Model Management - Senior Associate

At Fannie Mae, the inspiring work we do helps make a home a possibility for millions of homeowners and renters. Every day offers compelling opportunities to impact the future of the housing industry while being part of a collaborative team thriving in an energizing environment. Here, you will grow your career and help create access to affordable housing finance.

Job Description

As a valued colleague on our team, you will contribute to assessing and identifying potential risks that may threaten our reputation, safety, security, and/or financial success, as well as communicating and collaborating with key stakeholders across the enterprise, and understanding business objectives.

The Model Governance Risk Management Senior Associate will join the Model Governance Solutions team - a first-line of defense team responsible for driving efficiency, consistency and sustainability in first-line model management activities. The focus area for the Senior Associate will be to support a portfolio of modeling assets that are used across the enterprise for financial reporting and risk management purposes.

THE IMPACT YOU WILL MAKE

The Model Management - Senior Associate 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:

• Be a subject matter expert on Fannie Mae model management and governance requirements and act as a consultant on all aspects such as risk tiering, model classifications, review processes, documentation requirements, etc. for the modeling areas in your portfolio.
• Ensure risk-based execution and compliance with the Model Risk Management Lifecycle (MMLC) via guidance, training, reporting and monitoring of applicable processes
• Drive design of remediation action and on-time closure for model related issues, findings, and action items for modeling areas in your portfolio.
• Provide additional support to the Model Controller for effectively executing their role throughout the MMLC, including required review of documentation artifacts.
• Act as a presentative with 2nd Line of Defense on enhancements and risk-based refinements to the Policies, Standards and Procedures on behalf of the Model Owners, Users and Developers.
• Work with stakeholders on Internal Audit, Model Risk and FHFA engagements and exams as well as emerging issues and opportunities for enhancements.
• Keep up to date with relevant industry and regulatory standards, best practices, and business processes used in model risk management.

• 2 years, focusing on model risk management or modeling and analytics
• Bachelor degree or equivalent, in business, economics, or a related field

• Experience developing, using or reviewing models in the financial services industry or designing model risk management frameworks.
• Expertise in gathering accurate information to explain concepts and answer critical questions
• Knowledge of risk assessment and management including evaluating and designing controls, conducting impact assessments, identifying control gaps, remediating risk, etc.
• Relationship Management including managing and engaging stakeholders, customers, and vendors, building relationship networks, contracting, etc.
• Experience working with people with different functional expertise respectfully and cooperatively to work toward a common goal