Quantitative Model Risk Advisor, Internal Audit

Fannie Mae • Permanent • Virginia, United States • $73.08 - $98.56 / * • 1d ago

At Fannie Mae, the inspiring work we do helps make a home a possibility for millions of homeowners and renters. Every day offers compelling opportunities to impact the future of the housing industry while being part of a collaborative team thriving in an energizing environment. Here, you will grow your career and help create access toaffordable housing finance.

Job Description

Step into a high-impact role where you ll lead audits across a wide range of financial risk models-Interest Rate, Market, Liquidity, and Counterparty Credit Risk. As a key individual contributor, you ll independently plan and execute audits from start to finish, delivering insights that shape risk strategy and strengthen internal controls.

You ll assess model risk governance, identify emerging risks, and stay ahead of industry and regulatory trends. Your work will directly influence risk tolerance evaluations and continuous monitoring efforts. You ll also help shape the audit plan, drive process improvements, and build trusted relationships with stakeholders across Treasury, Corporate Finance, and Capital Markets.

This is your opportunity to lead with expertise, inspire with insight, and make a measurable impact. As a highly visible individual contributor, you will be accountable for independently planning and executing a portfolio of projects within a specific area, focused on auditing the model development life cycle activities on a wide range of financial risk modeling areas.

THE IMPACT YOU WILL MAKE

The Quantitative Model Risk Advisor, Internal Audit role will offer you the flexibility to make each day your own, while working alongside people who care so that you can deliver on the following responsibilities:

Lead model risk audit execution on a wide range of financial risk modeling areas including focusing on Interest Rate Risk, Market Risk, Liquidity Risk and Counterparty Credit Risk Management, in areas of Treasury, Corporate Finance and Capital Markets.
Lead, oversee and manage audits from planning to reporting. This includes ensuring the audit scope is adequate for issuing an overall opinion on internal controls and risk management practices to senior management; executing audit work, drafting, supporting and communicating audit issues; assessing management remediation plans; and reviewing audit work papers in line with audit methodologies.
Assess effectiveness of model risk controls, model risk management practices and governance framework to draw conclusions and generate insights. Connect dots to identify emerging risk based on full body of audit work performed.
Keep up with the latest developments in coverage areas in terms of products, processes, models, risk management practices, industry standards and regulatory landscape. Plan audit projects to ensure effective controls are implemented.
Contribute to continuous monitoring and a dynamic evaluation of management s model residual risk assessment and reporting against risk tolerance.
Contribute to the development of model risk audit plan and the team s strategy.
Drive process improvements to enhance auditing efficiency and effectiveness.
Continually develop strong working relationships with business stakeholders to be a trusted advisor and drive improvement actions.
Provide technical guidance, inspire staff engagement and drive risk identification.

Minimum Required Experience

6+ years proven tracking record of effectively performing model risk related activities (e.g. model development or model validation) in financial institutions, consultancy or regulatory bodies.
Experience in one or more of the following areas: Basel II / III regulatory framework for market risk / IRRBB / liquidity management, pricing / valuation model for mortgage products (MBS; CMBS; whole loans), counterparty credit risk modeling, Current Expected Credit Loss (CECL)
Data science experience including predictive modeling, machine learning and big data analytics
Strong quantitative and analytical skills; a track record of applying critical thinking and analytical skills to identify risk, assess impact and establish credibility across teams to influence change.
Excellent verbal and written communication skills and ability to effectively interact with other functions on model-related issues and deliver complex technical information to diverse audiences in a meaningful way
Risk and control mindset
Detail oriented, self-motivated and willing to learn

Desired Experience

Strong collaboration skills; ability to work effectively with individuals from diverse functional backgrounds
Collective capabilities for leadership, including leading teams, giving feedback, coaching and mentoring
Influencing skills including negotiating, persuading others, facilitating meetings, and resolving conflict
Adept at managing project plans, resources, and people to ensure successful project completion
Master s or Ph.D. degree in a quantitative discipline such as Mathematics, Computer Science, Statistics, or Quantitative Finance
Hands-on knowledge and experience with one or more technical tools such as R, Python, C/C++ or SQL
Knowledge of model risk controls

Internal Audit - Quantitative Modeling - Advisor

Target Pay Range: $152,000 - $205,000 a year

- Hybrid

Qualifications

Education:
Master's Level Degree

The future is what you make it to be. Discover compelling opportunities at

For most roles, employees are expected to work onsite on a regular basis at their designated office location. In-office work cadence is determined by your manager. Proximity within a reasonable commute to your designated office location is preferred unless the job is noted as open to remote.

Fannie Mae is an equal opportunity employer and considers qualified applicants for employment without regard to race, color, religion, sex, national origin, disability, age, sexual orientation, gender identity/gender expression, marital or parental status, or any other protected factor. Fannie Mae is committed to providing reasonable accommodations to qualified individuals with disabilities who are employees or applicants for employment, unless to do so would cause undue hardship to the company. If you need assistance using our online system and/or you need a reasonable accommodation related to the hiring/application process, please complete this form .

The hiring range for this role is set forth below. Final salaries will generally vary within that range based on factors that include but are not limited to, skill set, depth of experience, certifications, and other relevant qualifications. This position is eligible to participate in a Fannie Mae incentive program (subject to the terms of the program). As part of our comprehensive benefits package, Fannie Mae offers a broad range of Health, Life, Voluntary Lifestyle, and other benefits and perks that enhance an employee's physical, mental, emotional, and financial well-being. See more here .

Requisition compensation:
152000
to
205000

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