Operational Risk Manager

Freddie Mac   •  

West Mclean, VA

Industry: Finance & Insurance


8 - 10 years

Posted 37 days ago

Your Work Falls into Three Primary Categories:

Maintenance Support

  • Support maintenance of Payment Risk Management Framework and Risk Assessment Methodology that conforms with industry leading practices, standards and specifications;
  • Review significant changes that impact payment processes or systems before release to a production environment to ensure that the risk and controls have been adequately assessed from an end-to-end view;
  • Support maintenance of resiliency/disaster recovery plan for end-to-end payments processes;
  • Define and execute training Freddie Mac staff about payments fraud; industry trends and appropriate safeguards and tips
  • Support department's operational risk and control self-assessment, issue management and liaise with internal audit

Processes and Procedures Oversight

  • Support creation and maintenance of Corporate procedures, and process and information/technology standards for corporate payment process;
  • Execute oversight of line of business and IT divisions implementation of Corporate procedures through review of process documentation, controls and execution evidence

Risk Assessments

  • Support periodic corporate aggregation assessments of unmitigated payment risks across the company, including using threat modeling approaches to identify new fraud threats;
  • Support periodic assessments of the end-to-end design of controls for all payment processes and ensure that business areas (that own payment processes) update their business process flows and perform risk and control assessments on a periodic basis with their IT partners as outlined in Corporate Risk Assessment Standard;


Preferred Skills

  • 7-10 years of operational risk/process management and/or audit experience
  • Bachelor's degree
  • Sound analytical and communications skills
  • Ability to think broadly but also be detail-oriented
  • Ability to understand and work with a diverse group of stakeholders within first, second- and third-line functions
  • Self-motivated, pro-active, and result-driven problem solver with the capability of managing multiple priorities without heavy supervision
  • Capable of working independently or within a collaborative team environment

Keys to Success in This Role

  • Attention to detail and comfort with analyzing variances and providing explanations on a tight deadline, with minimal oversight
  • Excellent analytical skills and familiarity/expertise with Microsoft Excel,
  • Focus on deliverables and adherence to tight deadlines