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Senior Director, Climate Risk Management

Washington, DC, USA | Fannie Mae

  • Industry:
    Financial Services
  • Position Type:
  • Functions:
    General Management
    Risk Management
  • Experience:
    7-10 years
Job Description:
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At Fannie Mae, futures are made. The inspiring work we do makes an affordable home a reality and a difference in the lives of Americans. Every day offers compelling opportunities to impact the future of the housing industry while being part of an inclusive team thriving in an energizing environment. Here, you will help lead our industry forward and make your career.


Job Description


THE IMPACT YOU WILL MAKE


In this compelling position, you will have the opportunity to be at the forefront of a new area of risk for Fannie Mae, climate risk management. Climate risks are the risks and opportunities related to climate change that may impact the company. Fannie Mae’s Sr. Director, Climate Risk Management will report to the VP of Enterprise Risk Management and have responsibility for directing the design and implementation of a climate risk framework, in alignment with the Enterprise Risk Management (ERM) Framework, that addresses regulatory and industry expectations, and overseeing the company’s risk management of climate and Environmental, Social and Governance (ESG) risks.


The Enterprise Risk – Climate Risk Management - Senior Director 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:


KEY RESPONSIBILITIES


• Lead the design and implementation of a climate risk framework, in alignment with the ERM Risk Management Framework, that addresses regulatory and industry expectations.


• Lead climate risk coordination across the enterprise. Collaborate closely with the relevant business unit personnel to ensure alignment between the first line of defense risk management of climate risk and the second line of defense of risk oversight. 


• Oversee a small growing team with a focus on talent attraction, development, and retention.


• Establish ERM oversight model for climate risk, in coordination with other functional risk leaders across the company; develop and establish processes to identify risks.


• Oversee and provide effective challenge of Fannie Mae’s ESG and climate risk strategy with Climate Impact, ESG, and first-line teams.


• Oversee Fannie Mae’s climate risks and the climate activities performed by the Climate Impact, ESG, Single Family and Multi Family, and Capital Markets teams. 


• Incorporate climate risk into the Enterprise Risk Appetite, as appropriate.


• Drive efforts to evaluate the impact of proposed risks to the enterprise.


• Develop qualitative and quantitative monitoring (climate-risk metrics) and reporting of climate risks at an enterprise level.


• Identify significant new/emerging climate risks and escalate as appropriate.Oversee information monitoring and processes to reduce risk using rigorous analysis and establish and implement updates and changes to the process.


• Collaborate with ESG and Climate Impact teams in the preparation of reporting and disclosure documents (e.g., SASB, TCFD, research reports, ESG Report, SEC disclosures).


• Conduct Targeted Risk Reviews of business unit compliance with the framework and recommend actions to address any issues noted. Report and communicate results of oversight activities.


• Develop and implement business strategies that will drive success in the face of shifting consumer behaviors and regulations.


Qualifications


• At least 8 years of relevant work experience in risk management, ideally a mix of climate/environmental risk within the financial services space


• Subject matter expertise in risk management, including risk assessment and management skills including evaluating and designing controls, conducting impact assessments, identifying control gaps, remediating risk, etc.


• Professional experience in climate risk and ESG spaces


• Strategic mindset and demonstrated thought leadership, including experience identifying and selecting strategic options, and identifying resources to meet the defined objectives


• Collective capabilities for leadership, including leading teams, giving feedback, facilitating meetings, and coaching and mentoring


• Experience developing and rolling out risk frameworks, including creating policies, evaluating compliance, conducting internal reviews, developing data governance, etc.


• Influencing skills including negotiating, persuading others, facilitating meetings, and resolving conflict


• Superior communication skills, including experience in verbal and written executive level communications


• Strong critical thinking and demonstrated ability to manage complexity and ambiguity


• Adept at managing project plans, resources, and people to ensure successful project completion


• Skilled in presenting information and/or ideas to an audience in a way that is engaging and easy to understand


• Tools:


• Experience using a GRC platform


• Skilled in Visio


• Skilled in Excel


• Experience using SharePoint


• Bachelor’s degree or equivalent; Master’s degree preferred


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