MF COO - Product Management - Lead Associate

Posted Yesterday
Be an Early Applicant
Reston, VA, USA
In-Office
123K-161K Annually
Mid level
Financial Services
The Role
Serve as Product Owner: lead discovery and customer engagement, define product requirements, write user stories and acceptance criteria, create Lean Business Cases, document process/data/system flows, maintain PI plans, monitor product performance, and drive continuous improvement across cross-functional teams.
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 team, you will provide expert advice and guide team members on building or developing functionality for a product. In this role, you will lead customer engagement activities to understand the requirements for products or product components.

THE IMPACT YOU WILL MAKE

The MF COO - Product Management – 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:

  • Serve as a Product Owner responsible for advanced analysis, product definition, requirements documentation, and delivery execution.

  • Lead discovery sessions with business, operations, technology, risk, and data stakeholders to identify user needs, pain points, business rules, system impacts, and product opportunities.

  • Define, refine, and maintain the PI plan in alignment with business objectives, customer outcomes, compliance expectations, and technology strategy.

  • Write detailed features, user stories, acceptance criteria, development specifications, data requirements, process requirements, and implementation notes for engineering and testing teams.

  • Lead and document Lean Business Case (LBC) in Fannie Mae format, including business context, detailed requirements, data needs, system behavior, controls, dependencies, assumptions, risks, and traceability.

  • Create and document current-state and future-state process flows, decision flows, system interaction flows, data movement flows, and system state transition diagrams.

  • Monitor product performance, gather stakeholder feedback, identify improvement opportunities, and drive continuous product enhancement.

THE EXPERIENCE YOU BRING TO THE TEAM

Required Experience:

  • At least 4 years of relevant experience.

  • Experience as a Product Owner / Product Manager in Agile delivery environments, including backlog ownership, sprint planning, story writing, prioritization, and acceptance criteria.

  • At least 3  years of relevant business and data analysis experience.

  • Bachelor’s Degree or equivalent 

  • Strong written and verbal English communication skills, including the ability to explain complex business, system, data, and operational concepts clearly to business and technology stakeholders.

  • Advanced business analysis skills, including elicitation, requirements decomposition, stakeholder interviews, workshop facilitation, traceability, gap analysis, and impact assessment.

  • Proven experience converting business needs into clear, detailed functional and non-functional requirements, user stories, acceptance criteria, features, epics, and development specifications.

  • Experience documenting business processes, operational procedures, process flows, system flows, data flows, and system state / lifecycle diagrams.

  • Experience working with cross-functional teams, including business SMEs, technology leads, architects, developers, testers, data analysts, operations, risk, compliance, and change management partners.

  • Strong experience using Jira and Confluence or equivalent Agile/product documentation tools

  • Shows curiosity and adaptability in learning and responsibly applying new technologies, including artificial intelligence, to reimagine how we work.

Desired Experience:

  • 7+ years of relevant business and data analysis experience.

  • 4+ years of Product Owner / Product Manager experience in Agile delivery environments, including backlog ownership, sprint planning, story writing, prioritization, and acceptance criteria.

  • Experience in mortgage finance, housing finance, financial services, multifamily, or single-family business domains.

  • Experience supporting change management, training materials, adoption planning, communications, and operational readiness.

  • Knowledge of Fannie Mae Multifamily Data

#LI-Hybrid

Qualifications

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:

123000

to

161000

Skills Required

  • At least 4 years of relevant experience.
  • Experience as a Product Owner / Product Manager in Agile delivery environments, including backlog ownership, sprint planning, story writing, prioritization, and acceptance criteria.
  • At least 3 years of relevant business and data analysis experience.
  • Bachelor's Degree or equivalent.
  • Strong written and verbal English communication skills.
  • Advanced business analysis skills (elicitation, requirements decomposition, stakeholder interviews, workshop facilitation, traceability, gap analysis, impact assessment).
  • Proven experience converting business needs into functional and non-functional requirements, user stories, acceptance criteria, features, epics, and development specifications.
  • Experience documenting business processes, operational procedures, process flows, system flows, data flows, and system state/lifecycle diagrams.
  • Experience working with cross-functional teams (business SMEs, technology leads, architects, developers, testers, data analysts, operations, risk, compliance, change management).
  • Strong experience using Jira and Confluence or equivalent Agile/product documentation tools.
  • Curiosity and adaptability in learning and responsibly applying new technologies, including artificial intelligence.
  • 7+ years of relevant business and data analysis experience.
  • 4+ years of Product Owner / Product Manager experience in Agile delivery environments.
  • Experience in mortgage finance, housing finance, financial services, multifamily, or single-family business domains.
  • Experience supporting change management, training materials, adoption planning, communications, and operational readiness.
  • Knowledge of Fannie Mae Multifamily Data.

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.

  • Fair & Transparent Compensation Pay is often characterized as above-market and generally fair relative to comparable large employers. Bonus structures and role-level total compensation can be perceived as generous in certain technical and analytical positions.
  • Retirement Support Retirement support stands out through a 401(k) design that includes an automatic employer contribution plus additional matching, reaching a high overall employer contribution. This feature is repeatedly positioned as a differentiator that materially boosts total rewards beyond base pay.
  • Parental & Family Support Family-related support appears broad, including paid parental leave and paid leave to care for a seriously ill family member. Additional programs such as family sick leave and adoption/surrogacy reimbursement reinforce the sense of comprehensive family coverage.

Fannie Mae Insights

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The Company
Herndon, VA
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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