Quantitative Modeling Senior Associate, Internal Audit at Fannie Mae Boston, MA

Quantitative Modeling Senior Associate, Internal Audit at FannieMae, Boston, MA. Playing an essential role in the U.S. economy, FannieMae is foundational to housing finance. Here, your expertise can help fuel purpose‑driven innovation that expands access to homeownership and affordable rental housing across the country. Job Description As a valued colleague in our model risk audit team, you will participate in audit planning and execution in model risk related audits covering various areas of the mortgage finance business. You will conduct effective challenges on model risk management framework and on the effectiveness of model risk controls for enterprise‑wide models covering mortgage products and securities. You will also be engaged with continuous monitoring to facilitate identification of emerging risk and risk assessment. We are currently hiring for one role that can sit out of either Reston, DC, Plano, or Boston. Responsibilities Lead Data Analytics Initiatives: Drive the deployment of advanced analytics and automation to enhance audit assurance across Model Risk, Enterprise Risk Management (ERM), Compliance, and HR. Enable Insight‑Driven Auditing: Develop and apply data‑driven solutions for risk measurement, control testing, and continuous monitoring to deepen audit insights and coverage. Model Risk Audit Execution: Participate in model audit engagements, providing credible challenge on model development, validation, and performance monitoring. Apply specialized expertise to review models in mortgage finance, including credit risk, counterparty credit risk, and interest rate risk. Stakeholder Engagement: Collaborate with business partners to strengthen governance and control environments, and communicate technical concepts clearly to diverse audiences. Experience and Qualifications Minimum Required Experience Bachelor's degree in Statistics, Quantitative Finance, Financial Engineering, Economics, or related quantitative discipline. 2+ years of experience in Quantitative Analytics, model development, validation, or auditing. Proficiency in Python, R, JavaScript or similar programming languages for data analytics and automation. Strong analytical, communication, and project management skills. Self‑motivated and able to work independently. Desired Experience Advanced degree (Master or Ph.D.) in quantitative Finance disciplines. Professional certification (e.g., CFA, FRM). 2+ years of experience in model risk management or internal audit at a large financial institution or consulting firm. Compensation Targe Pay Range: $121,000 – $158,000 per year. Location These roles may be based in Reston, DC; Plano, TX; or Boston, MA. Office attendance required, although flexibility may apply. Equal Opportunity Employment FannieMae is an equal opportunity employer. We consider qualified applicants for employment without regard to race, color, religion, sex, national origin, disability, age, sexual orientation, gender identity or expression, marital or parental status, or any other protected status. Reasonable accommodations will be provided to qualified individuals with disabilities. #J-18808-Ljbffr Dan Cummins Ford Lincoln