Job Abstract

As Manager in the Multifamily (MF) operational risk function within the Technology & Operational Risk department, you will be responsible for the first line of defense operational risk which is constantly evolving Multifamily’s approach to risk management. Operational Risk includes the following risk domains: Information Security, People, Data Management, Financial Crimes, Compliance, Operational Resiliency, Processes/ Transactions, Models, Technology and Reporting. 

The Manager will lead a diverse team and enhance and improve an integrated approach for operational risk frameworks and processes based on corporate policies and standards and, where applicable, industry risk frameworks. In addition, you will collaborate with the Multifamily Process Owners, other 1st Lines of Business, and 2nd and 3rd Lines of Defense. Apply now and learn why Freddie Mac is #HomeToMore!

• Engage and collaborate with the process owners to understand their process areas and provide guidance on managing operational risk
• Represent Multifamily in operational risk matters across the organization
• Foster a risk-driven culture across the division and encourage innovation
• Unlock value in operational risk using tools, technologies, and methodologies
• Manage findings including the remediation of management identified, policy-related audit or regulatory findings

• Identify and quantify operational risks within Multifamily
• Perform risk and control self-assessments, including documentation of process, risk, and control information
• Manage issues from identification to closure
• Identify, analyze, and document/report operational events
• Assess risk exposures associated with significant business changes, including new products/offerings and/or regulatory changes
• Prepare ongoing operational risk management reports
• 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 MF Division (First Line of Defense)
• Provide leadership, guidance, and oversight for timely and accurate reporting conforming to relevant corporate policies and standards

• College Degree and 8+ years of operational risk management.
• Sound analytical and communication skills, including the ability to think broadly but also be thorough.
• Background and demonstrated experience in multiple competency areas of risk management: strategy, governance, classification, identification, testing, oversight, and communication of risk results
• Proven risk literacy – the ability to describe use cases and outcomes, risk sources and management concepts across business and technology domains
• 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 their supervision; working ethically and with integrity
• An understanding of the Multifamily space and the key topics impacting Multifamily. However, the candidate does not have to be a Multifamily business expert.

• Exhibits independent judgment, curiosity, strong problem solving, deep analytical ability to identify, assess, and mitigate risks and to articulate same.
• Motivated and driven to achieve long-term business outcomes
• Timely completion of high-quality deliverables
• Effective interactions with various members of management/client organizations
• Understanding of regulatory compliance, and/or operational risk and controls

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.

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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.