Senior Multifamily Collateral Risk Advisor

The Fannie Mae; Washington (District of Columbia); Hybrid; USD 141,000 - 184,000; Full time

Job summary

The Fannie Mae is seeking a Multifamily Risk - Risk Management Advisor to provide expert independent risk insight on physical collateral risks affecting multifamily credit decisions. You will apply engineering, environmental, seismic, and property-condition expertise through the loan life cycle to challenge conclusions and translate reports into sound risk decisions.

You will join a seasoned team delivering oversight of third-party vendors, risk-based reporting, and collateral risk practices.

Qualifications

• Six years of commercial real estate risk disciplines (engineering, construction, environment, property condition).
• Experience evaluating or overseeing third-party reports and applying findings to CRE risk or credit decisions.

Responsibilities

• Independently assess engineering, property condition, seismic, environmental, and construction reports, including assumptions, methodologies, findings, and conclusions.
• Provide effective challenge and expert advice on material findings, risk ratings, mitigants, and risk treatment, translating technical issues into practical credit considerations.
• Produce timely, well-supported conclusions that identify material issues, recommend resolution or escalation, and strengthen consistent collateral risk decision-making.
• Oversee physical-risk review workflows and controls, including report tracking, issue resolution, and disciplined documentation.
• Advise Multifamily teams and lender counterparties on the reasonableness, materiality, and use of collateral assessments; provide targeted training as needed.
• Conduct targeted site visits to validate material concerns, support risk assessments, and escalating findings as appropriate.
• Manage and monitor approved property condition and engineering vendors, including qualifications, report quality, performance trends, deficiencies, and remediation.
• Help evolve physical-risk decision-support tools, rating criteria, procedures, and monitoring practices consistent with industry standards and Fannie Mae expectations.

Skills

Commercial real estate

Engineering risk

Third-party reports

Risk communication

Education

Bachelor’s degree in engineering/related field

Tools

AI tools

Job description

The Fannie Mae is seeking a Multifamily Risk - Risk Management Advisor to provide expert independent risk insight on physical collateral risks affecting multifamily credit decisions. You will apply engineering, environmental, seismic, and property-condition expertise through the loan life cycle to challenge conclusions and translate reports into sound risk decisions.

You will join a seasoned team delivering oversight of third-party vendors, risk-based reporting, and collateral risk practices.