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.

Job Description

The Chief Information Officer (CIO) is the most significant technology leadership position within Fannie Mae and will lead the organization's enterprise technology strategy, engineering capabilities and technology operations through the next phase of its evolution.

Reporting to the Chief Executive Officer, the CIO will lead an organization of approximately 3,300 technology professionals responsible for enterprise applications, software engineering, architecture, cloud and infrastructure, portfolio delivery, shared technology services, technology operations and the Chief Data Office. With an annual technology budget of approximately $1.5 billion, the role is responsible for nearly half of the organization's total operating spend. The CIO will partner closely with business leaders, cybersecurity, enterprise risk, audit, the Federal Housing Finance Agency (FHFA) and other external stakeholders to ensure technology remains a strategic enabler of Fannie Mae's mission.

Fannie Mae has made substantial investments in modernizing its technology estate, establishing strong foundations across cloud, engineering, infrastructure and cybersecurity. With these foundations now largely in place, the next phase of the organization's technology strategy is focused on leveraging AI, modern engineering capabilities and product-led delivery to drive measurable business growth, improve customer experience, strengthen engineering productivity and accelerate innovation across the enterprise.

The successful candidate will play a central role in continuing the evolution of the organization from a traditional IT operating model toward a modern, product-led technology organization. This includes strengthening product ownership, improving software engineering practices, modernizing portfolio governance, increasing delivery velocity and ensuring technology investments remain aligned with business priorities.

The CIO will serve as a strategic thought leader to the Executive Leadership Team, helping shape enterprise technology strategy through innovation, market insight and modernization. The role requires an executive capable of anticipating emerging technology and regulatory trends and translating them into practical strategies that create measurable business value, enhance customer outcomes and strengthen Fannie Mae's position within the housing finance ecosystem.

As the leader of the Chief Data Office and the broader technology organization, the CIO will be responsible for advancing Fannie Mae's enterprise AI strategy, bringing together a federated AI engineering function under a single, comprehensive strategy and operating model. Building on established AI governance, enterprise data platforms and business-led AI initiatives, the CIO will ensure AI capabilities are deployed responsibly, securely and at enterprise scale while improving engineering effectiveness and accelerating product innovation.

Beyond internal transformation, the CIO will strengthen Fannie Mae's position as a technology platform serving the broader housing finance ecosystem by expanding digital capabilities through APIs, modern engineering practices and platform innovation that improve how lenders and market participants interact with Fannie Mae. Given Fannie Mae's critical role within the U.S. housing finance system, the CIO will also build trusted relationships with the Federal Housing Finance Agency (FHFA), ensuring technology strategy, AI adoption and enterprise modernization remain aligned with regulatory expectations while continuing to drive innovation and business value. This role requires an executive who combines exceptional technical depth with commercial acumen, enterprise leadership and the ability to influence across the organization while building strong partnerships with business leaders, regulators and external stakeholders.

Key Responsibilities

Enterprise Technology Leadership

• Develop and execute a comprehensive enterprise technology strategy aligned with Fannie Mae's long term business objectives.
• Lead enterprise applications, software engineering, enterprise architecture, cloud and infrastructure, shared technology services and technology operations, and enterprise AI and data initiatives.
• Serve as a key member of the Executive Leadership Team, helping shape enterprise strategy through technology leadership, innovation and market insight.
• Support executive leadership and the Board through technology strategy, governance and enterprise planning.
• Ensure technology investments are prioritized to maximize business value, operational effectiveness and customer outcomes.
• Build trusted partnerships across technology, business leadership, enterprise risk, audit, the Federal Housing Finance Agency (FHFA) and other key external stakeholders to ensure technology strategy remains aligned with business priorities, regulatory expectations and enterprise objectives.

Product and Engineering Transformation

• Lead the organization's transition toward a product-led technology operating model.
• Improve engineering productivity through modern software development practices, platform engineering and developer enablement.
• Strengthen portfolio management, prioritization and technology investment governance.
• Foster a culture of customer-centricity, engineering excellence and continuous improvement.
• Drive adoption of modern engineering methodologies that improve delivery speed, quality and reliability.

