Project Management, Director

Position Overview

The Project Management Director role will be part of the Risk Strategy Execution team within the Single-Family Acquisitions Credit Risk Management Division! Apply now and learn why Freddie Mac is #HomeToMore!

Our Impact

The Single-Family Credit Risk Management Risk Strategy Execution team is responsible for:

• Partnering with business areas and their executive and management-level leadership in identifying, prioritizing, planning, delivering, and reporting on mission-based programs and initiatives.

Your Impact

Responsibilities include:

• Manage a team of project managers responsible for driving projects and other program initiatives, ensuring that all scoped work is delivered

• Manage Model Risk Management activities by ensuring Model Owners align with the Model Risk Standards by providing guidance on model documentation, validation and approval processes.  

• Perform Quality Control reviews of the model governance activities within SFA-CRM.

• Facilitate feedback process with Model Owners and Divisional/ Enterprise Model Governance to prepare reports, and presentation materials related to model risk to senior management.

• Provide support in consolidating divisional metrics model inventory and creating periodic enterprise Model Risk reports for relevant meetings

• Collaborate with senior leadership, anticipate and address their needs, appropriately tailor communications to best meet them.

• Support the development of divisional/enterprise guidance and procedure for Model Risk Management and enable consistent interpretation and implementation across the Model Owners for the models SFA-CRM is responsible for.

• Coordinate and collaborate with Divisional/Enterprise Model Governance, Model Developers, Validation teams, etc. to ensure timely delivery of model risk deliverables.  

• Monitoring of model key risk indicators ("KRIs") and/or metrics (including performance, risk and control metrics) for SFA-CRM and implement notification / escalation procedures when KRIs are operating outside of thresholds.

• Supporting Model Owners by facilitating Internal Audit and FHFA Exams and deliverables.  Additionally, supporting findings and issues remediation by collaborating with various teams to develop action plans and ensure timely resolution.  

• Partner with enterprise and divisional governance groups when model-specific guidance is needed related to another risk domain such as data, third party, AI/ML, technology.

Qualifications

• Bachelor’s Degree in related field and 12+ years of overall relevant experience

• 5+ years of experience in model governance and/or risk management

• People management and leadership skills

• Understanding of model risks and management practices, ideally including regulatory requirements and expectations

• Understanding and experience with operational risk management, covering the full lifecycle of activities, including risk identification, assessment, mitigation, monitoring, and reporting

• Experience with design and testing of model/operational controls is a plus

• Ability to take ownership and collaborate with diverse group of partners

Keys to Success in this Role

• Critical thinking, strong problem-solving skills, and attention to detail

• Strong written, verbal, communication skills, and the ability to communicate appropriately at all levels of the organization including visualizations.

• Capability to guide and influence others in the adoption and implementation of policies and standards, including leading and guiding the team

• Strong understanding of SF Models, Credit Risk Management, partners, and dependencies to effectively manage timelines

• Sense of urgency and able to apply risk-based approach to prioritize work

• Ability to adapt to change while continuing to deliver on assigned task

• Proven track record to use data and analytics

• Proven ability to use data and analytics and apply it to inform on risk perspectives

  Provide thoughtful fact-based effective challenge to the first line in a clear, concise, and risk-based approach

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.

A safe and secure environment is critical to Freddie Mac’s 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 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 $172,000 - $258,000 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.