Enterprise Risk – Fraud Risk Analytics & Technology – Principal (Second Line)

Playing an essential role in the U.S. economy, Fannie Mae is foundational to housing finance. Here, your expertise can help fuel purpose-driven innovation that expands access to homeownership and affordable rental housing across the country. Join Fannie Mae to grow your career and help people find a place to call home.

Job Description

As a leader within the Analytics & Modeling team in the Second Line of Defense (Enterprise Risk Management), you will lead the strategy and oversight of Fannie Mae’s fraud risk analytics and fraud related technology. You will provide authoritative independent challenge, advanced analytical insight, and credible oversight of the First Line’s fraud detection, prevention, and monitoring capabilities. You will shape the enterprise fraud analytics agenda, strengthen fraud data governance, and ensure our tools and methods align with risk appetite and supervisory expectations. 

The Impact You Will Make 

The Enterprise Risk – Fraud Risk Analytics & Technology – Principal (Second Line) 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:

• • Provide independent oversight and effective challenge of First Line fraud analytics, models, rules libraries, AI/ML algorithms, monitoring logic, and surveillance activities. 
  • Set and execute the Second Line fraud analytics oversight agenda, including thematic reviews, deep dive validations, and targeted examinations of model effectiveness and control design. 
  • Advise and brief the Head of Fraud Risk Oversight on systemic analytics weaknesses, data risks, technology gaps, and control failures requiring escalation. 
  • Drive fraud data governance standards (lineage, quality, completeness, accuracy, availability) critical to detection and reporting. 
  • Translate complex analytical findings into clear, decision useful insights for ERC, senior leadership, and the Board. 
  • Define the enterprise fraud analytics and technology strategy for the Second Line, aligned to fraud taxonomies, risk appetite, and emerging threats. 
  • Oversee development and challenge of advanced fraud analytics, including anomaly detection, behavioral analytics, network/graph analysis, segmentation, and specific risk indicators (e.g., employment fraud, authentication fraud, scams, business email compromise, impersonation of Fannie Mae). 
  • Evaluate, recommend, and oversee the implementation of fraud technology platforms (e.g., case management, detection engines, analytics environments) and the data pipelines that support them. 
  • Assess and challenge AI/ML explainability, fairness, bias, stability, and controls for fraud related analytics, in partnership with model risk management. 
  • Build and maintain risk reporting and dashboards for ERMC, senior leadership, the Board, and supervisory interactions. 

THE EXPERIENCE YOU BRING TO THE TEAM

Minimum Required Experiences

• 8 years of deep expertise in fraud analytics, financial crimes data, and technology enabled fraud controls within large financial institutions or government regulated entities. 

• Hands on experience building or overseeing fraud detection models and methods (e.g., risk indicators, segmentation, anomaly detection, typology analytics, network/graph techniques). 

• Strong understanding of Second Line of Defense operating models and the roles of independent oversight, challenge, and escalation. 

• Familiarity with fraud taxonomies, enterprise fraud risk frameworks, and fraud case management processes. 

• Proficiency with Python, R, SQL, Spark, cloud analytics environments, data lakes, and fraudfocused data pipelines. 

• Experience with GRC/fraud platforms (e.g., Actimize, SAS Fraud, FICO, Verafin or similar). 

• Ability to evaluate AI/ML explainability, fairness, model risk, and control design for fraud analytics in partnership with model risk functions. 

• Proven ability to craft executive ready communications and translate analytics into risk insights for senior leadership, ERMC, and the Board. 

Desired Experiences

•  Bachelor degree or equivalent
• Advanced degree in analytics, data science, statistics, computer science, finance, or related field. 
• Professional certifications such as CAMS, CFE, CRCM, FRM, or equivalent.
• Experience in housing finance/mortgage ecosystems and associated fraud typologies.
• Exposure to model risk management practices and regulatory interactions on analytics/technology topics.  

Enterprise Risk- Analytics and Modeling- Principal

Target Salary: $175,000 - $239,000 a year

Qualifications

Active Directory (AD), Active Directory (AD), Amazon Web Services (AWS), Artificial Intelligence (AI), Atlassian JIRA, Authentication Management, Backup and Recovery (Software), Business Insight Skills, Business Process Management Skills, Calendar and Scheduling Tools, Cleaning and Transforming Data, Cloud Technology, Collaborating Cross-Functionally, Communicating in Technical Writing, Communicating Technical Information, Communication, Configuration Management (CM), Conflict Resolution, Coordination, Customer and Market Insights, Customer Relationship Management (CRM), CyberArk, Cybersecurity Analysis, Data Analysis, Data Analysis Interpretation {+ 60 more}

Education:

Bachelor's Level Degree (Required)

The future is what you make it to be. Discover compelling opportunities at Fanniemae.com/careers.

For most roles, employees are expected to work onsite on a regular basis at their designated office location. In-office work cadence is determined by your manager. Proximity within a reasonable commute to your designated office location is preferred unless the job is noted as open to remote.

Fannie Mae is an equal opportunity employer and considers qualified applicants for employment without regard to race, color, religion, sex, national origin, disability, age, sexual orientation, gender identity/gender expression, marital or parental status, or any other protected factor. Fannie Mae is committed to providing reasonable accommodations to qualified individuals with disabilities who are employees or applicants for employment, unless to do so would cause undue hardship to the company. If you need assistance using our online system and/or you need a reasonable accommodation related to the hiring/application process, please complete this form.

The hiring range for this role is set forth below. Final salaries will generally vary within that range based on factors that include but are not limited to, skill set, depth of experience, certifications, and other relevant qualifications. This position is eligible to participate in a Fannie Mae incentive program (subject to the terms of the program). As part of our comprehensive benefits package, Fannie Mae offers a broad range of Health, Life, Voluntary Lifestyle, and other benefits and perks that enhance an employee's physical, mental, emotional, and financial well-being. See more here.

Requisition compensation:

175000

to

239000