Full-Time

Lead Multifamily Credit Risk Internal Auditor

Flexible Hybrid

Confirmed live in the last 24 hours

Fannie Mae

Fannie Mae

10,001+ employees

Facilitates affordable housing through mortgage financing

Financial Services
Real Estate

Mid, Senior

Washington, DC, USA

Flexible hybrid work model.

Category
Legal
Risk & Compliance
Legal & Compliance
Required Skills
Data Analysis
Requirements
  • 4 years
  • CPA, CISA or CIA required
  • Experience in risk, audit or control roles and/or public accounting
  • Knowledge of credit risk management, commercial real estate and fraud risk
  • Excellent verbal and written communication skills
  • Bachelor degree or equivalent
  • 6 years of audit, risk management, or regulatory experience in a large and complex organization desired
  • Knowledge of mortgage industry and relevant financial products
  • Experience dealing with time sensitive enterprise-wide remediation projects and providing real time feedback on the remediation actions and progress
  • Must understand how businesses operate in general; must be able to learn new methods and technologies easily.
Responsibilities
  • Apply technical knowledge and expertise, including credit risk, commercial mortgage and fraud risk knowledge to lead internal audits and reviews across Fannie Mae’s Multifamily division.
  • 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 Multifamily division.

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 generates 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

1938

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Simplify's Take

What believers are saying

  • Adoption of digital mortgage platforms enhances efficiency and customer satisfaction.
  • Green mortgages align with Fannie Mae's sustainable housing mission.
  • AI in risk assessment improves credit evaluation accuracy for underwriting.

What critics are saying

  • Rising interest rates may reduce demand for refinancing and new mortgages.
  • New DU software may face adoption and integration challenges.
  • Higher LTV ratios in appraisal alternatives could increase risk if property values decline.

What makes Fannie Mae unique

  • Fannie Mae's mission focuses on equitable access to affordable housing.
  • The company supports the 30-year fixed-rate mortgage, a staple in U.S. housing.
  • Fannie Mae's MBS offerings provide liquidity and stability to the housing market.

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