Position Overview:

This role sits at the center of Freddie Mac's enterprise financial risk oversight, shaping how the company anticipates, measures, and manages Single-Family credit risk across the economic cycle. You will translate macroeconomic and market signals into actionable credit loss forecasts and stress-test insights, informing risk appetite, and capital resilience under both internal scenarios and regulatory frameworks (e.g., DFAST).

As an independent risk leader, you'll provide effective challenge to models and deterministic quantitative methods, strengthen governance and use standards, and continuously enhance forecasting and portfolio risk analytics. You'll partner closely across Enterprise Risk, Model Risk and the business to monitor key risk indicators, identify emerging risks early, assess new initiatives and policy changes, and evaluate portfolio strategies such as loss mitigation and liquidation approaches. The position offers high visibility, meaningful influence on enterprise outcomes, and the opportunity to innovate in risk analytics, model governance, and data-driven oversight while developing and leading talent in a fast-paced, mission-critical environment.

Your Impact:

Senior Lead- Portfolio Credit Risk, an influential leader at Freddie Mac, you will:

• Analyze macroeconomic and financial drivers of credit loss forecasts; quantify their impact on losses across multiple scenarios, including baseline outlook changes, quarterly Current Expected Credit Losses (CECL), and stress tests (internal, such as Risk Appetite, and regulatory, such as Dodd-Frank Act Stress Testing)
• Conduct Model and Deterministic Quantitative Methods (DQM) use assessments for new and existing models/DQMs, including material changes, to ensure they are appropriately designed and applied in risk management activities.
• Build strong partnerships with Single-Family counterparts and across Enterprise Risk
• Evaluate, test, and enhance macroeconomic and credit models; develop and recommend new approaches to improve forecast accuracy and risk insights over time
• Monitor Key Risk Indicators (KRIs) and other risk metrics to assess credit risk exposure; set quantitative thresholds and perform trend analysis to identify emerging risks
• Perform quantitative analysis and modeling to assess portfolio risk exposure
• Conduct independent risk assessments and issue effective challenge as part of monitoring activities, including deep-dive reviews of high-risk segments and pipeline risk analysis
• Evaluate new initiatives and significant changes to assess credit risk
• Perform quantitative analysis on diverse portfolio issues, including asset liquidation strategies and methodology changes
• Review corporate credit policies and maintain departmental policies and procedures.
• Monitor industry and sector trends and emerging regulatory developments to inform portfolio credit risk management activities

Qualifications:

• 10 years of experience in a combination of leadership roles in risk management and credit loss forecasting, or related functions within a large, complex financial institution.
• Quantitative degree preferred in finance, economics, mathematics, statistics, or related field; Master's degree or professional certifications (e.g., FRM, CFA) a plus
• Ability to understand macroeconomic and credit forecast models stress testing methodologies and credit risk management practices
• Familiarity with relevant regulatory requirements, including CCAR/DFAST and Basel standards
• Expertise in mortgage and fixed income products, model loss estimation, and loss forecasting
• Understanding of uncertainties and limitations of models, methodologies, and judgments used to measure and manage stress losses and capital adequacy
• Strong decision-making skills with the ability to work under pressure effectively to resolve critical issues
• Experience with analyzing complex financial data and risk management software and financial analysis tools (e.g., Python, R, Excel)
• Excellent verbal and written communication skills with the ability to communicate complex information to a variety of audiences, including senior management and regulators, in a clear and actionable manner
• Demonstrated track record of innovation in risk analytics, data infrastructure, or model governance practices.

Keys to Success in this Role:

• Effective collaboration to build trust and increase efficiency across the three lines, including the business segment (I&CM and SF) and Finance Divisions, Enterprise Risk Division, and Internal Audit and with FHFA
• Ability to communicate effectively and efficiently
• Expertise and authority to maintain independence, critically review, and provide effective challenge of the company's stress testing and capital management practices and credit risk transfer activities
• Ability to prioritize across multiple competing tasks, manage teams effectively, and deliver timely, high-quality, and well-documented oversight outcomes
• Strong organization skills, analytical mindset, and ability to work in a fast-paced environment against tight deadlines
• Remain current on the latest financial risk management developments, regulations, and industry trends

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 $167,000 - $251,000 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.