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Position Overview:

This role sits at the center of Freddie Macs enterprise financial risk oversight shaping how the company anticipates measures and manages Single-Family credit risk across the economic cycle. You will translate macroeconomic and market signals into actionable credit loss forecasts and stress-test insights informing risk appetite and capital resilience under both internal scenarios and regulatory frameworks (e.g. DFAST).

As an independent risk leader youll provide effective challenge to models and deterministic quantitative methods strengthen governance and use standards and continuously enhance forecasting and portfolio risk analytics. Youll partner closely across Enterprise Risk Model Risk and the business to monitor key risk indicators identify emerging risks early assess new initiatives and policy changes and evaluate portfolio strategies such as loss mitigation and liquidation approaches. The position offers high visibility meaningful influence on enterprise outcomes and the opportunity to innovate in risk analytics model governance and data-driven oversight while developing and leading talent in a fast-paced mission-critical environment.

Our Impact:

The Financial Risk team within the Enterprise Risk Division is responsible for oversight and effective challenge of the companys most important risks including credit market and liquidity risks. Together we:

• Establish governance policies and standards that define how the company manages financial risks to support safety and soundness

• Monitor and report on the risk and control profile financial risk appetite and performance of risk indicators and metrics against thresholds and limits

• Communicate enterprise-wide risk management issues and emerging risks and monitor effective and timely issue resolution

• Provide timely and independent oversight and effective challenge of the companys financial risk management practices and risk-taking activities

• Assess risk to earnings and capital across a range of scenarios

• Execute an integrated oversight plan in collaboration with Operational Risk and Compliance to support the Chief Risk Officer in providing senior management and the Board with an enterprise view of risks

Your Impact:

Senior Lead Portfolio Credit Risk an influential leader at Freddie Mac you will:

• Analyze macroeconomic and financial drivers of credit loss forecasts; quantify their impact on losses across multiple scenarios including baseline outlook changes quarterly Current Expected Credit Losses (CECL) and stress tests (internal such as Risk Appetite and regulatory such as Dodd-Frank Act Stress Testing)

• Conduct Model and Deterministic Quantitative Methods (DQM) use assessments for new and existing models/DQMs including material changes to ensure they are appropriately designed and applied in risk management activities.

• Build strong partnerships with Single-Family counterparts and across Enterprise Risk

• Evaluate test and enhance macroeconomic and credit models; develop and recommend new approaches to improve forecast accuracy and risk insights over time

• Monitor Key Risk Indicators (KRIs) and other risk metrics to assess credit risk exposure; set quantitative thresholds and perform trend analysis to identify emerging risks

• Perform quantitative analysis and modeling to assess portfolio risk exposure

• Conduct independent risk assessments and issue effective challenge as part of monitoring activities including deep-dive reviews of high-risk segments and pipeline risk analysis

• Evaluate new initiatives and significant changes to assess credit risk

• Perform quantitative analysis on diverse portfolio issues including asset liquidation strategies and methodology changes

• Review corporate credit policies and maintain departmental policies and procedures.

• Monitor industry and sector trends and emerging regulatory developments to inform portfolio credit risk management activities

Qualifications:

• 10 years of experience in a combination of leadership roles in risk management and credit loss forecasting or related functions within a large complex financial institution.

• Quantitative degree preferred in finance economics mathematics statistics or related field; Masters degree or professional certifications (e.g. FRM CFA) a plus

• Ability to understand macroeconomic and credit forecast models stress testing methodologies and credit risk management practices

• Familiarity with relevant regulatory requirements including CCAR/DFAST and Basel standards

• Expertise in mortgage and fixed income products model loss estimation and loss forecasting

• Understanding of uncertainties and limitations of models methodologies and judgments used to measure and manage stress losses and capital adequacy

• Strong decision-making skills with the ability to work under pressure effectively to resolve critical issues

• Experience with analyzing complex financial data and risk management software and financial analysis tools (e.g. Python R Excel)

• Excellent verbal and written communication skills with the ability to communicate complex information to a variety of audiences including senior management and regulators in a clear and actionable manner

• Demonstrated track record of innovation in risk analytics data infrastructure or model governance practices.

Keys to Success in this Role:

• Effective collaboration to build trust and increase efficiency across the three lines including the business segment (I&CM and SF) and Finance Divisions Enterprise Risk Division and Internal Audit and with FHFA

• Ability to communicate effectively and efficiently

• Expertise and authority to maintain independence critically review and provide effective challenge of the companys stress testing and capital management practices and credit risk transfer activities

• Ability to prioritize across multiple competing tasks manage teams effectively and deliver timely high-quality and well-documented oversight outcomes

• Strong organization skills analytical mindset and ability to work in a fast-paced environment against tight deadlines

• Remain current on the latest financial risk management developments regulations and industry trends

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.

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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.