What are the responsibilities and job description for the Operational Risk Professional (Hybrid - 3 days in office - VA) position at Freddie Mac?
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:
Do you enjoy critical thinking, problem solving, interacting, and collaborating with personnel across departments and divisions? The Legal Division is seeking an Operational Risk Professional to join our Risk team. The Operational Risk Professional will support the Director in managing and monitoring the Legal Division’s operational risk responsibilities. The Professional will contribute to the implementation of Freddie Mac’s Operational Risk Management Framework and will engage business and risk partners. Learn more about our excellent benefits and why there's #moreatfreddiemac!
Our Impact:
The Legal Division provides proactive, timely and cost-efficient legal advice adaptable to client needs on all legal matters affecting Freddie Mac.
The Operational Risk Professional for the Legal division will help establish and execute on procedures to confirm that the division’s Risk and Control Self-Assessments (“RCSAs”) are updated regularly and performs control testing as necessary. Confirms compliance with operational risk-related reporting requirements external to the division. Stakeholder Engagement: Leadership takes ownership for the divisional operational risk program and communicates succinctly and successfully with senior management on the division’s operational risk framework, goals, issues, action plans and assessments. Provides regular updates to key stakeholders on the division’s operational risk posture and recommendations for improvement. Prepares necessary information to facilitate management discussions and decision making. Communicate with stakeholders at all levels across the division to achieve effective communication and enable stakeholder input and consensus. A self-starter with a “can-do‟ attitude; a driver and implementer who possesses the poise and ability to act calmly and competently in fast paced environment.
Your Impact:
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.
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 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 $73,000 - $109,000 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.
Position Overview:
Do you enjoy critical thinking, problem solving, interacting, and collaborating with personnel across departments and divisions? The Legal Division is seeking an Operational Risk Professional to join our Risk team. The Operational Risk Professional will support the Director in managing and monitoring the Legal Division’s operational risk responsibilities. The Professional will contribute to the implementation of Freddie Mac’s Operational Risk Management Framework and will engage business and risk partners. Learn more about our excellent benefits and why there's #moreatfreddiemac!
Our Impact:
The Legal Division provides proactive, timely and cost-efficient legal advice adaptable to client needs on all legal matters affecting Freddie Mac.
The Operational Risk Professional for the Legal division will help establish and execute on procedures to confirm that the division’s Risk and Control Self-Assessments (“RCSAs”) are updated regularly and performs control testing as necessary. Confirms compliance with operational risk-related reporting requirements external to the division. Stakeholder Engagement: Leadership takes ownership for the divisional operational risk program and communicates succinctly and successfully with senior management on the division’s operational risk framework, goals, issues, action plans and assessments. Provides regular updates to key stakeholders on the division’s operational risk posture and recommendations for improvement. Prepares necessary information to facilitate management discussions and decision making. Communicate with stakeholders at all levels across the division to achieve effective communication and enable stakeholder input and consensus. A self-starter with a “can-do‟ attitude; a driver and implementer who possesses the poise and ability to act calmly and competently in fast paced environment.
Your Impact:
- Coordinate implementation of requirements, policies, and standards
- Participate and drive risk reviews and deep dives of risk
- Identify deficiencies in the control design and operating efficiency
- Lead process owner discussions and engagements as SME
- Support operational risk lead in conducting analysis and engage with internal partners
- Engage with the 2nd Line of Defense as needed
- Support privacy risk management for the department
- Participate in and contribute to internal working groups and meet commitments
- Other risk, reporting, and project support as needed
- Bachelor's degree in Accounting, Economics, Finance, Information Technology, Risk Management, or a related field
- Minimum 2 years of relevant work experience in operational risk, compliance, or internal audit departments at banks, large financial institutions, or large consulting/assurance firms
- Leadership skills in engaging and influencing change
- Proficient with MS office particularly excel and PowerPoint
- Detail oriented and strong organizational skills
- Leadership skills to influence and managing change
- Strong interpersonal skills with an ability to problem solve and get results
- Excellent verbal and written communication skills!
- Experience operating within the three lines of defense model.
- Must have the ability to understand sophisticated ideas within a short period of time and multi-task on various projects with competing timelines
- Solid understanding of enterprise risk function
- Produce concise, detailed, and insightful documents/write-ups
- Agile and embraces change
- Strives to continuously learn and grow
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.
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 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 $73,000 - $109,000 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.
Salary : $73,000 - $109,000
