Fannie Mae Mock Interview
Practice 31 Fannie Mae interview questions covering mortgage finance, risk assessment, and GSE operations.
Question 10 of 31
At Fannie Mae, we expect our team members to put extra emphasis into the risk management aspects of their project work. How have you performed risk mitigation and risk avoidance in your previous roles?
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Ryan Brunner has over ten years of experience recruiting, interviewing, and hiring candidates in the healthcare, public service, and private manufacturing/distribution industries.
The housing market is filled with risk and volatility, which Fannie Mae's employees know well. A solid understanding of the major financial crashes of the 20th and 21st centuries is expected of you. You should be well-versed in the mortgage crisis of 2007 and the housing market crash of 2008, and how these crucial events impacted Fannie Mae's subsequent government bailout and conservatorship.
On a micro level, analysts must always factor potential risks into the equation for any project they work on. To get a better idea of how you will do this if hired at Fannie Mae, your interview is giving you a chance to talk about your knowledge of risk and how you have worked with risk mitigation and risk avoidance in your previous positions. If you're new to the industry, it's important to show that you know that common risks can be systematic, operational, legal, and credit-related.
Ryan Brunner has over ten years of experience recruiting, interviewing, and hiring candidates in the healthcare, public service, and private manufacturing/distribution industries.
"In my current role, I focus on mitigating legal risk by working with a team of legal experts to know the laws and then develop a series of what-if questions to propose potential scenarios. Based on the what-if scenarios, we can implement specific requirements into the project to help minimize potential risk. While I'm new to the housing industry, I've done extensive research on statistical modeling and regressions that seek to mitigate risk when it comes to financing mortgages and managing mortgage-backed securities. Can you tell me more about the most common practices in risk management for this team?"
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