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:

Seeking an Operational Risk Senior Business Lead within the Single-Family Portfolio & Servicing (SFPS) Tech Risk, Sustainability & Governance team! This individual will be an advocate and champion of the risk framework and policy - driving awareness, adoption and execution in our focus areas across the division. These focus areas include Technology, Data Management & Privacy, Models, Non-Models, Artificial Intelligence (AI), and Climate Risk. The ideal candidate is a leader with vision who develops and implements solutions to ensure material risks are proactively identified, assessed, documented and appropriately responded to.

Our Impact:

The Tech Risk, Sustainability & Governance team supports the SFPS Division to ensure compliance with related emerging corporate operational risk policies and standards and by supporting department leadership in the drive and execution of strategy and objectives to help ensure efficient and effective execution of first line of defense (1LOD) operational risk processes and controls.

Your Impact:

As a SFPS Operational Risk Senior Business Lead, you will be responsible for developing and implementing governance structure and activities to effectively manage model, non-model, and AI usage risks and over time mature these functions. This role will provide opportunities to broaden your business and risk competence skills, strengthen your customer engagement and leadership skills. Responsibilities include:

Influence and implement Corporate Model & Non-Model Risk, AI Guidance, and the upcoming associated Policies and  Standard(s) which are under development by the Enterprise.

Develop and implement process and procedure that meets corporate requirements and creates a risk-aware culture

Significantly contribute to efforts to mature model, non-model, and AI governance capabilities and find opportunities to innovate, streamline and reduce inefficiencies

Proactively lead governance activities for SFPS owned models, track various activities to ensure their timely execution

Proactively work with Model Business Owners, Model Development Owners, and other relevant partners in the division on model risk-related challenges

Build constructive working relationships within SFPS, peers in other divisions, Enterprise Model Governance, Internal Audit and Regulatory Affairs

Provide support to the model partners during EMR oversight activities, Internal Audit exams and FHFA exams

Proactively remediate model issues and partner with SFPS issue owners on remediation activities

Collaborate with relevant partners and divisional governance teams to conduct gap assessments of applicable corporate policies/standards and applicable legal/regulatory obligations

Actively engage in identifying and assessing risks and controls during annual and quarterly SFPS Risk & Control Self Assessments (RCSAs)

Produce model related reporting for various committees and lead the divisional model related forum

Undertake ad-hoc projects as needed

Qualifications:

10-12 years of related experience

Degree or equivalent experience in Economics, Finance, Statistics, Information Systems, or related fields preferred

Demonstrated experience and expertise in model governance

Self-motivated, with the ability to interact effectively with various partners

Strong analytical and problem-solving skills with a high level of attention to detail

Growth mindset and desire to continuously improve and innovate

Excellent written and verbal communication skills

Keys to Success in this Role:

Strong Project Management skills

Ability and willingness to tackle complex projects and find practical solutions without a defined script

Lead and adapt to change in a fluid environment while continuing to deliver quality deliverables

Ability to develop positive relationships across the organization to promote a more collaborative environment.

High ethical standards, excellent judgment, and a sense of personal initiative

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 $159,000 - $239,000 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.