Operational Risk Governance Specialist

5 days ago


Dallas, Texas, United States Freddie Mac Full time
Job Title: Operational Risk Senior

At Freddie Mac, you will play a critical role in building a better housing finance system and contribute to a team that makes homeownership and rental housing more accessible and affordable across the nation.

Position Overview:

Are you passionate about creating an impact and working in a dynamic, flexible environment? Do you have experience in Model Risk, Controls, or Governance? If so, consider this opportunity and apply to the Risk Governance Senior role, working in conjunction with Single Family (SF) Acquisitions business leaders.

Our Impact:

The Single-Family Acquisitions Division Risk Office is responsible for managing model-related compliance and operational risk for the division.

Your Impact:

In this role, you will be responsible for implementing model risk and control activities to effectively manage Model risk. Your responsibilities will include:

  • Applying the firm's Model Risk Policy, Standard and Procedure
  • Supporting the implementation of division-specific model risk management policies, strategies, and operational procedures
  • Designing processes and controls to effectively mitigate risk
  • Helping implement and support model-related governance processes and procedures (e.g., model documentation and retention, data quality, user acceptance testing governance, quality of model documentation repository)
  • Monitoring second-line-of-defense model findings and partnering with stakeholders to disposition them timely
  • Supporting routine/quarterly meetings (e.g., Division Model Risk Forum and Model Risk Committee) by collaborating with stakeholders for input, monitoring, and following up on completion, obtaining management reviews and approvals, taking meeting minutes/capturing action items, and finalizing/releasing/retaining final materials
  • Ensuring adherence to schedules, work plans, and performance requirements
  • Regularly interacting with management and peers on matters concerning risk governance processes, procedures, and deliverables
  • Participating as a key member of a high-performing, result-oriented team
Qualifications:
  • 5-8 years of related experience
  • Some technical knowledge of model development and oversight
  • Fundamental understanding of technology/model risk management, governance routines, controls, and desire to learn
  • Knowledge of the technical lifecycle to include design, development, testing, implementation, use, change, and performance monitoring
  • Understanding and experience with operational risk management to include phases such as risk identification, assessment, root cause, mitigation, monitoring, and reporting
  • Experience with reporting tools or running queries (e.g., Excel data) to produce reports
  • Bachelor's Degree or equivalent experience; experience in technology/model governance preferred
Keys to Success in this Role:
  • High ethical standards, excellent judgment, sense of personal initiative, and ability to interact constructively with colleagues at all levels of the organization
  • Ability to form partnerships with peers to create a mutually supportive community
  • Critical thinking, problem-solving skills, and attention to detail
  • Willingness to continue learning about the different facets of models, model risk/control, and governance
  • Strong written, verbal, communication, information visualization skills, and the ability to communicate appropriately at all levels of the organization
  • Ability to produce quality deliverables on time, in a fast-paced environment, during normal routines and times of change
  • Ability to identify and bring opportunities for efficiency and productivity improvement to management's attention


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