Model Risk Senior Lead

At Freddie Mac, our mission of Making Home Possible is what motivates us, and it’s 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 Mac’s enterprise model risk oversight, shaping how the company manages model risk across the business lines. As a Senior Lead, you’ll strengthen model governance and model risk management. You’ll 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 company’s 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 company’s 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

Senior Lead, 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, ensuring alignment with internal policy, standards, and regulatory expectations

• Partner with model owners, model developers, validators, and business stakeholders to promote consistent execution of model risk management requirements across the full model lifecycle, including model development, implementation, use, monitoring, change management, and retirement

• Support governance activities related to both traditional models and AI/ML models, including oversight of model inventory, model tiering, documentation standards, performance monitoring, and ongoing compliance with model risk management requirements

• Review model-related submissions, governance materials, and lifecycle artifacts to assess completeness, quality, and consistency with enterprise standards

• Monitor emerging practices, regulatory developments, and industry trends related to model risk management and AI/ML governance, and help translate them into practical governance enhancements

• 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

• Act as an intent owner or business lead for model risk management system capabilities, helping prioritize enhancements, define user needs, and improve governance workflows and reporting. Including maintenance of the model risk management system.

• Lead quality assurance activities to assess consistent conformance with applicable policies, standards, procedures, and governance requirements

• Identify and implement opportunities for continuous improvement, automation, and…