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You will be updated with latest job alerts via emailAt Freddie Mac our mission of Making Home Possible is what motivates us and its at the core of everything we do. Since our charter in 1970 we have made home possible for more than 90 million families across the country. Join an organization where your work contributes to a greater purpose.
Seeking a Treasury Operations Professional to join our Team! This individual will oversee payment execution and ensure all cash activity is processed in accordance with corporate compliance and regulatory guidelines including OFAC. Additionally you will be responsible for:
Processing cash/securities wires and ACH payments in support of the firms business lines.
Performing daily balancing/reconciling with banks and clearing firms.
Providing governance over the authorized payment approvers process while managing associated risks.
Identifying and monitoring operational risk including detective and preventative payment monitoring to identify fraud and operational errors as well as ensuring the integrity of the companys wire and ACH payment instructions.
Executing risk assessments and documents processes to ensure the firm can effectively respond in the event of a resilience event.
Managing banking relationships/bank services inclusive of the Federal Reserve.
Treasury Operations is responsible for ensuring that cash activity is processed in accordance with regulatory and corporate guidelines for the entire company. Investment and Capital Markets is responsible for managing our mortgage-related investments portfolio single family securitization activities and treasury functions.
Responsibilities include:
Payment Execution and Operational Risk Management
Govern authorized payment approvers Electronic Funds Transfer (EFT) Authority process and payment instructions setup.
Assist in projects to strengthen Freddie Macs payment processing including completing new business impact.
Develop modify and execute departmental controls and procedures.
Payment Fraud Prevention
Perform detective and preventative payment monitoring to identify fraud and operational errors.
Ensure the integrity of the companys wire and ACH payment instructions.
Monitor transactions for adherence to OFAC requirements.
Resiliency - Risk Management
Execute risk assessments and document processes to ensure the firm can effectively respond in the event of a resilience event.
Partner with Information Technology to develop maintain and test disaster recovery and restoration plans.
Design and execute business resiliency/disaster recovery tests.
Perform supplier risk assessments.
Bank Relationship Management and Other Responsibilities
Manage banking relationships/bank services.
Evaluate monthly bank fees.
Prepare and present monthly Treasury Operations management report which focuses on key risk indicators key control indicators and payment volumes.
Provide strong support to stakeholders.
College Degree and/or equivalent experience
Minimum of 2 years of relevant experience
Understanding of Treasury Services Cash Management and Banking Services including investment instruments rules regulations compliance fraud prevention and related risks
Understanding of the Federal Reserve payment systems
OFAC (Office of Foreign Asset and Control) knowledge
Demonstrated strong data and analytical skills
Banking and Financial industry knowledge NACHA processes/rules Microsoft Access Database Excel and Word
Strong verbal and written communication skills
Strong analytical critical thinking and problem-solving skills
Excellent organizational skills
Highly motivated with a desire to learn and adapt
Customer service oriented
Current Freddie Mac employees please apply through the internal career site.
We consider all applicants for all positions without regard to gender race color religion national origin age marital status veteran status sexual orientation gender identity/expression physical and mental disability pregnancy ethnicity genetic information or any other protected categories under applicable federal state or local laws. We will ensure that individuals 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.
A safe and secure environment is critical to Freddie Macs business. This includes employee commitment to our acceptable use policy applying a vigilance-first approach to work supporting regulatory mandates and using best practices to protect Freddie Mac from potential threats and risk. Employees exercise this responsibility by executing against policies and procedures and adhering to privacy & security obligations as required via training programs.
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 and register with our referral code: MAC.
Time-type:Full timeFLSA Status:Non-ExemptFreddie 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 $75000 - $113000 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.Required Experience:
Unclear Seniority
Full-Time