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Model Risk and Control Oversight Senior (Hybrid - 3 Days in Office - VA or TX)

Company: Freddie Mac
Location: Dallas
Posted on: September 24, 2022

Job Description:

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 quarterly.Qualifications:
    • 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 models
    • 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 perspectives.
      • Intellectual agility and interpersonal flexibility.
      • Proactively takes lead in building relationships internally and externally.
      • 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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