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:
The Stress Test Professional will be responsible for supporting the team in consolidation of financial segment results; managing end to end DFAST process; and ad hoc analytical, project management, and process improvement projects. Key duties include financial analysis, preparation of presentations, process management, and preparation of Freddie Mac's yearly DFAST submission to FHFA.
Our Impact:
- Develop financial presentations to explain the stress test financial results to senior management, the Board of Directors and the regulator including sensitivity analysis on the financial results
- Develop and maintain financial Stress Test documentation reporting through Workiva including stress testing financial results, assumptions and limitations/weakness
- Execute stress testing as part of a well-controlled repeatable financial process in accordance with developed governance
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Your Impact:
The annual DFAST process and supporting analysis is crucial to Freddie Mac and FHFA's understanding of potential risks and the financial impact of a potential economic downturn. This role will help drive the stress testing process to enhance senior management, the Board of Directors and the regulator's understanding of the financial results under the various economic and market conditions.
As a member of the Stress Testing team you will:
- Develop subject matter knowledge regarding GSE business units, financial forecasting/stress testing, risk management, and regulatory requirements
- Collaborate with fellow team members and other participants within the Stress Testing process to produce management and regulator-required stress test results
- Analyze / explain results in partnership with CFO business reporting leads
- Review trending and sensitivity analysis
- Create presentations for senior management, Board of Director and regulator
- Own documentation reporting tool (Workiva) including reporting templates and management documentation of methodologies and execution (MED)
- Ensure consistency, accuracy, and completeness of the results
Qualifications:
- Required: 2 years minimum experience in a finance, accounting, or forecasting role.
- Required: Four-year college degree in Finance or Accounting or related field
- Required: High proficiency with the Microsoft Office suite, especially Microsoft PowerPoint and Excel required
- Preferred: 2 years of related professional experience in mortgage finance, a GSE business unit, financial stress testing, financial services investment banking, financial services management consulting, or regulatory/examinations work.
- Preferred: Previous experience or strong willingness to learn the following skills:
- Hyperion/Mercury+ (Internal Freddie Mac risk and forecasting tool)
- WDesk
- Data visualization tools such as Tableau
- Project/Process Management
Keys to Success in this Role:
- Very high attention to detail
- Strong organizational skills
- Interest in understanding and managing large and intricate end to end processes
- Ability to build functional relationships with counterparts in other business areas/divisions
- Interest in developing knowledge regarding regulatory work, stress testing frameworks, financial forecasting, and capital
- Interest in developing knowledge of GSE businesses and risk management practices
At Freddie Mac, our inclusive and diverse culture drives our success and makes us a stronger company. Collectively, we are both leaders and collaborators who work together to meet our mission of Making Home Possible for families across the U.S.
Apply now and learn why there's #MoreAtFreddieMac!
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.
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 $83,000 - $125,000 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.