Sr Risk Analyst - Fannie Mae (Washington, DC)

Fannie Mae is a shareholder-owned company with a public mission: to tear down barriers, lower costs, and increase the opportunities for homeownership and affordable rental housing for all Americans. Over our 70-plus year history, Fannie Mae has worked with housing partners to provide low-cost financing for more than 60 million American families to own or rent a home. For more information about Fannie Mae and our career opportunities, please visit www.fanniemae.com

The Credit Risk Oversight (Capital Market) unit is responsible for providing effective oversight of the measurement and management of the credit risk, within the Capital Market business unit. This structured risk analyst position is located within the Oversight sub-unit of the Credit Risk Oversight (Capital Market) unit. The key responsibilities of the Analyst are to:

• Review deal structure and analyze bond/deal cashflow using various analytic tools to perform various sensitivity tests or stress tests in order to assess and quantify the collateral and bond/deal level credit loss potential
• Assist VP and Director Credit Risk Oversight (Capital Market) in presentation preparation for risk assessment and risk reporting, as required (e.g. credit risk assessment of new products, surveillance of existing securities/wraps and credit risk policy/procedure development)
• Uses various internal and external analytic tools (such as, Intex Desktop, Trepp) to perform bond/deal level cashflow analysis in order to assess bond level credit risk. Performs sensitivity tests or stress tests on key model inputs, including but not limited to macro economic variables (interest rates, house prices), prepayment rate, default and delinquent rate, loss severity. Provides regular sensitivity reports to CRO senior management and conducts ad hoc analysis on any new bond/wrap acquisition or existing bonds/wraps in Capital Market.
• Diagnoses deal capital structure, reviews deal structure modeling reasonableness, assesses bond performance and analyzes loan collateral quality and performance. Provides internal rating assessment for bonds in the portfolios.
• Obtains and reviews reports and communications from Capital Market business unit. Responsible for raising relevant risks and issues encountered during review of reports to the VP and Director, Credit Risk Oversight (Capital Market). Leads assessment required to ensure business unit credit risk measurement and management is sufficient to give an accurate reflection of Capital Market credit risk. Analyses include methodology and staffing review, relative to possible more robust approaches, in light of Capital Market credit risk trends.
• Assists Director and VP, Credit Risk Oversight (SF) in the following duties as they relate to the Capital Market business unit:
  • Assessment of potential corrective actions in the event of limit breaches
  • Independent risk assessment of new products and business process initiatives, according to requirements of New Product Development Policy
  • Production of presentations to internal and external constituencies (ie Board, regulator, rating agency)
• Participates, where possible, in meetings with the Capital Market business unit, with the VP or Director, to ensure awareness of credit risk issues.
• Remains abreast of new developments relating to credit risk within the regulatory environment, industry, rating agency, company and discipline.

• Four to five years experience in mortgage industry with structured finance background. Bond analytics experience required.
• Relevant work within a top financial services, insurance, or regulatory organization, preferably in a risk measurement, management or oversight capacity.
• Excellent quantitative background with strong analytic and statistical skills.
• Experience in Intex Desktop, Intex Dealmaker or Trepp. Exposure to consumer behavioral models, including prepayment model, delinquent and default model, loss severity model, interest rate model and house price model.
• Bachelor’s degree in Economics/Finance or other quantitative discipline required, Masters preferred.
• Solid understanding of the mechanics of mortgage securities market and securitization processes. Knowledgeable about credit risk assessment analytics and models.
• Strong PC skills required, including extensive experience with Microsoft Word, Microsoft Excel and Microsoft Power Point.

• Fannie Mae’s compensation and benefits package is very competitive. It is designed to help employees meet varying needs throughout their careers and to reward employee’s skills, experience, and potential.
• Fannie Mae is an equal employment opportunity employer and considers qualified applicants for employment without regard to race, gender, age, color, religion, national origin, marital status, disability, sexual orientation, or any other protected factor.
• 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 if the position is sensitive in nature.

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