Massachusetts Veterans Jobs

Position Overview:

The Model Reviewer will play a critical role in reviewing, analyzing, and validating financial models used within Fannie Mae. This position requires a strong background in model development, particularly in building complex, behavioral financial models that predict the behavior of a bank’s customers. The ideal candidate will have a deep understanding of financial markets, risk management practices, and regulatory requirements.

Key Responsibilities:

• Model Review: Conduct comprehensive reviews of financial models to assess their accuracy, reliability, and compliance with regulatory standards. Focus on models related to credit and market risk.

• Analysis and Validation: Perform detailed analysis and validation of models, identifying areas for improvement and implementing necessary adjustments. Ensure models are robust and fit for purpose.

• Academic Reviews: Conduct “academic reviews” of internal models, providing a thorough and critical evaluation of their theoretical foundations and practical applications.

• Reporting: Generate detailed reports on model performance, validation results, and risk assessments. Communicate findings to stakeholders, including senior management and regulatory bodies.

• Collaboration: Work closely with cross-functional teams, including model developers, risk management, and data science, to ensure models are effectively integrated into business processes. Provide technical expertise and support to team members.

• Regulatory Compliance: Stay up-to-date with regulatory requirements and industry best practices related to credit and market risk modeling. Ensure all models comply with relevant guidelines and standards.

• Continuous Improvement: Continuously monitor and improve model performance. Stay informed about advancements in modeling techniques and financial risk management to incorporate best practices into model reviews.

  Why Join Fannie Mae?

• Innovative Environment: Work with cutting-edge technology and innovative solutions in the financial industry.

• Professional Growth: Opportunities for continuous learning and professional development.

• Collaborative Culture: Join a team of dedicated professionals who are passionate about their work and committed to excellence.

• Competitive Compensation: Attractive salary and benefits package.

If you are a highly motivated individual with a strong background in model development and a passion for financial risk management, we encourage you to apply. Join us in shaping the future of financial services and making a meaningful impact on our clients and the industry.

Eligibility requirements apply to some benefits and may depend on your job classification and length of employment. Benefits are subject to change and may be subject to specific elections, plan, or program terms. If eligible, the benefits available for this temporary role may include the following:

• Medical, dental & vision

• Critical Illness, Accident, and Hospital

• 401(k) Retirement Plan – Pre-tax and Roth post-tax contributions available

• Life Insurance (Voluntary Life & AD&D for the employee and dependents)

• Short and long-term disability

• Health Spending Account (HSA)

• Transportation benefits

• Employee Assistance Program

• Time Off/Leave (PTO, Vacation or Sick Leave

  About TEKsystems:

We're partners in transformation. We help clients activate ideas and solutions to take advantage of a new world of opportunity. We are a team of 80,000 strong, working with over 6,000 clients, including 80% of the Fortune 500, across North America, Europe and Asia. As an industry leader in Full-Stack Technology Services, Talent Services, and real-world application, we work with progressive leaders to drive change. That's the power of true partnership. TEKsystems is an Allegis Group company.

The company is an equal opportunity employer and will consider all applications without regards to race, sex, age, color, religion, national origin, veteran status, disability, sexual orientation, gender identity, genetic information or any characteristic protected by law.