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Fannie Mae · Washington, District of Columbia

# Advisor - Multifamily Collateral Risk Oversight

Washington, District of Columbia Legal & Compliance 

Listed on Fannie Mae’s official careers site. Listed as of November 1, 2026. Check that it is still open and apply there.
[Apply on Fannie Mae’s careers site →](https://fanniemae.wd1.myworkdayjobs.com/FannieMaeCareers/job/Washington-DC/Advisor---Multifamily-Collateral-Risk-Oversight_JR2977)

[OpenNash Jobs](https://jobs.opennash.com/) / [Fannie Mae](https://jobs.opennash.com/companies/fannie-mae/) / Advisor - Multifamily Collateral Risk Oversight

## Job description

As a valued colleague, you will serve as an expert practitioner providing independent risk insight and advisory support on physical collateral risks affecting Multifamily credit decisions. You will apply engineering, construction, property condition, environmental, seismic, and related expertise to assess materiality, challenge conclusions, and translate third-party report findings into sound risk decisions throughout the loan life cycle.

THE IMPACT YOU WILL MAKE As a key member of the Third-Party Report Risk team within the Multifamily Credit Risk Office’s Financial Risk Oversight and Advisory division, you will join an experienced commercial real estate team building a comprehensive collateral risk oversight and advisory function. The team provides independent challenge and risk-based oversight of third-party vendors and reports supporting critical property and credit decisions.

You will bring deep physical-risk expertise to help shape the frameworks, tools, vendor controls, and advisory practices used to identify, evaluate, communicate, and escalate material collateral risks—strengthening Multifamily’s financial risk assessment capabilities and credit risk position. The Multifamily Collateral Risk Advisor will support Second-Line oversight of the Multifamily Business and partner across the loan life cycle to: Independently assess engineering, property condition, seismic, environmental, and construction-related 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 escalate 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.

## At a glance
- Posted by the employer: Not stated
- First seen by OpenNash: Oct 25, 2026
- Last checked: Nov 1, 2026
- Listed for: 7 days
- Location: Washington, District of Columbia[Apply on Fannie Mae’s careers site →](https://fanniemae.wd1.myworkdayjobs.com/FannieMaeCareers/job/Washington-DC/Advisor---Multifamily-Collateral-Risk-Oversight_JR2977)

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