Enterprise Model Risk - Governance

at

Fannie Mae

Washington, DC
Full Time
8mo ago

Company Description

At Fannie Mae, futures are made. The inspiring work we do makes an affordable home a reality and a difference in the lives of Americans. Every day offers compelling opportunities to modernize the nation's housing finance system while being part of an inclusive team using new, emerging technologies. Here, you will help lead our industry forward, enhance your technical expertise, and make your career.

Job Description

As a valued contributor to our team, you will apply extensive and diversified knowledge of principles, advanced techniques, and theories to create unprecedented solutions for theoretical and empirical research with public and proprietary data in all areas of mortgage finance business, including mortgage products and securities, borrower behavior, investment and hedging strategies, residential property valuation, macroeconomic models including housing prices and interest rate, financial valuation of finance assets and derivatives, economic capital, and stress testing.

THE IMPACT YOU WILL MAKE
The Enterprise Model Risk - Governance 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:

  • Develop and implement model risk policies and procedures to guide sound development, implementation, and use of quantitative techniques throughout the firm.
  • Use open source tools to develop thoughtful metrics for department and firm-wide measurement of model risk.
  • Collaborate with model developers and users to streamline and normalize oversight processes
  • Communicate model risk governance metrics and policies through impactful writing and presentation.
  • Manage interactions with external regulators and auditors
  • Provide oversight in large modeling initiatives for alignment with company policies and industry practices.

 

 

Qualifications

THE EXPERIENCE YOU BRING TO THE TEAM

Minimum Required Experiences

  • 8 years if relevant work experience

Functional 

  • Working with people with different functional expertise respectfully and cooperatively to work toward a common goal
  • Skilled in influencing, negotiating, persuading others and resolving conflict
  • Familiarity with mortgage finance
  • Work experience at a large financial services firm (SIFI or GSIB)
  • Proficient written and oral communication skill in delivering complex technical information to diverse audiences.
  • Demonstrated experience with stakeholder management and interactions with regulatory entities.

Technical 

  • Experience with creation and implementation of governance documents and procedures aligned with AB 2013-07, SR 11-7, OCC 2011-12, or other regulatory guidance
  • Experience with designing and implementing risk measurement frameworks
  • Expertise creating executive presentations for management committees or oversight bodies


Desired Experiences

  • Advanced degree in Statistics, Mathematics, Economics, Social Science or similar applied quantitative field or equivalent senior oversight experience in industry
  • Expert knowledge of model risk regulatory guidance (FHFA AB 2013-07, SR 11-7, OCC 2011-12) and experience with regulatory interactions
  • Expertise with design and strategic implementation of model risk management policies and procedures, design of risk metrics/scorecards
  • Executive presence and deep experience with management committee organization and presentation
  • Deep knowledge of Fannie Mae's business operations and policies or that of the Secondary Mortgage Market

Additional Information

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

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 [email protected]
 

Job ID: REF8744F

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