Enterprise Legal - Associate General Counsel

About the role

Playing an essential role in the U.S. economy, Fannie Mae is foundational to housing finance. Here, your expertise can help fuel purpose-driven innovation that expands access to homeownership and affordable rental housing across the country. Join Fannie Mae to grow your career and help people find a place to call home.

About the role

As a valued contributor to our team, you will consult with team members and management to provide core legal counsel and services to the business, as well as utilize your legal training and experience to guide the Company's business. In this role, you will document and enforce its legal rights and minimize its legal risks. You will have shared responsibilities for providing legal services to the Company in an area of law or legal risk.

The Impact You Will Make

The Enterprise Legal - Associate General Counsel - Principal 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:

• Provide senior-level legal advice and counsel to Capital Markets clients, with primary support for Structured Transactions and Securitization Policy, on mortgage-related securitization activities, structured transactions, and related business initiatives.
• Advise business clients on the structuring, development, execution, and ongoing operation of complex mortgage securitization and re-securitization transactions and programs, including legal issues involving transaction structures, securities disclosures, and applicable securities laws and regulations.
• Provide legal advice regarding Fannie Mae's mortgage-backed securities programs and related disclosure obligations, including offering and disclosure documents, ongoing and event-driven disclosures and investor communications, and investor relations matters relating to securitization activities.
• Advise Fannie Mae in connection with its derivatives and similar financial instruments used in structured finance or capital markets activities.
• Counsel business and policy partners on complex or evolving securitization and servicing matters, assessing legal and regulatory risks and developing practical solutions that support business objectives.
• Partner closely with Capital Markets and other legal, business, operations, policy, risk, and servicing stakeholders on transaction structures, policy initiatives, and evolving market or regulatory requirements.
• Build effective relationships with sophisticated business clients and serve as a trusted legal advisor, applying sound legal and business judgment and translating complex legal and regulatory requirements into practical guidance.
• Collaborate with attorneys across multiple legal disciplines and, as appropriate, with outside counsel on matters of significance to the company.

The Experience You Bring to the Team

Minimum Required Experiences

• Juris Doctorate.
• At least 8 years of relevant legal experience, including substantial experience with complex residential mortgage securitization or structured-finance transactions in the private-label securities market, GSE market, or a comparable mortgage capital markets environment.
• Strong understanding of mortgage securitization transactions, including transaction structures, offering and disclosure documentation, applicable securities laws, and investor considerations.
• Understanding of the cash-flow mechanics of underlying mortgage products and their relevance to mortgage securitization and servicing.
• Demonstrated ability to analyze complex legal and business issues, exercise sound judgment, and develop effective relationships with sophisticated business clients and multidisciplinary teams.

Desired Experience

• Experience structuring, negotiating, documenting, or advising on complex residential mortgage securitization or re-securitization transactions, including private-label RMBS, GSE securitizations, collateralized mortgage obligations, or other structured mortgage products.
• Experience advising on legal and regulatory issues arising in the ongoing operation of mortgage securitization programs or pools, including disclosure, servicing, and investor-related matters.
• Familiarity with securities laws and regulations applicable to mortgage securitization and related disclosures, including, as applicable, Rule 10b-5, Regulation FD, Regulation AB, Regulation RR, Rule 192, and Rule 15Ga-1.
• Experience counseling clients regarding new or complex transaction structures, securitization policy initiatives, or evolving legal and regulatory requirements affecting mortgage capital markets.
• Familiarity with GSE securitization programs, policies, and disclosure practices; direct GSE experience is preferred but not required.
• Experience with derivatives or other financial instruments used in structured-finance or capital-markets transactions, including familiarity with applicable CFTC regulatory requirements.

Qualifications

Education

The future is what you make it to be. Discover compelling opportunities at Fanniemae.com/careers.

• 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.

Pay and benefits

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.

Requisition compensation: 200000 to

269000