Fannie Mae provides reliable, large-scale access to affordable mortgage
credit in communities across our nation. We are the leading source of funding
for housing in America, which means more people can buy or rent a home. We are
focused on sustaining the housing recovery, improving our company, and leading
change to make housing better.
Join our diverse, high-performing team and make a difference as we work
together to enable access to a good home.
For more information about Fannie Mae, visit http://www.fanniemae.com/progress
Overview of Job / Management and Reporting Structure
The VP & Capital
Markets Chief Risk Officer (CRO-CM) reports to the SVP & Chief Risk
Officer for the Enterprise Risk Management division and provides independent
risk oversight of Fannie Mae's Capital Market's functions. These include overall asset, liability, and
capital management for Fannie Mae's balance sheet. The CRO-CM manages a team
that is responsible for identifying, assessing, mitigating and monitoring the
market, liquidity, and credit risks associated with the company’s retained
mortgage portfolio as well as providing a review and challenge role in
Finance activities related to earnings and capital measures.
The CRO-CM is responsible
for developing and maintaining Market and Liquidity Risk Policies and supporting
governance documents, recommending the appropriate limit structure to align
to the company’s Risk Appetite, monitoring risk exposures against these
limits, and serving on the Asset and Liability and Capital Committees. The CRO-CM works with the company’s
modeling and analytics resources to develop methodologies and models to
measure market risks.
Successful incumbent must
possess risk management or portfolio management experience to establish and
maintain credibility with business units and other constituents, including
Key Job Functions & Duties
- Establishing and
monitoring interest rate risk and liquidity risk limits for Fannie Mae’s $200
billion retained mortgage portfolio and $75 billion liquidity portfolio.
- Providing 2nd line
effective challenge of the company’s balance sheet management activities.
- Interfacing with key
stakeholders in both the 1st and 2nd lines, including the CFO, Treasurer,
Business Unit Heads within Finance, and line Chief Risk Officers within
Enterprise Risk Management.
- Monitoring market,
industry, and regulatory developments that affect balance sheet management
and associated risks.
- Managing market and
liquidity risk teams that monitor performance and exposures.
- Managing capital risk
team that provides a review and challenge function for capital and earnings
- Managing a financial
systems and data team that ensure timely and accurate access to the company’s
positions and risk measure infrastructure.
- A minimum of 10
years of experience required within the discipline. 15 plus years
- A minimum of 10
years of managerial experience.
- Experience in
Portfolio Management and/or Risk Oversight.
- Expertise in Market
and Liquidity Risks required.
- Bachelor's degree
required; Finance preferred or related fields.
- Master's degree
preferred; Finance or related fields.
- Expert knowledge and
understanding of most fixed income markets including mortgages, agency
debt, and interest rate derivatives.
management of diverse teams; the ability to supervise and coach across a
wide variety of talent.
- Ability to explain
complex financial concepts to a variety of audiences.
communication and presentation skills.
- Customer focus: Building strong customer relationships and delivering
- Decision Quality: Making good and timely decisions that keep the organization moving
- Cultivates Innovation: Creating new and better ways for the
organization to be successful
- Strategic mindset: Seeing ahead to future possibilities and translating them into
- Collaborates: Building partnerships and working collaboratively with others to meet
- Builds effective teams: Building strong-identity teams that apply their
diverse skills and perspectives to achieve common goals
- Communicates effectively: Developing and delivering multi-mode
communications that convey a clear understanding of the unique needs of
- Drives engagement: Creating a climate where people are motivated to do their best to
help the organization achieve its objective
- Drives vision and purpose: Painting a compelling picture of the vision and
strategy that motivates others to action
- Ensures accountability: Holding self and others accountable to meet
- Drives results: Consistently achieving results, even under tough circumstances
As a condition of employment with Fannie Mae, any successful
job applicant will be required to successfully complete a background
Fannie Mae is an Equal Opportunity Employer.
Req ID: 57518