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Lead Associate--Model Risk Governance (Flexible Hybrid) - job 1 of 2

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

As a valued colleague on our team, you will provide expert advice on, and guide team in, assessing and identifying potential risks that may threaten our reputation, safety, security, and/or financial success, as well as participate with key stakeholders across the enterprise and guide team in understanding business objectives.

THE IMPACT YOU WILL MAKE
The MF Risk - 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:Guide team in preparing analyses and reports used to determine business areas that pose potential risks to the enterprise.

  • Guide team in preparing analyses and reports used to evaluate the impact of proposed risks to the enterprise.
  • Lead team in monitoring information and processes to reduce risk using rigorous analysis.
  • Document resolutions and control guidelines.
  • Guide team efforts to review business strategies, and make decisions that will drive success in the face of shifting consumer behaviors and regulations.

Qualifications

Minimum Required Experiences

  • 4 years

Desired Experiences

  • Bachelor degree or equivalent.
  • Skilled in influencing, negotiating, persuading others and resolving conflict.
  • Proficient written and oral communication skill in delivering complex technical information to diverse audiences.
  • Experience with creation and implementation of governance documents and procedures aligned with internal policies and standards and regulatory guidance.
  • Strong knowledge of model risk management and related regulatory guidance.
  • Strong knowledge of Capital Markets and the operations tied to Trading desk, Pricing, CRT.
  • Strong familiarity of Fannie Mae's multifamily business operations and policies or that of the Secondary Mortgage Market.

Skills

  • Skilled in creating visual concepts, creating content, and editing content by hand or with the help with computer software to communicate ideas.
  • Governance and Compliance including creating policies, evaluating compliance, conducting internal investigations, developing data governance, etc.
  • Experience helping an organization to plan and manage change in effort to meet strategic objectives.
  • Business Insight including advising, designing business models, interpreting customer and market insights, forecasting, benchmarking, etc.
  • Relationship Management including managing and engaging stakeholders, customers, and vendors, building relationship networks, contracting, etc.
  • Influencing including negotiating, persuading others, facilitating meetings, and resolving conflict.
  • Skilled in documentation and database reporting for the purposes of analysis, data discovery, and decision-making with the use of relevant software such as Crystal Reports, Excel, or SSRS.
  • Risk Assessment and Management including evaluating and designing controls, conducting impact assessments, identifying control gaps, remediating risk, etc.
  • Skilled in presenting information and/or ideas to an audience in a way that is engaging and easy to understand.
  • Experience gathering accurate information to explain concepts and answer critical questions.
  • Working with people with different functional expertise respectfully and cooperatively to work toward a common goal.
  • Adept at managing project plans, resources, and people to ensure successful project completion.

Tools

  • Experience using RiskWorks, MUSE
  • Experience using SharePoint
  • Skilled in Excel, Power Point
  • Skilled in Visio

Additional Information

The 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 [email protected].

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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Average salary estimate

$100000 / YEARLY (est.)
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$80000K
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What You Should Know About Lead Associate--Model Risk Governance (Flexible Hybrid), Fannie Mae

At Fannie Mae, we believe that the future is more than just a timeline—it's about making substantial differences in the lives of millions of homeowners and renters. We’re on the lookout for a Lead Associate in Model Risk Governance to join our team in Washington, DC, where flexibility is at the core of our work culture. In this dynamic role, you will guide a talented team in assessing potential risks that could impact our financial success, reputation, or overall safety. Picture yourself leading discussions with key stakeholders to align on business objectives and prepare comprehensive analyses aimed at pinpointing business areas of potential risk. Your expertise will help reduce vulnerabilities through rigorous monitoring and documentation of control guidelines and resolutions. We value your insights as a leader to make informed decisions that drive success amidst changing regulations and consumer behaviors. If you’re passionate about navigating the complexities of risk management and possess a robust background in model risk and capital markets, we encourage you to bring your experience to our inclusive and energizing environment. Fannie Mae provides an excellent hybrid work arrangement, personal growth opportunities, and the chance to be instrumental in creating access to affordable housing finance for all. Join us and be a part of something meaningful!

Frequently Asked Questions (FAQs) for Lead Associate--Model Risk Governance (Flexible Hybrid) Role at Fannie Mae
What are the key responsibilities of a Lead Associate in Model Risk Governance at Fannie Mae?

