Senior Economist

Company Description

At Fannie Mae, futures are made. The inspiring work we do makes an affordable home a reality and a difference in the lives of Americans. Every day offers compelling opportunities to modernize the nation's housing finance system while being part of an inclusive team using new, emerging technologies. Here, you will help lead our industry forward, enhance your technical expertise, and make your career.

Job Description

Conduct analyses or studies on effects of different economic conditions on the company's products, assets, or investments, with a specific focus on borrower eligibility and loan sustainability in Fannie Mae's Automated Underwriting System (AUS), Desktop Underwriter (DU). Identify and evaluate economic trends and their prospective effect on the markets in which the company's goods or service trade. Collaborate on product development, risk management, financial management and capital market projects and exercises with economic analysis and projections. May represent the company in trade associations, professional groups, or to the public.

THE IMPACT YOU WILL MAKE
The Single Family - Economics - Senior Associate 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:
  • Conduct economic research on public, proprietary, or lender data to assess trends or patterns in lending, borrowing, and the models used by the company to assess risk or assign risk management policies. This position focuses on Desktop Underwriter, which is Fannie Mae's mortgage scorecard.
  • Provide and/or use macroeconomic data and interpretation on home prices, home inventories, regional trends and the like, both within organization and to lenders, originators, insurers, and the like.
  • Perform research and analytics on proprietary system(s) and related issues, including evaluating and implementing new products, model review and updates, and data quality issues.
  • Provide written summaries of potential model changes and impact research in compliance with Fannie Mae's model governance and development standards.
  • Using public and proprietary data, assess risks in particular regions, asset classes, types of lenders or borrowers, and the like. Prepare analyses and reports as appropriate.
  • Ensure the team is up to date on economic, market, and regulatory developments along with relevant academic and practitioner research.
  • Translate findings for non-technical audiences, such as industry partners, business customers, or the media.


Qualifications

THE EXPERIENCE YOU BRING TO THE TEAM

Minimum Required Experiences
  • 2 years in relevant industry (approval or risk evaluation scorecards preferred)
  • Ph.D Economics degree or equivalent

Skills
  • Skilled in the graphical representation of information in the form of a charts, diagrams, pictures, and dashboards with programs and tools such as Excel, Tableau, or Power BI
  • Experience evaluating businesses, projects, budgets, and other financial entities or instruments to determine viability, stability, and performance
  • Ability to frame ideas as systems and analyzing the inputs, outputs, and process
  • Skilled in presenting information and/or ideas to an audience in a way that is engaging and easy to understand
  • Skilled in documentation and database reporting for the purposes of analysis, data discovery, and decision-making with the use of relevant software such as Crystal Reports, Excel, or SSRS
  • The group of skills related to Communication including communicating in writing or verbally, copywriting, planning and distributing communication, etc.
  • The group of skills related to Influencing including negotiating, persuading others, facilitating meetings, and resolving conflict
  • Adept at managing project plans, resources, and people to ensure successful project completion
  • Experience gathering accurate information to explain concepts and answer critical questions
  • Working with people with different functional expertise respectfully and cooperatively to work toward a common goal
  • Expertise in using statistical methods, including: developing and testing hypotheses, using experimental design, and running linear and logistic regressions
  • The group of skills related to Governance and Compliance including creating policies, evaluating compliance, conducting internal investigations, developing data governance, etc.
  • The group of skills related to Programming including coding, debugging, and using relevant programming languages
  • The group of skills related to Risk Assessment and Management including evaluating and designing controls, conducting impact assessments, identifying control gaps, remediating risk, etc.
  • The group of skills related to Business Insight including advising, designing business models, interpreting customer and market insights, forecasting, benchmarking, etc.
  • Experience in the process of analyzing data to identify trends or relationships to inform conclusions about the data


Tools
  • Skilled in SAS and R based econometric model development and deployment
  • Skilled in SQL
  • Working knowledge of common MS office productivity software (word, powerpoint, Teams, etc.), version control software (e.g. Git or Bitbucket), and/or BI tools (e.g., Tableau) is a plus.


Additional Information

The future is what you make it to be. Discover compelling opportunities at Fanniemae.com/careers.

Fannie Mae is an Equal Opportunity Employer, which means we are committed to fostering a diverse and inclusive workplace. All qualified applicants will receive consideration for employment without regard to race, religion, national origin, gender, gender identity, sexual orientation, personal appearance, protected veteran status, disability, age, or other legally protected status. For individuals with disabilities who would like to request an accommodation in the application process, email us at careers_mailbox@fanniemae.com.

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