SF Operational Risk - Risk Management - Lead Associate (Flexible Hybrid)

Posted 3 Days Ago
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Washington, DC
Mid level
Financial Services
The Role
The Lead Associate in SF Operational Risk will assess potential risks, support compliance, collaborate with teams on regulatory issues, and enhance policies.
Summary Generated by Built In

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 SF Operational 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:

  • Support the management of fair lending, Unfair, Deceptive Acts or Practices (UDAP), privacy and regulatory compliance risk within Single Family.
  • 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.
  • Support management of deliverables related to oversight activities including examinations and other supervisory activities, reviews, and audits.
  • Collaborate with team to evaluate and advise on the impact of proposed compliance risks to SF, including risk assessments, development of controls and preparation of regular reports.
  • 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.
  • Assist in evaluating and enhancing internal policies and procedures.
  • 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

THE EXPERIENCE YOU BRING TO THE TEAM

Minimum Required Experiences

  • 4 years  of related experience in areas associated with fair lending, regulatory compliance, compliance, and/or regulatory oversight.

Desired Experiences

  • Bachelor degree or equivalent
  • Knowledge of applicable federal and state fair lending regulations including the Equal Credit Opportunity Act, Fair Housing Act, the Home Mortgage Disclosure Act, and Unfair, Deceptive Acts or Practices (UDAP).
  • Mortgage/housing or consumer lending expertise highly preferred.
  • 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.

Tools

Experience using RiskWorks
Skilled in InfoPath
Experience using SharePoint
Skilled in Excel
Skilled in Microsoft Teams
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, while 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.

Top Skills

Excel
Infopath
Microsoft Teams
Riskworks
Sharepoint
Visio
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The Company
Herndon, VA
10,886 Employees
On-site Workplace
Year Founded: 1938

What We Do

Fannie Mae serves the people who house America. We are a leading source of financing for mortgage lenders, providing access to affordable mortgage financing in all markets at all times. Our financing makes sustainable homeownership and workforce rental housing a reality for millions of Americans. We also help make possible the popular 30-year, fixed-rate mortgage, which provides homeowners with stable, predictable mortgage payments over the life of the loan. Our tools and resources help homebuyers, homeowners, and renters understand their housing options.

We put our customers and partners at the center of everything we do. We apply our experience and expertise to deliver innovative solutions to help our customers succeed. At Fannie Mae, our people pour their hearts into everything they do. Because we know it makes a real difference in others’ lives. We are committed to moving forward with our partners to build a stronger, safer, more efficient housing finance system.

Join us to help shape the future of housing: http://fanniemae.com/careers.

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