At Freddie Mac, our mission of Making Home Possible is what motivates us, and it's at the core of everything we do. Since our charter in 1970, we have made home possible for more than 90 million families across the country. Join an organization where your work contributes to a greater purpose.
Position Overview: Are you looking to be part of a technology team beyond the ordinary? A place full of exciting challenges and the engineers up to solving them? Then welcome to Financial Engineering!
This is the place where the models become software, where many of the numbers that drive our business decisions are produced. Our systems are used for interest rate and credit risk management, investment analysis and trading, security issuance, automated loan underwriting, distressed loan decisions, economic and regulatory capital, property valuation, financial reporting, economic and GAAP forecasting, and more! If you have finance and/or technology background, experience with critical applications, and thrive on ensuring operational excellence, apply for a Financial Modeling developer position in Model Applications Development team.
Our Impact: Model Application Development team is responsible for converting models to application software. We evaluate millions of loans per day using the latest ML algorithms such as Deep Neural Networks, XG boost and Logistic regression. We turn ML algorithms to APIs using web services. We are responsible for implementing underwriting, servicing and loss mitigation models.
Your Impact: - Automating and deploying Financial Models developed using ML algorithms.
- Maintaining underwriting models, credit data processing.
- Deploying model configuration with market and economic data for loss mitigation models.
- Providing APIs to Financial Models to integrate with IT applications.
- Performance tuning and stress testing Models.
- Participating in model tie outs. Identifying and resolving any issues in reconciling with model results.
- Fixing software security vulnerabilities identified in SAST and FOSS scanning.
- Code review and guiding junior level developers.
Qualifications: - Typically has 5 - 7 years related experience
- College Degree or equivalent experience; advanced studies/degree preferred
- Back End Skills: Java - Spring, Spring Boot, Camel, Hibernate, etc., Relational Database
- Front End Skills: Web based application skills (Angular 4,JavaScript, TypeScript)
- Automation Testing: Junit, Automated Performance and Regression/Functional Testing
- Devops Tools: git, gradle, Docker, Jenkins, Kubernetes, OCP, CI/CD pipeline
- Programming Languages: Familiarity with Python/SAS is preferred
- Experience in Financial industry with Modeling and Simulations is preferred
- Knowledge on Fixed income securities is preferred
Keys to Success in this Role: - You must be model thinker and willing to learn Financial Models. Should be passionate about finding facts through data analysis.
- Communication and social skills working in a collaborative team and interacting with business customers.
- Bringing an analytical and imaginative attitude to work every day.
- Steadfast attention to business and technical details.
- Passion to ensure customer happiness and improve processes.
Current Freddie Mac employees please apply through the internal career site. We consider all applicants for all positions without regard to gender, race, color, religion, national origin, age, marital status, veteran status, sexual orientation, gender identity/expression, physical and mental disability, pregnancy, ethnicity, genetic information or any other protected categories under applicable federal, state or local laws. We will ensure that individuals 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.
A safe and secure environment is critical to Freddie Mac's business. This includes employee commitment to our acceptable use policy, applying a vigilance-first approach to work, supporting regulatory mandates, and using best practices to protect Freddie Mac from potential threats and risk. Employees exercise this responsibility by executing against policies and procedures and adhering to privacy & security obligations as required via training programs.
CA Applicants: Qualified applications with arrest or conviction records will be considered for employment in accordance with the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act.
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 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 $130,000 - $196,000 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.
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