Introduction
Fannie Mae, a leader in housing finance, is seeking a Model Governance and Risk Management Advisor. This is a hybrid full-time role based in Reston, VA, Washington, DC, or Plano, TX. With a competitive salary range of $138,000 – $180,000 plus incentives and perks, this position offers the opportunity to shape risk management strategies that directly impact the U.S. housing economy.
About Fannie Mae
Fannie Mae plays a foundational role in expanding access to affordable housing and homeownership across the United States. As a purpose-driven organization, Fannie Mae combines innovation with impactful financial solutions to serve communities nationwide.
Role Overview
As a Model Governance, Risk Management Advisor, you will advise teams on risk models, governance, and compliance frameworks. You will work closely with management, stakeholders, and model controllers to ensure effective execution of model governance across the enterprise.
Key Responsibilities
- Advise on the application of risk models and analytical templates.
- Collaborate with teams to assess risks and their business impact.
- Review and improve processes to reduce risk exposure.
- Partner with management to provide feedback on controls and resolutions.
- Support strategic decision-making in line with evolving regulations and market dynamics.
- Guide Model Controllers and support Heads of Modeling areas in executing governance strategies.
Required Qualifications
- 6+ years of experience in risk management and governance.
- Strong knowledge of model risk management and regulatory guidelines.
- Experience with the secondary mortgage market or Fannie Mae’s multifamily business.
- Skilled in developing and implementing model governance frameworks.
- Excellent communication skills (technical and non-technical audiences).
- Proficiency in Tableau, Excel, Visio, PowerPoint, and other BI tools.
- Strong organizational skills with the ability to work independently.
- Experience in risk assessment, control design, and compliance evaluation.
Desired Qualifications
- Bachelor’s degree or equivalent experience.
- Prior experience in training modeling teams and developing best practices.
- Knowledge of Python, Risk Works, or other BI tools.
- Background in model development, governance, and validation.
- Proven skills in relationship management and strategic business insight.
Salary & Benefits
- Pay Range: $138,000 – $180,000 annually (based on skills and experience).
- Eligible for the Fannie Mae incentive program.
- Comprehensive benefits package including health, life, lifestyle perks, retirement plans, and financial well-being support.
Work Location
- Hybrid role with flexibility.
- Offices in Reston, VA; Washington, DC; Plano, TX.
- Proximity to an office location preferred unless otherwise stated.
How to Apply
Discover more about this role and apply directly at: fanniemae.com/careers.
Closing Note
This is an exciting opportunity to join Fannie Mae as a trusted advisor in risk management and model governance. If you have the expertise and drive to make an impact in the housing finance industry, apply today and grow your career with purpose.