Freddie Mac

Operational Risk Senior Manager

Freddie Mac$153K — $229K *
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • Minimum 10 years of relevant experience, including 5-6 years in operational risk or audit
  • Bachelor's Degree or equivalent required
  • Extensive experience in risks and controls related to models and AI
  • Strong proficiency in MS Office Suite (Excel, PowerPoint, Word, Outlook)
  • Proven relationship management skills with ability to influence and facilitate meetings
  • Relevant certifications such as PMP, CPA, CISA, or CIA are advantageous

Responsibilities

  • Evaluate and report on operational risks, controls, and policies
  • Document risks and controls for self-assessments
  • Perform governance and oversight of model-related issues
  • Assess operational risk events linked to models
  • Support audits, exams, and process reviews for the business
  • Escalate issues of policy non-compliance and at-risk timelines
  • Manage and develop the operational risk management team
  • Identify process improvement opportunities, including automation
  • Participate in operational risk projects impacting Single Family Acquisitions division

Benefits

  • Comprehensive total rewards package
  • Market-leading benefits programs
  • Participation in an annual incentive program
Full Job Description
Position Overview:

Are you eager to make an impact in a fast-paced, agile environment? Do you have strong experience in operational risk and controls, model risk, and reporting, along with analytical and interpersonal skills and knowledge of Single-Family Acquisitions (SFA) or mortgage markets?

If you are curious, passionate about learning, and customer-focused, apply for the Operational Risk Senior Manager to help lead SFA Risk Management.

Our Impact:

As part of Freddie Mac's Single Family Acquisitions (SFA) organization, Operational Risk Management (ORM) drives consistency, transparency, and effectiveness in nonfinancial risk across multiple domains, including People, Reporting, Transaction and Execution, Information, Technology, Third Party, Operational Resiliency, Model, and Physical Security and Safety Risks. This role will focus on Model risk including Model Development, Implementation, Performance, Use, and Governance risks. The role will also support Artificial Intelligence (AI) risk assessments.

ORM integrates:
  • Risk and control evaluations across the Single Family Acquisitions Division
  • Management reporting
  • Coordination and escalation management


Your Impact:

As a SFA ORM Senior Manager, each workday is unique. Your impact will focus on the following key activities:
  • Evaluate and report on operational risks, controls, issues, and policies/procedures.
  • Document operational risks and controls as part of risk and control self-assessments.
  • Perform governance and oversight over model related issues.
  • Evaluate operational risk events related to models.
  • Support the business during Audits, Exams, and Process Design Reviews.
  • Escalate policy/standard non-compliance and at-risk timelines.
  • Manage and develop staff.
  • Evaluate applicability of corporate standards and FHFA directives against process risks and controls
  • Challenge status quo. Identify opportunities to improve and streamline processes, including reporting and process automation.
  • Periodically participate in operational risk-related projects that impact the SF Acquisitions division.


Qualifications:

  • Minimum 10 years of relevant experience with a minimum of 5-6 years of operational risk management and/or audit experience
  • Bachelor's Degree or equivalent
  • Extensive experience with risks and controls with a focus on Model and AI risks and controls
  • Strong Proficiency in MS Office Suite (Excel, PowerPoint, Word, Outlook)
  • Relationship Management skills including influencing others, facilitating meetings, engaging partners, building relationship networks, and resolving conflict
  • Relevant professional certifications (PMP, CPA, CISA, CIA, etc.) are a plus


Keys to Success in this Role:

  • Results driven
  • Ability to motivate and inspire others.
  • Problem-solving, critical thinking, and analytical skills
  • Strong oral and written communication skills, including the ability to ask insightful questions
  • Naturally curious and passion for learning
  • Team player with a positive attitude


Current Freddie Mac employees please apply through the internal career site.

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 $153,000 - $229,000 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.

About Freddie Mac

Freddie Mac is vital to a strong U.S. housing system, providing liquidity to the mortgage market under all economic conditions while ensuring the safety and soundness. As a trusted leader in housing finance, we guide the industry in meeting the needs of lenders and lowering the cost of housing for America's families.
Learn more about Freddie Mac
Size
7,284 employees
Industry
Founded
1970
NASDAQ

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