Internal Audit Operations Lead Associate

Posted 3 Days Ago
Be an Early Applicant
3 Locations
Hybrid
109K-142K Annually
Mid level
Financial Services
The Role
Leads risk-based internal audit engagements across planning, control testing, documentation, reporting, and issue monitoring. Evaluates internal controls, risk management, governance, regulatory compliance, and business processes; identifies deficiencies and recommends corrective actions. Supervises and mentors auditors, reviews workpapers, ensures audit quality and deadlines, and communicates findings to business leaders and senior management.
Summary Generated by Built In

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 valued colleague on our Internal Audit Operations audit team, you will be responsible for leading and executing risk-based internal audits to evaluate the effectiveness of internal controls, risk management practices, and governance processes across the organization. This role provides oversight throughout the audit lifecycle, ensuring compliance with regulatory requirements, corporate policies, and industry standards while identifying opportunities to strengthen operational efficiency and mitigate risks.


THE IMPACT YOU WILL MAKE

The Internal Audit Operations Lead Associate 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:


  • Audit Planning and Execution: Lead end-to-end audit engagements, including risk assessments, audit planning, control testing, documentation, and reporting.
  • Risk and Control Assessment: Evaluate the design and operating effectiveness of internal controls, identify control deficiencies, and recommend corrective actions.
  • Team Leadership: Supervise and mentor audit team members, review workpapers, and ensure audit engagements meet quality standards and deadlines.
  • Regulatory Compliance: Assess adherence to applicable regulatory requirements, internal policies, and established risk management frameworks.
  • Stakeholder Management: Collaborate with business leaders, risk management teams, and senior management to communicate audit findings and recommendations.

THE EXPERIENCE YOU BRING TO THE TEAM

 

Minimum Required Experiences and Skills

  • 4 years of audit experience.
  • Knowledge of the audit life cycle, including planning, design assessment, operating effectiveness testing, reporting, and issue monitoring.  
  • Prior experience leading a team of auditors and reviewing audit materials.
  • Strong critical thinking and analytical skills to evaluate risks, controls, business processes, and data sets.
  • Strong written and verbal communication skills, with the ability to clearly document and share audit results.
  • Ability to collaborate effectively with business partners, audit team members, and management.
  • Shows curiosity and adaptability in learning and responsibly applying new technologies, including artificial intelligence, to reimagine how we work.

Desired Experience

  • Bachelor’s degree or equivalent.
  • Audit experience within the financial services or mortgage industry is highly desired.
  • CIA, CPA, CISA certification preferred or in the processes of obtaining.  


Operations – Internal Audit – Lead Associate


#LI-Hybrid


Qualifications

Education:

Bachelor's Level Degree

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:

109000

to

142000

Skills Required

  • At least 4 years of audit experience
  • Knowledge of the full audit lifecycle, including planning, design assessment, operating effectiveness testing, reporting, and issue monitoring
  • Experience leading a team of auditors and reviewing audit materials
  • Strong critical thinking and analytical skills for evaluating risks, controls, business processes, and data sets
  • Strong written and verbal communication skills for documenting and presenting audit results
  • Ability to collaborate with business partners, audit team members, and management
  • Curiosity and adaptability in learning and responsibly applying new technologies, including artificial intelligence
  • Bachelor's degree or equivalent
  • Audit experience in the financial services or mortgage industry
  • CIA, CPA, or CISA certification, or progress toward obtaining one

Fannie Mae Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Fannie Mae and has not been reviewed or approved by Fannie Mae.

  • Retirement Support — Employer 401(k) contributions are highlighted as a standout, alongside programs like student‑loan repayment and financial‑wellness resources. These offerings signal strong long‑term savings support.
  • Parental & Family Support — Generous paid parental leave, adoption and surrogacy assistance, and backup caregiving options are part of the package. These benefits demonstrate robust support for growing families and caregivers.
  • Leave & Time Off Breadth — Generous PTO, sick leave, paid holidays, and paid volunteer time are emphasized. This breadth supports work‑life balance and schedule flexibility.

Fannie Mae Insights

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The Company
HQ: Washington, DC
10,886 Employees
Year Founded: 1938

What We Do

Fannie Mae serves 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 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. We put our customers and partners at the center of everything we do. We apply our experience and expertise to deliver innovative solutions to help our customers succeed. At Fannie Mae, our people pour their hearts into everything they do. Because we know it makes a real difference in others’ lives. We are committed to moving forward with our partners to build a stronger, safer, more efficient housing finance system. Join us to help shape the future of housing: http://fanniemae.com/careers.

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