Third Party Risk Manager

2 months ago


Chicago, United States Freddie Mac Full time

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**:
Freddie Mac’s Single Family Portfolio and Servicing (SFPS) division is in the process of building out a Third Party Risk Management Program. The SFPS Operation Risk Manager will help establish new third party risk functions, and contribute timproving and maturing currently established functions. This role will collaborate closely with the Single Family Acquisitions Third Party Risk team, the Enterprise Third Party Risk Office (ETPO), Enterprise Risk Management (ERM), and our SFPS Risk and Control team.

**Our Impact**:
Our team is responsible for establishing, managing, and leading all aspects of a robust risk management function that oversees SFPS third parties, including Servicers, Suppliers, Document Custodians, Funds Custodians, and Mortgage Insurers. Our team works with business partners across the enterprise to identify, assess, communicate, and manage the risk associated with our SFPS third parties. Our team has a single point of accountability to manage third party risk and optimally communicate key risk management topics to the SFPS Division Risk Officer and other business partners.

**Your Impact**:
You will:

- Use critical thinking skills to establish new risk management procedures and processes to further mature the SFPS third party risk management function.
- Work closely with the SFPS Risk and Control team to ensure third party risk processes, risks and controls are accurately assessed and documented across the division.
- Use enterprise risk management assessment tools to determine inherent and residual risk of various third parties.
- Identify, monitor and communicate risk associated with divisional third parties.
- Ensure that the SPFS third party risk management programs adheres to FHFA Advisory Bulletins and enterprise policies, procedures and standards related to third party risk management.
- Establish and maintain collaborative partnerships with ETPO, ERM and SFA Third Party Risk team.
- Analyze and monitor SFPS third party data and effectively communicate results to divisional leadership and other business partners.
- Partner with SFPS stakeholders to ensure compliance to divisional and enterprise third party risk management policies, standards and procedures.
- Effectively lead, facilitate, and progress third party risk discussions with all levels of staff, including executive level presentations.

**Qualifications**:

- 8-10 years of operational risk management experience
- Bachelor’s degree in related field or equivalent work experience
- Strong oral and written communication skills, including the ability to lead, facilitate and drive discussions towards resolution
- Strong understanding of enterprise risk and controls framework including the risk taxonomy, 25 block risk assessment, risk and controls identification and reporting process, and the GRC tool
- Third party risk management experience, including the understanding of the third party risk management lifecycle and the various oversight requirements (both internal and external requirements) of the various types of third parties.
- Critical thinking skills, problem solving and strong analytical skills
- Strong Excel and PowerPoint skills
- Strong leadership skills

**Keys to Success in this Role**:

- Highly motivated and positive self-starter with strong people skills, communication skills and the ability to multitask
- Excellent analytical skills and deep knowledge of operational risk management
- Highly organized and detailed oriented
- Willingness to learn and ability to adapt to quickly changing needs and requirements.
- Collaborative team player that is also comfortable working independently
- Customer focused

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.

Time-type:Full time

FLSA 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 $126,000 - $190,000 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.



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