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 experience in Model Risk, Controls, or Governance? If so, please consider this opportunity and apply to the Risk Governance Senior role and work in conjunction with Single Family (SF) Acquisitions business leaders. Apply now and learn why Freddie Mac is #HomeToMore !
Our Impact:
The Single-Family Acquisitions Division Risk Office is responsible for managing model-related compliance and operational risk for the division.
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Your Impact:
In this role, you will be responsible for implementing model risk and control activities to effectively manage Model risk. Responsibilities include:
- Apply the firm's Model Risk Policy, Standard and Procedure
- Support the implementation of division-specific model risk management policies, strategies and operational procedures
- Design process and controls to effectively mitigate risk
- Help implement and support model-related governance processes and procedures (e.g., model documentation and retention, data quality, user acceptance testing governance, quality of model documentation repository)
- Monitor second line of defense model findings and partner with stakeholders to disposition them timely
- Support routine/quarterly meetings (e.g., Division Model Risk Forum and Model Risk Committee) by collaborating with stakeholders for input, monitoring and following up on completion, obtaining management reviews and approvals, taking meeting minutes/capturing action items, and finalizing/releasing/retaining final materials
- Assure adherence to schedules, work plans, and performance requirements
- Regularly interact with management and peers on matters concerning risk governance processes, procedures and deliverables
- Participate as a key member of a high performing, result-oriented team
Qualifications:
- 5 - 8 years of related experience
- Some technical knowledge of model development and oversight
- Fundamental understanding of technology/model risk management, governance routines, controls and desire to learn
- Knowledge of the technical lifecycle to include design, development, testing, implementation, use, change, and performance monitoring
- Understanding and experience with operational risk management to include phases such as risk identification, assessment, root cause, mitigation, monitoring, and reporting
- Experience with reporting tools or running queries (e.g., Excel data) to produce reports
- Bachelor's Degree or equivalent experience; experience in technology/model governance preferred
Keys to Success in this Role:
- High ethical standards, excellent judgment, sense of personal initiative, and ability to interact constructively with colleagues at all levels of the organization.
- Ability to form partnerships with peers to create a mutually supportive community.
- Critical thinking, problem-solving skills, and attention to detail.
- Willingness to continue learning about the different facets of models, model risk/control, and governance.
- Strong written, verbal, communication, information visualization skills and the ability to communicate appropriately at all levels of the organization.
- Ability to produce quality deliverables on time, in a fast-paced environment, during normal routines and times of change.
- Ability to identify and bring opportunities for efficiency and productivity improvement to management's attention.
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: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 $94,000 - $142,000 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.