What are the responsibilities and job description for the Quantitative Analytics Director – Enterprise Model Governance (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 :
The Enterprise Model Governance (EMG) Team, a first line enterprise function within Investments & Capital Markets (ICM), is seeking a highly motivated Enterprise Model Governance Director. Apply now to learn why there is #MoreAtFreddieMac!
Our Impact :
The EMG team is responsible for providing a coordinated, consistent approach to model governance across the first line business divisions.
Your Impact :
Responsibilities include :
- Develop enterprise guidance and procedure for Model Risk Management to enable consistent interpretation and implementation across the divisions.
- Perform Quality Control reviews of the model governance activities to promote adherence with the EMG procedure and guidance.
- Consolidate divisional metrics (including performance, risk and control metrics), model inventory and create periodic enterprise Model Risk reports for Model Risk Committee and other relevant meetings.
- Monitoring of model key risk indicators ("KRIs") and / or metrics (including performance, risk and control metrics) for first line divisions and execute notification / escalation procedures when KRIs are operating outside of thresholds.
- Review and provide feedback on Agreed Upon Actions ("AUAs") impacting divisions and the enterprise.
- Collaborate with senior leadership, anticipate and address customer needs, appropriately tailor communications and training to best meet them.
- Partner with enterprise governance groups (e.g., Enterprise Data Office, Enterprise Third Party Office, Artificial Intelligence Risk Governance, etc.) and Enterprise Operations & Technology, as applicable, when model-specific guidance is needed related to another risk domain such as data, third party, AI / ML, technology.
Qualifications :
Keys to Success in this Role :
Current Freddie Mac employees please apply through the internal career site.
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 : 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 $212,000 - $318,000 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.
Please ensure you read the below overview and requirements for this employment opportunity completely.
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Remote working / work at home options are available for this role.
Salary : $212,000 - $318,000
