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:

Are you excited by the chance to create an impact and work in a dynamic flexible environment? Do you have expertise in Model Risk Governance ? If so, please consider this opportunity and apply to the Operational Model Risk Director role and work in conjunction with Single Family (SF) Acquisitions business leaders. Apply now to learn about our excellent benefits and why there's #MoreAtFreddieMac!

Our Impact:

The Single-Family Acquisitions Division Risk Office is responsible for managing model-related compliance and operational risk for the division.

• Apply the firm's Model Risk Policy, Standard and Procedure and recommend improvements and efficiencies to mature the execution of the model risk program
• Implement and contribute to maturing division-specific Model risk management policies, strategies and operational procedures to create a high-quality, risk-aware culture in compliance with corporate Model policies, standards and procedures
• Design process and controls to effectively mitigate risk
• Develop a culture and operating framework that proactively supports Model Business Owners to address Model risk-related challenges
• Establish governance routines and schedules to ensure corporately required Model requirements are implemented timely and accurately
• Provide direction, guidance and training/coaching to equip Model-related roles in their implementation of Model-lifecycle plans and deliverables (e.g., data quality plan, Model documentation development/retention, user acceptance test support, Model use relationship inventory, Model performance monitoring)
• Oversee the process for monitoring second line of defense feedback and partnering with relevant stakeholders to disposition findings in a timely manner
• Lead work on issues where analysis of situations or data requires an in-depth knowledge of organizational and Model risk reduction objectives
• Lead work on Model risk assessments to advise Model risk levels and tiering in Collaboration with Model stakeholders and the Division Risk and Control team
• Work with Model stakeholders and divisional governance teams to lead work on gap assessments between current practice and corporate policies/standards and applicable legal/regulatory obligations; partner work with Model stakeholders to develop necessary procedures to fill the gaps in a timely manner
• Collaborate with the Division Risk and Control team to develop processes and procedures for tracking and addressing Audit and Regulatory exam requests and inquiries completely and timely
• Manage the production of regular Model monitoring reports (e.g., ongoing Model performance monitoring, Model metrics and periodic reviews) with results provided to the Division Risk Office and Division Risk and Control team
• Oversee the development of presentations to be used in quarterly meetings (e.g., Division Model Risk Forum and Model Risk Committee)
• Ensure adherence to budgets, schedules, work plans, and performance requirements
• Interact regularly with senior management and executive levels on matters concerning several functional areas and divisions
• Requires the ability to change the thinking of, or gain acceptance from, others in sensitive situations, without damage to relationship
• Build a high performing, result-oriented team

• 12+ years related experience and 4+ years management experience
• Experience in reporting activities - running queries, designing and presenting management reports
• Solid understanding and experience with technology risk management, governance routines and controls
• Ability to collaborate with business leadership to design effective and efficient processes
• Bachelor's degree or equivalent experience; advanced studies/degree preferred

• High ethical standards, excellent judgment, sense of personal initiative, ability to interact constructively with colleagues at all levels of the organization.
• Self-motivated, with the capability of managing multiple priorities and efficient in proposing solutions.
• Must have strong leadership and strategic planning skills, people management skills and track record of leading teams through significant change and fast-paced environment.
• Flexible and adaptable, capable of working effectively in a fluid and evolving business and regulatory environment.
• Ability to develop strong relationships across the organization to promote a more collaborative environment.
• Ability and willingness to tackle sophisticated projects and find practical solutions.