Operational Risk & Controls Senior

At Freddie Mac, our mission of Making Home Possible is what motivates us, and it’s at the core of everything we do. Since our charter in 1970, we have made home possible for more than 90 million families across the country. Join an organization where your work contributes to a greater purpose.

Position Overview:

At Freddie Mac, our mission of Making Home Possible is what motivates us, and it’s at the core of everything we do. Since our charter in 1970, we have made home possible for more than 90 million families across the country. Join an organization where your work contributes to a greater purpose.

This role is in Governance and Business Services (GBS) and is part of 1st Line within the Multifamily Division at Freddie Mac in McLean, VA. GBS leads the division in managing operational risk, in compliance with the Corporate Enterprise Risk Management framework. 

As an Operational Risk & Controls Senior in GBS, you will support Multifamily Process Owners in managing third-party supplier risk by using an integrated approach to operational risk frameworks, collaborating with the 2nd line, 3rd line, and other business lines counterparts. You will engage with key business process owners to assess and monitor inherent risks associated with suppliers, ensuring compliance with regulatory standards and internal controls.  This role also offers an excellent opportunity to gain insight into our Multifamily business. The responsibilities are time-sensitive and carry a high level of visibility both within the Multifamily division and across the company.

Our Impact:

Our team leads third-party risk management for the Multifamily division, serving as trusted advisors to business process owners. We ensure compliance with all corporate third-party risk policies, standards, and procedures, and proactively partner with stakeholders across all three lines to assess and mitigate supplier risks.

We oversee the identification and resolution of supplier risk findings, addressing vulnerabilities to enhance organizational resilience. Our remediation monitoring program ensures timely and effective management of supplier risk issues.

By providing expert guidance and fostering a strong risk management culture, we help our business partners understand and address the risks associated with supplier engagements.

Your Impact:

As an integral part of our high-performance team, you will proactively assist the team to manage third-party supplier risks. Your primary responsibilities include:

• Conduct third party inherent risk assessments by collaborating with business partners and engaging Subject Matter Experts to identify supplier risks.
• Oversee remediation of supplier control gaps by partnering with contract owners, driving management and dissolution of supplier risk findings.
• Facilitate the development of supplier contingency plans to prevent disruptions from affecting key Multifamily business processes.
• Support the team in performing third party reconciliations, metrics monitoring, management reporting, and meeting corporate requirements.
• Provide information and support to business stakeholders regarding third party risk management best practices and risk mitigation strategies.

Qualifications:

• Bachelor's Degree or equivalent with 5+ years of related work experience, such as in Risk Management, Internal Audit and/or External Audit
• Experience in third-party risk management preferred
• Familiar with Third-Party Risk management or Operational Risk Management concepts
• Effective project management, communication, and presentation skills to work effectively with various levels of leadership
• Strong Excel, PowerPoint and SharePoint skills

Keys to Success in this Role:

• Curiosity and interest in learning the Multifamily business
• Drive to understand and apply the third-party risk management framework to mitigate, monitor and control risk for Freddie Mac
• Taking ownership to drive results in delivering high-quality and timely products
• Ability to work independently with minimal direction, prioritize tasks, and manage projects and assessments effectively
• Work collaboratively across multiple teams, channels, and reporting lines with a high level of energy, creativity, flexibility and dedication
• Explore and use Artificial Intelligence tools and techniques to automate processes and improve team efficiency
• Problem-Solving and advanced excel skills a plus

Current Freddie Mac employees please apply through the internal career site.

We consider all applicants for all positions without regard to gender, race, color, religion, national origin, age, marital status, veteran status, sexual orientation, gender identity/expression, physical and mental disability, pregnancy, ethnicity, genetic information or any other protected categories under applicable federal, state or local laws. We will ensure that individuals 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.

A safe and secure environment is critical to Freddie Mac’s business. This includes employee commitment to our acceptable use policy, applying a vigilance-first approach to work, supporting regulatory mandates, and using best practices to protect Freddie Mac from potential threats and risk. Employees exercise this responsibility by executing against policies and procedures and adhering to privacy & security obligations as required via training programs.

CA Applicants:  Qualified applications with arrest or conviction records will be considered for employment in accordance with the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act.

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 timeFLSA Status: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 $96,000 - $144,000 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.