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Full-Time

Lead Internal Auditor

Finance and Single Family, Flexible Hybrid

Confirmed live in the last 24 hours

Fannie Mae

Fannie Mae

10,001+ employees

Facilitates affordable housing through mortgage financing

Real Estate
Financial Services

Mid, Senior

Plano, TX, USA

Flexible hybrid work model.

Category
Risk & Compliance
Legal & Compliance
Required Skills
Management
Data Analysis
Requirements
  • 4 years of related professional experience
  • CPA, CISA or CIA required
Responsibilities
  • Apply technical knowledge and expertise to lead internal audits and reviews across Fannie Mae’s Finance and Single-Family divisions. Use a risk-based approach to develop and adjust audit plans as appropriate and determine areas requiring additional analysis.
  • Provide day-to-day project leadership ensuring projects are completed on-time and within scope and budget. Monitor team progress, manage project budgets, and provide technical guidance and on-going coaching to other Auditors.
  • Collaborate with modeling and technology audit partners to define project scope and develop an integrated testing strategy.
  • Identify opportunities to utilize data analytics and emerging technologies to increase efficiency and effectiveness in audits through data driven insights and full population testing.
  • Conduct first-level review of work and documentation, leveraging guidance from Audit Management as needed. Review and finalize staff work papers and deliverables with Audit Management. Develop audit reports with Audit Management.
  • Inspire and motivate team members to achieve results.
  • Lead meetings with internal and external stakeholders to effectively communicate audit issues, results and project status.
  • Build and maintain relationships with business partners. Provide advice and share Internal Audit knowledge with business partner managers and staff to strengthen governance, risk, and control environments.
  • Engage in continuous risk assessments and monitoring of emerging and existing risks confronting Fannie Mae’s Finance and Single-Family divisions.

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.