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:
As Senior Director in the Single-Family (SF) Acquisitions Division Quality Control and Operational Risk Management (QCORM) department, you will be responsible for the first line of defense operational and model risk management.
The Senior Director will lead a team of Risk and Control professionals. The focus of the work is to enhance and improve an integrated approach for operational risk and model development and use in production, in alignment with corporate policies and standards and, where applicable, industry risk frameworks. In addition, you will collaborate with the Single-Family Process Owners, and represent SF QCORM in discussions with other 1st Lines of Business, and 2nd and 3rd Lines of Defense. Apply now and learn why Freddie Mac is #HomeToMore!
Our Impact:
The major objective of operational and model risk is to mitigate risks related to the daily operations of our organization. Our impact is as follows:

• Assess business unit exposures, identify risk and evaluate their potential impact and reviewing strength and weaknesses of existing controls for Operational and Models Risk
• Engage and collaborate with the process owners to understand their process areas and provide guidance on handling operational risk
• Represent Single Family QC ORM in operational risk matters across the organization
• Cultivate a risk-driven culture across the division and encourage innovation
• Unlock value in operational risk using tools, technologies, and methodologies
• Define and lead the governance structures needed to identify, prioritize, and handle operational risk within Single Family
• Handle findings including the remediation of policy-related audit or regulatory findings

Your Impact:

• Advises and controls the activities of a broad functional area to include Operational and Model Risk Management and Control Testing to mitigate identified risks
• Identify and quantify operational risk and model risk within Single Family QCORM
• Perform Risk and Control Self-Assessments (RCSA), including documentation of process, risk, and control information
• Handle issues throughout the issue life cycle (issue identification through closure)
• Identify, analyze, and document/report operational events
• Assess risk exposures associated with significant business changes, including new products/offerings and/or regulatory changes
• Perform top-down risk assessments
• Perform Control Testing and maintain testing methodology and test scrips
• Determine risk and control ratings and acceptability of residual risk
• Develop and maintain key risk indicators to ensure that exposures are kept at acceptable levels
• Prepare ongoing operational risk management reports and annual and quarterly plans
• Ensure compliance with related operational risk frameworks/programs
• Establish linkages with process and risk and control taxonomies
• Enhance current process for developing, approving, and maintaining policies, standards, and directives across the SF QROM Department (First Line of Defense)
• Provide leadership, guidance, and oversight for timely and accurate reporting conforming to relevant corporate policies and standards
• Assist in defining the strategy and approach for all areas of operational and models risk and controls
• Engage within and outside organization to gain knowledge and have situational awareness on latest regarding risk with emerging technologies
• Define key processes to manage risk across the first line of defense and balance the organization's need to manage risk and models and meet regulatory requirements with business objectives

Qualifications:

• College Degree and 15 years of operational risk management experience, plus 8 year of management experience
• Background and demonstrated experience in multiple competency areas of risk management: strategy, governance, classification, identification, testing, oversight, and communication of risk results
• Knowledge
• Validated risk literacy - the ability to describe use cases and outcomes, risk sources and management concepts across business and technology domains
• An understanding of the Single-Family space and the key topics impacting Single Family. However, the candidate does not have to be a Single-Family business expert.
• Consistent track record of effective leadership, including the ability to balance team and individual responsibilities; building teams and consensus; getting things done through others not directly under his/her supervision; working ethically and with integrity
• Sound analytical and interpersonal skills, including the ability to think broadly but also be thorough

Keys to Success in this Role:

• Innovative, well-versed in legal, regulatory compliance, and/or operational risk and controls
• Building an Effective Team: Effective management of staff, including day-to-day supervision and ongoing performance management (objective setting, coaching/mentoring, and performance reviews)
• Exhibits independent judgment, strong problem solving, deep analytical ability to identify, assess, and mitigate risks and to articulate same.
• Has a passion for driving business, culture, and technology change in dynamic and complex operating environments
• Motivated and driven to achieve long-term business outcomes
• Timely completion of high-quality deliverables
• Effective interactions with various members of management/client organizations
• Demonstrated expertise and thought leadership in operational risk management

Today, Freddie Mac makes home possible for one in four home borrowers and is one of the largest sources of financing for Single Family housing. Join our smart, creative, and dedicated team and you'll do meaningful work for the housing finance system and make a difference in the lives of others.
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.
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 $229,000 - $343,000 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.