Third Party Risk - Lead Associate

Posted Yesterday
Be an Early Applicant
Reston, VA, USA
Hybrid
123K-161K Annually
Junior
Financial Services
The Role
Assesses third-party and enterprise risks, evaluates business impacts, monitors risk-reduction processes, documents controls and resolutions, and reports findings. The role partners with stakeholders to review business strategies, address control gaps, support remediation, and maintain governance procedures aligned with policies, regulations, and organizational objectives.
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 contribute to assessing and identifying potential risks that may threaten our reputation, safety, security, and/or financial success, as well as collaborate with team in communicating and collaborating with key stakeholders across the enterprise, and understanding business objectives


THE IMPACT YOU WILL MAKE


The Third Party Risk - 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:


  • Determine business areas that pose potential risks to the enterprise.
  • Evaluate the impact of proposed risks to the enterprise.
  • Monitor and report on information and processes to reduce risk using rigorous analysis.
  • Document and report on resolutions and control guidelines.
  • Partner with the team to review business strategies, and make decisions that will drive success in the face of shifting consumer behaviors and regulations

THE EXPERIENCE YOU BRING TO THE TEAM


Minimum Required Experience


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

Additional Skills & Tools


  • Skilled in presenting information and/or ideas to an audience in a way that is engaging and easy to understand
  • Influencing including negotiating, persuading others, facilitating meetings, and resolving conflict
  • Strong project management skills with adept ability to manage project plans and timelines, optimize resources, and people to ensure successful project delivery
  • Tools: Skilled in Archer, Tableau, SharePoint, Excel, PowerPoint, & Viso.

Desired Experiences


  • Bachelor degree or equivalent
  • Risk Management knowledge & expertise: Third Party Risk management, Vendor management, Procurement, risk management
  • Risk Assessment and Management including evaluating and designing controls, conducting impact assessments, identifying control gaps, remediating risk, etc.
  • Experience with creation and implementation of governance documents and procedures aligned with internal policies and standards and regulatory guidance.
  • Analytical/Problem solving - Experience identifying measures, or indicators of system performance, and the actions needed to improve or correct performance to achieve desired outcomes
  • Relationship Management including managing and engaging stakeholders, customers, and vendors, building relationship networks, etc.
  • Effective communication (verbal & written with Sr Leadership, regulatory bodies, internal audit, and the ability to explain the complex regulations & how they apply to the business stakeholders and their processes)
  • Experience helping an organization to plan and manage change in effort to meet strategic objectives

Third Party Risk - Risk Management - Lead Associate

$123,000 to $161,000 a year


#LI-Hybrid

Qualifications

Education:

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 2 years of professional experience
  • Ability to learn and responsibly apply emerging technologies, including artificial intelligence
  • Ability to present information and ideas clearly and engagingly
  • Influencing, negotiation, facilitation, persuasion, and conflict-resolution skills
  • Strong project management skills, including managing plans, timelines, resources, and delivery
  • Experience using Archer, Tableau, SharePoint, Excel, PowerPoint, and Visio
  • Bachelor's degree or equivalent
  • Knowledge or expertise in third-party risk management, vendor management, procurement, or risk management
  • Experience assessing and managing risks, designing controls, identifying control gaps, conducting impact assessments, and remediating risks
  • Experience creating and implementing governance documents and procedures aligned with policies, standards, and regulatory guidance
  • Analytical and problem-solving experience focused on performance indicators and corrective actions
  • Relationship management experience with stakeholders, customers, and vendors
  • Strong verbal and written communication skills with senior leaders, regulators, and internal audit
  • Experience supporting organizational change to meet strategic objectives

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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