Capital Markets Internal Audit Principal

Playing an essential role in the U.S. economy, Fannie Mae is foundational to housing finance. Here, your expertise can help fuel purpose-driven innovation that expands access to homeownership and affordable rental housing across the country. Join Fannie Mae to grow your career and help people find a place to call home.

Job Description

The Principal for Treasury and Capital Markets will lead and oversee internal audit coverage for Fannie Mae's Treasury and Capital Markets division, including pricing, trading, credit risk transfers, structured transactions, and related oversight and support functions. This role ensures compliance with regulatory requirements, evaluates risk management practices, and provides strategic insights to senior leadership to strengthen governance and control frameworks. This role also encompasses auditing treasury operations, ensuring robust control over liquidity management, funding, and balance sheet management.

THE IMPACT YOU WILL MAKE

The Capital Markets Internal Audit Principal 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:

Audit Leadership

• Develop and execute a risk-based audit plan for treasury and capital markets activities, including pricing, hedging, structured transactions, credit risk transfers, interest rate risk management, liquidity risk management, and related activities.
• Oversee planning, fieldwork, and reporting for audits, ensuring adherence to professional standards and internal policies.
• Act as the Subject Matter Expert for the department for Market Risk.

• Conduct continuous risk monitoring and maintain an up-to-date risk profile for the Treasury and Capital Markets division.
• Identify emerging risks and recommend proactive control enhancements.
• Ensure a solid understanding of the key controls in place to prevent or detect unauthorized trading.
• Develop an audit approach to review front, middle, and back-office controls, including valuation, settlement, and risk limit framework development and monitoring.

• Build and maintain strong relationships with senior business leaders, regulators, and external auditors.
• Communicate audit findings and recommendations clearly and effectively to executive management.

• Mentor and coach a team of audit professionals, fostering a culture of excellence and continuous improvement.
• Provide coaching and career development opportunities to team members.

• Stay current on regulatory developments (SEC, FINRA, CFTC, FHFA, etc.) and industry best practices impacting treasury and capital markets.
• Ensure audit methodologies align with IIA Standards and applicable regulatory guidance.

• 8 years of experience in internal audit or risk management within financial services, with significant exposure to complex capital markets activities (i.e. investment banking).
• Bachelor's degree in accounting, Finance, Economics, or related field.
• Advanced degree or professional certification (CPA, CIA, CFA).
• Deep understanding of trading products, market risk, credit risk, and operational risk in capital markets and treasury activities.
• Strong leadership, communication, and stakeholder management skills.
• Ability to influence at senior management and drive change across complex organizations.
• Prior experience leading audit planning, execution, and reporting.

• Knowledge and exposure to MBS, CMBS, and Whole Loan Mortgage transactions.
• Understanding of typical interest rate risk hedging strategies and related risk implications and measures.
• Experience with audit analytics and data-driven risk assessment.
• Familiarity with global regulatory frameworks and compliance requirements.
• Strategic mindset with ability to balance detail orientation and big-picture thinking.