Operational Risk Governance Specialist

1 week ago


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

At Freddie Mac, you will play a critical role in building a better housing finance system. As an Operational Risk Governance Specialist, you will be part of a team helping to make homeownership and rental housing more accessible and affordable across the nation.

Position Overview:

Are you excited by the chance to create an impact and work in a dynamic flexible environment? Do you have experience in Model Risk, Controls, or Governance? If so, please consider this opportunity and work 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. Responsibilities include:

Apply the firm's Model Risk Policy, Standard and Procedure
Support the implementation of division-specific model risk management policies, strategies and operational procedures
Design process and controls to effectively mitigate risk
Help 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)
Monitor second line of defense model findings and partner with stakeholders to disposition them timely
Support 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
Assure adherence to schedules, work plans, and performance requirements
Regularly interact with management and peers on matters concerning risk governance processes, procedures and deliverables
Participate 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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