Modeling Risk Management Senior Associate; Hybrid

Company Description
At Fannie Mae, futures are made. 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 an inclusive team thriving in an energizing, flexible environment. Here, you will grow your career and help create access to fair, affordable housing finance.

Job Description
The Modeling Risk Management Senior Associate (Flexible Hybrid) will join the Model Governance Solutions (MGS) team. The MGS team has responsibility to drive efficiency, consistency, compliance, and sustainability in first-line model governance activities across the enterprise, and has the following three strategic objectives:

• Driving efficiencies in model management by developing clear and actionable governance, integrating relevant external guidance, and developing tools that simplify processes.
• Ensuring risk-based execution and compliance of all internal model-related standards and policies by training, reporting, and monitoring applicable processes.
• Acting as a representative with Model Risk Management and other relevant stakeholders on behalf of Model Owners, Users, Developers, and Application Owners.

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 collaborate with the team in communicating and collaborating with key stakeholders across the enterprise, and understanding business objectives.

THE IMPACT YOU WILL MAKE

Responsibilities
The Modeling Risk Management Senior Associate (Flexible Hybrid) 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:

• Working with teams in providing innovative, thorough, and practical solutions that support business strategies and initiatives.
• Identifying opportunities to apply quantitative and/or qualitative methods to improve business performance.
• Applying advanced skill, knowledge, and/or experience while working in teams to complete modeling projects aligned with established company policies and industry-wide modeling practices.
• Contribute to assessing the risk of models, to interpret model results, monitor performance, and assess risks.
• Communicate technical subject matter clearly and concisely to department leadership and teams.
• Support business partners with the execution of model governance compliance.
• Participating with teams to support closure of model governance-related critical supervisory matters and other issues.
• Performing review of model governance requirements, including documentation, to ensure applicable requirements are met.
• Identifying, scoping, and executing on process improvements.
• Facilitating information requests and related reporting activities across various stakeholders.
• Maintaining information and processes to reduce risk using rigorous analysis.
• Individually perform or partner with team members to obtain resolutions to outstanding items and follow up on deliverables.
• Maintaining status with relevant industry and regulatory standards, best practices, and business processes used in model risk management.
• Determine business areas that pose potential risks to the enterprise.
• Evaluate the impact of proposed risks to the enterprise.
• Monitor and report on information and processes to reduce risk using rigorous analysis.
• Document and report on resolutions and control guidelines.
• Partner with the team to review business strategies and make decisions that will drive success in the face of shifting consumer behaviors and regulations.

Qualifications

THE EXPERIENCE YOU BRING TO THE TEAM

Minimum Required Experiences

• 2+ years of relevant model governance, controls, compliance, risk management or program governance experience.

Skills

• Experience gathering accurate information to explain concepts and answer critical questions.
• Skilled in presenting information and/or ideas to an audience in a way that is engaging and easy to understand.
• Relationship Management including managing and engaging stakeholders, customers, and vendors, building relationship networks, contracting, etc.
• Risk Assessment and Management including evaluating and designing controls, conducting impact assessments, identifying control gaps, remediating risk, etc.
• Governance and Compliance including creating policies, evaluating compliance, conducting internal investigations, developing data governance, etc.
• Working with people with different functional expertise respectfully and cooperatively to work toward a common goal.
• Influencing including negotiating, persuading others, facilitating meetings, and resolving conflict.
• Experience helping an organization to plan and manage change in effort to meet strategic objectives.
• Experience in the process of analyzing data to identify trends or relationships to inform conclusions about the data.
• Adept at managing project…