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Credit Risk Manager
Fannie Mae
Washington, DC, United States
Job Details - this job has expired, please see similar jobs below
Description
THE COMPANY
Are you interested in helping solve today's most critical housing challenges? In simplest terms, Fannie Mae serves the people who house America. We work at the heart of housing by providing reliable, affordable mortgage financing in all markets at all times, buying loans that banks and other lenders originate, so they can fund new loans. This gives more people the opportunity to buy, refinance, or rent homes and apartments. Creating these opportunities is what drives the people who work at Fannie Mae.
For more information about Fannie Mae, visit http://www.fanniemae.com/progress
JOB INFORMATION
Facilitate the analysis, monitoring and management of Multifamily products, assets, and or Counterparties, track profitability targets, mitigate Multifamily credit risk. Develop data, financial analytics and reports to communicate business unit activities to Multifamily stakeholders. Manage lender requests. Support the development and implementation of Multifamily credit risk standards, policies and procedures. Communicate uses and applications of the Multifamily Seller Servicer Guide (MSSG) policies to affected parties. Provide management direction to the business unit.
KEY JOB FUNCTIONS
• Support activities to further develop the teams understanding of the Multifamily market including; DUS model, loss sharing, products, real estate finance, transactions and structures, legal contracts, loan documents, property/ collateral valuation, cap rates, credit, regional markets.
• Provide subject matter expertise specific to the Multifamily Seller Servicer Guide (MSSG) policies, its uses and applications.
• Enroll team in business processes to analyze Multifamily portfolio data, counterparties, markets, complex loan agreements/ terms, financial statements, cash flows and loss calculations. Build expertise within the team to identify trends, and draw reasonable conclusions from examination of data and other sources of information.
• Significant depth of understanding of business unit activities and in context of coordinating team and customer interactions to mitigate financial and credit risk. Resolve problems, source and develop information to negotiate position(s) with customers and senior management.
• Direct others in the process of navigating multiple systems, managing data, creating reports and implementing business plans. Ensure team members are focused upon data quality and integrity. Enroll others to resolve issues and mitigate risk.
• Improve processes to monitor and communicate credit risk within the team and across the Multifamily organization.
• Lead and develop action plans for non-routine project-based work including regulatory and internal audit activities.
• Maintain Fannie Mae training schedule. Actively focus upon personal development aligned with Fannie Mae leadership criteria for people managers and that complements business unit goals.
• Position requires performance management coaching and direction to team members.
Qualifications
EDUCATION
• Minimum Bachelor's Degree
MINIMUM EXPERIENCE
• 6+ years of related experience
SPECIALIZED KNOWLEDGE & SKILLS
• Knowledge of Multifamily real estate markets (Northeast, Mid-Atlantic & Southeast) and property types
• Experienced in Underwriting Debt with complex structured transactions (Equity)
• Experience communicating complex ideas and processes to colleagues and stakeholders
• Ability to work independently while effectively managing multiple tasks and projects on tight timelines
Location of role flexible within Northeast and Southeast Regions.
EMPLOYMENT
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.
Fannie Mae is an Equal Opportunity Employer.