FHFA Names Tracy Stephan as Chief Artificial Intelligence Officer
Industry Update
April 9, 2024
Source: National Mortgage Professional
The Federal Housing Finance Agency (FHFA) announced Tracy Stephan will assume the role of Chief Artificial Intelligence Officer (CAIO), in addition to continuing her role leading the FHFA Office of Financial Technology.
“Establishing a Chief AI Officer underscores FHFA’s commitment to understanding new developments in technology and the marketplace and incorporating those insights into our day-to-day work,” said FHFA Director Sandra Thompson. “Through her role leading the Office of Financial Technology, Tracy has been a leader in FHFA’s work on AI and she is well prepared to lead this into the future.”
Per a release from the FHFA, the CAIO will manage AI risk, promote AI innovation, and lead effective AI governance per the Executive Order 14110 on the Safe, Secure, and Trustworthy Development and Use of Artificial Intelligence, as well as the related Office of Management and Budget Memo on Advancing Governance, Innovation and Risk Management for Agency Use of Artificial Intelligence.
Stephan, a 25-year veteran in mortgage technology, currently leads FHFA’s Office of Financial Technology. Stephan leads a team responsible for supporting the Agency’s efforts to identify technology-driven developments in housing finance, understanding the associated risks, and facilitating the development of responsible innovation in FHFA’s regulated entities.
Previously, Stephan worked for Fannie Mae in a variety of positions overseeing Enterprise Innovation, Data, Software Engineering, and Product Management. Stephan holds a bachelor’s degree in Decision Science and Information Systems from George Mason University.
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