Internal Auditor IV - Modeling
Fannie Mae - Washington, DC

This job posting is no longer available on Fannie Mae. Find similar jobs: Internal Auditor jobs - Fannie Mae jobs


Fannie Mae exists to expand affordable housing and bring global capital to local communities in order to serve the U.S. housing market. Today, our focus is on preventing foreclosures, making mortgages and rental housing as affordable as possible, and supporting the housing recovery. We are rapidly building and realigning our company to better serve the market as we support the Administration's Homeowner Affordability and Stability Plan.

Join our dedicated, diverse, high-performing workforce and put your unique talents to good use as we work with our partners to advance our nation's housing recovery.

For more information about Fannie Mae and our career opportunities, visit


The Risk Management & Analytics Team within Internal Audit aims to provide independent review and assurance relating to Fannie Mae's practices and oversight processes relating to management of credit, market, counterparty, operational and model risks. The team leads audit projects relating to risk management activities in various business units as well as the Enterprise Risk Management oversight function, utilizing subject matter expertise in risk management as well as relevant analytical methods and techniques in respective risk categories.


Apply technical knowledge and expertise in risk management and risk analysis to perform reviews of various business units and risk oversight functions

Share knowledge and develop staff capabilities to strengthen understanding of risk management concepts, methodologies and analyses

Conduct fieldwork, including data analysis, technical reviews, reviews of policies, analyses and reporting, and other substantive testing relating to risk management

Assist with coordinating and administering assignments, monitoring audit team progress and managing budgets and schedules

Provide day-to-day project management oversight of team members (including project guidance and informal coaching).

Use a risk-based approach to develop and adjust audit plans as appropriate and determine areas requiring additional analysis

Conduct first level review of staff work and documentation; leverage Manager/Director guidance as needed

Review and finalize audit reports

Track results of prior audits and facilitate appropriate corrective action

Communicate project team and audit objectives; inspire and motivate team members to achieve results.

Continually strengthen and improve the governance, risk and control environment of the organization acting as a key driver of change within Internal Audit and across the organization.

Build and maintain relationships with business partners at the manager and staff levels.


Bachelor's Degree or equivalent required

Preferred, Graduate degree in Business, Finance, Economics, or other quantitative discipline


CIA, CFA, and/or CPA preferred


4-7 years of related experience


Subject matter expertise in risk management concepts and risk policy development

Strong enterprise risk management experience with broad exposure to various risk categories such as counterparty risk, operational risk, model risk, etc. preferred.

Experience developing or assessing risk management activities and strategies related to loan acquisitions, underwriting, portfolio management or loss mitigation

Solid understanding of residential mortgage products and related risks

Experience in credit risk evaluation methodologies, including qualitative and quantitative approaches

Knowledge of leading practices in credit processes, policies, reporting, etc.

Superior problem solving skills

Excellent written and oral communication skills; well developed presentation skills

GSE risk management experience preferred

Supervisory experience within a regulatory framework or internal audit experience preferred

Experience using quantitative techniques and modeling to solve business problems in lending and risk management preferred


As a condition of employment with Fannie Mae, any successful job applicant will be required to pass a pre-employment drug screen and to successfully complete a background investigation, which may also include a credit check for positions in some areas of our business.

Fannie Mae is an Equal Opportunity Employer.

About this company
238 reviews
We are looking for employees who are intent on helping us achieve something remarkable. Since 2009, we have made tremendous progress in...