Freddie Mac
Operational Risk Business Lead - Models (Hybrid - 3 days in Office - VA)
Freddie Mac, Mc Lean, Virginia, us, 22107
Explore opportunities for the next step in your career.Position Overview:
This is an exciting opportunity to oversee and manage the operational risk activities associated with development, implementation and use of models across the SFA division! This includes ensuring robust governance, identifying and mitigating risks related to model use, support internal audit and regulatory exams and timely remediation of SFA model issues. Apply now and learn why there’s #MoreAtFreddieMac!Our Impact:
America relies on Freddie Mac to support the housing market and the nation’s renters, homebuyers and homeowners – across the entire country and in all economic cycles. The SFA Operational Risk Team works with management to effectively handle operational risk.Your Impact:
Primary responsibilities fall into two categories:Model Exam, Governance and Audits
Facilitate internal meetings to identify, document, raise and resolve roadblocks during Model Audits and Regulatory exams.Collaborate with key partners (model business owners, project managers, enterprise risk management, Internal Audit & FHFA) to ensure successful submission of deliverables.Partner with the Enterprise Governance Team to serve as a domain expert to share feedback/input to model policies, standards, and procedures.Provide management and/or affected business divisions with summaries, operational and regulatory risk assessment reports, trending, and remedial or mitigation solutions.Issue Management:
Provide oversight feedback and review of action plans and deliverables for all SF MRAs and audit findings; ensure completion of the action plans in a timely manner.Partner with management to evaluate the progress on risk assessments and remediation of key issues. Facilitate the overall improvement of internal control environment.Working proficiency on Governance, Risk and Compliance (GRC)/ Risk Management Tools such as Bwise, Service Now (or) similar tools.Assist management in gathering, analyzing, aggregating and reporting issue remediation progress.Qualifications:
Bachelor’s Degree in relevant field with 8+ years of work experience in operational risk, issue management, quantitative finance, or a related quantitative field; Advanced Degree or Certifications (e.g., PMP, CISA, CPA) are preferred.Demonstrable experience in managing issue remediation activities, audit, regulatory exams preferably in Finance (Mortgage) Services or Banking Industry.Superior knowledge and understanding of model-related policies, standards and procedures with high level of knowledge of the financial model.Thorough understanding of end-to-end modeling life cycle.Hands-on experience in End-to-End Issue Management activities.Strong hands-on experience with reporting /querying tools (SQL, Oracle, Power BI, Tableau, Informatica).Excellent project management and strong analytical with proven problem-solving skills.Strong communication and presentation skills to effectively engage with senior management and external regulator.Problem solving and critical thinking skills with a proactive approach to identify risks and develop mitigation strategies.Keys to Success in this Role:
Significant experience handling multi-faceted projects simultaneously that have cross-departmental impact.Detail oriented with strong quantitative/analytical skills.Ability to plan, organize, and effectively complete risk mitigation and operational improvement initiatives.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.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 $114,000 - $172,000 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.
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This is an exciting opportunity to oversee and manage the operational risk activities associated with development, implementation and use of models across the SFA division! This includes ensuring robust governance, identifying and mitigating risks related to model use, support internal audit and regulatory exams and timely remediation of SFA model issues. Apply now and learn why there’s #MoreAtFreddieMac!Our Impact:
America relies on Freddie Mac to support the housing market and the nation’s renters, homebuyers and homeowners – across the entire country and in all economic cycles. The SFA Operational Risk Team works with management to effectively handle operational risk.Your Impact:
Primary responsibilities fall into two categories:Model Exam, Governance and Audits
Facilitate internal meetings to identify, document, raise and resolve roadblocks during Model Audits and Regulatory exams.Collaborate with key partners (model business owners, project managers, enterprise risk management, Internal Audit & FHFA) to ensure successful submission of deliverables.Partner with the Enterprise Governance Team to serve as a domain expert to share feedback/input to model policies, standards, and procedures.Provide management and/or affected business divisions with summaries, operational and regulatory risk assessment reports, trending, and remedial or mitigation solutions.Issue Management:
Provide oversight feedback and review of action plans and deliverables for all SF MRAs and audit findings; ensure completion of the action plans in a timely manner.Partner with management to evaluate the progress on risk assessments and remediation of key issues. Facilitate the overall improvement of internal control environment.Working proficiency on Governance, Risk and Compliance (GRC)/ Risk Management Tools such as Bwise, Service Now (or) similar tools.Assist management in gathering, analyzing, aggregating and reporting issue remediation progress.Qualifications:
Bachelor’s Degree in relevant field with 8+ years of work experience in operational risk, issue management, quantitative finance, or a related quantitative field; Advanced Degree or Certifications (e.g., PMP, CISA, CPA) are preferred.Demonstrable experience in managing issue remediation activities, audit, regulatory exams preferably in Finance (Mortgage) Services or Banking Industry.Superior knowledge and understanding of model-related policies, standards and procedures with high level of knowledge of the financial model.Thorough understanding of end-to-end modeling life cycle.Hands-on experience in End-to-End Issue Management activities.Strong hands-on experience with reporting /querying tools (SQL, Oracle, Power BI, Tableau, Informatica).Excellent project management and strong analytical with proven problem-solving skills.Strong communication and presentation skills to effectively engage with senior management and external regulator.Problem solving and critical thinking skills with a proactive approach to identify risks and develop mitigation strategies.Keys to Success in this Role:
Significant experience handling multi-faceted projects simultaneously that have cross-departmental impact.Detail oriented with strong quantitative/analytical skills.Ability to plan, organize, and effectively complete risk mitigation and operational improvement initiatives.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.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 $114,000 - $172,000 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.
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