VP & Sr. Credit Officer, Multifamily

Company Description

At Fannie Mae, futures are made. The inspiring work we do helps make a home a possibility for millions of homeowners and renters. Every day offers compelling opportunities to impact the future of the housing industry while being part of an inclusive team thriving in an energizing, flexible environment. Here, you will grow your career and help create access to fair, affordable housing finance.

Job Description

The VP & Sr. Credit Officer, Multifamily leads the organization that is responsible for developing corporate parameters for Multifamily (MF) credit risk and establishing associated risk limits and thresholds. The group also provides independent oversight of the MF book and acquisitions and evaluates the effectiveness of risk management across the business. The VP & Sr. Credit Officer, Multifamily reports to the SVP and Chief Credit Officer.

THE IMPACT YOU WILL MAKE
The VP & Sr. Credit Officer, Multifamily role will offer you the flexibility to make each day your own, while working alongside people who care so that you can deliver on the following responsibilities:

• Responsible for leading a team that provides effective oversight of risk management within the Multifamily business unit.
• Oversee Multifamily compliance with the principles established in the Enterprise Credit Risk Policy, and the related Multifamily Credit Risk Management Standard.
• Ensure that business unit policies and procedures to implement sound credit risk management practices are in place.
• Establish Multifamily limits, escalate limit breaches, review management action plans to address breaches, and monitor the execution of the action plans.
• Monitor business activity to ensure adherence to the established risk thresholds.
• Review risk reporting to assess risk levels against established limits and to proactively identify emerging credit risk trends.
• Represents Enterprise Risk Management on various committees and senior management meetings within the Multifamily Mortgage Business.
• Responsible for identifying potential risk issues and escalating as appropriate.
• Works closely with the Multifamily Chief Credit Officer to understand key risks within business.
• Additionally, in the event of limit breaches, collaborates with Multifamily to follow the limit escalation protocol.
• Works with other oversight groups to assess potential issues (e.g.:, measurement analytics or staffing) relating to the Multifamily BU's ability to measure key credit risks.
• Leads the development and maintenance of corporate level credit policies governing the Multifamily division, including the review and update of these policies.
• Responsible for leading the quarterly review and independent challenge of the Allowance for Loan Losses for the Multifamily division.

Qualifications

THE EXPERIENCE YOU BRING TO THE TEAM

• 10+ years of related experience
• 5+ years of Management experience

Additional Information

The future is what you make it to be. Discover compelling opportunities at careers.fanniemae.com.

Fannie Mae is an Equal Opportunity Employer, which means we are committed to fostering a diverse and inclusive workplace. All qualified applicants will receive consideration for employment without regard to race, religion, national origin, gender, gender identity, sexual orientation, personal appearance, protected veteran status, disability, age, or other legally protected status. For individuals with disabilities who would like to request an accommodation in the application process, email us at careers_mailbox@fanniemae.com.
 

The hiring range for this role is set forth on each of our job postings located on Fannie Mae's Career Site. Final salaries will generally vary within that range based on factors that include but are not limited to, skill set, depth of experience, certifications, and other relevant qualifications. This position is eligible to participate in a Fannie Mae incentive program (subject to the terms of the program). As part of our comprehensive benefits package, Fannie Mae offers a broad range of Health, Life, Voluntary Lifestyle, and other benefits and perks that enhance an employee’s physical, mental, emotional, and financial well-being. See more here.