As a Lead Associate in Model Risk Governance at Fannie Mae, you will be responsible for guiding your team in the preparation of analyses and reports that identify potential risks to the enterprise. You'll collaborate closely with stakeholders to ensure alignment on business strategies and monitor information processes aimed at risk reduction. Your role also involves documenting control guidelines, reviewing business strategies, and making informed decisions in response to changes in consumer behaviors and regulations.

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What qualifications are required for the Lead Associate position at Fannie Mae?

To be successful as a Lead Associate in Model Risk Governance at Fannie Mae, a bachelor's degree or equivalent experience is required. Four years of relevant experience is essential, with skills in influencing and negotiating also being highly desirable. Additionally, expertise in model risk management, regulatory guidance, and familiarity with capital markets, particularly in the context of trading desk operations, are key qualifications for this role.

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How does Fannie Mae support the professional development of its employees in roles like Lead Associate?

Fannie Mae is committed to the professional growth and development of its employees, including those in the Lead Associate role. Through our flexible hybrid work model, we provide opportunities for collaboration and mentorship. Employees have access to various training programs that promote skill development in risk management and industry best practices, ensuring that our teams stay ahead in their fields.

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What is the work culture like for a Lead Associate at Fannie Mae?

The work culture at Fannie Mae is inclusive, collaborative, and energizing, especially for a Lead Associate in Model Risk Governance. Employees are encouraged to take initiative, share their insights, and work together towards common goals in a flexible environment. We value diversity and strive to foster a workplace where every voice is heard, allowing you to thrive personally and professionally.

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What tools and technologies will a Lead Associate use at Fannie Mae?

As a Lead Associate in Model Risk Governance at Fannie Mae, you will work with a range of tools and technologies essential for risk management. Proficiency in software such as Excel, PowerPoint, and Visio is important, along with platforms like RiskWorks and MUSE. You'll also utilize data visualization and database reporting tools to communicate analyses effectively to various stakeholders.

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Common Interview Questions for Lead Associate--Model Risk Governance (Flexible Hybrid)
Can you explain your approach to identifying and mitigating risks in the Model Risk Governance role?

When answering this question, focus on your methodology for risk analysis. Discuss how you gather data, evaluate potential threats, and implement controls. Highlight your ability to collaborate with stakeholders and regularly monitor processes to ensure ongoing compliance and effectiveness.

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What experience do you have with creating governance documents and procedures?

In your response, share specific examples of past experiences where you successfully developed governance documents. Explain your process in aligning these documents with internal policies and regulatory guidelines while detailing the outcomes of your work.

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How do you handle conflicts or differing opinions among stakeholders?

Emphasize your communication and negotiation skills. Share a relevant anecdote where you facilitated a solution or consensus. Stress the importance of listening to different viewpoints and how that contributes to effective decision-making.

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Describe a time when you had to adapt your strategies due to regulatory changes.

Use this opportunity to showcase your adaptability. Discuss a specific instance where you shifted your approach in response to new regulations. Explain how you kept the team informed and aligned on the new strategies.

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What techniques do you use to present complex data effectively?

Describe your methods for simplifying complex data. Highlight your use of visual aids, storytelling techniques, and clarity in communication. Providing an example of a successful presentation can strengthen your answer.

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How do you ensure that your team remains aligned on business objectives?

Mention the importance of regular meetings and open communication. Explain your practices in setting clear expectations and fostering an environment where all team members can contribute towards shared goals.

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What measures do you take for continuous improvement in risk management processes?

Here, discuss your commitment to assessment and feedback mechanisms. Highlight your proactive approach to seeking input from team members and stakeholders to refine processes and integrate lessons learned.

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Can you discuss your knowledge of the multifamily business operations?

In response, provide a detailed overview of your understanding of multifamily business operations and how it relates to risk governance. Discuss specific experiences that have equipped you with this knowledge and its relevance to Fannie Mae.

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How would you approach working with diverse teams in a hybrid work environment?

Address the importance of cultivating relationships, leveraging technology for collaboration, and maintaining inclusiveness in a hybrid setting. Discuss your strategies for engaging team members regardless of their work locations.

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What do you find most challenging about managing model risk, and how do you overcome these challenges?

Identify specific challenges you've faced, such as regulatory compliance or stakeholder alignment. Emphasize your problem-solving capabilities and strategies that have led to successful outcomes.

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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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DATE POSTED
April 2, 2025

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