Corporate Governance & Fraud Risk Oversight 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

As a valued contributor to our Second Line of Defense (Enterprise Risk Management) team, you will evaluate, influence, and enhance governance structures, fraud risk management practices, and control capabilities to ensure alignment with Fannie Mae's risk appetite, supervisory expectations, and emerging fraud threats. You will serve as an expert advisor to senior management and regulators, interpreting fraud and governance related expectations and ensuring the company maintains a strong, transparent, and resilient risk posture.

THE IMPACT YOU WILL MAKE

The Corporate Governance & Fraud Risk Oversight 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:

• Provide independent oversight and effective challenge of first line governance processes, fraud controls, and risk decisions.
• Assess the design and operational effectiveness of fraud related policies, governance structures, and control frameworks.
• Partner with the Head of Fraud Risk Oversight to shape enterprise level oversight strategy, thematic reviews, and supervisory engagement.
• Challenge and advise on governance practices, delegation frameworks, committee structures, and decision rights models.
• Conduct targeted reviews of governance processes to ensure adherence to internal standards and regulatory expectations.
• Lead enterprise level fraud risk identification, thematic analysis, and oversight reviews across SingleFamily, Multifamily, Capital Markets, Operations, and Enterprise Functions.
• Assess the effectiveness of the enterprise fraud taxonomy, fraud appetite alignment, escalation processes, and monitoring capabilities.
• Provide independent challenge of the first line's fraud control design, fraud investigations, remediation plans, and corrective actions.
• Serve as a strategic advisor to FHFA and other regulators on fraud related supervisory themes, expectations, and risk posture.

• 8 years of deep expertise in fraud risk oversight, corporate governance, enterprise risk management (ERM), compliance, internal audit, or financial crimes within large financial institutions.
• Strong understanding of Second Line of Defense operating models, oversight practices, and roles/responsibilities.
• Proven experience interacting with federal regulators (e.g., FHFA, OCC, Federal Reserve) on governance or fraud matters.
• Expertise in fraud taxonomies, fraud control structures, investigative processes, monitoring capabilities, and emerging threats.

• Bachelor degree or equivalent
• Proficiency with governance, risk, fraud analytics, and case management platforms.
• Strong influence and communication skills, including the ability to challenge constructively and drive alignment across risk, legal, compliance, internal audit, counterparty risk, and business partners.