Risk Policy Director (Hybrid - 3 Days In Office - Va)

Employees, contingent workers and visitors are no longer required to show proof of vaccination to be on-site. Effective January 2023, Freddie Mac’s hybrid work arrangement is 3 days in the office (specifically Tuesday, Wednesday & Thursday).

Position Overview:

Are you a seasoned leader with experience in credit policy, credit risk measurement principles, and risk assessment methodologies in Single-Family mortgage? Do you thrive in a role that requires collaboration and partnership across an organization? Do you have a consistent track record of encouraging and managing other seasoned professionals both directly and indirectly? If you have a desire to help strengthen Enterprise Risk Management (ERM) function as part of the Enterprise Credit Risk (ECR) department to ensure we have effective SF loan acquisition credit oversight, then this role could be for you.

Apply now to learn about our excellent benefits and why there's #moreatfreddiemac!

Our Impact:

The Origination Credit Risk team provides independent assessments of material Single-Family acquisition credit risks, and using our robust business acumen, collaboration and focused analytics, we support Freddie Mac’s balance of credit risk and mission objectives within the defined risk appetite.

Your Impact:

As the Director you will play a vital role in managing credit risk within a mission driven enterprise as you:

• Monitor the use of Terms of Business and other exceptions within the business and appropriately bring up issues or breaches
• Identify emerging trends in underwriting innovation related to collateral, income and asset evaluations and articulate impact on credit and collateral risk
• Develop a sense of team and company pride in your department, leading by example
• Review action plans written by the Single-Family division for remediation of issues identified by ERM, Internal Audit or FHFA regulators. Provide feedback as necessary, track remediation results and provide status to ERM leadership
• Advise senior executives on credit decisions and emerging risks through written assessments which include the impacts to risk measurements and capital requirements
• Apply your deep knowledge of Freddie Mac loan approval guidelines and policies to effectively challenge the proposed policy changes
• Manage and develop a small team of seasoned risk management professionals
• Maintain business relationships with the Credit Policy team in Single-Family to cultivate open communication related to policy change development. Participate in the Single-Family Division policy change management processes to provide early feedback and effective challenge
• Improve effectiveness of credit risk identification and policy change assessments through keeping well-informed of internal new acquisition, competitor and general mortgage market trends
• Participate in or lead risk reviews or targeted risk assessments of the Single-Family acquisition business. Provide summary memos that could include credible challenges or Management Identified issues. Work with the business and/or Internal Audit to ensure identified gaps are remediated

Qualifications:

• 4-year (B.A., B.S) degree in Economics, Finance, Business, or equivalent experience Advanced degree in a related field preferred
• 4+ years management experience
• 12+ years of experience in Single-Family secondary mortgage origination business including familiarity with key credit risk concepts and measurements

Keys to Success in this Role:

• Establishes vision, operational objectives and work plans – involved in policies impacting immediate operations and may have company-wide effect
• Brings organizational awareness and in-depth understanding of current business trends within broader external environment to effectively synthesize and present evaluation of risk factors or issues
• Clearly and concisely communicates (written and verbal)
• Interacts on a regular basis with senior leaders and executives
• Champions the culture and attitudes, and actively promotes and models the critical supporting behaviors
• Sets direction for driving assignments to completion with no to minimal direction
• Influences others across the enterprise and in sensitive situations without damage to relationship
• Drives implementation of strategic policies with broad functional impacts pursuant to articulated methods, techniques and evaluation criteria

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.

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

Job Category:Risk

FLSA Status:Exempt

The anticipated annualized base salary range for this position is $182,000 to $272,000 and is eligible to participate in the annual incentive program.