Full-Time
Lead Internal Auditor
Capital Markets, Flexible Hybrid
Confirmed live in the last 24 hours
Fannie Mae
10,001+ employees
Facilitates affordable housing through mortgage financing
Mid, Senior
Plano, TX, USA
Flexible hybrid work model.
- 4 years of relevant experience
- Bachelor's degree or equivalent
- Master's and/or MBA, preferred
- Professional certification, such as CPA, CIA, CIDA, FRM, PRM, CFA, preferred
- Understand audit process (planning, fieldwork, and reporting)
- Demonstrate an understanding of the Money Markets: Agency Securities, Treasury Bills, Repurchase Agreements, Fed Funds
- Demonstrate an understanding of Capital Market Classification, Primary Market, Secondary Market
- Demonstrate an understanding of Fixed Income Securities: Treasury Bond, Agency Bonds, Mortgage Backed Securities
- Demonstrate an understanding of the derivatives instruments (Swaps, Forwards, Futures, Options), categories (Option and forward type contracts), Exchange Traded and Over the Counter
- Demonstrate an understanding of hedging theory (hedge constructing, long vs short) and related strategies to manage risks
- Demonstrate an understanding of the Mortgage Pass Through Securities including related risks such as negative convexity, Yield Uncertainty, prepayment speed estimates
- Demonstrate an understanding of Structured Finance, such as Credit Risk Transfer, Collateralized Mortgage Obligations (CMO)
- Demonstrate an understanding of Risk Management (Liquidity Risk Management, Interest Rate Risk Management), Performance Reporting, Asset and Liability Management
- Demonstrate an understanding of Trading Infrastructure including but not limited to trading function, portfolio management, trade settlement
- Risk assessment and management skills including evaluating and designing controls, conducting impact assessments, identifying control gaps, and remediating risk
- Skilled in presenting information and/or ideas to an audience in a way that is engaging and easy to understand
- Experience gathering accurate information to explain concepts and answer critical questions
- Strong written and verbal communication skills
- Experience analyzing data to identify trends or relationships to inform conclusions about the data
- Skilled in TeamMate for audit solutions
- Skilled in Excel
- Skilled in Microsoft Teams
- Collaborate with business partners to assess the process risks and controls
- Work closely with team members to develop strategies and methodologies to assess design of the controls and operating effectiveness.
- Develop conclusions based on outcome of work and data to provide recommendations and support business partners in achieving their objectives.
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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