughout their careers and to reward employee's skills, experience, and potential.
Fannie Mae is an equal employment opportunity employer and considers qualified applicants for employment without regard to race, gender, age, color, religion, national origin, marital status, disability, sexual orientation, or any other protected factor.