Freddie Mac
Overview
At Freddie Mac, our mission of Making Home Possible is at the core of what we do. Since 1970 we have helped more than 90 million families across the country. Join an organization where your work contributes to a greater purpose. Application Window
We will accept applications for this position until 10/13. Position Overview
This program is a two-year full-time rotational program crafted to develop the future portfolio managers at Freddie Mac. The goal is to provide analysts with the opportunity to gain a unique experience working across a broad spectrum of Freddie Mac’s capital markets desks. The key focus is to develop future portfolio managers by providing real-world training experiences with the goal of learning the full mortgage capital markets life cycle while also providing desk-specific knowledge. Analysts will be mentored by and work alongside best-in-class professionals on various desks to analyze and support our mission of Making Home Possible. Your experience will expose you to different styles of desks and multiple fixed income markets (including trading such as 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 buckets. Desks & Rotations
Front-End: Gaining knowledge of how Freddie Mac prices its business, including upfront loan pricing, pool securitization and unsecured debt funding through a rotation on either Single Family Pricing, Cash Window or Treasury/Liquidity Investments.
Non-Credit Risk at Freddie: Understanding Freddie Mac’s retained risks, such as interest rate risk, counterparty risk, and investment risk through a rotation on Asset Liability Management, Retained Portfolio Investments or Counterparty Risk Management.
Credit Risk: Learning how Freddie Mac manages its credit risk through rotating on one of the securitized products related desks, including STACR, ACIS, Servicing Capital Markets and Loan Portfolio Management and Structuring.
Our Impact
Freddie Mac’s Single Family and Capital Markets Divisions handle 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 firm. We provide cash flow, financing, trading, and capital market expertise that supports our mission of providing liquidity to the housing market and making home possible. Your Impact
In this position, you will support portfolio manager activities by digging into data, projects or desk needs to improve desk functionality or produce analyses that help desks make more educated decisions. You will work as part of a high-performing team in your business area, gaining experience to start building your analytical and interpersonal communication skills. You will gain diverse perspectives working across desks; on one desk you may help support and complete a transaction, while on another desk you may identify trends through data work. As you rotate, you will bring different, educated viewpoints to desks that value your knowledge and expertise. Throughout your rotations, you will learn how the Single Family and Capital Markets divisions interact with the rest of the firm, and you will gain specific expertise about the desks you work on, while having the opportunity to be on both trading and deal-based desks. The program provides mentorship through buddies who are currently in or have graduated from the program, as well as program management and executive mentors. You will be matched with a colleague who will answer questions, assist through challenging situations, and provide feedback throughout rotations. 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
Qualifications
Pursuing a Bachelor’s degree, preferably in Economics, Finance, Business, Statistics, Engineering and/or Math
Availability to begin full-time employment in January 2026 or June 2026 depending on graduation date
Graduating in Fall 2025 or Spring 2026
Some background and demonstrable interest in Finance, especially Capital Markets
Keys to Success in this Role
Ability to learn quickly and pick up new skills/concepts
Outstanding communication skills, both written and verbal
Strong problem-solving ability
Microsoft Office skills are required; additional quantitative skills preferred
Must be a great teammate and able to work collaboratively
Comfortable working in a fast-paced trading floor environment
Attention to detail, exercise sound judgment and handle sensitive information with discretion
Remain aware of industry-related news and analyze the implications of news/industry developments
Apply a learning mindset and take ownership for your development
At the conclusion of the rotation period, analysts are encouraged to apply for a full-time position within the company. The internal application process is required, and guidance for securing a full-time opportunity will be provided. Employment opportunities post-rotational program are not guaranteed and depend on business needs, performance evaluations, and available positions. Current Freddie Mac employees please apply through the internal career site. 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, disability, pregnancy, or any other protected category under applicable laws. We will provide 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. A safe and secure environment is critical to Freddie Mac’s business. This includes adherence to our acceptable use policy, regulatory mandates, and privacy & security obligations as required via training programs. CA Applicants:
Qualified applications with arrest or conviction records will be considered in accordance with the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act. Time-type: Full time. FLSA Status: Non-Exempt. Freddie Mac offers a comprehensive total rewards package including competitive compensation and benefit programs. Information on these programs is available on our Careers site. This position has an annualized market-based salary range of $62,000 - $92,000 and is eligible to participate in the annual incentive program. The final salary offered will generally fall within this range and depend on factors including responsibilities, experience, and other qualifications.
