Capital Markets - Risk Management - Senior Director

Fannie Mae • Washington, DC

1d • $200,000 - $269,000

About The Position

Playing an essential role in the U.S. economy, Fannie Mae is foundational to housing finance. Here, your expertise can help fuel purpose-driven innovation that expands access to homeownership and affordable rental housing across the country. Join Fannie Mae to grow your career and help people find a place to call home. Job Description In this compelling leadership position, you will be accountable for assessing and identifying potential risks that may threaten our reputation, safety, security, and/or financial success, as well as communicate and collaborate with key stakeholders across the enterprise and understand business objectives. THE IMPACT YOU WILL MAKE The Enterprise Capital Markets Risk – Risk Management – Senior Director 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: Lead 1st line operational risk management strategy for Fannie Mae’s TCM division. Provide leadership coverage, escalation support, and strategic execution across the TCM operational risk portfolio. Understand and lead complex risk reviews, including understanding of Model Risk Management, Fair Lending, Third-Party Risk Management, Compliance, and other emerging risk dimensions of operational risk. Help set the strategy, vision, and priorities of operational risk management for TCM, ensuring alignment with enterprise risk management (ERM) standards and expectations. Lead and coordinate operational compliance across Single-Family, Multi-Family, and Finance divisions. Lead and conduct complex risk reviews across the TCM division as requested and/or identified. Ability to solve problems, strategize, and resolve large scale issues or control gap remediations. Partner with business and technology stakeholders to identify opportunities to automate controls, enhance monitoring, and implement innovative risk solutions. Help govern, risk, and compliance; operational compliance includes, but is not limited to, policies and procedures, records, delegations of authority, privacy, and anti-money laundering. Responsible for TCM operational risk event and incident filing and reporting within requirements and processes of ERM. Lead and coordinate cross‑TCM projects and initiatives, either at the direction of the Head of Operational Risk or as independently identified. Engage with Internal Audit team for audits and exams (internal and FHFA). Govern TCM process flows, ensuring documentation, controls, and risk assessments are current and effective.

Requirements

• 8+ years of relevant risk management experience, ideally 10+ in a leadership capacity
• Experience working in the mortgage space or adjacent financial services industry space, ideally at a large, complex, and highly regulated financial institution
• Extensive experience in leading significant transformation efforts; assessing current state and moving towards an ideal, future state target
• Experience in the process of analyzing operational risk data to identify trends or relationships to inform conclusions about the division’s risk level and health of operational risk controls
• Experience in identifying and selecting strategic options, and identifying resources to meet the defined objectives
• Experience in the process of analyzing operational risk data to identify trends or relationships to inform conclusions about the division’s risk level and health of operational risk controls
• Experience in control design, execution, and monitoring
• A background in managing teams; understands how to successfully attract, develop, and retain talent
• A background in Risk Assessment and Management including evaluating and designing controls, conducting impact assessments, identifying control gaps, remediating risk, etc.
• Proven track record being a successful relationship manager; someone who can foster strong connections as well as manage and engage stakeholders, customers, and vendors
• Strong executive influence including negotiating, persuading others, facilitating meetings, and resolving conflict
• The group of skills related to Governance and Compliance include creating policies, evaluating compliance, conducting internal investigations, developing data governance, etc.
• Adept at managing project plans, resources, and people to ensure successful project completion
• Collective capabilities for leadership, including leading teams, giving feedback, facilitating meetings, and coaching and mentoring

Nice To Haves

• 10+ years of experience

Responsibilities

• Lead 1st line operational risk management strategy for Fannie Mae’s TCM division.
• Provide leadership coverage, escalation support, and strategic execution across the TCM operational risk portfolio.
• Understand and lead complex risk reviews, including understanding of Model Risk Management, Fair Lending, Third-Party Risk Management, Compliance, and other emerging risk dimensions of operational risk.
• Help set the strategy, vision, and priorities of operational risk management for TCM, ensuring alignment with enterprise risk management (ERM) standards and expectations.
• Lead and coordinate operational compliance across Single-Family, Multi-Family, and Finance divisions.
• Lead and conduct complex risk reviews across the TCM division as requested and/or identified.
• Ability to solve problems, strategize, and resolve large scale issues or control gap remediations.
• Partner with business and technology stakeholders to identify opportunities to automate controls, enhance monitoring, and implement innovative risk solutions.
• Help govern, risk, and compliance; operational compliance includes, but is not limited to, policies and procedures, records, delegations of authority, privacy, and anti-money laundering.
• Responsible for TCM operational risk event and incident filing and reporting within requirements and processes of ERM.
• Lead and coordinate cross‑TCM projects and initiatives, either at the direction of the Head of Operational Risk or as independently identified.
• Engage with Internal Audit team for audits and exams (internal and FHFA).
• Govern TCM process flows, ensuring documentation, controls, and risk assessments are current and effective.

Benefits

• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Number of Employees: 1,001-5,000 employees