AI, Data and Innovation

• Lead enterprise AI and data leaders to develop a scalable AI engineering operating model.
• Accelerate responsible AI adoption across engineering and business functions, supported by appropriate governance, engineering standards and enterprise platforms.
• Leverage emerging technologies to improve operational effectiveness and customer experience.
• Promote innovation while balancing opportunity, risk and regulatory expectations.
• Deliver AI-driven SDLC transformation, tooling, code generation and testing automation.

Operational Excellence and Enterprise Resilience

• Maintain the stability, availability and resilience of one of the nation's most critical financial technology environments.
• Continue strengthening cloud operations, enterprise architecture and shared technology capabilities.
• Ensure technology services meet the highest standards for security, resilience, availability and operational excellence.
• Partner closely with cybersecurity, enterprise risk and regulatory stakeholders to maintain a strong control environment.
• Manage technology investments and resources prudently while building scalable platforms that support future business growth.

Business Partnership, Product and Customer Experience

• Partner with executive leadership to ensure technology strategy directly enables Fannie Mae's business strategy, commercial objectives and long-term enterprise priorities.
• Drive a product-led technology culture that improves business capabilities, enhances product offerings and accelerates innovation across areas such as pricing, underwriting, loan quality and customer experience.
• Strengthen Fannie Mae's position as a technology platform for the housing finance ecosystem by expanding digital capabilities, APIs and modern platforms that improve how lenders, investors and market participants interact with the organization.
• Foster close collaboration between engineering, product management and business leadership to improve prioritization, delivery execution and measurable business outcomes.
• Identify opportunities where technology can create competitive advantage, improve customer outcomes and deliver tangible value across the enterprise and broader mortgage ecosystem.

Leadership and Organizational Development

• Lead, coach and develop a high-performing executive leadership team while building a strong succession pipeline.
• Recruit, retain and develop exceptional technology talent.
• Foster a culture of curiosity, accountability, innovation, collaboration and continuous learning.
• Invest in leadership development and champion organizational change to build a technology organization capable of adapting to future business and customer needs.

Candidate Qualifications

• At least 15 years of experience leading large-scale enterprise technology organizations within complex, highly regulated financial services environments. Experience within mortgage finance, banking, payments, financial infrastructure or adjacent regulated industries is strongly preferred.
• Demonstrated success developing enterprise technology strategies that support business transformation and customer outcomes.
• Strong business acumen, with an understanding of the mortgage industry or adjacent lending businesses considered a plus.
• Proven technology leadership in a cloud-native environment, with the ability to shape and execute enterprise technology strategy across cloud platforms, modern architecture, engineering, data, cybersecurity, and operations.
• Deep experience leading modern software engineering organizations with strong cloud, architecture and platform capabilities while transforming technology functions toward product-led operating models.
• Strong understanding of AI, enterprise data platforms and technology modernization.
• Track record of improving engineering productivity, delivery execution and technology portfolio management.
• Experience working directly with a regulator given our conservatorship; a background liaising with partners during regulatory audits, exams, etc.
• Experience leading large technology organizations with responsibility for significant operating budgets and enterprise investment portfolios.
• Demonstrated ability to influence executive leadership, Boards, regulators and external stakeholders.
• Strong commercial mindset with the ability to translate technology investments into measurable business value.
• Proven success building high-performing leadership teams and leading enterprise-wide transformation.
• Exceptional communication, leadership and organizational change management capabilities.
• Bachelor's degree highly preferred or equivalent work experience required; advanced degree preferred.

Target Pay Range: $300,000 - 450,000

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.

Fannie Mae is an equal opportunity employer and considers qualified applicants for employment without regard to race, color, religion, sex, national origin, disability, age, sexual orientation, gender identity/gender expression, marital or parental status, or any other protected factor. Fannie Mae is committed to providing reasonable accommodations to qualified individuals with disabilities who are employees or applicants for employment, unless to do so would cause undue hardship to the company. If you need assistance using our online system and/or you need a reasonable accommodation related to the hiring/application process, please complete this form.

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.