VP, SF Operational Risk Management

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 Vice President of Operational Risk, Single-Family (SF) is responsible for (1) targeted program management to ensure the Operational Risk programs are implemented and to ensure an effective control environment that includes measuring and reducing operational risk and (2) overall governance for Operational Risk across the Single-Family mortgage business. This position has leadership responsibility for setting the strategic direction of risk efforts and activities to promote and protect the interest of the corporation, inclusive of ensuring that the business strategies developed and implemented by the division are risk mitigated and managed to provide the appropriate level of safety and soundness and leading the overall efforts for first line operational risk management that includes business resiliency / continuity, third party, technology risk, data risk, fraud, human capital risk, change management risk, and others for the division.  

Ideally this leader will bring a knowledge of Consumer Lending and / or Corporate and Commercial Banking, proactive management of operational risk, collaboration with Enterprise Risk Management (ERM) and Internal Audit, the ability to strategize on best practices in risk management and operationalize those practices, and to be able to manage Single-Family focused reporting and governance.  Additionally, the ability to continually evolve and mature the function to meet the ever-changing demands of Fannie Mae and the Single-Family business is required. This position reports to the SVP, Collateral Risk in Single-Family.

THE IMPACT YOU WILL MAKE
The VP, SF Operational Risk Management 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:

• Oversee and manage 1st line operational risk management for Fannie Mae’s Single-Family division
• Understand and lead complex risk reviews, including understanding of Model Risk Management, Fair Lending, Third-Party Risk Management, Compliance, and other emerging risk dimensions of operational risk
• Set the strategy and vision of operational risk management for Single-Family as well as lead and coordinate operational compliance across Single-Family
• Lead and coordinate project work across the Single-Family division as requested and/or identified
• Ability to problem solve, strategize, and resolve large scale issues or control gap remediations
• Perform analysis in partnership with key stakeholders to identify opportunities to automate controls with new and innovative solutions
• Manage governance, risk, and compliance; operational compliance includes, but is not limited to, policies and procedures, delegations of authority,  privacy, and anti-money laundering
• Responsible for Single-Family operational risk event and incident filing and reporting within requirements and processes of ERM

Qualifications

THE EXPERIENCE YOU BRING TO THE TEAM

• 15+ years of relevant risk management experience, ideally 10+ years in a leadership capacity
• Experience working in the mortgage space or adjacent financial services industry space, ideally at a large, complex, and highly regulated financial institution
• Significant experience in leading significant transformation efforts; assessing current state and moving towards an ideal, future state target
• Experience in the process of analyzing operational risk data to identify trends or relationships to inform conclusions about the division’s risk level and health of operational risk controls
• Experience in identifying and selecting strategic options, and identifying resources to meet the defined objectives
• Experience in the process of analyzing operational risk data to identify trends or relationships to inform conclusions about the division’s risk level and health of operational risk controls
• Experience in control design, execution, and monitoring
• A background in managing sizable teams; understands how to successfully attract, develop, and retain talent
• A background in Risk Assessment and Management including evaluating and designing controls, conducting impact assessments, identifying control gaps, remediating risk, etc.
• Proven track record being a successful Relationship Manager; someone who can foster strong connections to the Single-Family teams as well as man