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As a Multifamily (MF) Counterparty Risk Analysis Director, you will play a critical role in evaluating and managing the operational and compliance risks associated with MF Delegated Underwriting and Servicing (DUS) lenders. You will provide strategic leadership, guiding a team that delivers independent oversight of operational and compliance risks, combining risk management expertise and relationship skills across MF to produce insightful analysis, advise leadership on emerging exposures, and strengthen the risk framework supporting the MF business. You will also oversee technology platforms and infrastructure initiatives that enhance risk analytics and reporting capabilities.
Please Note: This is an in-office position and can be based out of the Fannie Mae Washington, DC or Plano, TX offices.
THE IMPACT YOU WILL MAKE
Key Responsibilities include:
Counterparty Risk Assessments
- Establish, conduct, and lead comprehensive evaluations of DUS lenders and servicers, including detailed operational performance reviews, third-party risk, and compliance risk assessments.
- Review and evaluate counterparties’ adherence to the MF DUS Guide, Program Rules, and applicable regulatory obligations.
- Escalate material risks and adverse trends to senior management with clear, concise recommendations.
- Assist in detailed due diligence on new counterparties as part of the approval and onboarding process.
People Management
- Demonstrate proven success managing teams and multi-tier leadership structures in a high-volume, deadline-driven environment.
- Lead organizational change, implement automation, and optimize processes for efficiency and scalability.
- Drive goal setting, performance management, and operational metrics to achieve outcomes.
Risk Monitoring and Surveillance
- Perform ongoing monitoring of lender performance, including operational and financial risks, using dashboards and risk indicators to identify emerging risks and trends.
- Assess the efficiency of operations, the robustness of risk management strategies, and the adequacy of internal controls implemented by DUS lenders.
- Incorporate innovation and artificial intelligence (AI) in a controlled manner, including model ownership, human-in-the-loop controls, and change management.
- Recommend and track mitigation actions for elevated risk issues related to counterparties.
Governance and Risk Framework Support
- Contribute to the development and enhancement of compliance test protocols, policies, procedures, and risk controls governing counterparty risk management.
- Represent Multifamily counterparty operational risk perspectives at decision forums, presenting findings and detailed insights on lender performance.
- Ensure alignment with enterprise risk management standards and regulatory expectations.
Collaboration and Relationship Management
- Partner with internal and external stakeholders to ensure a consistent understanding of counterparty strength and risk exposures.
- Communicate key risk insights and provide feedback to lenders to promote strong and sustainable relationships.
- Partner with enterprise technology, information security, and business resiliency teams to ensure compliance with guide requirements and coordinated oversight.
- Act as a subject matter expert and trusted advisor for counterparty remediation matters, including technology transformation and control programs.
Qualifications
THE EXPERIENCE YOU BRING TO THE TEAM
Minimum Required Experiences & Skills
- 10+ years of experience in operational risk management, counterparty and third-party risk, technology risk, or regulated financial services.
- 6+ years of experience as a people manager.
Desired Experiences & Skills
- Bachelor’s degree or equivalent in finance, business, or risk management.
- Deep knowledge of the Multifamily lending or commercial real estate finance sector, including agency expertise.
- Deep understanding of Multifamily lending and servicing operations, including underwriting workflows, asset management, reporting, and other functional areas.
- Proven people leadership with experience building and developing high-performing teams.
- Strong executive communication skills with the ability to translate complex operational risks into clear recommendations.
- Audit, compliance risk analysis, and control testing experience.
- Experience designing and executing compliance test protocols.
- Data-driven decision-making and reporting.
- Policy interpretation and risk governance support.
- Strategic and forward-looking thinking with a risk mindset.
- Stakeholder and customer communication and influence.
- Continuous improvement, change management, and risk culture advocacy.
- Ability to manage multiple projects with high attention to detail.
Qualifications
Education:
Bachelor’s Level Degree (Required), Master’s Level Degree
Source: Fannie Mae’s Career Page
