Portfolio Risk Management Senior Business Lead

Position Overview

Are you an innovative risk leader who wants to make an impact? Are you interested in applying your passion, talent, and ambition to support affordable and sustainable housing for families in communities nationwide? Join the Enterprise Risk Division as a Portfolio Risk Management Senior Business Lead!

The Portfolio Risk Management Senior Business Lead conducts Enterprise Risk counter party risk analytics, governance, and oversight for Freddie Mac’s Single‑Family (SF) and Multifamily (MF) mortgage portfolios. The role assesses, monitors, and communicates risks related to mortgage insurers (MIs), seller/servicers (S/S), banks, and other SF/MF counter parties—combining financial analysis, portfolio surveillance, market monitoring, and transaction‑driven risk assessments to support risk appetite, approvals, and senior management decision‑making.

Counter party Risk Analytics & Oversight

• Lead counter party‑focused risk analysis for SF/MF portfolios, with primary responsibility for mortgage insurers, reinsurers, and/or seller/servicers.

• Lead assessment of counter party financial strength, including liquidity, earnings, funding profile, capital adequacy, profitability, risk indicators, and qualitative risk factors, and evaluate potential impacts to counter party credit risk.

• Perform counter party risk attribution and trend analysis to explain changes in counter party exposures, risk profiles, and concentrations over time.

• Lead or provide independent risk assessments for transaction‑driven counter party matters, including mergers and acquisitions, significant initiatives, and Freddie Mac’s new or expanded counter party activities.

• Support counter party onboarding and approval work streams, including coordination across stakeholders and ensuring required artifacts are complete for decisioning.

• Review and provide risk assessments for methodologies and frameworks used for counter party risk management such as counter party exposures or counter party ratings.

Ongoing Counter party Surveillance

• Design and maintain ongoing counter party monitoring frameworks, including financial metrics, performance indicators, and early‑warning signals for SF/MF counter parties.

• Identify, assess, and clearly articulate emerging counter party risks, including deterioration in financial condition, structural vulnerabilities, or adverse market developments.

• Provide timely, decision‑relevant risk insights to support proactive risk management actions. Escalate material counter party concerns, mergers and acquisitions, limit breaches, or governance issues to senior risk leadership, and support CRO‑ and committee‑level visibility as needed.

Cross‑Functional Collaboration

• Partner closely with Single‑Family, Multifamily and Counter party Credit Risk teams to ensure alignment of data, analytics, and risk messaging.

• Work closely with other Enterprise Risk teams, including Credit, Model Risk, Compliance, and Third‑Party Risk Management, to support end‑to‑end risk governance across credit, capital, model, and regulatory dimensions.

• 10+ years of experience in counter party credit risk and mortgage credit risk, with demonstrated expertise in counter party financial analysis (capital adequacy, liquidity, earnings sustainability, funding structures, and stress performance) across financial institutions and non‑bank counter parties.

• Strong business and risk knowledge of mortgage insurers (MIs), reinsurers (RIs), and/or seller/servicers, including operating models, regulatory frameworks, capital regimes, and performance drivers across market cycles (preferred).

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

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

• 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.

• Experience analyzing complex financial data and using risk management and financial…