Capital Markets Analyst - Market

At Freddie Mac, our mission of Making Home Possible is what motivates us, and it’s at the core of everything we do. Since our charter in 1970, we have made home possible for more than 90 million families across the country. Join an organization where your work contributes to a greater purpose.

This analyst position is crafted to develop future portfolio leaders at Freddie Mac by providing real world training experiences with the goal of learning the full mortgage capital markets life cycle while also providing desk-specific knowledge. The goal is to provide analysts with the opportunity to gain unique experience working across a broad spectrum of Freddie Mac’s capital markets desks.

Analysts will get a chance to learn, be mentored by and work alongside best-in-class professionals on various desks to analyze and support our mission of Making Home Possible. At the conclusion of the rotation period, analysts are encouraged to apply for a full-time position within the company.

Your experience will expose you to different styles of desks and multiple fixed income markets (including trading e.g. MBS/TBA, derivatives, US Treasuries, etc. and structuring unique products) through up to four six-month rotations, with at least one rotation on a desk in each of the following three areas:

• Gaining knowledge of how Freddie Mac prices, including upfront loan pricing, pool securitization and unsecured debt funding through a rotation on either Single-Family Pricing, Cash Window or Treasury/Liquidity Investments

• Understanding Freddie Mac’s retained risks, on desks such as Asset Liability Management, Retained Portfolio Investments or Counter party Risk Management

• Learning how Freddie Mac manages its credit risk, through the securitized products related desks, including STACR, ACIS, Servicing Capital Markets and Loan Portfolio Management & Structuring

Freddie Mac’s Single Family and Capital Markets Divisions are responsible for handling the $3.4 trillion mortgage guarantee and investment portfolios through secondary mortgage market activities such as asset-liability management, loan purchases, servicing transactions, securitization, debt issuance and credit risk transfer.

You’ll be part of a team that is intellectually curious, creative, analytical, and passionate about markets, managing risk and adding value to the overall firm. We provide the cash flow, financing, trading, and capital market expertise that allows the company to achieve its stated mission of providing liquidity to the house market and making home possible.

In this position, you will be supporting portfolio manager activities by digging into data, projects, or desk needs to improve desk functionality or produce analyses that will help the desks make more educated decisions.

You will be working as part of a high-performing team in your business area, gaining experience to begin building your analytical and interpersonal communication skills, and gaining diverse perspectives working across desks. You will use the knowledge and experiences from each rotation to bring different, educated viewpoints to desks that embrace your knowledge and expertise.

Throughout your rotations, you will learn not only how the Single Family and Capital Markets divisions work and interact with the rest of the firm, but you will pick up specific expertise about the desks you work on, while having the opportunity to be on both trading and deal-based desks.

Through these rotations, analysts will build the following proficiencies and opportunities:

• Fixed income valuation and financial transaction analysis
• Expertise in the U.S. Economy/Fixed Income markets
• Knowledge of primary and secondary mortgage financial system
• Quantitative abilities (e.g., Advanced Excel, SQL, SAS, Python, R)
• Professional networking skills and opportunities within the company and industry
• Mentorships to help guide your career
• Social community of analysts

• Pursuing a bachelor's degree, preferably but not only in Economics, Finance, Business, Statistics, Engineering and/or Math.
• Availability to begin full-time employment in January…