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Fair Lending Risk Management Lead Associate (Flexible Hybrid)

Company DescriptionAt 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 DescriptionAs a valued colleague on our team, you will help build and execute a Second Line risk-based oversight model to support Fannie Mae’s compliance with fair housing and fair lending laws, regulations, and supervisory guidance. You will lead and assist with assessments of fair housing and fair lending risk for the Enterprise and partner with First Line business units as they identify, mitigate, and correct self- and supervisory- identified risks. Your work will include regular monitoring, testing, and targeted reviews of First Line business risk identification and mitigation, the application of quantitative analyses to advance fair housing and lending, and ensuring effective coordination with business units, legal and audit experts, and other key partners in the execution of focused and sustainable compliance activities. You will engage directly with Fannie Mae’s regulators on fair lending matters and help ensure high-quality and timely regulatory reporting.We have one opening for this job and it can be worked on a Hybrid basis from one of our offices.THE IMPACT YOU WILL MAKEResponsibilitiesThe Fair Lending Risk Management Lead Associate 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:• Manage a portfolio of fair lending compliance, risk assessment, and regulatory deliverables.• Lead and support compliance activities including monitoring, targeted reviews, risk and control assessments, and gap analyses, producing high-quality work products that require minimal review and revision.• Prepare analyses and reports used to identify and address business activities that pose potential fair housing and fair lending risks to the enterprise and present results to senior management and/or regulator.• Lead and support management of deliverables related to oversight activities including examinations and other supervisory activities, reviews, and audits.• Assist in evaluating and enhancing internal policies and procedures.• Support the development and delivery of training materials to educate internal stakeholders on fair lending principles and regulatory requirements.• Serve as a resource for employees with questions regarding fair lending compliance and collaborate with internal teams to integrate fair lending considerations into business practices.QualificationsTHE EXPERIENCE YOU BRING TO THE TEAMMinimum Required Experiences• 6 years of related working experience including fair lending risk identification and analysis, testing and reporting.• Bachelor’s degree or equivalent.• Experience preparing reports and documentation summarizing test results and findings.• Experience communicating (both orally and in writing) with colleagues, senior management and/or regulators.• Ability to assist with the identification and escalation of compliance issues to management.• Experience gathering accurate information to explain concepts and answer critical questions.• Relationship management skills to include managing and engaging stakeholders and building relationship networks.• Ability to complete projects/tests efficiently with high attention to detail and excellent time management skills.• Ability to work collaboratively as a team member to facilitate effective enterprise-wide compliance.• Strong project management skills; ability to manage multiple projects effectively, strong time management and prioritization skills.• Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint).Desired Experiences• Master's degree or equivalent.• Proficiency in Microsoft Teams.• Experience using SharePoint.• Experience using Adobe Acrobat and/or Foxit.Additional InformationREF13643VThe future is what you make it to be. Discover compelling opportunities at careers.fanniemae.com.Fannie Mae is a flexible hybrid company. We embrace flexibility for our employees to work where they choose, while also providing office space for in-person work if desired. At times, business need may call for on-site collaboration, which means proximity within a reasonable commute to your designated office location is preferred unless job is noted as open to remote.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.
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What You Should Know About Fair Lending Risk Management Lead Associate (Flexible Hybrid), Fannie Mae

At Fannie Mae, we’re not just about providing housing; we’re about creating better futures. We're looking for a Fair Lending Risk Management Lead Associate to join our Reston, VA team, embracing a flexible hybrid work model. In this role, you'll be essential in building and executing a risk-based oversight model that supports compliance with fair housing and lending laws. With your expertise, you'll lead assessments and collaborate closely with various business units to identify and mitigate risks effectively. Whether you’re conducting targeted reviews, performing quantitative analyses, or engaging with regulators, every day will offer new challenges and opportunities to ensure both fair lending compliance and foster a culture of continuous improvement. You'll prepare analytical reports for senior management, while also educating stakeholders on vital fair lending principles. This isn't just a job; it's a chance to make a tangible impact on the housing industry and support a mission that matters. If you're passionate about fair lending and want to work in an environment that values flexibility and collaboration, we invite you to explore this opportunity with us!

