| 1.31.10 / job2209 / Fannie Mae / Financial Economist II Washington, DC Please apply here Fannie Mae exists to expand affordable housing and bring global capital to local communities in order to serve the U.S. housing market. Today, our focus is on preventing foreclosures, making mortgages and rental housing as affordable as possible, and supporting the housing recovery. We are rapidly building and realigning our company to better serve the market as we support the Administration's Homeowner Affordability and Stability Plan. Join our dedicated, diverse, high-performing workforce and put your unique talents to good use as we work with our partners to advance our nation's housing recovery. For more information about Fannie Mae and our career opportunities, visit: www.fanniemae.com JOB INFORMATION The Capital Markets Research group is seeking a highly capable individual to work in the area of fixed income financial engineering. This individual will assist senior members of the group with the development and analysis of interest rate models, fixed income derivatives pricing algorithms, risk/return measures, and relative value measures. KEY JOB FUNCTIONS: • Document, monitor, analyze, and assess the company's proprietary interest rate models on an on-going basis. • Stay abreast of new theoretical developments to ensure our models do not become outdated. • Perform detailed analysis on model behaviors in a variety of environments, compute sensitivities to changes, and assess the impact of proposed model changes on derivatives pricing and mortgage analytics. • Concisely summarize and communicate key findings of such studies. • Respond to ad hoc requests from the business users of our models. • Opportunities to contribute in other areas of research will evolve over time. EDUCATION • Bachelor Degree or Equivalent Required. • Advanced degree preferred. MINIMUM EXPERIENCE • 4-6 years or equivalent experience. SPECIALIZED KNOWLEDGE & SKILLS • Advanced degree in a quantitative discipline such as Finance, Engineering, Mathematics, Physics, or Economics. • Experience, academic or otherwise, requiring advanced quantitative skills, using sophisticated models and data analysis. • Knowledge of quantitative finance and fixed income mathematics. • Strong computer skills, in PC and UNIX environments; experience programming numerical algorithms. EMPLOYMENT As a condition of employment with Fannie Mae, any successful job applicant will be required to pass a pre-employment drug screen and to successfully complete a background investigation, which may also include a credit check for positions in some areas of our business. Fannie Mae is an Equal Opportunity Employer. |
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