Director Credit Risk - Multifamily','50913','!*!THE COMPANYAre 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/progressJOB INFORMATIONPlan and direct the work of a unit whose staff develops, recommends, and implements credit risk standards for products or assets the company finances or underwrites. Assess and approve credit limits and monitor credit exposure for routine and complex transactions, and assess collateral requirements included in loan origination. Apply credit management models to current assets or underwritten products to recommend shifts in collateral or reserves to mitigate credit risks. KEY JOB FUNCTIONS
Develop and/or communicate standards for assessing credit risk in loans the organization purchases or deals in which it participates. Direct staff applying these standards in the analysis of particular batches of mortgages or proposed transactions.
Confer with management of business units who are planning to make purchases of loans or MBSs, to assess credit risks associated with loans or lenders and are assessing loan data in order to assign credit score(s) to the package of loans.
Communicate with financial institutions who do business with the organization to ensure that they understand the company's credit risk standards and current appetite for risk in the company's buying practices.
Examine, or direct staff to examine current and recent transactions and associated risk parameters to assess their accuracy and to feed back to policy staff and modeling staff empirical data for their to evaluate the utility of current policies and models.
Report to senior management on the unit's production, activities, and efforts.
Represent the unit as an expert or resource to cross-functional project or coordinating teams.
Plan, document, and manage the performance of subordinate managers and/or staff. Provide for professional or technical growth through assignment, mentoring, or training.
Plan and manage the unit's budget. Approve expenditures or budget transfers.','!*!EDUCATION
Bachelor's Degree or equivalent required
8 years of related experience
SPECIALIZED KNOWLEDGE & SKILLS
Experience managing a Loan Review function in a regulated financial institution or equivalent experience within a federal
or state regulatory agency.
Commercial real estate underwriting and/or work-out experience is a plus.
Thorough understanding of DUS lending standards, practices, products & executions preferred..
Detailed understanding of ASC 450-20 (FAS 5) & ASC 310-10-35 (FAS 114) reserving methodologies.
Detailed experience with impairment, loan rating methodologies within regulated financial institutions.
Demonstrated strong leadership, planning & managerial abilities. Proven capability to effectively present analysis,
respond to questions, deliver difficult but balanced messages to management, Lenders, auditors and
Strong organizational & interpersonal skills. Empowers others, builds confidence, demonstrates a positive style.
Makes timely decisions, at times with incomplete information and tight deadlines.
Leads by example, builds trust with others
Dallas location preferred.
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, which may also include a credit check for positions in some areas of our business.
Fannie Mae is an Equal Opportunity Employer.','Director','Director','Risk Management','TX-Dallas','DC-Washington','Multifamily Risk','Full-time','','Standard','','Regular','','No','No','3-Seasoned (over 7 years)','3-Seasoned (over 7 years)','Director Credit Risk - Multifamily
Website : http://www.fanniemae.com
We serve the people who house America. We are a leading source of financing for mortgage lenders, providing access to affordable mortgage financing in all markets at all times. Our financing makes sustainable homeownership and workforce rental housing a reality for millions of Americans. We listen to our customers and partners to understand their needs, putting them at the center of everything we do. We apply our experience and expertise to deliver innovative, smart solutions to help our customers succeed. We also help make possible the popular 30-year, fixed-rate mortgage, which provides homeowners with stable, predictable mortgage payments over the life of the loan. Our tools and resources help homebuyers, homeowners, and renters understand their housing options. - See more at: http://www.fanniemae.com/portal/about-fm/who-we-are.html#sthash.TXyFv9xs.dpuf