Tracy Stephan has been named chief artificial intelligence officer (CAIO) of the Federal Housing Finance Agency (FHFA).
Stephan will continue in her role leading the FHFA Office of Financial Technology.
Stephan is a 25-year veteran in mortgage technology. Stephan came to FHFA from Fannie Mae where she served in a variety of positions overseeing enterprise innovation, data, software engineering, and product management. In these roles, she led complex digital transformation initiatives, oversaw mission-critical technology operations, and drove innovation at scale.
In her new role, Stephan leads a team responsible for supporting the agency’s efforts to identify technology-driven developments in housing finance, understand the associated risks, and facilitate the development of responsible innovation in FHFA’s regulated entities.
She will manage AI risk, promote AI innovation, and lead effective AI governance in accordance with the Executive Order 14110 on the Safe, Secure, and Trustworthy Development and Use of Artificial Intelligence and the related Office of Management and Budget Memo on Advancing Governance, Innovation, and Risk Management for Agency Use of Artificial Intelligence.
“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,” says Sandra Thompson, director of the FHFA, in a release. “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.”
