Model Risk Management Governance Advisor

Fannie Mae Corp • Washington, DC

51d • $152,000 - $205,000 • Hybrid

About The Position

As a valued contributor, you will apply extensive knowledge of model governance principles to support the Model Risk Management Governance team. We are currently hiring for one role that can sit out of either DC or Reston. THE IMPACT YOU WILL MAKE The Model Risk Management Governance Advisor 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:

Requirements

• 6 years of relevant experience
• Skilled in working with people with different functional expertise respectfully and cooperatively to work toward a common goal
• Expertise in influencing, negotiating, persuading others and resolving conflict
• Familiarity with mortgage finance
• Proficient written and oral communication skill in delivering complex technical information to diverse audiences
• Demonstrated experience with stakeholder management and interactions with regulatory entities
• Strategic mindset with clear understanding of business operations and insights related to risk modeling
• Bachelor degree or equivalent

Nice To Haves

• Expertise creating executive presentations for management committees or oversight bodies
• Expert knowledge of model risk regulatory guidance (FHFA AB 2013-07, SR 11-7, OCC 2011-12) and experience with regulatory interactions
• Expertise with design and strategic implementation of model risk management policies and procedures, design of risk metrics/scorecards
• Executive presence and deep experience with management committee organization and presentation
• Deep knowledge of Fannie Mae's business operations and policies or that of the Secondary Mortgage Market

Responsibilities

• Administer the Model Risk Committee, including managing meeting agendas, materials, and follow-ups.
• Coordinate responses to Internal Audit and FHFA inquiries and examinations related to model risk.
• Lead the completion of the Risk and Control Self-Assessment (RCSA) for Model Risk Management, ensuring timely and accurate documentation of risks and controls.
• Facilitate the quarterly review of organizational issues impacting model risk, including tracking, escalation, and resolution.
• Track Model Risk Management issues to ensure appropriate resolution and closure in alignment with governance standards.
• Provide ad hoc support for governance activities, including policy, standard and procedure updates; reporting; and cross-functional coordination.
• Counsel teams on company policies and industry-wide modeling practices.
• Inform the team's direction for validation or testing strategies to monitor performance and assess risks.
• Communicate technical subject matter clearly and concisely to team leadership and internal/external stakeholders.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Credit Intermediation and Related Activities
• Number of Employees: 5,001-10,000 employees