Job Description

The VP leads an organization of approximately 30 credit analysis professionals that analyze, monitor, and manage Fannie Mae's counterparty credit risk across a wide array of financial sectors including banks, mortgage lenders and servicers, broker dealers, insurance companies, financial guarantors, and housing finance agencies. The job reports directly to the SVP Chief Credit Risk Officer within the Chief Risk Officer organization. The role manages the current counterparty credit analysis function that is responsible for rating counterparties establishing and monitoring limits and managing over limits and troubled counterparties. Management activities include recruiting, organizing, and developing teams of analysts, promoting a culture of awareness of counterparty credit among the business divisions, presenting to and working closely with senior management of the Fannie Mae business divisions and of the counterparties, and coordinating with Fannie Mae analytic and systems functions to develop, implement, and organize the appropriate tools to facilitate timely and in-depth analysis and management. The role is also responsible for the strategic development and enhancement of counterparty financial standards that impact the housing finance industry. In addition, the VP will lead development of limits and triggers to govern the overall level and distribution of counterparty risk in the organization. The job also requires organizing and managing special resource teams to manage situations requiring special attention and skills, workflow management producing timely analyses consistent to the risk. Finally, the role requires regular interaction with regulatory authorities including serving as the single point of contact for certain regulator examinations.

THE IMPACT YOU WILL MAKE

The VP, Senior Credit Officer - Counterparty role will offer you the flexibility to make each day your own, while working alongside people who care so that you can deliver on the following responsibilities:

Establish, recruit and manage a team of approximately 30 comprised of directors, credit analysts, and other professionals that promotes a strong credit culture within the group and company.
Manage an organization with the capability of managing counterparty risk on a par with the leading risk management practitioners while supporting the business.
Design organization and set tone.
Establish a strong credit culture that is responsive to business needs.
Establish/manage organizational structure, staffing levels and work approach to meet needs of business and counterparty purpose.
Establish/maintain delegations of authority, limits and reporting requirements to effectively manage risk, escalate issues and report out as needed for credit analytics and decisions team.
Proactively manage key high risk sectors and counterparties to minimize risk to FNMA.
Work with SVP Chief Credit Risk Officer to develop, manage and maintain all counterparty risk measurements, (e.g. Potential Future Exposure (PFE)) and ensure all material counterparty risks are approximately quantified, accumulated and reported out to the appropriate levels.
Align with the needs of the business and leverage industry specialization and efficiencies.
Be integrated in the business processes and meet the business needs for timely response.
Establishing an effective information network with the businesses so that Counterparty Risk is aware of relevant new transactions and events.
Recruit, develop, and retain staff.

Qualifications

THE EXPERIENCE YOU BRING TO THE TEAM

BA/BS and Master’s degrees highly preferred; CFA candidates also preferred; rea of Study: Finance, Mathematics, Statistics, Economics, Risk Management, or quantitative fields.
10+ years of experience in financial services industry, with progressive management experience with over 5 years in a leadership or executive role in Credit Risk Management.
Thorough and deep understanding of fixed income analytics and/or credit modeling and emerging methodologies. Deep understanding of financial statement analysis.
Expert knowledge and experience with regulatory guidance (FHFA, OCC, Fed) on model risk management, as well as integration of model risk into broader enterprise risk management frameworks.
Demonstrated experience and ability to build, develop and motivate high performing teams to execute strategy and goals.
Substantive experience in dealing with executive management, board of directors, regulators and other industry bodies.