Quantitative Model Audit Lead

Join to apply for the Quantitative Model Audit Lead role at Fannie Mae —a foundational organization in the U.S. housing finance industry.

Playing an essential role in the U.S. economy, Fannie Mae is dedicated to expanding access to homeownership and affordable rental housing. Your expertise can help fuel purpose‑driven innovation that benefits millions across the country.

Job Description

As a valued member of our Internal Audit team, you will serve as a team lead, supporting the planning, execution, and reporting of model risk‑related audits across the mortgage finance business. This role focuses on areas such as interest rate modeling, market risk analysis, funding and liquidity risk management, and capital markets activities. You will also coach and mentor junior team members.

We are currently hiring for one role that can sit out of either Reston, DC, Plano, or Boston.

Responsibilities

• Assist with planning, executing, and reporting model audit engagements and technical audit reviews of models. Provide credible challenge in auditing the modeling practices across the enterprise, including evaluation of development documentation, validation activities, and ongoing monitoring.
• Apply specialized technical knowledge and expertise to perform model reviews in any or more of the following areas related to mortgage finance activities : market risk, credit risk, and counterparty credit risk.
• Serve as day‑to‑day project leader for audits ensuring projects are completed on time, within scope and budget. Review and finalize staff work papers and draft audit reports with the Model Audit Manager / Director.
• Provide day‑to‑day project management oversight of other model auditors (including project guidance and informal coaching). Conduct first‑level review of work and documentation. Communicate audit objectives; inspire and motivate team members to achieve results.
• Engage in continuous model risk assessments and monitoring in coverage areas.
• Build and maintain relationships with business partners. Provide advice and share Internal Audit knowledge with business partner managers and staff to strengthen governance, risk and control environments, as appropriate.
• Understand model risk regulatory requirements, supervisory guidance (e.g., SR 11‑7), model risk policy, and current industry practices in market, credit, or counterparty credit risk modeling. Coach junior staff and conduct training across the team and division in these areas.
• Communicate technical subject matter clearly and concisely to department leadership and teams.

Minimum Required Experiences

Desired Experiences

Compensation

138,000 - 180,000 - 220,000 a year

Education

Equal Opportunity Employer

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 need a reasonable accommodation related to the hiring / application process, please complete the appropriate form.

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