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:

As Director in the Multifamily (MF) operational risk function within the Technology & Operational Risk department, you will be responsible for the first line of defense operational risk which is constantly evolving Multifamily’s approach to risk management. Operational Risk includes the following risk domains: Information Security, People, Data Management, Financial Crimes, Compliance, Operational Resiliency, Processes/ Transactions, Models, Technology and Reporting. 

The Director will lead a diverse team and enhance and improve an integrated approach for operational risk frameworks and processes based on corporate policies and standards and, where applicable, industry risk frameworks. In addition, you will collaborate with the Multifamily Process Owners, other 1st Lines of Business, and 2nd and 3rd Lines of Defense. Apply now and learn why there’s #MoreAtFreddieMac!

Our Impact:

Engage and collaborate with the process owners to understand their process areas and provide guidance on managing operational risk

Represent MF in operational risk matters across the organization

Foster a risk-driven culture across the division and encourage innovation

Define and lead the governance structures needed to identify, prioritize, and manage operational risk within Multifamily

Manage findings including the remediation of policy-related audit or regulatory findings

Your Impact:

Identify and quantify operational risks within Multifamily

Analyze and assess corporate and divisional policies and standards and identify deficiencies

Perform top-down risk assessments

Develop and maintain key risk indicators to assess performance of controls

Prepare ongoing operational risk management reports for the division

Ensure compliance with related operational risk frameworks/programs

Establish linkages with process and risk and control taxonomies

Enhance current process for developing, approving and maintaining policies, standards and directives across the MF Division (First Line of Defense)

Provide leadership, guidance, and oversight for timely and accurate reporting conforming to relevant corporate policies and standards

Qualifications:

College Degree and 10+ years of operational risk management.

Sound analytical and communication skills, has the proficiency to think broadly but also be thorough.

Background and demonstrated experience in multiple competency areas of risk management: strategy, governance, classification, identification, testing, oversight, and communication of risk results

Proven risk literacy – has the competence to describe use cases and outcomes, risk sources and management concepts across business and technology domains

An understanding of the Multifamily space and the key topics impacting Multifamily. However, the candidate does not have to be a Multifamily business expert.

Consistent track record of effective leadership, including the ability to balance team and individual responsibilities; building teams and consensus; getting things done through others not directly under their supervision; working ethically and with integrity

Keys to Success in this Role:

Innovative, well-versed in legal, regulatory compliance, and/or operational risk and controls

Building an Effective Team:  Effective management of staff, including day-to-day supervision and ongoing performance management (objective setting, coaching/mentoring, and performance reviews)

Exhibits independent judgment, strong problem solving, deep analytical ability to identify, assess, and mitigate risks and to articulate same.

Has a passion for driving business, culture, and technology change in dynamic and complex operating environments

Motivated and driven to achieve long-term business outcomes

Timely completion of high-quality deliverables

Effective interactions with various members of management/client organizations

Demonstrated expertise and thought leadership in operational risk management

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 $178,000 - $266,000 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.