Full-Time

Senior Internal Auditor

ERM and C&E, Flexible Hybrid

Posted on 9/29/2024

Fannie Mae

Fannie Mae

10,001+ employees

Facilitates mortgage financing and liquidity

No salary listed

Junior

Washington, DC, USA

Flexible hybrid work model.

Category
Risk & Compliance
Legal & Compliance
Requirements
  • 2 years relevant experience
  • CIA, CPA, CISA certification strongly preferred or in the processes of obtaining.
  • Must be knowledgeable of the audit life cycle, including planning, design assessment, operating effectiveness testing, reporting, and issue monitoring.
  • Skilled in the Microsoft Office Suite.
Responsibilities
  • Assist with audit planning and drafting initial audit scope. Document details of planning and walkthrough meetings. Assist in identifying controls to mitigate potential risk factors within assigned process/areas. Contribute to the development and maintenance of risk-based audit plans. Develop, document and execute audit test steps in partnership with more senior team members.
  • Assist in evaluating controls and in identifying control gaps. Conduct substantive testing, such as tests of detailed activities and transactions or analytical review tests.
  • Document and maintain sufficient supporting information (such as flowcharts of end-to-end business processes) and facilitate the presentation of findings and conclusions in accordance with work paper standards. Identify and discuss audit findings with audit team and document exceptions. Assist with drafting audit reports and other key deliverables.
  • Assist in coaching more junior team members on projects to help with their development.

Fannie Mae operates in the U.S. housing finance market by purchasing mortgages from lenders, which helps these lenders maintain cash flow to offer more loans. The company buys mortgages from banks and financial institutions, holding some in its portfolio while packaging others into mortgage-backed securities (MBS) that are sold to investors. This process provides a steady flow of capital back into the housing market, promoting homeownership and rental opportunities. Fannie Mae earns revenue through fees for guaranteeing MBS payments and interest from its mortgage portfolio. The company aims to facilitate access to affordable housing and is recognized for its commitment to diversity, inclusion, and community service.

Company Size

10,001+

Company Stage

IPO

Headquarters

Washington DC, District of Columbia

Founded

1938

Simplify Jobs

Simplify's Take

What believers are saying

  • Integration with Vice Capital Markets enhances mortgage loan pricing efficiency.
  • Expected mortgage rate decline to 6.3% could boost home sales and securitization.
  • New board members may drive innovation and growth at Fannie Mae.

What critics are saying

  • Layoffs due to ethical concerns could harm reputation and employee morale.
  • Reservation for credit losses indicates potential fraud detection vulnerabilities.
  • Technical issues in new Loan Pricing API could pose security risks.

What makes Fannie Mae unique

  • Fannie Mae is a cornerstone of the U.S. housing finance system.
  • It provides liquidity by purchasing mortgages from lenders and issuing MBS.
  • Fannie Mae is recognized for its commitment to diversity and community service.

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Benefits

Flexible Work Hours

Company News

Inman
Apr 15th, 2025
'MAGA world's premier financier' joins Fannie Mae board of directors

Stucky, who, according to his LinkedIn profile, is a retired heating, ventilation and air conditioning (HVAC) executive, was appointed vice chair of Fannie Mae's board on April 10, the company disclosed Monday in a regulatory filing.

HousingWire
Apr 14th, 2025
Business executive Omeed Malik joins Fannie Mae's board

Business executive Omeed Malik joins Fannie Mae's board.

The Times of India
Apr 9th, 2025
US company lays off 200 Indian-Americans in 'donation scam' related to Telugu organisations; similar to firing at Apple

Fannie Mae recently laid off 700 employees, with approximately 200, predominantly of Telugu origin, dismissed on ethical grounds.

Inman
Apr 8th, 2025
Fannie Mae lays off 100 workers citing unethical conduct

Fannie Mae lays off 100 workers citing unethical conduct.

HousingWire
Apr 7th, 2025
Florida home prices drop on rising inventory, but sales haven't followed suit

Reports suggest that 700 people were laid off at Fannie Mae last Thursday and Friday, but no official announcements have been issued.

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