Operational Risk Professional

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.

Freddie Mac is seeking an Operational Risk Professional to join the Investments & Capital Markets (I&CM) division. Are you someone who loves to challenge the status quo and leverage your critical mind? Do you want your work to be meaningful and make an impact in the housing industry? Support our mission to #makehomepossible!

The Treasury Governance team within the Investment & Capital Markets Division sets the policy and requirements that govern the end-to-end payment process and provide oversight and advisory for payment processing activities across Freddie Mac.

We help the company to manage risks related to payment process to an acceptable level and report on the end-to-end payment risk profile.

• Support maintenance of Payment Risk Management Framework that conforms with industry leading practices, standards and specifications;
• Support maintenance of Corporate policies, procedures and standards for corporate payment process;
• Support oversight of business area’s compliance with Corporate procedures for corporate payment process;
• Support periodic corporate aggregation assessments of unmitigated payment risks across the company;
• Support periodic reporting of the aggregated payment fraud risks, KRIs, KPIs, and KCIs for the end-to-end payment management reporting
• Support periodic risk and control assessments for payment processes as outlined in Corporate Risk Assessment Standard;
• Support the development of end-to-end payment process control testing oversight plan;
• Execute the end-to-end design review of controls for all payment processes
• Execute manual/automated control testing oversight. Challenging test scripts and test of one and operating effectiveness results from an end to end view;
• Reviews significant changes that impact payment processes or systems to determine that the risk and controls have been adequately assessed from an end to end view;
• Support training Freddie Mac staff about payments fraud; industry trends and appropriate safeguards and tips; and
• Support other assigned governance and advisory activities

• Bachelor’s degree plus 2-4 years of operational risk/process management and/or audit experience
• Strong working knowledge of Microsoft Office (Excel, PowerPoint, Word, SharePoint, Visio)
• Previous big four experience and/or relevant professional certifications (CPA, CFA, Six Sigma green belt/black belt, CIA, etc.) a plus
• Familiarity with the COSO internal control framework
• Knowledge of payment processing, third party and information and technology risk and control capabilities (architecture, identity and access management, software/hardware security)
• Basic understanding of AI concepts and their business applications is a plus

• Enthusiasm for learning about AI tools and their practical implementation
• Detail-oriented, analytical and good written and verbal communication skills
• Ability to understand and work with a diverse group of stakeholders within first and second line functions
• Self-motivated, pro-active, and result-driven problem solver with the capability of managing multiple priorities without heavy supervision
• Capable of working independently or within a collaborative team environment

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.

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