Director Credit Risk MRB Portfolio

THE COMPANY

Fannie Mae exists to expand affordable housing and bring global capital to local communities in order to serve the U.S. housing market. Today, our focus is on preventing foreclosures, making mortgages and rental housing as affordable as possible, and supporting the housing recovery. We are rapidly building and realigning our company to better serve the market as we support the Administrations Homeowner Affordability and Stability Plan.

Join our dedicated, diverse, high-performing workforce and put your unique talents to good use as we work with our partners to advance our nations housing recovery.

For more information about Fannie Mae and our career opportunities, please visit www.fanniemae.com

JOB INFORMATION

Plan and direct the work of a unit whose staff develops, recommends, and implements credit risk standards for the Mortgage Revenue Bond portfolio.  Asset types include Military Housing Bonds, Multi and Single Family HFA Bonds, Redevelopment Bonds, Student Housing Bonds and Cap Funds Bonds.  The applicant must have an in-depth knowledge of both collateral and structure.  The applicant would also apply credit management models to such assets to recommend strategy to mitigate credit risk or enhance value in the portfolio

KEY JOB FUNCTIONS

* Develop and/or communicate standards for assessing credit risk in bonds held in the MRB portfolio. Direct staff in the application of these standards. * Confer with management of business units on strategy for disposition or restructuring.  Assess credit risks associated with bonds and collateral in order to assign credit score(s). * Communicate with financial institutions who do business with the organization to ensure that they understand the companys credit risk standards and risk appetite. * Examine, or direct staff to examine recent trends and associated risk parameters to provide feedback to policy staff and modeling staff to help them evaluate current policies and models. * Report to senior management on the units activities, and efforts. * Represent the unit as an expert or resource to cross-functional project or coordinating teams. * Plan, document, and manage the performance of subordinate managers and/or staff. Provide for professional or technical growth through assignment, mentoring, or training. * Plan and manage the units budget. Approve expenditures or budget transfers.

Qualifications

EDUCATION

MBA or Masters of Public Administration (MPA) or equivalant

MINIMUM EXPERIENCE

10 years of related experience

SPECIALIZED KNOWLEDGE & SKILLS

* A strong candidate should have a good working knowledge of mortgage revenue bonds, their mechanics and the credit risk associated with them. The candidate should have experience investing in or rating such assets. * The candidate should also have experience managing teams of skilled professionals.

EMPLOYMENT

As a condition of employment with Fannie Mae, any successful job applicant will be required to pass a pre-employment drug screen and to successfully complete a background investigation, which may also include a credit check for positions in some areas of our business.

Fannie Mae is an Equal Opportunity Employer.

Manager Level -Director

Job Risk Management

Primary Location DC-Washington

Organization Capital Markets Risk Mgmt

Schedule Full-time

Job Type Standard

Shift Day Job

Employee Status Regular

Relocation Available Yes

Experience Level 3-Seasoned (over 7 years)

Please refer to job code 190120 when responding to this ad.

Category:	Accounting/Banking/Finance/Insurance
	> Financial Analysts
Location:	Washington, DC
County:	District Of Columbia County
ZIP Code:	20001
Pay Rate:	Open
Job Terms:	full time
Company:	Fannie Mae
Phone:	email only please
Fax:	email only please