Freddie Mac

Freddie Mac’s Enterprise Model Risk Management group is currently seeking a Quantitative Analytics Senior Director to lead the model validation group that performs effective challenge of market risk models that support key business and risk decisions.. Participate and support in audit and regulatory engagements, including issue remediation activities related to model risk.. Effectively engage with model governance and reporting functions, and other model validation groups, and support model risk activities.. Build strong relationships and consensus across the lines of defense on model validation matters, aligning conflicting priorities and resolving issues to achieve progress.. Typically has 12+ years related experience in regulated financial services institutions with focus in housing markets and structured products.

senior director

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: Freddie Mac’s Enterprise Model Risk Management group is currently seeking a Quantitative Analytics Senior Director to lead the model validation group that performs effective challenge of market risk models that support key business and risk decisions. Apply now and learn about our excellent benefits and why there’s #MoreAtFreddieMac! Our Impact: Freddie Mac is leading the U.S housing market forward by making homeownership and rental housing more accessible and affordable. Your Impact: <ul><li>Responsible for managing the comprehensive validation of Multi Family Models that include Market, Credit and Prepayment Risk, and House Price Appreciation models per business and regulatory requirements.</li><li>Responsible for validation and review of appropriate controls of associated model overlays that are based on expert judgment or qualitative factors.</li><li>Recommend, as appropriate, the approval or disapproval of models and overlays, including issuance of findings, tied to weaknesses as determined by independent model validation.</li><li>Ensure conformance to internal control standards for associated model validation processes.</li><li>Effectively interact with model developers, implementers and users, business stakeholders, and governance committees to manage model validations, including operational management of associated model risk processes, and ensure compliance with Model Risk Policy and Standards</li><li>Participate and support in audit and regulatory engagements, including issue remediation activities related to model risk.</li><li>Conduct ongoing monitoring validation activities to support conformance to appropriate risk appetite and KRI metrics.</li><li>Establish operational objectives and work plans, and delegate assignments to staff.</li><li>Effectively engage with model governance and reporting functions, and other model validation groups, and support model risk activities.</li><li>Build strong relationships and consensus across the lines of defense on model validation matters, aligning conflicting priorities and resolving issues to achieve progress.</li><li>Directly manage model validation staff, and conduct performance reviews and ratings.</li><li>Promote an environment that supports diversity, equity and inclusion. </li></ul>Qualifications: <ul><li>Graduate degree with advanced studies/degree in economics/statistics/mathematics/financial engineering or related fields preferred.</li><li>Typically has 12+ years related experience in regulated financial services institutions with focus in housing markets and structured products. </li></ul>Keys to Success in this Role: <ul><li>Strong quantitative and analytical skills.</li><li>Extensive experience in model development or validation.</li><li>Strong technical skills in processing data and programming.</li><li>Thorough knowledge of applicable regulatory guidance.</li><li>Superior technical written and oral communication skills.</li><li>Must be able to plan, organize and supervise work of staff and produce timely results </li></ul>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 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 $252,000 - $378,000 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.

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