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Lead Associate, Cybersecurity Risk Oversight

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.


Under the integrated technology function within Risk Management, the Lead Associate, Cybersecurity Risk Oversight will coordinate, communicate, and support governance, risk management activities, and project management across Fannie Mae?s second-line of defense for Cybersecurity risk as part of the DTCR (Data, Technology, Cybersecurity, and Resiliency) Risk Management Office. The incumbent will provide effective oversight and challenge of risk management activities. This position is responsible for cross-functional technology-related initiatives for risk oversight, identification, assessment, and monitoring.



  • Maintain and assist with implementing an effective technology risk (includes cybersecurity) oversight framework. Leverage knowledge of the mortgage and/or financial services industry, technologies, and product types to ensure effective management of risk associated with Cybersecurity.
  • Actively identify, assess, respond and escalate risks associated with Cybersecurity as appropriate. Identify gaps resulting from inadequate internal processes, systems or human errors associated with Cybersecurity.
  • Understand, adhere to and bolster Cybersecurity risk governance across the Cybersecurity/Information Security organizational landscape including the implementation of the three lines of defense model. Inform policies, standards and procedures for Cybersecurity to maximize efficiency and minimize risk exposure.
  • Regarding Cybersecurity Risk Oversight, directly confer with business unit management and staff by scoping business problems, analyzing processes, risk exposure and sharing lessons learned. Identify problem drivers and reinforce operational procedures with appropriate internal controls. Facilitate project and risk management-related activities that provide horizontal support across the Data, Technology, Cybersecurity, and Resiliency (DTCR) risk domains.
  • Collaborates and interfaces with risk partners and other second-line enterprise risk management functions to drive meaningful technology-risk reductions and escalation of risks, as needed.
  • Partner with second-line risk management functions to help ensure proper execution of established frameworks, policies, standards, strategies (including risk appetite, RCSA). Comprehensively assess risks and gather insights from issues and events across technology business areas to provide an aggregated risk assessment.
  • Assist with design and implementation of internal governance processes (includes reporting, issue management, policy/standard review, risk identification, risk assessments, and risk monitoring). Facilitates use of tools by which Cybersecurity risk owners identify new, top, emerging, or changing risks stemming from business activities or external events. Tools include Risk and Control Self-Assessments (RCSA), risk opinions for Key Business Decisions (KBD), and Material Risk Identification in accordance with policies and standards.
  • Confer with first-line risk partners to assess technology capabilities, analyzing processes, and risk exposure to drive the implementation of appropriate risk management controls across the Cybersecurity landscape. Review technology and risk management processes; examine documentation and flow to identify ways to improve and streamline risk mitigation processes.
  • Assist in presentations and workshop sessions on Cybersecurity risk management activities, process analysis, risk identification, assessment, control, and mitigation.
  • Where required by internal policies or external agencies, develop documentation of reports. This also includes developing, contributing to, and monitoring metrics and reporting (e.g., management reporting, internal reporting, etc.).



  • Bachelors degree or equivalent




  • Certified Risk Management Professional, Certified Internal Auditor, Certified Information Security Manager, Certified Information Systems Security Professional, Certified Data Management Professional, Certified Business Continuity Auditor




  • 7+ years of related Cybersecurity/Information Security Risk Management experience or 1st line technology delivery experience in one or more of the following domains: data, cyber security, application development and operations
  • Relevant work within a financial services, capital markets, insurance organization or in a cybersecurity-focused role within a regulatory organization




  • Strategic Perspective - Demonstrate the relationship of Cybersecurity Risk Management to Corporate Strategy and how successful management of the cybersecurity threat landscape contributes to the safeguarding of the enterprise; Assess, oversee, challenge, and validate first-line cybersecurity controls monitoring/testing; Consult on emerging trends
  • Must possess business acumen and credibility to help business line(s) proactively identify and address changing risk profile
  • Possess superior communication skills and goal-oriented mindset
  • Demonstrate process facilitation, process management and improvement skills
  • Demonstrated ability to function in a similar role within a large and complex organization
  • Strong project management skills; self-motivated
  • Strong analytical skills in ability to interpret data, derive analytical insights from data and use tools as necessary (e.g., for testing and monitoring)



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: 59343