Sr. Operations Risk Analyst - Treasury and Capital Markets

RiskSpan•Washington, DC

7d•Onsite

About The Position

RiskSpan is a leading source of analytics, modeling, data, and risk management solutions for the consumer and institutional finance industries. We partner with banks, mortgage-backed and asset-backed securities issuers, portfolio managers, servicers, and regulators to solve complex challenges in market risk, credit risk, operational risk, and financial technology. We are seeking A Senior Operational Risk Analyst to support a critical Fannie Mae initiative focused on enhancing the Operational Risk Management Framework (ORMF) within the Treasury and Capital Markets (TCM) division. This role is designed for professionals experienced in risk assessments, process documentation, control testing, and remediation across capital markets, funding, liquidity, and derivatives operations. This is a client-facing contractor role that requires onsite work 3–5 days/week in Washington, DC or Reston, VA.

Requirements

4+ years of experience in operational risk management, internal controls, or internal audit in the financial services sector.
Experience conducting RCSAs, developing process maps, and drafting detailed risk/control documentation.
Familiarity with Treasury and Capital Markets operations—preferably within mortgage-backed securities or fixed income.
Understanding of risks across funding, hedging, and trading operations.
Knowledge of regulatory frameworks such as SOX, SEC, FHFA, and industry risk standards.
Strong analytical, writing, and communication skills.
Proficiency in Microsoft Office (Excel, PowerPoint, Visio)

Nice To Haves

experience with GRC tools like Archer or MetricStream is a plus.

Responsibilities

Lead and document Risk and Control Self-Assessments (RCSAs) for TCM processes.
Facilitate sessions with stakeholders to evaluate risk/control effectiveness and identify enhancement opportunities.
Maintain assessment documentation in line with Fannie Mae’s enterprise risk methodology.
Develop and update end-to-end process maps, narratives, and control documentation.
Focus areas include Funding, liquidity management, securities operations, and derivatives activities.
Align all documentation with corporate taxonomies, risk policies, and standards.
Maintain Process-Risk-Control Relationship (PRCR) matrices.
Perform root cause analyses for issues arising from audits, incidents, or assessments.
Draft and track remediation plans and monitor implementation through closure.
Prepare reports on control deficiencies and risk mitigation strategies.
Work with cross-functional teams: Treasury, Capital Markets, Finance, Risk, Compliance, and Internal Audit.
Support governance processes by contributing to risk reporting, including dashboards, KRIs, and summaries for leadership.
Align business assessments with Fannie Mae’s enterprise operational risk framework.