At Freddie Mac, you will do important work to build a better housing finance system and you'll be part of a team helping to make homeownership and rental housing more accessible and affordable across the nation.
Position Overview:
If you are a self-motivated critical thinker with a passion for multifamily real estate, Freddie Mac might be the employer for you. We are looking for an Audit Associate for our Counterparty Risk & Compliance (CRC) group's Audit team. Strong analytical and interpersonal skills are a must!
The Audit Team within Counterparty Risk & Compliance performs operational audits of Freddie Mac's Multifamily Seller/Servicers annually to assess their compliance with contractual eligibility, loan origination, and loan servicing requirements and to assess operational risks posed to Freddie Mac by the Seller/Servicer network.
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As an Audit Associate you will analyze and test each Seller/Servicer's compliance with the Multifamily Seller/Servicer Guide and governing securitization documents in the following areas: Overall Control Environment, Underwriting, Loan Administration, Asset Management, Accounting, and AML, OFAC and Fraud. You will assist Audit Leads with open discussions with Freddie Mac Partners and Business Units regarding specific customer attributes and potential shortfalls. To be successful, test work should be completed within predetermined timeframes.
Our Impact:
Counterparty Risk & Compliance is responsible for the evaluation and management of Freddie Mac's exposure to its approved counterparties' operational risk. CRC achieves its mission through the various activities described as follows: approves new Seller/Servicers, and reviews annual Seller/Servicer certifications to ensure continued eligibility; performs multiple risk mitigation activities including portfolio seizures, transfers of servicing and approval of Seller/Servicer organizational changes; conducts annual audits to assess the operational and financial strength of the Multifamily Seller/Servicer network and compliance with Freddie Mac requirements; terminates Seller/Servicers for poor performance or low production. CRC is also responsible for maintaining the Multifamily Division's ratings as both a Master Servicer and Special Servicer.
Your Impact:
As an Audit Associate you will identify areas where Seller/Servicers can strengthen their controls and improve their processes. Your contributions will support the team's ongoing monitoring of operational risks posed to Freddie Mac by our Seller/Servicer network.
Qualifications:
- 0-2 years of experience in commercial real estate
- Bachelor's degree in a business-related field (Finance, Accounting, Real Estate, etc.) or a non-business-related field that required fine critical thinking skills (Psychology, etc.)
- Proficiency with Microsoft Office products, especially Excel and Word
- Proven track record to work accurately and timely on projects with specific and measurable due dates and goals
Keys to Success in this Role:
- Strong written and verbal communication skills with strong attention to detail
- Ability to prioritize and be self-directed
- Excellent critical thinking skills
- Strong organizational and time management skills
Current Freddie Mac employees please apply through the internal career site.
Today, Freddie Mac makes home possible for one in four home borrowers and is one of the largest sources of financing for multifamily housing. Join our smart, creative and dedicated team and you'll do important work for the housing finance system and make a difference in the lives of others.
We are an equal opportunity employer and value diversity and inclusion at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, disability status or any other characteristic protected by applicable law. We will ensure that individuals with differing abilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.
CA Applicants: Qualified applications with arrest or conviction records will be considered for employment in accordance with the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act.
Notice to External Search Firms: Freddie Mac partners with BountyJobs for contingency search business through outside firms. Resumes received outside the BountyJobs system will be considered unsolicited and Freddie Mac will not be obligated to pay a placement fee. If interested in learning more, please visit www.BountyJobs.com and register with our referral code: MAC.
Time-type:Full time
FLSA Status:Non-Exempt
Freddie Mac offers a comprehensive total rewards package to include competitive compensation and market-leading benefit programs. Information on these benefit programs is available on our Careers site.
This position has an annualized market-based salary range of $57,000 - $85,000 and is eligible to participate in the annual incentive program. The final salary offered will generally fall within this range and is dependent on various factors including but not limited to the responsibilities of the position, experience, skill set, internal pay equity and other relevant qualifications of the applicant.