Modeling Risk Management Senior Associate (Flexible Hybrid)

Company Description

At Fannie Mae, futures are made. The inspiring work we do helps make a home a possibility for millions of homeowners and renters. Every day offers compelling opportunities to impact the future of the housing industry while being part of an inclusive team thriving in an energizing, flexible environment. Here, you will grow your career and help create access to fair, affordable housing finance.

Job Description

The Modeling Risk Management Senior Associate (Flexible Hybrid) will join the Model Governance Solutions (MGS) team. The MGS team has responsibility to drive efficiency, consistency, compliance, and sustainability in first-line model governance activities across the enterprise, and has the following three strategic objectives:

• Driving efficiencies in model management by developing clear and actionable governance, integrating relevant external guidance, and developing tools that simplify processes.
• Ensuring risk-based execution and compliance of all internal model-related standards and policies by training, reporting, and monitoring applicable processes.
• Acting as a representative with Model Risk Management and other relevant stakeholders on behalf of Model Owners, Users, Developers, and Application Owners
  
  

As a valued colleague on our team, you will contribute to assessing and identifying potential risks that may threaten our reputation, safety, security, and/or financial success, as well as collaborate with team in communicating and collaborating with key stakeholders across the enterprise, and understanding business objectives

THE IMPACT YOU WILL MAKE

Responsibilities

The Modeling Risk Management Senior Associate (Flexible Hybrid) role will offer you the flexibility to make each day your own, while working alongside people who care so that you can deliver on the following responsibilities:

• Working with teams in providing innovative, thorough, and practical solutions that support business strategies and initiatives.
• Identifying opportunities to apply quantitative and/or qualitative methods to improve business performance.
• Applying advanced skill, knowledge, and/or experience while working in teams to complete modeling projects aligned with established company policies and industry-wide modeling practices.
• Contribute to assessing the risk of models, to interpret model results, monitor performance, and assess risks
• Communicate technical subject matter clearly and concisely to department leadership and teams.
• Support business partners with the execution of model governance compliance
• Participating with teams to support closure of model governance-related critical supervisory matters, matters requiring attention, management self-identified, and all other issues.
• Performing review of model governance requirements, including documentation, to ensure applicable requirements are met.
• Identifying, scope, and execute on process improvements.
• Facilitating information requests and related reporting activities across various stakeholders.
• Maintaining information and processes to reduce risk using rigorous analysis.
• Individually perform or partner with team members to obtain resolutions to outstanding items and follow up on deliverables.
• Maintaining status with relevant industry and regulatory standards, best practices, and business processes used in model risk management.
• Determine business areas that pose potential risks to the enterprise.
• Evaluate the impact of proposed risks to the enterprise.
• Monitor and report on information and processes to reduce risk using rigorous analysis.
• Document and report on resolutions and control guidelines.
• Partner with the team to review business strategies, and make decisions that will drive success in the face of shifting consumer behaviors and regulations.
  
  

Qualifications

THE EXPERIENCE YOU BRING TO THE TEAM

Minimum Required Experiences

• 2 years of relevant model governance, controls, compliance, risk management or program governance experience 
  
  

Skills

• Experience gathering accurate information to explain concepts and answer critical questions
• Skilled in presenting information and/or ideas to an audience in a way that is engaging and easy to understand
• Relationship Management including managing and engaging stakeholders, customers, and vendors, building relationship networks, contracting, etc.
• Risk Assessment and Management including evaluating and designing controls, conducting impact assessments, identifying control gaps, remediating risk, etc.
• Governance and Compliance including creating policies, evaluating compliance, conducting internal investigations, developing data governance, etc.
• Working with people with different functional expertise respectfully and cooperatively to work toward a common goal
• Influencing including negotiating, persuading others, facilitating meetings, and resolving conflict
• Experience helping an organization to plan and manage change in effort to meet strategic objectives
• Experience in the process of analyzing data to identify trends or relationships to inform conclusions about the data
• Adept at managing project plans, resources, and people to ensure successful project completion
  
  

Tools

• Experience using RiskWorks
• Experience using SharePoint
• Skilled in Excel
  
  

Desired Experiences

• Bachelor degree or equivalent
• Experience with quantitative models and experience supporting a team of model developers, users and owners.
• Prior experience working on projects and meeting deadlines
• Track record of execution focus, strong prioritization, and planning capabilities
• Relationship management skills to partner with team members and collaborate with stakeholders as needed
• Understanding of risk management.
• Excellent oral and written communication skills, including the ability to explain complex processes in business terms
• Be a self-starter with strong organizational, prioritization, and planning skills
• Skilled in Excel Word, & PowerPoint
• Governance and compliance experience including creating policies, evaluating compliance, etc.
• Understanding of and or experience in Financial Services and or the Banking industry
• Experience in Governance and Compliance including creating policies, evaluating compliance, developing data governance, etc.
• Comfortable working in a dynamic and ever evolving environment.
• Ability to work independently, but also comfortable working and contributing within a team environment
• Knowledge of the mortgage industry
• Track record of identifying and implementing process improvements in day-to-day activities
• Comfortable learning computer applications
• Certificate or designation in Risk Management
• Knowledge of JIRA and Power-BI a plus
  
  

Additional Information

The future is what you make it to be. Discover compelling opportunities at careers.fanniemae.com.

Fannie Mae is an Equal Opportunity Employer, which means we are committed to fostering a diverse and inclusive workplace. All qualified applicants will receive consideration for employment without regard to race, religion, national origin, gender, gender identity, sexual orientation, personal appearance, protected veteran status, disability, age, or other legally protected status. For individuals with disabilities who would like to request an accommodation in the application process, email us at careers_mailbox@fanniemae.com.

The hiring range for this role is set forth on each of our job postings located on Fannie Mae's Career Site. Final salaries will generally vary within that range based on factors that include but are not limited to, skill set, depth of experience, certifications, and other relevant qualifications. This position is eligible to participate in a Fannie Mae incentive program (subject to the terms of the program). As part of our comprehensive benefits package, Fannie Mae offers a broad range of Health, Life, Voluntary Lifestyle, and other benefits and perks that enhance an employee’s physical, mental, emotional, and financial well-being. See more here.