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Senior Business Analyst - Modeling and Analytics (Open to Remote)

Company Description

At Fannie Mae, futures are made. The inspiring work we do helps make a home a possibility for millions of homeowners and renters. Every day offers compelling opportunities to impact the future of the housing industry while being part of an inclusive team thriving in an energizing, flexible environment. Here, you will grow your career and help create access to fair, affordable housing finance.

Job Description

As a valued colleague on our team, you will, under limited supervision, perform business analysis, write requirements and acceptance criteria for all components of financial models, cash flow simulations, P&L, and risk metrics calculations in end-user or production computing systems for use in business decisions, financial and regulatory reporting, and risk management.

THE IMPACT YOU WILL MAKE

The Senior Business Analyst - Modeling and Analytics 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:

  • Translate complex business requirements from Trading and Risk Management business lines into  requirements, system specifications and testing needs.
  • Design and execute test cases for modeling and analytical software applications to ensure they meet business needs and model requirements.
  • Perform Model Governance activities to align with Model Management lifecycle and engage with Model Risk Management to address Model Risk activities
  • Perform Backlog management, User Engagement and Prioritization in alignment with Agile Processes.
  • Research and evaluate emerging products and industry best practices of model and analytical system software.

Qualifications

THE EXPERIENCE YOU BRING TO THE TEAM

Minimum Required Experiences

  • 2 years of relevant experience 
  • Bachelor degree in applied mathematics, Statistics, Economics, Finance, Computer Science, Engineering or equivalent experience

Desired Experiences

  • Bachelor’s degree with 4 years or Master’s degree with 2 years or equivalent experience in Applied mathematics, Statistics, Economics, Finance, Computer Science, Engineering
  • Proactive, creative problem solver with strong analytical skills. Must be able to define problems as well as potential solutions
  • 4 years experience in Financial Services industry working with Business users in Trading, Risk Management, Capital Markets
  • Strong analysis, problem solving capabilities and ability to break down a complex problem or requirement into Agile features and stories
  • Proficiency with using Agile tools like JIRA, Confluence, Microsoft Office tools
  • Expertise in visualizing data to identify, summarize and explain observed data patterns
  • Experience with econometric modeling, statistical analysis, and working with large data sets
  • Experience working in teams operating under an Agile Scrum delivery methodology

Additional Information

REF13573N

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

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 [email protected].
 

The hiring range for this role is set forth on each of our job postings located on Fannie Mae's Career Site. Final salaries will generally vary within that range based on factors that include but are not limited to, skill set, depth of experience, certifications, and other relevant qualifications. This position is eligible to participate in a Fannie Mae incentive program (subject to the terms of the program). As part of our comprehensive benefits package, Fannie Mae offers a broad range of Health, Life, Voluntary Lifestyle, and other benefits and perks that enhance an employee’s physical, mental, emotional, and financial well-being. See more here.

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Average salary estimate

$102500 / YEARLY (est.)
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$85000K
$120000K

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What You Should Know About Senior Business Analyst - Modeling and Analytics (Open to Remote) , Fannie Mae

At Fannie Mae, we're all about creating futures, and our Senior Business Analyst - Modeling and Analytics role is no exception! Based in the vibrant Washington, DC area, with an option for remote work, you'll dive deep into the world of financial models and analytics that impact millions of lives every day. As a key member of our team, you'll manage business analysis tasks, craft requirements, and outline acceptance criteria for vital financial components like cash flow simulations, P&L, and risk metrics. Not only will you engage with stakeholders to garner crucial specifications from our Trading and Risk Management teams, but you'll also design test cases to ensure our modeling software meets business needs. Your expertise will play a crucial part in Model Governance and managing user engagement via Agile processes. With your analytical prowess, you'll help research emerging products and best practices in our industry, ensuring our tools and methods stay sharp and effective. This is a unique opportunity to not just grow your career at a company committed to inclusive housing solutions, but to truly make a difference every day. Join us in making homeownership a reality for millions while thriving in a supportive workplace environment!

Frequently Asked Questions (FAQs) for Senior Business Analyst - Modeling and Analytics (Open to Remote) Role at Fannie Mae
What are the key responsibilities of a Senior Business Analyst - Modeling and Analytics at Fannie Mae?

