Full-Time

Operational Risk – Senior Manager

Risk Management

Confirmed live in the last 24 hours

Fannie Mae

Fannie Mae

10,001+ employees

Facilitates affordable housing through mortgage financing

Social Impact
Financial Services

Senior

Washington, DC, USA

Flexible Hybrid.

Category
Risk Management
Finance & Banking
Required Skills
Tableau
Data Analysis
Requirements
  • 6 years
  • Bachelor degree or equivalent
  • Prior experience managing people to include fostering an inclusive and productive team environment, giving feedback, facilitating meetings, and coaching and mentoring.
  • Candidates must possess strong Modeling & Analytics, Mortgage Credit Risk Management and /or secondary market experience to align to each of the vacancies
  • Experience working directly with process owners to anticipate, and manage operational risks effectively though the identification and documentation of risks and controls within processes
  • Experience on a business team with a focus on building, executing, and maintaining a strong set of risks and controls to reduce the risk of process failure.
  • Risk Assessment and Management including evaluating and designing controls, conducting impact assessments, identifying control gaps, and developing risk mitigation activities
  • Relationship Management including managing and engaging stakeholders, customers, and building relationship networks
  • Ability to communicate and tell an appropriate and meaningful narrative to the business about existing and emerging risk
  • Demonstrated ability to successfully influence individuals and decision making across multiple levels and business areas or divisions of an organization.
  • Solves problems impacting their work that may or may not be clearly defined and require applying subject matter expertise to develop solutions
  • Experience gathering accurate information to explain concepts and answer critical questions
  • Collective capabilities for leadership, including leading teams, giving feedback, facilitating meetings, and coaching and mentoring
  • Influencing including negotiating, persuading others, facilitating meetings, and resolving conflict
  • Business Insight including advising, and interpreting customer and industry insights
  • Experience in the process of analyzing data to identify trends or relationships to inform conclusions about the data
  • Strong critical thinking abilities to understand, interpret and document complex business processes in alignment to internal policy, standards, procedures, and regulatory requirements
  • Keen communication skills (written and verbal) in presenting information and/or ideas to an audience in a way that is engaging and easy to understand
  • Experience with organizational transformations, evolution of culture and team development and growth
  • Experience using Risk Works
  • Skilled in InfoPath
  • Experience using SharePoint
  • Skilled in Tableau
  • Skilled in Excel
  • Skilled in Microsoft Teams
  • Experience using DocuSign
Responsibilities
  • Lead the team responsible for determining business areas that pose potential risks to the enterprise and collaborate with leadership to develop and implement processes to identify risks.
  • Manage team efforts to evaluate and report on the impact of proposed risks to the enterprise.
  • Manage information monitoring, processes, and reporting to reduce risk using rigorous analysis, and may assist with implementing updates and changes to the process.
  • Document resolutions and control guidelines.
  • Manage others to review and implement business strategies and make decisions that will drive success in the face of shifting consumer behaviors and regulations.

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 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

  • Adoption of digital mortgage platforms reduces costs and improves customer satisfaction.
  • Green mortgages align with Fannie Mae's mission, promoting sustainable homeownership.
  • AI in risk assessment enhances credit evaluation accuracy, benefiting underwriting processes.

What critics are saying

  • Rising interest rates may decrease demand for new mortgages, impacting Fannie Mae's business.
  • Stricter lending criteria from new credit risk tools could reduce mortgage purchase volume.
  • Changes in appraisal alternatives may expose Fannie Mae to higher risk if property values decline.

What makes Fannie Mae unique

  • Fannie Mae facilitates liquidity by purchasing mortgages and issuing mortgage-backed securities.
  • The company supports affordable housing through initiatives like the Native American Lending Program.
  • Fannie Mae's valuation modernization offers appraisal alternatives, enhancing efficiency in property assessments.

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