Fannie Mae

Lead Quantitative Engineer – Single Family

Fannie Mae

full-time

Posted on:

Location Type: Hybrid

Location: RestonDistrict of ColumbiaVirginiaUnited States

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Salary

💰 $141,000 - $184,000 per year

Job Level

About the role

  • Communicate with model development team to understand and finalize requirements in the form of model whitepapers and/or research code.
  • Apply advanced skill, knowledge, and/or experience while leading teams in translating complex mathematical, business, and financial modeling logic into software code.
  • Design solution and implement SF mortgage loan performance (Borrower Behavioral and Severity) models for production.
  • Perform development testing including Unit-Test and reconciliation testing with research code.
  • Lead the design and execution of test cases for modeling and analytical software applications to ensure they meet business needs and model requirements.
  • Create and maintain required Model Management Life Cycle (MMLC) document for the implemented model including solution specification, testing plan and testing result, and impact analysis.
  • Perform routine update and fix of the model implementation and provide customer support to model users.
  • Remediate governance and regulatory findings and issues related to the model.
  • Lead the evaluation of emerging technologies and industry best practices of model and analytical system implementation.
  • Demonstrates strong ownership and execution mindset — a self‑driven, independent problem solver who collaborates effectively across teams and consistently delivers high‑quality results under tight timelines.
  • Communicates proactively and professionally while clearly and transparently engaging with model teams, business and technology partners, reviewers, peers, and leadership through effective written and verbal communication.

Requirements

  • 4 years working experience in Software or Quantitative Engineering
  • Excellent software development and testing skills in Linux environment
  • Fluency in using Gen-AI tools like Github Copilot, ChatGPT, MS Copilot
  • Excellent mathematical, statistical, and analytical skills
  • Proficiency in Python programming and data science packages
  • Familiarity with quantitative model development and testing
  • Good understanding of Object-Oriented Software development
  • Advanced degree or equivalent (Desired)
  • Mortgage modeling working experience (Desired)
  • Proficiency in SQL and popular BI tools like Tableau (Desired)
  • Proficiency in C++ programming (Desired)
  • Excellent writing skills for technical and analytical documents, reports, and presentations (Desired)
  • Financial institutions working experience (Desired)
  • Understanding Model Development and Governance process (Desired)
  • Understanding Software Development Life Cycle practice (Desired)
Benefits
  • Health, Life, Voluntary Lifestyle, and other benefits and perks that enhance an employee's physical, mental, emotional, and financial well-being.
Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard Skills & Tools
PythonC++SQLLinuxGen-AI toolsmathematical modelingstatistical analysisdata science packagesObject-Oriented Software developmentquantitative model development
Soft Skills
problem solvingcollaborationcommunicationownershipexecution mindsetindependencewriting skillsanalytical skillsproactive communicationtransparency
Certifications
advanced degree