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Job Description
The Vice President of Non-Financial Risk Programs will lead the strategy, governance, and execution of enterprise-wide risk programs designed to identify, assess, and mitigate non-financial risks. This role is critical in ensuring the organization maintains resilience, compliance, and operational integrity across all business units. The VP will partner with senior leadership to embed risk management practices into decision-making and drive a strong risk-aware culture. Program ownership will include but not be limited to the following: Enterprise, Compliance, and Operational Risk Frameworks, Risk Identification and Assessment, Key Business Decisions, Risk Culture and Risk Training, Policy, Standards and Procedures Governance, Risk Appetite and Limits Framework, Franchise Risk, Risk Control Self-Assessment, Control Assurance, Operational Risk Events, Operational Risk Capital, and Scenario Analysis.
Key Responsibilities
Strategic Leadership:
- Develop and implement a comprehensive non-financial risk management framework aligned with regulatory requirements and organizational objectives.
- Provide thought leadership on emerging risks, including operational, compliance, conduct, technology, third-party, and reputational risks.
Program Oversight:
- Lead enterprise-wide risk programs, including risk assessments, control testing, and remediation initiatives.
- Ensure effective governance structures for risk committees, reporting, and escalation processes.
Stakeholder Engagement:
- Partner with business leaders, compliance, audit, and technology teams to integrate risk management into core operations.
- Serve as a trusted advisor to senior executives and the Board on non-financial risk matters.
Regulatory & Policy Compliance:
- Monitor regulatory developments and ensure adherence to applicable laws, standards, and industry best practices.
- Oversee policy development and training programs to strengthen risk awareness across the organization.
- Data & Reporting:
- Drive the use of analytics and risk indicators to proactively identify trends and vulnerabilities.
- Deliver clear, actionable reporting to executive leadership and regulators.
Candidate Qualifications
Education:
- Bachelor’s degree required; advanced degree (MBA, JD, or related) preferred.
Experience:
- 10+ years in risk management, compliance, or related fields, with at least 5 years in a senior leadership role.
- Proven track record in managing complex risk programs within financial services or highly regulated industries.
Skills:
- Deep understanding of non-financial risk domains (operational, compliance, conduct, technology, third-party).
- Strong leadership, communication, and influencing skills.
- Ability to navigate regulatory environments and manage stakeholder expectations.
Target Pay Range: $250-350,000
Qualifications
Education:
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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.