Credit Risk Analyst III
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
Develop, recommend, and implement 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. Apply credit management models to current assets or underwritten products to recommend shifts in collateral or reserves to mitigate credit risks.
KEY JOB FUNCTIONS
Conduct credit analyses using advanced methods and tools of aggregated data provided by lenders, clients of the organization, or other sources of data.
Examine risk elements of proposed deal, purchase, or existing relationship with a client and make recommendations to management regarding continuing to closure, or additional credit enhancements needed to make deal more acceptable.
Create or assign credit scores to aggregated data from multiple loans based on the company's proprietary underwriting or loan origination software.
May take lead in maintaining data integrity of proprietary credit rating or underwriting applications and assist as a business-end user in their systems enhancements.
Research value frauds and patterns, initiate and contribute to new tools for detecting value-related fraud. Make recommendations for new policies to minimize fraud and control other risks more effectively.
Develop model approaches to new credit enhancement and risk sharing agreements. Work with business unit management to determine appropriate strategies for entering new mortgage markets with high model uncertainty.
Advise marketing staff or customers about corporate credit policies and counsel them to adopt practices that assure better chance of success in deals or transactions.
May lead analytical, policy development, or integration effort within unit or with other corporate departments.
EDUCATION
Bachelor's Degree or equivalent required
MINIMUM EXPERIENCE
4 years of related experience
SPECIALIZED KNOWLEDGE & SKILLS
Demonstrated ability to perform credit risk analysis on more complex risk and policy issues (in depth understanding of drivers of credit risk)
Demonstrated ability in using data to identify risks and trends & support risk analysis
Demonstrated ability to build relationships with chief risk executives
Demonstrated ability to build internal relationships and collaborate across functions
Demonstrated ability to think about strategic impacts for customer, company, industry
Demonstrated ability to persuade, defend and explain risk decisions to executive stakeholders
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.
. Apply now!Estimated Salary: $20 to $28 per hour based on qualifications.
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
Develop, recommend, and implement 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. Apply credit management models to current assets or underwritten products to recommend shifts in collateral or reserves to mitigate credit risks.
KEY JOB FUNCTIONS
Conduct credit analyses using advanced methods and tools of aggregated data provided by lenders, clients of the organization, or other sources of data.
Examine risk elements of proposed deal, purchase, or existing relationship with a client and make recommendations to management regarding continuing to closure, or additional credit enhancements needed to make deal more acceptable.
Create or assign credit scores to aggregated data from multiple loans based on the company's proprietary underwriting or loan origination software.
May take lead in maintaining data integrity of proprietary credit rating or underwriting applications and assist as a business-end user in their systems enhancements.
Research value frauds and patterns, initiate and contribute to new tools for detecting value-related fraud. Make recommendations for new policies to minimize fraud and control other risks more effectively.
Develop model approaches to new credit enhancement and risk sharing agreements. Work with business unit management to determine appropriate strategies for entering new mortgage markets with high model uncertainty.
Advise marketing staff or customers about corporate credit policies and counsel them to adopt practices that assure better chance of success in deals or transactions.
May lead analytical, policy development, or integration effort within unit or with other corporate departments.
EDUCATION
Bachelor's Degree or equivalent required
MINIMUM EXPERIENCE
4 years of related experience
SPECIALIZED KNOWLEDGE & SKILLS
Demonstrated ability to perform credit risk analysis on more complex risk and policy issues (in depth understanding of drivers of credit risk)
Demonstrated ability in using data to identify risks and trends & support risk analysis
Demonstrated ability to build relationships with chief risk executives
Demonstrated ability to build internal relationships and collaborate across functions
Demonstrated ability to think about strategic impacts for customer, company, industry
Demonstrated ability to persuade, defend and explain risk decisions to executive stakeholders
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.
. Apply now!Estimated Salary: $20 to $28 per hour based on qualifications.
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