Risk and Audit Program Manager

About the role

It's fun to work in a company where people truly BELIEVE in what they're doing!

We're committed to bringing passion and customer focus to the business.

Key Responsibilities

Enterprise Risk Framework

• Design, implement, and continuously refine an enterprise-wide risk mitigation framework covering all agency operations, programs, and business lines.
• Develop and maintain a risk taxonomy and risk register in partnership with executive leadership. Establish key risk indicators (KRis) and reporting dashboards to monitor emerging risks in real time.

Internal Audit & Controls

• Plan and execute a risk-based internal audit program, including scheduling, scoping, fieldwork, and reporting.
• Evaluate the design and operating effectiveness of internal controls across lending, servicing, finance, IT, and program compliance functions.
• Identify control gaps and partner with business unit leaders to develop corrective action plans; track remediation to closure.

Regulatory & Program Compliance Risk

• Assess risks related to compliance with HUD, GSE (Fannie Mae/Freddie Mac), state housing finance regulations, bond covenants, and applicable federal/state fair lending and consumer protection laws.
• Monitor changes in regulatory requirements and assess their impact on agency risk posture. Support external audits, regulatory examinations, and rating agency reviews.

Operational & Program Risk Assessment

Conduct periodic risk assessments across both single-family programs (homeownership lending, down payment assistance, mortgage servicing) and multifamily programs (loan underwriting, construction/permanent financing, asset management, rental assistance, bond issuance) to identify vulnerabilities.

• Evaluate credit risk exposure and underwriting quality across the single-family and multifamily loan portfolios.
• Evaluate third-party and vendor risk, including single-family mortgage servicers and originating lenders, multifamily loan servicers and property management agents, and contracted program administrators.
• Assess fraud risk and support investigations as needed across both business lines.

Reporting & Governance

• Prepare risk and audit reports for executive leadership, the Board, and/or Audit/Risk Committees.
• Present findings, trends, and recommendations in clear, actionable formats for both technical and non-technical audiences.
• Maintain documentation supporting audit trails, risk assessments, and control testing in accordance with professional standards (e.g., IIA Standards).

Culture & Training

• Promote a strong risk-aware culture across the agency through training, policy development, and cross-departmental collaboration.
• Serve as a subject matter resource to program and operations staff on risk identification and mitigation best practices.
• Bachelor's degree in Finance, Accounting, Business Administration, Public Administration, or a JD (Master's degree preferred).
• 7+ years of progressive experience in risk management, internal audit, or compliance, with at least 3 years in a supervisory/managerial capacity.
• Experience finance strongly preferred, ideally spanning both single-family (mortgage banking, homeownership programs) and multifamily (affordable housing development, loan underwriting, asset management) business lines, or public finance more broadly.
• Working knowledge of HUD, GSE, and/or state housing finance agency regulatory frameworks. Demonstrated experience building or managing enterprise risk frameworks (COSO ERM or similar).

Qualifications

• Bachelor of Science, Experience (7-10 years)
• Experience
• Experience (7-10 years)