improve the forecast, monitoring and identification process.
- Optimize Single Family portfolio by balancing multiple objectives. Timely report and identify issues that may hinder Single Family achieving its goals.
- Understand Fannie Mae's DU model.
- Provide innovative ideas to improve our process and functions to gain efficiency
- Propose actions to execute plans or decisions to avoid risks or mitigate their impact.
- Oversee risk analysis, review findings, and assist leadership with developing solutions.
- Direct and train teams and business groups on risk mitigation strategies and assist leadership with strategy development.
Qualifications
THE EXPERIENCE YOU BRING TO THE TEAM
Minimum Required Experience
- 8 years of experience working in risk management function for a financial institution, 12 years of experience preferred
- Must have adequate knowledge of Single Family mortgage business and risk and understand stress test for financial institutions
Desired Experience
- Bachelor's degree, Master's degree preferred
- Strong written and verbal communication skills
- Skilled in Excel, Power Point, and Tableau
- Skilled in SQL and Python object-oriented programming
- Desired analytical skills:
- Experience identifying and determining levels of mortgage risk and provide remediation for risk reduction
- Portfolio management skills, understand portfolio optimization framework, able to assess impact on Single Family portfolio when making tradeoff decisions
- Familiar with mortgage loan underwriting model (DU) framework, stress testing, Basel regulatory capital
- Risk assessment and management capability including evaluating and designing controls, conducting impact assessments, identifying gaps, and remediating risk
- Familiar with risk limit setting methods and process
- Understand stress test concept and techniques for financial institutions
- Adequate quantitative knowledge to understand quantitative credit risk models, and their model rationale and applications
- Track record for conducing independent, original research; for exle, be able to manipulate data to perform sound analysis that leads to decision making
- Strong presentation skills
- Able to manage project plans, resources, and people to ensure successful project completion
- Desired leadership skills:
- Collective capabilities for leadership, including leading teams, giving feedback, facilitating meetings, coaching and mentoring
- Experience identifying and selecting strategic options, and identifying resources to meet the defined objectives
- Experience helping an organization to plan and manage change in effort to meet strategic objectives
- Must be able to work with people having a different functional expertise respectfully and cooperatively while working toward a common goal
- Sound relationship management skills including managing and engaging stakeholders, customers, vendors, and building relationship networks