Model Risk Reporting Director (Flexible Hybrid)

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

As a valued leader on our team, you will manage the work of a team responsible for evaluating operations and compliance in the oversight of the theoretical and empirical research in all areas of mortgage finance business, including mortgage products and securities, borrower behavior, investment and hedging strategies, residential property valuation, macroeconomic models, including housing prices and interest rate, financial valuation of finance assets and derivatives, economic capital, and stress testing. In this role, you will establish, manage, oversee, and perform analytics and reporting functions supporting model governance and risk management.

THE IMPACT YOU WILL MAKE
The Model Risk Reporting Director (Open to Remote) 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:

• Direct teams in the identification and reporting of existing and emerging model risks that stem from business activities, internal processes, and changes in the financial services industry, regulatory compliance, or other external environmental factors.
• Work closely with relevant stakeholders to understand all aspects of the workflow processes managed for model validation, model performance monitoring, and model issue management and generate recommendations for identified patterns.
• Ensure risks associated with business activities are effectively identified, measured, monitored, reported, mitigated, and controlled.
• Produce qualitative and quantitative analyses for project management and executive-level reports to provide a strategic view of model risk to key stakeholders; design, implement, and maintain an inventory of processes, controls, metric framework and dashboards supporting portfolio and business process assessments.
• Collaborate on technology solutions to facilitate accurate and comprehensive data capture for compilation, processing, and interpretation required in regular and ad hoc reporting to stakeholders, executive leadership teams, and regulators. Provide innovative thorough, and practical solutions that improve business performance and support business strategies and initiatives.
• Apply understanding of relevant business context to interpret results, monitor performance, and assess risks, which may include the application of mathematic, statistical, and econometric techniques. Oversee ad hoc quantitative analyses, modeling, or programming using Tableau, SAS, SQL, R, or Python.
• Build, develop, and motivate a high performing team.
• Foster a culture of continuous improvement and quality excellence.

Qualifications

THE EXPERIENCE YOU BRING TO THE TEAM

Minimum Required Experiences:

• 8 years in model validation or model development
• Expertise in quantitative analytics applied to one or more areas within credit, interest rate, counterparty credit risk, and/or fixed income valuation in the financial services industry
• Expertise in developing and testing hypotheses, using experimental design, and applied statistical methods (e.g., regression analysis and AI/ML techniques)
• Skilled in the graphical representation of information in the form of a charts, diagrams, pictures, and dashboards with programs and tools such as Excel, Tableau, or Power BI
• Excellent oral and written communication; experienced at presenting information and/or ideas to an audience in a way that is engaging and easy to understand
• Skilled in creating visual concepts, creating content, and editing content by hand or with the help with computer software to communicate ideas
• Adept at engaging with leadership and key stakeholders to drive consensus and action, including the ability to explain technology solutions and processes in business terms
• Collective capabilities for leadership, including leading teams, giving feedback, facilitating meetings, and coaching and mentoring
• Influencing skills including negotiating, persuading others, facilitating meetings, and resolving conflict
• Excellent analytical problem-solving and decision-making skills, with the ability to effectively prioritize and manage multiple tasks and deadlines.
• Experience working with people with different functional expertise respectfully and cooperatively to work towards a commo