
Lead Quantitative Engineer – Single Family
Fannie Mae
full-time
Posted on:
Location Type: Hybrid
Location: Reston • District of Columbia • Virginia • United 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