Freddie Mac - McLean, VA

posted 5 months ago

Full-time - Intern
McLean, VA
Credit Intermediation and Related Activities

About the position

At Freddie Mac, you will do important work to build a better housing finance system and you'll be part of a team helping to make homeownership and rental housing more accessible and affordable across the nation. Launch your career by doing more at Freddie Mac! Our internships and graduate programs give you the opportunity to address a variety of daring roles and make your mark on several projects. From day one, you'll gain confidence, see your ideas take shape and build a network of people who are invested in your success. You will also take part in many exciting learning and development opportunities, including our Leadership Roundtable series hosted by SVPs from across our division. ​We're not just the next step, we're the right step! ERM's objective is to build strong, effective and efficient risk management in order to help lead risk and capital at one of the country's largest financial institutions. ERM is responsible for independent oversight and assessment of our financial and non-financial risks. We establish and communicate the enterprise risk framework — including corporate risk policies and standards — while promoting a strong risk culture. Our internship offers you an opportunity to make substantial contributions to the company's risk management objectives and provides exposure to a wide spectrum of risk fields that will allow you to build on the knowledge and analytical skills you have acquired through your sophisticated studies. You will work with some of the brightest minds in the financial services industry and develop your knowledge of risk management, all while building valuable skills and making lifelong connections. Upon successful completion of the three-month internship and your advanced degree, you may be extended an opportunity to join our Enterprise Graduate Risk Rotation program - a two-year analyst rotation program that allows you to work in different risk management areas such as Credit, Market and Model risk. Our analyst program is designed to help you build a broad skill set, develop a comprehensive foundation in risk management, and accelerate your career growth by gaining exposure to Freddie Mac's enterprise-level risk management function.

Responsibilities

  • Evaluate and supervise the portfolio against established criteria and make recommendations for maintaining current level of risk or mitigating and reducing risks
  • Develop, use and/or analyze quantitative models that assess the market, credit and/or operational risks of new and existing financial and mortgage products or portfolios
  • Monitor and analyze the organization's market risk exposure on a day-to-day and long-term basis for various financial products, supervising trading limits and reviewing transactions over the established limits
  • Develop, validate or evaluate model input, methodology, implementation and output of models or analytic applications
  • Implement and document sophisticated financial models
  • Provide model use risk assessments based on findings
  • Provide modeling and analytical assistance to a line of business or product area, functioning as day-to-day technical specialist
  • Evaluate and lead risks associated with the company's models and/or model applications
  • Perform model validation reviews, establishing performance thresholds, researching model approaches, or creating alternative models

Requirements

  • Enrolled in full-time graduate degree program or foreign equivalent in Data Analytics, Applied Mathematics, Economics, Econometrics, Quantitative Finance, Statistics, Financial Engineering or related quantitative subject area
  • Three to five years of professional work experience
  • Graduating in either December 2025 or May 2026

Nice-to-haves

  • Excellent oral and written communications skills
  • Strong analytical skills
  • Experience working with large data sets
  • Experience with economic and/or financial modeling, including advanced econometric/statistics estimation techniques
  • Programming experience in Python, R, or other similar software applications
  • Proficient in MS Office Suite, specifically Excel and PowerPoint
  • Experience with MicroStrategy and/or Tableau

Benefits

  • Competitive compensation
  • Market-leading benefit programs
  • Access to targeted training courses
  • Exposure to senior management
  • Support and guidance from dedicated program managers, experienced rotational analysts and knowledgeable mentors
  • Participation in organized community service events
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