The Senior Business Analyst - Modeling and Analytics at Fannie Mae is responsible for conducting business analysis, writing requirements for financial models, and engaging in cash flow simulations. You'll translate complex requirements from business lines into actionable specifications, design and execute test cases for modeling software, and participate in Model Governance activities. Your role also includes backlog management and engaging with user needs in alignment with Agile methodologies, all while researching emerging products and industry standards.

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What qualifications are needed to apply for the Senior Business Analyst - Modeling and Analytics position at Fannie Mae?

Applicants for the Senior Business Analyst - Modeling and Analytics position at Fannie Mae should have at least 2 years of relevant experience and a Bachelor's degree in a related field such as applied mathematics, statistics, finance, or computer science. Desired qualifications include a Master’s degree or 4 years of relevant experience, along with proficiency in Agile practices, strong analytical skills, and experience in the Financial Services industry.

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How does Fannie Mae support the professional development of their Senior Business Analysts?

Fannie Mae emphasizes career growth and development for its employees, including the Senior Business Analyst - Modeling and Analytics. The company provides opportunities for further education and training, access to industry best practices, and engagement in innovative projects. Employees are encouraged to pursue their professional interests through diverse job assignments and participation in incentive programs, ensuring a fulfilling career path.

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What tools and software should a Senior Business Analyst at Fannie Mae be proficient in?

A Senior Business Analyst - Modeling and Analytics at Fannie Mae should be proficient in Agile tools such as JIRA and Confluence, Microsoft Office tools, and possess experience with econometric modeling and statistical analysis. Expertise in data visualization to interpret data patterns is also highly valuable for this role.

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What is the work environment like for the Senior Business Analyst - Modeling and Analytics at Fannie Mae?

Fannie Mae fosters an inclusive, energizing environment for its employees. As a Senior Business Analyst - Modeling and Analytics, you can expect a collaborative workplace where innovation is encouraged. Flexibility is key, allowing you to manage your work-life balance while actively contributing to projects that matter, making it a rewarding atmosphere for personal and professional development.

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Common Interview Questions for Senior Business Analyst - Modeling and Analytics (Open to Remote)
Can you describe your experience with financial modeling as a Senior Business Analyst?

Focus on specific projects or teams where you contributed to modeling efforts, detailing the challenges faced, methodologies applied, and the outcomes achieved. Highlight your analytical skills and your ability to translate business requirements into effective models.

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How do you approach backlog management in an Agile environment?

Discuss your experience with prioritizing tasks and managing the backlog effectively. Explain your strategies for communication with stakeholders to ensure user needs are met and how you adapt to changing priorities within Agile frameworks.

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What techniques do you use for testing financial models?

You should provide examples of test cases you've designed and executed, emphasizing your analytical techniques and attention to detail. Mention how you collaborated with cross-functional teams to validate models against business requirements and expectations.

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How do you ensure compliance with Model Governance in your role?

Illustrate your understanding of the Model Governance lifecycle and how you've engaged with risk management teams. Describe the processes you've followed to ensure models are compliant and how you address any identified risks or issues.

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What methods do you use to visualize data and identify patterns?

Share specific tools and techniques you've used to visualize data, such as graphs or dashboards, and explain how these visuals helped inform decision-making processes or highlight significant trends to stakeholders.

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How do you handle complex problems in your analysis work?

Talk about your problem-solving approach, from breaking down complex issues into manageable components to brainstorming potential solutions. Provide examples where your analytical skills led to effective resolutions.

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Describe a time when you had to advocate for a solution among different stakeholders.

Discuss how you identified varying priorities and concerns from stakeholders and the approach you took to communicate effectively. Highlight the importance of aligning business needs with your proposed solution.

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How do you keep up with emerging trends in financial analysis and modeling?

Mention your commitment to continuous learning through industry publications, webinars, professional networks, and conferences. Explain how you apply what you learn to contribute to your team's success and agility.

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Can you share your experience using JIRA or Confluence in project management?

Provide examples of how you've used these tools for project tracking, collaboration with team members, and maintaining documentation. Emphasize the benefits you've seen from their use in Agile practices.

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What is your understanding of the importance of stakeholder engagement in business analysis?

Emphasize the significance of regular communication and collaboration with business units. Discuss how active listening, gathering feedback, and fostering relationships enhance the quality of your analysis and ensure that you deliver value to the organization.

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Fannie Mae’s mission is to facilitate equitable and sustainable access to homeownership and quality, affordable rental housing across America.

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Full-time, remote
DATE POSTED
January 28, 2025

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