Company Description

At Fannie Mae, futures are made. The inspiring work we do helps make a home a possibility for millions of homeowners and renters. Every day offers compelling opportunities to impact the future of the housing industry while being part of an inclusive team thriving in an energizing, flexible environment. Here, you will grow your career and help create access to fair, affordable housing finance.

Job Description

As a valued colleague on our team, you will provide expert advice on, and guide team in, assessing and identifying potential risks that may threaten our reputation, safety, security, and/or financial success. As a part of the first line of defense risk team, you will work with leadership and key roles across the COO modeling area to assess, communicate, and collaborate consistent model management lifecycle governance practices.

THE IMPACT YOU WILL MAKE

The Enterprise Analytics and Modeling - Risk Management - Lead Associate role will offer you the flexibility to make each day your own, while working alongside people who care so that you can deliver on the following responsibilities:

Guide team in preparing analyses and reports used to determine business areas that pose potential risks to the enterprise.  
Guide team in preparing analyses and reports used to evaluate the impact of proposed risks to the enterprise.
Coordinate with Model Risk Management (2nd Line of Defense) to disseminate policy and procedures updates, training, and provide formal interpretation and consultation.
Provide review and recommendations representing the 1st line of defense for Model Risk Mgmt Policy & Standard updates.
Partner, respond to needs, and ensure ongoing governance support for Model Mgmt Lifecyle Model Owners and Users.
Support and provide model governance-related items for Federal Housing Finance Agency (FHFA) exams and meetings as needed 
Lead team in monitoring information and processes to reduce risk using rigorous analysis.  
Review effectiveness of documented resolutions and control guidelines.

Qualifications

THE EXPERIENCE YOU BRING TO THE TEAM

Minimum Required Experiences

 4 years in Risk Management, Data Science, Model Development, Model Validation (or combination thereof)

Desired Experiences  

Bachelor degree or equivalent
Experience in Banking, Insurance, or Fintech
Regulatory or Audit experience
Ability to effectively communicate complex risk concepts to cross-functional teams
Basic understanding of quantitative/statistical/ML/AI modeling methodologies

Additional Information

The future is what you make it to be. Discover compelling opportunities at careers.fanniemae.com.

Fannie Mae is a flexible hybrid company. We embrace flexibility for our employees to work where they choose, while also providing office space for in-person work if desired. At times, business need may call for on-site collaboration, which means proximity within a reasonable commute to your designated office location is preferred unless job is noted as open to remote.

Fannie Mae is an Equal Opportunity Employer, which means we are committed to fostering a diverse and inclusive workplace. All qualified applicants will receive consideration for employment without regard to race, religion, national origin, gender, gender identity, sexual orientation, personal appearance, protected veteran status, disability, age, or other legally protected status. For individuals with disabilities who would like to request an accommodation in the application process, email us at careers_mailbox@fanniemae.com.

The hiring range for this role is set forth on each of our job postings located on Fannie Maes Career Site. Final salaries will generally vary within that range based on factors that include but are not limited to, skill set, depth of experience, certifications, and other relevant qualifications. This position is eligible to participate in a Fannie Mae incentive program (subject to the terms of the program). As part of our comprehensive benefits package, Fannie Mae offers a broad range of Health, Life, Voluntary Lifestyle, and other benefits and perks that enhance an employee’s physical, mental, emotional, and financial well-being. See more here.