Audit Associate
About The Position
Freddie Mac is seeking an Audit Associate for its Counterparty Risk & Compliance (CRC) group’s Audit team. This role involves performing operational audits of Freddie Mac’s Multifamily Seller/Servicers annually to assess their compliance with contractual eligibility, loan origination, and loan servicing requirements, as well as to evaluate operational risks. The Audit Associate will analyze and test Seller/Servicer compliance with the Multifamily Seller/Servicer Guide and governing securitization documents across various areas including Overall Control Environment, Underwriting, Loan Administration, Asset Management, Accounting, and AML, OFAC and Fraud. This role will also assist Audit Leads in discussions with Freddie Mac Partners and Business Units regarding customer attributes and potential shortfalls, ensuring timely completion of test work.
Requirements
- Bachelor’s degree in a business-related discipline (Finance, Accounting, Real Estate, etc.)
- 0-2 years of experience in commercial real estate
- Proficiency with Microsoft Office products, especially Excel and Word
- Demonstrated ability to work accurately and timely on projects with specific and measurable due dates and goals
- Strong written and verbal communication skills with strong attention to detail
- Ability to prioritize and be self-directed
- Excellent critical thinking skills
- Strong organizational and time management skills
Responsibilities
- Analyze and test each Seller/Servicer’s compliance with the Multifamily Seller/Servicer Guide and governing securitization documents in areas such as Overall Control Environment, Underwriting, Loan Administration, Asset Management, Accounting, and AML, OFAC and Fraud.
- Assist Audit Leads with open discussions with Freddie Mac Partners and Business Units regarding specific customer attributes and potential shortfalls.
- Ensure test work is completed within predetermined timeframes.
- Identify areas where Seller/Servicers can strengthen their controls and improve their processes.
- Support the team’s ongoing monitoring of operational risks posed to Freddie Mac by our Seller/Servicer network.
Benefits
- Competitive compensation
- Market-leading benefit programs
- Eligible to participate in the annual incentive program
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Number of Employees
1,001-5,000 employees
