Model Risk and Control Oversight Senior (Hybrid - 3 Days in Office - VA or TX)
Company: Freddie Mac
Posted on: September 24, 2022
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. As part of Freddie Mac's return to the office
pilot, all employees, contingent workers and visitors must be fully
vaccinated against COVID-19 in order to be on-site unless they have
an approved accommodation.Position Overview:Are you looking to
apply your extensive knowledge of Model Risk to the mortgage
servicing industry? We are looking for a seasoned Risk Senior to
join Enterprise Risk Management (ERM) to independently oversee
Model Risk and Controls across Freddie Mac. If you have an eye for
detail, strong analytical skills and a problem-solving mantra to
help implement and execute risk management practices across the ERM
Division, come join our dynamic team in Plano, TX or McLean, VA.
Apply now and learn why there's #MoreAtFreddieMac!**This position
is a hybrid work schedule, requiring 2 days in the office and 3
days remote**Our Impact:You will be part of a team of Independent
Model Risk Oversight professionals within ERM. This individual will
define control objectives, as well as, determine if controls are
designed and operating effectively, in accordance policies,
standards, and rules.Your Impact:
- Support and partner with team to build the Model control
objective catalog and work with other risk functions.
- Undertake risk and control assessments of business units model
risk exposures; identifying risks, evaluating their potential
impact and reviewing the strengths and weaknesses of the
organizations existing controls.
- Monitor control compliance and the prevalent risk environment
to ensure that exposures are kept at acceptable levels.
- Build strong relationships with the first line of defense;
discuss risk and control outcomes and effective challenges, to be
actioned by first line.
- Complete monitoring activities to report model risk exposures,
emerging risks, and provide effective challenges monthly and
- Bachelor's Degree or relevant work experience and 5-7 years of
experience in one or more of the following areas: model and
operational risk management
- 2-5 years of experience with development, implementation,
performance, use or governance of models used in areas such as
credit risk, interest rate, mortgage and derivative valuation
- Experience in process design and assessment of controls
- Highly driven, results oriented, and considered a "value
partner" across first line
- Effectively problem solve and articulate complex concepts in a
concise mannerKeys to Success in this Role:
- Provide thoughtful fact-based effective challenge to the first
line in a clear, concise and risk-based approach.
- Strong ability to leverage data and apply it to inform on risk
- Intellectual agility and interpersonal flexibility.
- Proactively takes lead in building relationships internally and
- Execution focused based on risk-based decisions.
- Strong situational analysis and decision-making
abilities.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 and
register with our referral code: MAC.Time-type:Full timeJob
Category:RiskFLSA Status:ExemptFreddie Mac provides anticipated
base salary ranges where required by law.
Keywords: Freddie Mac, Dallas , Model Risk and Control Oversight Senior (Hybrid - 3 Days in Office - VA or TX), Administration, Clerical , Dallas, Texas
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