Hiring During COVID-19: Fannie Mae is hiring for all open positions as we deliver on our mission of providing stability, liquidity, and affordability to the housing market during this critical time. All interviews and onboarding are conducted virtually. We look forward to connecting with you. Learn more

Risk Policy Associate III

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.


Liaise between partner areas related to risk governance activities. Contribute to the identification of gaps in the existing- and development of new business processes. Draft and/or update risk policies/procedures and delegations. Provide key contributions during the internal/external examinations and remediation of identified issues. Act as a project manager for cross-functional projects, including issue remediation and advisory bulletin gap analyses. Contribute meaningfully to a development of communication program, inclusive of training on changes and updates to policies and procedures and regulatory requirements.


  • Assist in managing efforts and projects related to risk policies/procedures development.
  • Assist in managing projects related to remediation of control gaps in processes.
  • Provide key contributions to process engineering efforts related to support areas.
  • Provide key contributions to process integrity efforts and reporting as they relate to policy exceptions, notifications, risk limit breach management, and other corporate requirements.
  • Liaison between internal and external auditors, examiners, and regulators.
  • Present at business meetings for various audiences, as required
  • Assist in leading the development and/or management of a communication program, inclusive of training on changes or updates to policies/standards/procedures, methodologies, and/or regulatory changes.

Education Level Required
  • Bachelor Degree or Equivalent
Area of Study Preferred
  • Accounting, Business, Economics or Finance
  • 4-6 years of related experience 
  • Demonstrated analytic skills as well as the ability to take disparate information and make recommendations quickly.
  • Excellent interpersonal skills and the ability to effectively communicate, both verbally and in writing, with all levels of management, staff, customers and regulatory bodies
  • Strong writing skills with the ability to write assessments clearly, accurately and analytically to support detailed findings.
  • Ability to conduct risk assessments, in-depth targeted reviews, controls monitoring and testing.
  • Ability to be flexible, multitask and reprioritize work as the needs of the business change.
  • Demonstrated teamwork skills, including ability to work independently with limited supervision.
  • Strong sense of urgency about solving problems, meeting challenging deadlines, and achieving critical goals.
  • Prior risk management, audit, compliance, legal and/or project management experience is a plus.


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: 59793