Job Details
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.
Position Overview:
This role is in Governance and Business Services (GBS) and is part of 1st Line of Defense (LOD) within the Multifamily Division at Freddie Mac. GBS is responsible for identifying and measuring operational risks, managing issues and operational risk events, analyzing and reporting on risks, and collaborating with the Three Lines of Defense and management across the company. In this role, operational risks include business transaction, initiative, information and data, technology, business continuity, laws/regulations, and SOX, performing risk assessments, and control design, and implementation. GBS leads the division with compliance to the Corporate Enterprise Risk Management framework including compliance with Risk Identification and Reporting. Apply now and learn why Freddie Mac is #HomeToMore!
The Risk and Control Associate will work on diverse and complex issues, where analysis of situation or data requires evaluation of a variety of factors, including an understanding of current business trends and emerging risks. The responsibilities are time sensitive and have a high-level of visibility within Multifamily and across the company.
Our Impact:
We provide strong operational risk management knowledge and advice to the Multifamily Business and effectively manage risk in line with the 2nd Line of Defense, policies and standards with the targeted use of innovative strategies and techniques.
Your Impact:
As an integral part of our high performance team, you will proactively assist the team in managing operational risks. Your primary categories of work include:
Operational Risk Management
* Maintain operational risk data stored in BWise, update system as needed to ensure data completeness and accuracy
* Assist the preparation and documentation of Risk Control Self-Assessment for business areas
* Identify and assess relevant risks in business, design adequate controls that mitigate risks
* Provide end-to-end support to business throughout the issue management lifecycle as required by management
* Investigate operational risk events, prepare concise event report, document relevant issue, and guide the development of adequate remediation actions
* Support business during oversight activities performed by the Internal Audit, 2nd Line of Defense, or Regulator
* Monitor, track, and report on risks, issues, and issue remediation status
Engage Business Area, Lines of Defense
* Assist GBS management and the business to identify, develop and implement operational efficiency and controls
* Engage with 2nd and 3rd Lines of Defense, including Enterprise Risk Management and Internal Audit
* Assist in developing innovative reporting and analytics related to Multifamily risk
Qualifications:
* Bachelor's degree in Business, related field, or equivalent work experience in operational risk management
* 0 - 2 years related experience
* Experience in conducting and documenting risk assessments.
* Excellent written and verbal communication skills
* Strong Excel, PowerPoint, and SharePoint skills.
Keys to Success in this Role:
* Curiosity and interest in Operational Risk Management in Multifamily business
* Detail oriented and result driven with sense of urgency
* Ability to organize, multi-task, prioritize, and focus on essentials
* Teammate with positive attitude
* Strong work ethic
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 www.BountyJobs.com and register with our referral code: MAC.
Time-type:Full time
FLSA Status:Non-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 $58,000 - $86,000 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.