Fannie Mae announced it has appointed Cissy Yang as Senior Vice President and Chief Audit Executive, effective September 12. In this role, Yang will be a member of Fannie Mae's Management Committee and will report to the Board of Directors and administratively to the President and Interim Chief Executive Officer. Yang will be responsible for leading the company's audit strategy, including internal controls, operational processes, and key risks assessments.

With 25 years of experience spanning both internal and external audit across the financial services sector, Yang has led multi-disciplinary teams and developed effective internal control and audit frameworks across large financial institutions. She will replace J. Douglas Watt, Fannie Mae's current Senior Vice President and Chief Audit Executive, who will retire in November 2022. Yang most recently served as Head of Audit for Investment Banking Fixed Income, U.S. Legal Entities, and Americas Compliance at Credit Suisse, where she held various senior roles.

Prior to her time at Credit Suisse, Yang worked for PricewaterhouseCoopers and Arthur Andersen. Yang holds a bachelor's degree in management from the University of International Business and Economics in China and a Master of Business Administration degree from St. John's University in New York.

She also holds Certified Public Accountant and Chartered Financial Analyst designations.