Enterprise Legal - Associate General Counsel

Fannie Mae • Washington, DC

2d • $200,000 - $269,000

About The Position

The Associate General Counsel provides senior-level legal advice and counsel to Capital Markets clients, primarily supporting Structured Transactions and Securitization Policy. The role advises on mortgage-related securitization activities, structured transactions, and related business initiatives, helping document and enforce the company’s legal rights and minimize legal risks.

The position counsels business clients on the structuring, development, execution, and ongoing operation of complex mortgage securitization and re-securitization transactions and programs. It addresses transaction structures, securities disclosures, applicable securities laws and regulations, mortgage-backed securities programs, disclosure obligations, investor communications, and derivatives or similar financial instruments used in structured finance and capital markets activities.

The role works closely with Capital Markets and legal, business, operations, policy, risk, and servicing stakeholders. It assesses legal and regulatory risks, develops practical solutions that support business objectives, builds relationships with sophisticated business clients, and collaborates with attorneys across legal disciplines and, when appropriate, outside counsel.

Requirements

• Juris Doctorate.
• At least 8 years of relevant legal experience, including substantial experience with complex residential mortgage securitization or structured-finance transactions in the private-label securities market, GSE market, or a comparable mortgage capital markets environment.
• Strong understanding of mortgage securitization transactions, including transaction structures, offering and disclosure documentation, applicable securities laws, and investor considerations.
• Understanding of the cash-flow mechanics of underlying mortgage products and their relevance to mortgage securitization and servicing.
• Demonstrated ability to analyze complex legal and business issues, exercise sound judgment, and develop effective relationships with sophisticated business clients and multidisciplinary teams.

Nice To Haves

• Experience structuring, negotiating, documenting, or advising on complex residential mortgage securitization or re-securitization transactions, including private-label RMBS, GSE securitizations, collateralized mortgage obligations, or other structured mortgage products.
• Experience advising on legal and regulatory issues in the ongoing operation of mortgage securitization programs or pools, including disclosure, servicing, and investor-related matters.
• Familiarity with securities laws and regulations applicable to mortgage securitization and related disclosures, including Rule 10b-5, Regulation FD, Regulation AB, Regulation RR, Rule 192, and Rule 15Ga-1, as applicable.
• Experience counseling clients regarding new or complex transaction structures, securitization policy initiatives, or evolving legal and regulatory requirements affecting mortgage capital markets.
• Familiarity with GSE securitization programs, policies, and disclosure practices; direct GSE experience is preferred but not required.
• Experience with derivatives or other financial instruments used in structured-finance or capital-markets transactions, including familiarity with applicable CFTC regulatory requirements.

Responsibilities

• Provide senior-level legal advice and counsel to Capital Markets clients, primarily supporting Structured Transactions and Securitization Policy.
• Advise on mortgage-related securitization activities, structured transactions, and related business initiatives.
• Advise on the structuring, development, execution, and ongoing operation of complex mortgage securitization and re-securitization transactions and programs.
• Address legal issues involving transaction structures, securities disclosures, and applicable securities laws and regulations.
• Provide legal advice regarding mortgage-backed securities programs and related disclosure obligations, including offering and disclosure documents, ongoing and event-driven disclosures, investor communications, and investor relations matters.
• Advise on derivatives and similar financial instruments used in structured finance or capital markets activities.
• Counsel business and policy partners on complex or evolving securitization and servicing matters, assess legal and regulatory risks, and develop practical solutions that support business objectives.
• Partner with Capital Markets and legal, business, operations, policy, risk, and servicing stakeholders on transaction structures, policy initiatives, and evolving market or regulatory requirements.
• Build relationships with sophisticated business clients and provide practical guidance by applying sound legal and business judgment.
• Collaborate with attorneys across multiple legal disciplines and, as appropriate, outside counsel on significant matters.

Benefits

• Broad range of health, life, voluntary lifestyle, and other benefits and perks supporting physical, mental, emotional, and financial well-being.
• Eligible to participate in a Fannie Mae incentive program, subject to its terms.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: Ph.D. or professional degree