Fannie Mae Financial Economist Associate Program

Any interested students should send their resume and a writing sample to Sameem Z Siddiqui at sameem_siddiqui@fanniemae.com. 

 

 

JOB INFORMATION

The Financial Economist Associate Program is a paid internship program in preparation for potential full-time employment. Candidates selected for the Financial Economist Associate Program will learn SAS and other software packages, and apply analytical methods and models to problems such as asset valuation, scenario analysis, and development of risk management strategies for mortgage-based portfolios.

KEY JOB FUNCTIONS

·         Support production and analytics for valuation of loss mitigation strategies such as loan modification, short sale, and assisted refinance.  Develop thoughtful summaries of the team's work and communicate results clearly. 

·         Develop a solid working knowledge of the Credit Risk Loss Mitigation business. Support related ad hoc requests from business partners.

·         Support production and analytics behind quarterly model performance testing.

·         Examine data from segments of the housing market to analyze the effects of interest rate and home price movements on prepayment risk, default risk etc.

·         Perform economic analysis of new loss mitigation products in order to support strategic or risk management decisions.

·         Perform ad hoc reports or analyses of various credit, asset performance, risk management or similar data as requested by business unit or client management.

Qualifications

 

EDUCATION

·         Bachelor's Degree or equivalent required

·         Master's degree in Economics, Applied Mathematics, Statistics or a related field is preferred

·         CFA or FRM are also valued.

MINIMUM EXPERIENCE

·         None

SPECIALIZED KNOWLEDGE & SKILLS

          

·         Strong communication skills are required, particularly an ability to explain complex technical issues to a non-technical audience; must also be able to explain the economic logic behind our models and translate key findings to our business customers.

·         A solid grasp of econometric modeling and previous experience in credit analytics or mortgage finance is helpful but not required. 

·         Experience working with economic, financial, and statistical models, preferably mortgage-related.

·         A solid set of programming skills is required.  Knowledge of relational database design and experience working with large datasets is a plus.