Director, Credit Risk Management

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 products or assets the company finances or underwrites. Assess and approve credit limits and monitor credit exposure for routine and complex transactions, and assess collateral requirements included in loan origination. Apply credit management models to current assets or underwritten products to recommend shifts in collateral or reserves to mitigate credit risks.

KEY JOB FUNCTIONS

Develop and/or communicate standards for assessing credit risk in loans the organization purchases or deals in which it participates. Direct staff applying these standards in the analysis of particular batches of mortgages or proposed transactions.

Confer with management of business units who are planning to make purchases of loans or MBSs, to assess credit risks associated with loans or lenders and are assessing loan data in order to assign credit score(s) to the package of loans.

Communicate with financial institutions who do business with the organization to ensure that they understand the companys credit risk standards and current appetite for risk in the companys buying practices.

Examine, or direct staff to examine current and recent transactions and associated risk parameters to assess their accuracy and to feed back to policy staff and modeling staff empirical data for their to evaluate the utility of current policies and models.

Report to senior management on the units production, 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 * Bachelor Degree or Equivalent * Preferred: Master or Other Advanced Degree

MINIMUM EXPERIENCE

* 10 years of related experience

SPECIALIZED KNOWLEDGE & SKILLS

* Demonstrated success as a change agent in the implementation of new risk management programs/initiatives. * Ability to establish process improvement strategies and implement solutions. * Understanding of legal, regulatory compliance and risk governance frameworks.  Ability to maintain a high-level view of risk and compliance to promote broad understanding of implications of control weaknesses and acts of non-compliance.

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 Single Family Risk

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 192341 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