Full-Time

Deputy General Counsel – Senior Director Enterprise Legal

Posted on 9/9/2024

Fannie Mae

Fannie Mae

10,001+ employees

Facilitates affordable housing through mortgage financing

Social Impact
Financial Services

Senior

Washington, DC, USA

Listed as remote but includes Washington, DC as a specific location.

Category
Legal
Risk & Compliance
Legal & Compliance
Requirements
  • 8 years of relevant legal experience, ideally working in a corporation’s legal department and/or at a reputable law firm.
  • Thorough understanding of and working experience with legal and regulatory requirements relating to privacy, cybersecurity, transactions, and emerging technology relevant to the financial services industry.
  • Demonstrated experience in providing legal support and strategic advice to senior-level management.
  • Excellent interpersonal skills, including the ability to work effectively across various levels and business functions.
  • A track record of leading, mentoring, and developing strong legal teams and growing talent.
  • Manage outside counsel effectively.
  • Juris Doctorate from an ABA-approved law school and active member of the Bar.
  • Strong analytical, problem-solving, and project management skills.
  • Excellent verbal, interpersonal, organizational, influencing, and negotiation skills.
  • Excellent presentation and advocacy skills with the ability to summarize and simplify complex topics and provide clear options.
  • Ability to collaborate, persuade, and coordinate with multiple parties (internal and external).
  • Experience with incident preparedness, management, and response.
  • International Association of Privacy Professionals (IAPP) or information security certification (e.g., GISF, GSEC, GLEG) preferred.
  • Experience with information security standards, frameworks (e.g., SOC, NIST, ISO).
Responsibilities
  • Provide legal advice and strategic expertise to the Enterprise’s business teams regarding data privacy, cybersecurity, and transactions.
  • Serve as trusted advisor to the Vice President, Deputy General Counsel Data, Technology, & Transactions, and business partners throughout the organization.
  • Stay current on changes and developments in privacy, cybersecurity, and emerging technology (including AI/ML) laws, regulations, standards, and guidance related to their use.
  • Advise and assist in negotiating agreements related to technology products and services, privacy, data protection, and cybersecurity.
  • Contribute to policy and advocacy efforts including policy, standard and procedure reviews.
  • Lead, motivate, and develop a high-performing team of legal professionals.

Fannie Mae operates in the U.S. housing finance system by purchasing mortgages from lenders, which helps provide them with the cash flow needed to offer more loans to consumers. 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 spreads risk and ensures a steady flow of capital back 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 aims to facilitate access to affordable housing and is recognized for its commitment to diversity, inclusion, and community service.

Company Stage

IPO

Total Funding

N/A

Headquarters

Washington, District of Columbia

Founded

1938

Simplify Jobs

Simplify's Take

What believers are saying

  • CAS issuance in 2025 expected to reach $4 billion, enhancing risk management.
  • Desktop Underwriter 12.0 launch may streamline mortgage approvals, boosting loan origination.
  • Scott Stowell's board appointment strengthens strategic insights into the homebuilding sector.

What critics are saying

  • Potential interest rate hikes in 2025 could raise mortgage rates, affecting affordability.
  • Labor shortages in construction may worsen housing affordability, challenging Fannie Mae's mission.
  • CAS reliance exposes Fannie Mae to market volatility, impacting credit risk transfer strategy.

What makes Fannie Mae unique

  • Fannie Mae's CRT strategies like CAS and CIRT diversify risk and attract investors.
  • Desktop Underwriter 12.0 enhances mortgage approval efficiency with a focus on credit risks.
  • MPF Program expands Native American lending, promoting equitable homeownership access.

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