Director Enterprise Model Risk Governance

At 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.

This role sits at the center of Freddie Macs enterprise model risk oversight shaping how the company manages model risk across the business lines.

As a people manager youll strengthen model governance and model risk management. Youll partner closely across Enterprise Risk including Financial Risk and Non-Financial Risk areas and the business divisions to manage model risk. The position offers high visibility meaningful influence on enterprise outcomes and the opportunity to innovate in model and AI/ML governance risk system build-out and risk control optimization while developing and leading talent in a fast-paced environment.

The Enterprise Model Risk (EMR) team within the Enterprise Risk Division is responsible for oversight and effective challenge of the companys model risk.

Together we:

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

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

• Communicate enterprise-wide model risk management issues and validation findings and monitor effective and timely issue/finding resolution

• Provide timely and independent oversight and effective challenge of the companys model risk management practices

• Execute an integrated oversight plan in collaboration with Financial Risk and other Non-Financial Risk areas to support the Chief Risk Officer in providing senior management and the Board with an enterprise view of risks

Director Enterprise Model Risk Governance an influential leader at Freddie Mac you will:

• Provide second line of defense governance and oversight across the enterprise model risk management framework

• Lead model governance activities to promote consistent application of model risk policies standards procedures and governance requirements across business lines

• Partner with model owners model developers validators and risk partners to support sound model lifecycle management including model development implementation use change management performance monitoring validation and retirement

• Support the development of model risk management tools and systems by partnering with business technology and operations teams on business requirements workflow design user acceptance testing and implementation readiness

• Contribute to enhancements in model risk systems workflows and reporting capabilities to improve transparency traceability and oversight effectiveness

• Build strong partnerships with first line counterparts and across Enterprise Risk to strengthen model risk management practices and governance outcomes

• Monitor industry trends regulatory developments and emerging practices in model risk management and AI/ML governance to inform program improvements

• Identify opportunities for streamlining optimizing and automating model risk processes and controls.

• Develop coach and lead team members while fostering a culture of accountability collaboration and continuous improvement

• At least 12 years of experience in model risk management model governance model validation quantitative risk management or related functions within a large complex financial institution

• Bachelors degree required; Masters degree preferred in finance economics engineering data science or a related field

• Proven leader with a track record of building leading and scaling high performing teams in complex organizations

• Strong understanding of model risk management principles and regulatory expectations including SRand FHFA model AB

• Demonstrated experience in second line of defense model governance or model risk oversight within the financial services industry

• Strong knowledge of model lifecycle practices including model development implementation use performance monitoring change management validation and model retirement

• Experience working with model risk management tools or systems including business requirements development workflow design user acceptance testing implementation support or product ownership responsibilities

• Understanding of key model types used in financial institutions such as credit risk loss forecasting capital valuation pricing fraud underwriting or decision models

• Ability to provide effective challenge and independent oversight while building constructive partnerships with first line business and modeling teams

• Experience supporting governance forums management reporting and communication of model risk issues to senior stakeholders

• Familiarity with model risk systems governance workflows and enterprise model risk management

• Strong leadership decision-making and organizational skills with the ability to manage multiple priorities in a fast-paced environment

• Excellent verbal and written communication skills with the ability to communicate complex model risk concepts clearly to a variety of audiences including senior management and regulators

• Effective collaboration to build trust and increase efficiency across the three lines including the business and Finance Divisions Enterprise Risk Division and Internal Audit

• Ability to communicate effectively and efficiently

• 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.

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.

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.