Model Risk Management Governance Advisor

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, you will apply extensive knowledge of model governance principles to support the Model Risk Management Governance team.

We are currently hiring for one role that can sit out of either DC or Reston.

THE IMPACT YOU WILL MAKE
The Model Risk Management Governance Advisor 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:

• Administer the Model Risk Committee, including managing meeting agendas, materials, and follow-ups.
• Coordinate responses to Internal Audit and FHFA inquiries and examinations related to model risk.
• Lead the completion of the Risk and Control Self-Assessment (RCSA) for Model Risk Management, ensuring timely and accurate documentation of risks and controls.
• Facilitate the quarterly review of organizational issues impacting model risk, including tracking, escalation, and resolution.
• Track Model Risk Management issues to ensure appropriate resolution and closure in alignment with governance standards.
• Provide ad hoc support for governance activities, including policy, standard and procedure updates; reporting; and cross-functional coordination.
• Counsel teams on company policies and industry-wide modeling practices.
• Inform the team's direction for validation or testing strategies to monitor performance and assess risks.
• Communicate technical subject matter clearly and concisely to team leadership and internal/external stakeholders.

THE EXPERIENCE YOU BRING TO THE TEAM

Required Experience:

• 6 years of relevant experience
• Skilled in working with people with different functional expertise respectfully and cooperatively to work toward a common goal
• Expertise in influencing, negotiating, persuading others and resolving conflict
• Familiarity with mortgage finance
• Proficient written and oral communication skill in delivering complex technical information to diverse audiences
• Demonstrated experience with stakeholder management and interactions with regulatory entities
• Strategic mindset with clear understanding of business operations and insights related to risk modeling
• Bachelor degree or equivalent

Desired Experiences:

• Expertise creating executive presentations for management committees or oversight bodies
• Expert knowledge of model risk regulatory guidance (FHFA AB 2013-07, SR 11-7, OCC 2011-12) and experience with regulatory interactions
• Expertise with design and strategic implementation of model risk management policies and procedures, design of risk metrics/scorecards
• Executive presence and deep experience with management committee organization and presentation
• Deep knowledge of Fannie Mae's business operations and policies or that of the Secondary Mortgage Market

Enterprise Model Risk - Quantitative Modeling - Advisor

Target Pay Range: $152,000 - $205,000 a year

#LI-Hybrid #LI-ME1

Qualifications

Education:
Bachelor's Level Degree (Required)

The future is what you make it to be. Discover compelling opportunities at Fanniemae.com/careers.

For most roles, employees are expected to work onsite on a regular basis at their designated office location. In-office work cadence is determined by your manager. Proximity within a reasonable commute to your designated office location is preferred unless the job is noted as open to remote.

Fannie Mae is an equal opportunity employer and considers qualified applicants for employment without regard to race, color, religion, sex, national origin, disability, age, sexual orientation, gender identity/gender expression, marital or parental status, or any other protected factor. Fannie Mae is committed to providing reasonable accommodations to qualified individuals with disabilities who are employees or applicants for employment, unless to do so would cause undue hardship to the company. If you need assistance using our online system and/or you need a reasonable accommodation related to the hiring/application process, please complete this form.

The hiring range for this role is set forth below. Final salaries will generally vary within that range based on factors that include but are not limited to, skill set, depth of experience, certifications, and other relevant qualifications. This position is eligible to participate in a Fannie Mae incentive program (subject to the terms of the program). As part of our comprehensive benefits package, Fannie Mae offers a broad range of Health, Life, Voluntary Lifestyle, and other benefits and perks that enhance an employee's physical, mental, emotional, and financial well-being. See more here.

Requisition compensation:
152000
to
205000

Client-provided location(s): Washington, DC, Reston, VA

Job ID: Fannie-JR1760

Employment Type: FULL_TIME

Posted: 2025-11-08T19:55:20