AI/ML Risk Management Senior Associate

Company Description

At Fannie Mae, we shape the future. Our inspiring work enables millions to realize their dreams of home ownership. Each day presents exciting opportunities to influence the future of the housing industry while belonging to an inclusive team thriving in an energizing, flexible environment. Here, you can expand your career and aid in creating fair and affordable housing finance.

Job Description

The AI/ML Risk Management Lead Associate will be part of the Model Governance Solutions (MGS) team. The MGS team ensures consistency, compliance, and sustainability in first-level model management activities across the enterprise. The capabilities of the MGS team include:

• Managing, updating, & maintaining enterprise's first line of defense model management procedures, templates, & working groups.
• Overseeing first line model management regulatory response and support.
• Conducting first line model management compliance reviews, reporting, & execution.
• Delivering first line training & consultation related to model management lifecycle requirements.
• Coordinating and representing the first line community concerning model management requirements and activities.

As a valued member of our team, you will help the team identify potential model risks that could jeopardize our reputation, safety, security, and/or financial success, and participate in communicating and collaborating with key stakeholders across the enterprise and understanding business objectives.

THE IMPACT YOU WILL MAKE
In the AI/ML Risk Management Lead Associate role, you will have the flexibility to make each day your own, working alongside a caring team to fulfil responsibilities including:

• Implementing governance compliance tactics for artificial intelligence (AI) and machine learning (ML).
• Being part of the team responsible for providing program management and oversight for first line AI/ML risk management.
• Collaborating with team members and leadership to create content and facilitate AI council and working group meetings.
• Cooperating with stakeholders and team members to ensure adherence to AI/ML regulatory guidance.
• Working with the MGS team to ensure adherence to the enterprise AI/ML Risk Management Standard.
• Collaborating with key stakeholders on identifying increased risks, controls, and value of prospective AI/ML use cases.
• Working with Enterprise Architecture to create and maintain a comprehensive AI/ML use take intake process.
• Preserving a thorough inventory of AI use cases, evidence of review and approval, and related documentation.
• Collaborating with Model Risk Management and other functions (e.g., legal) on required review and effective challenge of new AI/ML use cases.
• Teaming up with subject-matter-experts and strategic leaders to ensure the implementation of necessary control activities as dictated in the enterprise AI/ML strategy.
• Working with internal stakeholders to create and deliver training content about AI/ML risk processes and controls.

Qualifications

Minimum Experiences

• Bachelor's degree or equivalent
• 4 years of risk management or governance experience 

Desired Experiences  

• Ideal candidate will have at least 4 years of risk management experience with at least 1 year in model risk management with exposure to AI/ML.
• Demonstrated ability for execution, strong prioritization, and planning skills
• Relational skills to collaborate with team members and stakeholders as needed.
• Excellent oral and written communication skills, with the ability to simplify complex processes for business understanding.

Skills

• Identifying, recommending, and implementing process improvements in daily activities.
• Ability to work independently and collaboratively within a team environment.
• Comfortable working in a dynamic and constantly evolving environment.
• Effectively working with people from various functional expertise towards a common goal.
• Creativity in conceptual visualization, content creation, and editing, manually or using computer software for effective communication.
• Skilled in presenting information or ideas in an engaging and understandable manner to an audience.
• Governance and Compliance skills including creating policies, evaluating compliance, conducting internal investigations, developing data governance, etc.
• Relational management skills including engaging with stakeholders, customers, or building relational networks.
• Maintaining updated knowledge of relevant industry and regulatory standards, best practices, and business processes used in model risk management.
• Self-starter attitude.
• Strong organizational skills

Additional Information

Your future is what you make of it. Explore compelling opportunities at

Fannie Mae is an Equal Opportunity Employer that prioritizes a diverse and inclusive workplace. All qualified applicants will receive consideration for employment without regard to race, religion, national origin, gender, gender identity, sexual orientation, personal appearance, protected veteran status, disability, age, or any other legally protected status. For individuals with disabilities wanting to request an accommodation in the application process, email us at [email protected].
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