Financial Forecast & Stress Testing - Governance and Controls Senior

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Position Overview:

The Financial Forecast & Stress Testing (FF&ST) team’s governance and controls senior plays a critical role in supporting the Financial Forecast process in the Finance Division. The Financial Forecast process spans multiple departments and divisions across the organization. In order for this process to be well-governed and operated in a controlled manner, the governance and controls senior (reporting to the governance and controls senior manager) supports the following:

• From end-to-end financial forecast perspective, develop guidance and procedures to be followed by all Financial Forecast process/subprocess owners to drive execution and documentation (e.g., flow charts) consistency
• Develop corporate risks and controls framework for scenario design and financial forecast consolidation teams, and support/provide guidance to subprocess owners to develop consistent risks and controls for their financial forecast subprocesses (e.g., identify potential control gaps or new controls needed from process changes)
• Work with process/subprocess owners to establish consistent approach to a minimum level of controls across different financial forecast executions
• Maintain overall data integrity within the corporate Governance Risk and Controls (GRC) tool for all financial forecast risks, controls, key control testing results, and issues
• Work with process/subprocess owners to identify/update control mappings to comply with various corporate requirements – e.g., mapping controls to critical data elements and regulatory obligations
• Work with process/subprocess owners to identify the models, model applications, methods, and end user computing (EUC) usage within their financial forecast executions and follow governance and control requirements
• Support the closure of issues logged in the GRC tool, internal audits, second line independent risk assessments, regulatory ongoing monitoring and targeted exams, and key control testing programs, among other items, that impact the Financial Forecast process
• Perform gap analyses on corporate policies and standards impacting the financial forecast
• Develop tools, automation, and use of AI to improve our risk and control first line oversight tools
  
  

Our Impact:

• We collaborate with Finance Division CFOs, Division Risk Officers, Enterprise Risk, Enterprise Model Risk, Enterprise Business Risk & Control Office, Internal Audit, and others to provide guidance, governance, and process enhancements to the Financial Forecast process, increasing efficiency while maintaining effective risk management practices
• We directly support the Financial Forecast process and subprocess owners as a first line process-risk-control SME
  
  

Your Impact:

• You will collaborate with outside teams to build and enhance governance in their subprocess’s role in the Financial Forecast, including subprocess documentation (flow charts), risk & control data management/monitoring, and model, model application, method, & EUC usage/registration
• You will support Financial Forecast process/subprocess owners to perform risk & control self-assessments (RCSAs) across departments in Finance as well as in other divisions
• You will help design and improve our tools for monitoring risks, controls, and model usages from end-to-end process perspective. You will help interpret how various process execution changes across entire end-to-end process impact the various flow charts/risks/controls
  
  

Qualifications:

• 5 years of experience in finance or risk management, preferably with internal/external audit or management consulting background.
• Bachelor’s degree in accounting, finance, business administration, or related field
• Good understanding of operational risk management principles and control frameworks
• Strong working knowledge of Microsoft Office (Excel, PowerPoint, Word, SharePoint, Visio)
• Strong analytical and problem-solving skills with attention to details
  
  

Keys to Success in this Role:

• Clear communication skills and ability to understand complex operational steps and translate into simple and easily understood terms via the risks, controls, and flow chart documentation
• Ability to work effectively in dynamic fast-paced environment
• Team player with positive and motivated attitude
• Ability to manage multiple priorities and work within tight timeframes while also looking for opportunities to improve processes outside of normal day-to-day deliverables
• Capable of working independently or within a collaborative team environment
• Be flexible and comfortable with changes and ambiguity
  
  

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

We consider all applicants for all positions without regard to gender, race, color, religion, national origin, age, marital status, veteran status, sexual orientation, gender identity/expression, physical and mental disability, pregnancy, ethnicity, genetic information or any other protected categories under applicable federal, state or local laws. We will ensure that individuals 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.

A safe and secure environment is critical to Freddie Mac’s business. This includes employee commitment to our acceptable use policy, applying a vigilance-first approach to work, supporting regulatory mandates, and using best practices to protect Freddie Mac from potential threats and risk. Employees exercise this responsibility by executing against policies and procedures and adhering to privacy & security obligations as required via training programs.

CA Applicants: Qualified applications with arrest or conviction records will be considered for employment in accordance with the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act.

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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 $103,000 - $155,000 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.