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Financial Engineering Jobs (NOW HIRING)

Financial Modeling Software Engineer

Mclean, VA ยท On-site

$109K - $163K/yr

Then welcome to Financial Engineering! This is the place where the financial models become software products, where many of the numbers that drive our business decisions are produced. Our systems are ...

The business uses an advisory and innovation mindset, focused on client needs, with a global leader in financial markets engineering. Global Markets is a leading player in derivatives, with unrivaled ...

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Financial Engineering information

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$76K

$110.8K

$136K

How much do financial engineering jobs pay per year?

As of Jun 7, 2026, the average yearly pay for financial engineering in the United States is $110,812.00, according to ZipRecruiter salary data. Most workers in this role earn between $100,000.00 and $124,500.00 per year, depending on experience, location, and employer.

What is the difference between Financial Engineering vs Quantitative Analyst?

AspectFinancial EngineeringQuantitative Analyst
Required CredentialsDegree in Financial Engineering, Mathematics, or related fields; often certifications like CQFDegree in Finance, Mathematics, or Statistics; certifications like CFA or CQF are common
Work EnvironmentFinancial institutions, hedge funds, investment banks; focus on product development and risk managementTrading desks, asset management firms; focus on data analysis and model development
Employer & Industry UsageUsed in risk management, derivatives pricing, and structured productsUsed in trading strategies, portfolio management, and risk assessment

Financial Engineering and Quantitative Analysts often share similar educational backgrounds and work in related financial sectors. While Financial Engineers focus on creating financial products and managing risks through complex models, Quantitative Analysts primarily analyze data to inform trading and investment decisions. Both roles require strong quantitative skills and often overlap in financial institutions.

What is financial engineering?

Financial engineering is the application of mathematical techniques, computer science, and statistical methods to solve problems and create innovative solutions in finance. Professionals in this field develop new financial products, manage risk, and optimize investment strategies using quantitative models. Financial engineers often work in banks, investment firms, hedge funds, or financial technology companies, helping organizations manage complex financial systems and products. The discipline combines finance, mathematics, statistics, and programming to address challenges in areas like derivatives pricing, risk management, and portfolio optimization.

What are the key skills and qualifications needed to thrive as a Financial Engineer, and why are they important?

To thrive as a Financial Engineer, you need a strong background in quantitative analysis, mathematics, programming, and finance, typically supported by a relevant degree such as financial engineering, mathematics, or computer science. Expertise in programming languages like Python, R, or C++, as well as familiarity with financial modeling software and risk management systems, is essential. Strong problem-solving, analytical thinking, and communication skills set top performers apart in this role. These skills are crucial for designing innovative financial products, managing complex risks, and translating quantitative insights into actionable business strategies.

What are some common challenges faced by financial engineers when implementing quantitative models in real-world financial institutions?

Financial engineers often encounter challenges such as aligning complex quantitative models with existing IT infrastructure and ensuring the models comply with regulatory requirements. Additionally, translating theoretical models into practical, scalable solutions that can handle large volumes of real-time data requires close collaboration with software developers and risk managers. Effective communication with non-technical stakeholders is also crucial, as financial engineers must explain model assumptions and results to decision-makers from diverse backgrounds.
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Financial Modeling Software Engineer

Financial Modeling Software Engineer

Freddie Mac

Mclean, VA โ€ข On-site

$109K - $163K/yr

Full-time

Posted 10 days ago


Job description

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. Continue your career journey where your work contributes to a greater purpose.

Position Overview:

Are you looking to be part of a technology team beyond the ordinary? A place full of exciting challenges and the engineers up to solving them? Then welcome to Financial Engineering!

This is the place where the financial models become software products, where many of the numbers that drive our business decisions are produced. Our systems are used for interest rate and credit risk management, investment analysis and trading, security issuance, automated loan underwriting, distressed loan decisions, economic and regulatory capital, property valuation, financial reporting, economic and GAAP forecasting, and more! If you have finance and/or technology background, experience with critical applications, and thrive on ensuring operational excellence, apply for a Financial Model Development Professional position in the Financial Engineering team.

Our Impact:

The Investments and Capital Markets (I&CM) division is responsible for management of the retained portfolio as well as Freddie Mac's debt funding, liquidity management and interest-rate hedging. The division is also responsible for I&CM securitization.

This role supports Freddie Mac's Counterparty Credit Risk Management activities by delivering scalable, fault-tolerant, and well-governed quantitative models for valuation, risk management, and financial capital forecasting.

Your Impact:
  • Monitor System's Execution in Production

  • Use automated and other tools to detect any problems in the operational environment.

  • Proactively connect with technology and business to resolve operational problems.

  • Implement automation requirements and other technical enhancements.

  • First-line Requirements Validation

  • Actively seek opportunities to continuously improve the quality of systems and processes.

  • Promote industry-leading design practices for mission-critical applications.

  • Analysis and Communication

  • Perform designed or ad-hoc analysis in a constantly evolving and moving environment to support capital markets trading desks.

  • Clearly craft and articulate messages (both written and verbal) related to Finance and Technology to a broad range of audiences

  • Seek and design ways to automate tasks; ideally using Python or other programming languages

Qualifications:
  • 3+ years of experience with analytical tools: SQL, Python, Excel, and similar.

  • Bachelor's Degree in Computer Science or similar discipline.

  • Good knowledge of Fixed Income and/or Finance Analytics.

  • Experience in working with and/or supporting mission-critical applications.

Keys to Success in this Role:
  • Be a good team player with positive mindset.

  • Excellent communication and social skills working in a collaborative team and interacting with business customers.

  • Bringing an analytical and imaginative attitude to work every day.

  • Steadfast attention to business and technical details.

  • Passion to ensure customer happiness and improve processes.

We consider all applicants for all positions without regard to gender, race, color, religion, national origin, age, marital status, veteran status, sexual orientation, gender identity/expression, physical and mental disability, pregnancy, ethnicity, genetic information or any other protected categories under applicable federal, state or local laws. We will ensure that individuals are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

Freddie Mac offers a comprehensive total rewards package to include competitive compensation and market-leading benefit programs. Information on these benefit programs is available on our Careers site.

This position has an annualized market-based salary range of $109,000 - $163,000 and is eligible to participate in the annual incentive program. The final salary offered will generally fall within this range and is dependent on various factors including but not limited to the responsibilities of the position, experience, skill set, internal pay equity and other relevant qualifications of the applicant.Employment Type: FULL_TIME

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About Freddie Mac

Sourced by ZipRecruiter

Today, Freddie Mac makes home possible for one in four home borrowers and is one of the largest sources of financing for multifamily housing. Join our smart, creative and dedicated team and you'll do important work for the housing finance system and make a difference in the lives of others.

Industry

Finance and insurance

Company size

5,001 - 10,000 Employees

Headquarters location

McLean, VA, US

Year founded

1970