Frequently Asked Questions (FAQs) for Fair Lending Risk Management Lead Associate (Flexible Hybrid) Role at Fannie Mae
What does a Fair Lending Risk Management Lead Associate do at Fannie Mae?

As a Fair Lending Risk Management Lead Associate at Fannie Mae, you play a crucial role in ensuring compliance with fair housing and lending regulations. This involves leading risk assessments, monitoring compliance activities, and collaborating with internal teams to identify and mitigate risks associated with fair lending practices.

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What qualifications are needed for the Fair Lending Risk Management Lead Associate position at Fannie Mae?

To qualify for the Fair Lending Risk Management Lead Associate job at Fannie Mae, candidates should have a minimum of six years of related experience, ideally in fair lending risk identification and analysis. A Bachelor’s degree or equivalent is required, along with strong communication skills and proficiency in Microsoft Office.

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How does the Fair Lending Risk Management Lead Associate support Fannie Mae's mission?

The Fair Lending Risk Management Lead Associate supports Fannie Mae's mission by ensuring adherence to fair lending laws and regulations. This position is integral to developing oversight models and assessing risks that could impact compliance, thereby promoting equitable access to housing finance.

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What are some key responsibilities of the Fair Lending Risk Management Lead Associate at Fannie Mae?

Key responsibilities of the Fair Lending Risk Management Lead Associate at Fannie Mae include managing compliance deliverables, preparing high-quality analysis and reports, conducting targeted reviews, and supporting the development of training materials to enhance fair lending awareness across the organization.

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Is the Fair Lending Risk Management Lead Associate position at Fannie Mae remote or hybrid?

The Fair Lending Risk Management Lead Associate position at Fannie Mae offers a flexible hybrid work model, allowing you to balance in-office and remote work, while also ensuring you’re accessible for collaborative opportunities when needed.

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Common Interview Questions for Fair Lending Risk Management Lead Associate (Flexible Hybrid)
Can you describe your experience with fair lending risk identification?

In answering this question, highlight specific examples where you identified risks in fair lending practices, discussing your methodologies and tools used, such as quantitative analyses, to determine the potential impacts on compliance.

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How do you stay current with fair housing laws and regulations?

Demonstrate your commitment to continuous professional development by mentioning any relevant courses, webinars, or networks you engage with to keep abreast of changes in fair lending laws and best practices in compliance.

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What techniques do you use to communicate risk findings to senior management?

Share your approach to communicating complex information clearly and concisely, perhaps mentioning the use of visual aids or structured reports that summarize key findings and actionable recommendations effectively.

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Can you provide an example of a successful compliance project you've managed?

When responding, detail a specific project related to fair lending compliance that you led, outlining your role, contributions, and the outcome, emphasizing any positive impacts it had on the organization.

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What methodologies do you employ for conducting compliance assessments?

Discuss the specific methodologies you use for compliance assessments, like interviews, surveys, or reviews of documentation, explaining how these methods help you gather critical information efficiently.

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How do you prioritize multiple projects with tight deadlines?

Illustrate your time management skills by describing a situation where you successfully balanced competing projects, sharing tools or techniques you utilized to keep everything on track and deliver results on time.

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What strategies do you use to foster collaboration among diverse teams?

Highlight your interpersonal skills by discussing specific strategies you use to encourage collaboration, such as regular meetings, team-building exercises, or the use of collaborative project management software.

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How do you address compliance issues when they arise?

Explain your method for tackling compliance issues, including your approach to identifying, documenting, and escalating these concerns while ensuring a culture of transparency and accountability.

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What role does data analysis play in your compliance work?

Convey the importance of data analysis by sharing how you leverage analytics to identify trends and inform decision-making related to fair lending risk, providing examples of tools and techniques you have employed.

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Why do you want to work as a Fair Lending Risk Management Lead Associate at Fannie Mae?

Express your passion for fair lending and housing equity, articulating how the mission of Fannie Mae aligns with your values and career aspirations. Explain what excites you about the opportunity to contribute to this field.

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Fannie Mae’s mission is to facilitate equitable and sustainable access to homeownership and quality, affordable rental housing across America.

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Full-time, hybrid
DATE POSTED
December 18, 2024

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