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Full-Time

Cloud Security Architecture Principal

Hybrid

Posted on 7/23/2024

Fannie Mae

Fannie Mae

10,001+ employees

Facilitates affordable housing through mortgage financing

Fintech
Financial Services

Expert

Reston, VA, USA

Category
Cybersecurity
IT & Security
Required Skills
AWS
Requirements
  • Bachelor's degree or equivalent
  • 5+ years of experience in Cyber Security field as an Information Security Architect or Cloud Security Architect
  • 4+ years of experience in AWS as a Cloud Security Architect/Engineer
  • Certification in cloud technologies/infrastructures (e.g., CISSP, CCSK, CISA, CISM, CEH)
  • Minimum of 5 years of experience in IT security risk assessments and related frameworks (e.g., NIST 800 series, ISO 27000 series, IT General Controls)
  • Strong knowledge of AWS Infrastructure services
Responsibilities
  • Partner with Enterprise/Portfolio Architecture team and Business Units development squads to develop security architectures/designs
  • Drive the development and adoption of cloud security standards and best practices within Enterprise IT infrastructure
  • Liaise on security-related issues with internal stakeholders and application development squads
  • Develop, enhance, and document security architecture, policies, procedures, guidelines, and standards for cloud-based solutions
  • Educate architects on secure solution design and industry best security practices
  • Perform threat modeling and update application security architecture
  • Support application development squads with Security implementations and issues

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 into the housing market, promoting homeownership and rental opportunities. Fannie Mae earns revenue through fees for guaranteeing payments on MBS 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

N/A

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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.
INACTIVE