Product Owner II

Job Description


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


The Product Owner (PO) is the member of the team responsible for defining and prioritizing the product backlog, so as to streamline the execution of program priorities, while maintaining conceptual and technical integrity of the features or components that the team is responsible for. For the features and stories in the backlog, PO defines measurable customer focused objectives.


  • End to end responsibility for a medium complexity product or major capability within a highly complex product
  • Communicates committed stories for the upcoming sprint to backlog owners and stakeholders; and conducts sprint reviews to story owners and stakeholders to ensure the user story intent has been met.
  • Formally and/or informally leads cross functional work cell (squad)
  • Establishes backlog of product features. Continuously grooms the product backlog. Writes user stories and acceptance criteria in collaboration with the team. Accepts completed user stories
  • Medium complexity product or capability
  • Engages users, customers and stakeholders to validate product features. Works with key stakeholders to define customer testing and rollout approach
  • Manages cross-squad dependencies within or across products
  • Engages with SIM to select customers for testing
  • Establishes product metrics, capability metrics and/or release metrics
  • May have budget/roadmap responsibility for a medium complexity product


Education Level Required (if any)

4-6 years
- Responsible for the creation process maps and corresponding RACIs for each file / data set and process for the Exchange - Responsible for implementing a continuous process improvement framework to maintain and update ongoing processes - Identify risks, controls, KPIs, and process improvements for each process/map - Manage day-to-day tasks with the product (i.e customer emails, user registrations, and document management)  - Assist with stakeholder management process, meetings, and products (i.e. RACIs and stakeholder management matrix)  - Assist with metrics reporting function and metrics development throughout the product lifecycle - Experience identifying and managing complex data sets for use in APIs - Demonstrable acceptance testing and business operations experience working between product and engineering teams

As a condition of employment with Fannie Mae, any successful job applicant will be required to successfully complete a background investigation.

Fannie Mae is an Equal Opportunity Employer.

Req ID: 57618