Credit Risk Manager - Senior Associate

Fannie Mae • Washington, DC

2d • $96,000 - $124,000 • Onsite

About The Position

As a valued associate on our team, you will advise, collect, review, monitor, and analyze business data to solve problems and make recommendations to improve lender’s business performance, while identifying opportunities to manage risk mitigation through data and technology. You will partner with lenders and internal stakeholders to manage credit, counterparty, and operational risk, and to support Fannie Mae’s Mission and Initiatives. THE IMPACT YOU WILL MAKE The Credit Risk Manager Senior 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: Initiate, develop, and enhance relationships with lender’s senior leadership with assistance from the team. Engage lenders to learn their goals, objectives, challenges, and initiatives. Support discussion on credit risk with lenders and manage communications on selling guide updates, regulatory guidance and other credit risk changes. Monitor and support lender engagement on variances, single loan waivers, profiles, performance, production quality/defects and escalation triggers using risk reports for emerging trends. Engage lenders on Opportunities to manage risk and support Fannie Mae Mission, products and initiatives. Share best practices and insights through profile and performance lender discussions. Act as Fannie Mae’s first line of defense by monitoring loan quality measures, counterparty eligibility and compliance.

Requirements

• 2+ years of experience in Credit Risk Management and/or Counterparty Risk Management.
• Solid understanding of the mortgage industry and core mortgage origination processes.
• Ability to build and maintain effective internal and external working relationships.
• Strong written and verbal communication skills, with the ability to collaborate across teams and support problem‑solving efforts.
• Ability to analyze and interpret mortgage origination data and performance trends, and clearly communicate findings to stakeholders.
• Skilled in evaluating risks within the mortgage origination process and underwriting.
• Solid ability to interpret Selling Guide policies and explain requirements to partners in clear, practical, and accessible terms.
• Solid ability to identify opportunities for workflow process efficiencies and assist in implementing improvements that enhance accuracy and operational effectiveness.
• Strong ability to manage a large number of small accounts, ensuring consistent oversight, timely follow‑up, and strong organizational discipline.

Nice To Haves

• Bachelor’s degree or equivalent.
• Familiarity with Fannie Mae’s mission, products, and role in the mortgage industry, with interest in developing deeper expertise over time.
• Solid credit risk judgment and decision‑making skills
• Working knowledge of Fannie Mae Selling Guide principles, credit policy frameworks, and risk resources, with the ability to interpret policy language and communicate guideline impacts effectively to lenders and internal partners.
• Ability to research industry developments and contribute observations on emerging trends during team discussions.
• Strong analytical skills, with the ability to support credit risk assessments, prepare recommendations, and coordinate contract‑related activities under guidance.
• Ability to clearly articulate rationale, support business cases, and engage constructively with internal stakeholders and lender partners.
• Demonstrated ability to support workflow enhancements that improve efficiency and reduce operational friction.

Responsibilities

• Initiate, develop, and enhance relationships with lender’s senior leadership with assistance from the team.
• Engage lenders to learn their goals, objectives, challenges, and initiatives.
• Support discussion on credit risk with lenders and manage communications on selling guide updates, regulatory guidance and other credit risk changes.
• Monitor and support lender engagement on variances, single loan waivers, profiles, performance, production quality/defects and escalation triggers using risk reports for emerging trends.
• Engage lenders on Opportunities to manage risk and support Fannie Mae Mission, products and initiatives.
• Share best practices and insights through profile and performance lender discussions.
• Act as Fannie Mae’s first line of defense by monitoring loan quality measures, counterparty eligibility and compliance.

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: Mid Level
• Number of Employees: 5,001-10,000 employees