At Fannie Mae, 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 a collaborative team thriving in an energizing environment. Here, you will grow your career and help create access toaffordable housing finance. Job Description As a valued colleague on our team, you will contribute to assessing and identifying potential risks that may threaten our reputation, safety, security, and/or financial success, as well as communicating and collaborating with key stakeholders across the enterprise, and understanding business objectives. The Model Governance Risk Management Senior Associate will join the *Model Governance Solutions* team - a first-line of defense team responsible for driving efficiency, consistency and sustainability in first-line model management activities. The focus area for the Senior Associate will be to support a portfolio of modeling assets that are used across the enterprise for financial reporting and risk management purposes. *THE IMPACT YOU WILL MAKE* The Model Management - Senior Associate 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: * Be a subject matter expert on Fannie Mae model management and governance requirements and act as a consultant on all aspects such as risk tiering, model classifications, review processes, documentation requirements, etc. for the modeling areas in your portfolio. * Ensure risk-based execution and compliance with the Model Risk Management Lifecycle (MMLC) via guidance, training, reporting and monitoring of applicable processes * Drive design of remediation action and on-time closure for model related issues, findings, and action items for modeling areas in your portfolio. * Provide additional support to the Model Controller for effectively executing their role throughout the MMLC, including required review of documentation artifacts. * Act as a presentative with 2nd Line of Defense on enhancements and risk-based refinements to the Policies, Standards and Procedures on behalf of the Model Owners, Users and Developers. * Work with stakeholders on Internal Audit, Model Risk and FHFA engagements and exams as well as emerging issues and opportunities for enhancements. * Keep up to date with relevant industry and regulatory standards, best practices, and business processes used in model risk management. *THE EXPERIENCE YOU BRING TO THE TEAM* *Minimum Required Experiences* * 2 years, focusing on model risk management or modeling and analytics * Bachelor degree or equivalent, in business, economics, or a related field *Desired Experiences* * Experience developing, using or reviewing models in the financial services industry or designing model risk management frameworks. * Expertise in gathering accurate information to explain concepts and answer critical questions * Knowledge of risk assessment and management including evaluating and designing controls, conducting impact assessments, identifying control gaps, remediating risk, etc. * Relationship Management including managing and engaging stakeholders, customers, and vendors, building relationship networks, contracting, etc. * Experience working with people with different functional expertise respectfully and cooperatively to work toward a common goal Enterprise Modeling and Analytics - Risk Management - Senior Associate Target Pay Range: $94,000 - $122,000 a year \#LI-Hybrid #LI-ME1 Qualifications Education: Bachelor's Level Degree (Required) The future is what you make it to be. Discover compelling opportunities at Fanniemae.com/careers. For most roles, employees are expected to work onsite on a regular basis at their designated office location. In-office work cadence is determined by your manager. Proximity within a reasonable commute to your designated office location is preferred unless the job is noted as open to remote. Fannie Mae is an equal opportunity employer and considers qualified applicants for employment without regard to race, color, religion, sex, national origin, disability, age, sexual orientation, gender identity/gender expression, marital or parental status, or any other protected factor. Fannie Mae is committed to providing reasonable accommodations to qualified individuals with disabilities who are employees or applicants for employment, unless to do so would cause undue hardship to the company. If you need assistance using our online system and/or you need a reasonable accommodation related to the hiring/application process, please complete this form . The hiring range for this role is set forth below. 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 . Requisition compensation: 94000 to 122000 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.