Job Abstract

Freddie Mac’s Single-Family division is in the process of building out the Third Party Risk program. The Seller/Servicer Third Party Risk Oversight and Governance Senior Manager will be a leader in the continued development of a divisional 1st line oversight function across all business lines for Single Family! You will work closely with other leadership areas within the existing team, 2nd line, and the enterprise for the continued framework development. This position can be based in McLean, VA or Plano, TX. Apply now to learn why there’s #MoreAtFreddieMac!

The Single-Family Seller/Servicer Risk team runs and leads all aspects of all of the risks associated with Sellers and Servicers we engage with, while supporting our primary mission. This team partners across the enterprise to ensure we can identify, quantify, mitigate and communicate the risk associated with our Seller/Servicers. We also ensure there is single point accountability to lead all risk types.

• Framework Development: Help supervise the execution of the new Seller/Servicer Risk governance structure for Single Family. This will include the writing of governance documents, establishing risk assessment requirements across the division, setting reporting requirements, and establishing KRI’s.
• Monitoring 3rd Parties: Manage coordination of key elements that contribute to the composite scoring processes and identify 3rd parties of the highest risk. This understanding of the 3rd parties will include identification of outliers and opportunities for early intervention. Monitor KRI's and raise any issues.
• Coordination of Information: Capture data and information across Single Family to ensure Seller/Servicer reporting is complete and all encompassing. The team will lead the risk assessment process and track progress to ensure risk mitigation.

• Bachelor’s Degree or equivalent work experience, Master's Degree preferred
• 10+years of related experience, inclusive of 5+ years of management experience
• 5+ years in financial or operational risk management at a large financial services institution(s)
• Deep knowledge and domain expertise of the third-party management lifecycle and its overall business processes, controls and risk exposure (e.g., third party identification, selection, management, termination), and applicable laws and regulations
• Strong knowledge and experience with seller servicers and suppliers risk management and/or audit, to cover the full lifecycle of activities, including risk identification, assessment, mitigation, monitoring, and reporting
• Understanding of regulatory requirements and expectations related to third party risk management (e.g., FHFA)
• Effective business and problem-solving ability with a proven understanding of all risk party types (seller/servicers, suppliers, and other counterparties) is desired

• Highly motivated and positive self-starter with strong people skills
• Organized, detailed oriented, and able to successfully handle multiple projects at once
• Ability to learn and adapt quickly to changing needs and requirements
• Confident speaker to facilitate discussions with all levels of staff, including executives
• Strong analytical skills and the desire to identify and implement process improvements to build efficiencies

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.