Full-Time

Lead Internal Auditor

Finance and Single Family, Flexible Hybrid

Posted on 9/12/2024

Fannie Mae

Fannie Mae

10,001+ employees

Facilitates affordable housing through mortgage financing

Social Impact
Financial Services

Mid, Senior

Plano, TX, USA

Flexible hybrid work model.

Category
Risk & Compliance
Legal & Compliance
Required Skills
Power BI
Python
SQL
Tableau
Data Analysis
Requirements
  • 4 years of related professional experience
  • CPA, CISA or CIA required
  • Bachelor's degree or equivalent in Internal Audit, Business Administration, Finance, Accounting, and/or Information Systems.
  • 6 years of audit, risk management, or regulatory experience in a large and complex organization desired
  • Ability to be flexible with changing priorities and able to manage multiple projects concurrently with minimal direction.
  • Experience working with people with a different functional expertise respectfully and cooperatively to work toward a common goal.
  • Experience with process, risk and control assessments, including evaluating the design adequacy and operating effectiveness of controls and identifying and assessing the risk impact of control gaps of operational and financial reporting processes.
  • Experience providing credible challenge, both written and verbal, to management and stakeholder/customers.
  • Experience communicating audit or risk assessment results, both written and verbal, to management and stakeholder/customers.
  • Superior problem solving, critical thinking, and data analysis skills.
  • Experience analyzing data to identify trends or relationships to inform conclusions about the data.
  • Influencing skills including negotiating, persuading others, facilitating meetings, and resolving conflict.
  • Relationship management skills including managing and engaging stakeholders, customers, vendors, and building relationship networks.
  • Skilled in information retrieval including fact gathering, conducting focus groups and interviews, and designing surveys.
  • Skilled in the graphical representation of information in the form of a charts, diagrams, pictures, and dashboards with programs and tools such as Excel, Tableau, or Power BI.
  • Skilled in presenting information and/or ideas to an audience in a way that is engaging and easy to understand.
  • Skilled in Microsoft Product Suite (MS Teams, Excel, SharePoint, Word, etc.)
  • Skilled in Alteryx, SQL and/or Python for data analytics applications.
  • Experience using Adobe Acrobat, SQL
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 back into the housing market, promoting homeownership and rental opportunities. Fannie Mae earns 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

  • AI integration in underwriting reduces default rates, enhancing Fannie Mae's risk management.
  • Green mortgages align with Fannie Mae's mission for sustainable housing solutions.
  • Digital mortgage platforms improve application processes, boosting customer satisfaction.

What critics are saying

  • Desktop Underwriter 12.0 may cause delays if lenders resist new credit risk focus.
  • Labor shortages could challenge Fannie Mae's affordable housing initiatives.
  • Higher loan-to-value ratios in appraisal alternatives may increase financial risk.

What makes Fannie Mae unique

  • Fannie Mae's Desktop Underwriter 12.0 enhances credit risk assessment for mortgage approvals.
  • The MPF Program expands lending to Native Americans on tribal trust lands.
  • Fannie Mae's valuation modernization offers appraisal alternatives to streamline property value assessments.

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