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At Freddie Mac, our mission of Making Home Possible is at the core of what we do. Since 1970 we have helped more than 90 million families across the country. Join an organization where your work contributes to a greater purpose. Application Window
We will accept applications for this position until 10/13. Position Overview
This program is a two-year full-time rotational program crafted to develop the future portfolio managers at Freddie Mac. The goal is to provide analysts with the opportunity to gain a unique experience working across a broad spectrum of Freddie Mac’s capital markets desks. The key focus is to develop future portfolio managers by providing real-world training experiences with the goal of learning the full mortgage capital markets life cycle while also providing desk-specific knowledge. Analysts will be mentored by and work alongside best-in-class professionals on various desks to analyze and support our mission of Making Home Possible. Your experience will expose you to different styles of desks and multiple fixed income markets (including trading such as 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 buckets. Desks & Rotations
Front-End: Gaining knowledge of how Freddie Mac prices its business, including upfront loan pricing, pool securitization and unsecured debt funding through a rotation on either Single Family Pricing, Cash Window or Treasury/Liquidity Investments.
Non-Credit Risk at Freddie: Understanding Freddie Mac’s retained risks, such as interest rate risk, counterparty risk, and investment risk through a rotation on Asset Liability Management, Retained Portfolio Investments or Counterparty Risk Management.
Credit Risk: Learning how Freddie Mac manages its credit risk through rotating on one of the securitized products related desks, including STACR, ACIS, Servicing Capital Markets and Loan Portfolio Management and Structuring.
Our Impact
Freddie Mac’s Single Family and Capital Markets Divisions handle 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 firm. We provide cash flow, financing, trading, and capital market expertise that supports our mission of providing liquidity to the housing market and making home possible. Your Impact
In this position, you will support portfolio manager activities by digging into data, projects or desk needs to improve desk functionality or produce analyses that help desks make more educated decisions. You will work as part of a high-performing team in your business area, gaining experience to start building your analytical and interpersonal communication skills. You will gain diverse perspectives working across desks; on one desk you may help support and complete a transaction, while on another desk you may identify trends through data work. As you rotate, you will bring different, educated viewpoints to desks that value your knowledge and expertise. Throughout your rotations, you will learn how the Single Family and Capital Markets divisions interact with the rest of the firm, and you will gain specific expertise about the desks you work on, while having the opportunity to be on both trading and deal-based desks. The program provides mentorship through buddies who are currently in or have graduated from the program, as well as program management and executive mentors. You will be matched with a colleague who will answer questions, assist through challenging situations, and provide feedback throughout rotations. 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
Qualifications
Pursuing a Bachelor’s degree, preferably in Economics, Finance, Business, Statistics, Engineering and/or Math
Availability to begin full-time employment in January 2026 or June 2026 depending on graduation date
Graduating in Fall 2025 or Spring 2026
Some background and demonstrable interest in Finance, especially Capital Markets
Keys to Success in this Role
Ability to learn quickly and pick up new skills/concepts
Outstanding communication skills, both written and verbal
Strong problem-solving ability
Microsoft Office skills are required; additional quantitative skills preferred
Must be a great teammate and able to work collaboratively
Comfortable working in a fast-paced trading floor environment
Attention to detail, exercise sound judgment and handle sensitive information with discretion
Remain aware of industry-related news and analyze the implications of news/industry developments
Apply a learning mindset and take ownership for your development
At the conclusion of the rotation period, analysts are encouraged to apply for a full-time position within the company. The internal application process is required, and guidance for securing a full-time opportunity will be provided. Employment opportunities post-rotational program are not guaranteed and depend on business needs, performance evaluations, and available positions. Current Freddie Mac employees please apply through the internal career site. 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, disability, pregnancy, or any other protected category under applicable laws. We will provide 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. A safe and secure environment is critical to Freddie Mac’s business. This includes adherence to our acceptable use policy, regulatory mandates, and privacy & security obligations as required via training programs. CA Applicants:
Qualified applications with arrest or conviction records will be considered in accordance with the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act. Time-type: Full time. FLSA Status: Non-Exempt. Freddie Mac offers a comprehensive total rewards package including competitive compensation and benefit programs. Information on these programs is available on our Careers site. This position has an annualized market-based salary range of $62,000 - $92,000 and is eligible to participate in the annual incentive program. The final salary offered will generally fall within this range and depend on factors including responsibilities, experience, and other qualifications.
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