Job Description

Job Title: Financial Engineer III
Job Location: Washington, DC


  • Use advanced mathematical, analytical, or econometric tools to create algorithms that will be used in analytical or product development processes
  • Using these tools, develop or refine computer applications that provide deeper analysis of prospective asset performance, asset pricing, new asset classes, or information needed to measure or hedge risk
  • Provide ongoing analysis of new products or asset classes, and suggest program modifications as necessary
  • May test applications for accuracy and functionality before putting them into service
  • Confer with product managers, marketing staff, capital market staff, or business unit management to determine analytical or product-related needs regarding product, investment instrument, market activity, or complex transaction to be analyzed
  • Use one or more analytical tools from a suite of mathematical/application tools to perform appropriate analysis on specified product, transaction, market activity, or investment vehicle that has multiple variables affecting potential outcomes
  • Report in quantitative manner on parameters of proposed purchase, sale, marketing action, structure of transaction or market activity, or risk factors and the degree to which they could affect outcomes
  • Participate with product management, treasury, or capital markets staff in exercises to value derivatives or other complex products, or to revise models used to perform these valuations
  • Perform ad hoc analyses as needed and assist managers of specified product lines with analytical, valuation, or pricing projects
  • Collaborate with teams planning or structuring transactions to assist in credit analysis and pricing
  • Perform loss forecast analysis and reporting
  • Perform ongoing ad hoc model development and analysis for specific clients needing high level quantitative analysis of credit risk, product valuation, asset analysis, and the like
  • Redefine and implement the components of new risk indicators
  • Consult with the business owners, design and implement an interface to record key indicators, research industry best practices of analyzing, and reporting key performance indicators
  • Design test cases and test applications for systems used for a variety of analytical, pricing, risk management, or credit pricing to ensure the business needs are met and analytics are correctly implemented

Required Qualifications:

  • Bachelor's degree or equivalent
  • Four+ years of related experience
  • Five+ years of experience in system analysis, design, and programming in C++, Java, SAS, and/or an equivalent computer languages
  • Strong experience in UNIX scripts, Python or Perl, SQL
  • Three+ years of experience in developing and support financial and/or large scale numerical simulation applications
  • Strong experience in distributed computing
  • Support production operation
  • Confer with business unit, financial modelers, perform ad-hoc analyses

Preferred Qualifications:

  • Cloud computing, Big Data, and machine learning experience
  • Operational Production support experience
  • Secondary mortgage industry experience

QBH#: 2103

Application Instructions

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