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 & Head of Balance Sheet Market Risk Oversight reports to the SVP, Chief Market & Liquidity Risk Management Officer. This leader manages the Balance Sheet Market Risk Oversight group within Market & Liquidity Risk Management and sits in the Enterprise Risk Management (ERM) organization. This role is responsible for leading a team in the independent oversight of Fannie Mae's balance sheet market risk management activities via identifying, assessing, mitigating and monitoring the residual exposures, including the interest rate and spread risk components. The team also partners with the company's modeling and analytics resources to develop and monitor methodologies, models, and risk metrics to measure market risk exposures. The successful candidate must possess extensive experience in financial institution balance sheet market risk management and strong analytical and modeling skills. Finally, this VP must bring a collaborative spirit and approach in order to work effectively with all three lines of defense and aim to achieve the best risk management outcome.
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THE IMPACT YOU WILL MAKE
The VP & Head of Balance Sheet Market Risk Oversight 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:
- Determining and developing appropriate risk metrics and associated limits and thresholds to identify and assess balance sheet market risk exposures.
- Establishing effective processes to monitor and report market conditions, balance sheet activities, positions and market risk exposures.
- Leading independent review and assessment on the first line's balance sheet market risk management practice and results.
- Leading independent review and assessment on Company's capital stress test program in relation to balance sheet market risk exposures.
- Leading prompt reporting of balance sheet market risk to ERM.
- Business management, governance and escalating of significant balance sheet issues.
- Overseeing proper balance sheet market risk policy and limits and making prompt adjustments in response to market and economic condition changes.
- Building up the general analytics capacity within the Market & Liquidity Risk Management function.
Qualifications
THE EXPERIENCE YOU BRING TO THE TEAM
- 15+ years of extensive experience in complex financial services industry, with progressive working experience in Market Risk and/or Balance Sheet Risk Management.
- A minimum of 10 years of leadership experience.
- Thorough and deep understanding of market and liquidity risk as part of an organization's overall risk exposure as well as experience developing risk limits and evaluating and assessing risk appetite.
- An understanding of interest rate risk and ideally the mortgage industry/business.
- Strong executive communication and influencing skills; a proven record of building strong relationships across a large, complex organization.
- Demonstrated experience and ability to build, develop and motivate high performing teams to execute strategy and goals.
- Subject matter expertise in the following areas:
- Balance Sheet Finance and Modeling
- Financial Mathematics and Engineering
- Market and Model Risk Management
- Basel and U.S. Regulatory Framework
- Bachelor's degree required, preferably in STEM program or a related field; Master's degree, or higher, preferred.
Additional Information
The future is what you make it to be. Discover compelling opportunities at careers.fanniemae.com.
Fannie Mae is a flexible hybrid company. We embrace flexibility for our employees to work where they choose, while also providing office space for in-person work if desired. At times, business need may call for on-site collaboration, which means proximity within a reasonable commute to your designated office location is preferred unless job is noted as open to remote.
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.