Full-Time
Lead Storage/Backup Engineer
Posted on 12/3/2024
Fannie Mae
10,001+ employees
Facilitates affordable housing through mortgage financing
Mid
Remote in USA + 1 more
More locations: Plano, TX, USA
Open to remote work.
- 4 years of experience
- Bachelor degree or equivalent
- Knowledge in backup, recovery, and data protection solutions.
- Experience designing a multi-site, multi-petabyte data protection solution
- Experience completing upgrade and transformation projects
- Experience certifying new product versions and integrating automated software deployment tools.
- Experience with Veritas NetBackup and AWS Backup
- Experience with AWS storage offerings such as S3, EBS, etc
- Experience with operating systems like Microsoft Windows, SuSE Linux, RedHat Enterprise Linux, and VMWare
- AWS or Azure Cloud Certification
- Apply your advanced skills and knowledge to develop solutions for application design and IT infrastructure components.
- Understand the end-to-end performance of IT platforms and account for interrelated functionality and processes when developing designs.
- Establish and maintain policies, guidelines, and standard operating procedures.
- Monitor performance and capacity metrics for technology solutions and lead the team in addressing identified issues.
Fannie Mae operates in the U.S. housing finance market, focusing on making housing more affordable for homeowners, homebuyers, and renters. The company achieves this by purchasing mortgages from lenders, which provides these lenders with the cash flow needed to offer more loans. Fannie Mae's business model includes holding some of these mortgages in its portfolio and packaging others into mortgage-backed securities (MBS) that are sold to investors. This process helps spread risk and ensures a steady flow of capital into the housing market, promoting homeownership and rental opportunities. Fannie Mae generates revenue through fees for guaranteeing MBS payments and from interest on its mortgage portfolio. The company is committed to community service and workplace diversity, earning recognition for its inclusive practices and positive work environment.
Company Stage
IPO
Total Funding
N/A
Headquarters
Washington, District of Columbia
Founded
N/A
Simplify's Take
What believers are saying
- Fannie Mae's strategic initiatives, such as the MH Advantage program, offer new affordable housing options, potentially expanding their market reach.
- The company's robust issuance program, like the $659 million Connecticut Avenue Securities deal, demonstrates its strong position in the credit risk-sharing market.
- Recognition for corporate responsibility and impact, as highlighted in their 2023 CRI Report, enhances Fannie Mae's reputation and stakeholder trust.
What critics are saying
- The ongoing affordability constraints in the housing market could limit the number of buyers, impacting Fannie Mae's business volume.
- Economic uncertainties, such as potential GDP growth downgrades and inflation volatility, could affect the housing market and Fannie Mae's financial performance.
What makes Fannie Mae unique
- Fannie Mae's role as a government-sponsored enterprise uniquely positions it to provide liquidity and stability in the U.S. housing market, unlike private sector competitors.
- Their ability to package purchased mortgages into mortgage-backed securities (MBS) and sell them to investors spreads risk and ensures a steady flow of capital back into the housing market.
- Fannie Mae's commitment to community service, diversity, and inclusion, as evidenced by numerous accolades, sets it apart in the financial services sector.
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