Compliance Oversight Analyst - Ethics and Financial Crimes
About The Position
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. Position Overview: Freddie Mac is seeking a Compliance Oversight Analyst, who will support our risk management and compliance efforts in relation to Bank Secrecy Act (BSA) Anti-Money Laundering (AML)/ Office of Foreign Assets Control (OFAC) regulations. The role involves assisting the manager in the QA oversight of the counterparty screening process. The analyst will collaborate with cross-functional teams to provide oversight on alert dispositions and assess remediation documents while also providing support to the enterprise as needed. This position is essential for ensuring the accuracy and effectiveness of ethics and financial crimes risk management processes. Our Impact: Enhance efficiency and effectiveness in oversight activities and the overall Compliance program. Assist in providing data for management and regulatory reporting. Contribute to standard metrics and reports, while exploring innovative methods for data analytics. Support integration of Ethics and Financial Crimes data across applications for reporting and investigations. Aid in maintaining the technology infrastructure supporting the Ethics and Financial Crimes Program. Your Impact: Assist in QA monitoring and oversight activities, challenging first-line processes and controls. Review and audit counterparty screening processes and alert dispositions for accuracy. Document procedures in compliance with FM’s Financial Crimes Risk Standard. Support the business by mitigating AML/OFAC screening issues and conducting quality reviews. Identify operational improvements and participate in special projects.
Requirements
- Bachelor’s Degree in a related field and 2-4 years of related experience, preferred.
- Experience with BSA/Anti-Money Laundering and OFAC requirements, preferably within a first line of defense.
- Ability to think critically and solve problems creatively.
- Experience with QA/QC activities.
- Self-motivated, proactive team player with a flexible, positive attitude.
- Ability to communicate QA/QC deficiencies empathetically and collaborate with divisions for process enhancements.
- Strong listening skills in a collaborative setting with a focus on problem-solving and achieving results.
- Ability to work independently and as part of a team to meet deadlines and deliver high-quality work.
- Engage with internal business partners and senior management on coordination across business lines.
Nice To Haves
- Knowledge in Financial Crimes, Compliance, or Risk Management fields, preferred
Responsibilities
- Assist in QA monitoring and oversight activities, challenging first-line processes and controls.
- Review and audit counterparty screening processes and alert dispositions for accuracy.
- Document procedures in compliance with FM’s Financial Crimes Risk Standard.
- Support the business by mitigating AML/OFAC screening issues and conducting quality reviews.
- Identify operational improvements and participate in special projects.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Number of Employees
1,001-5,000 employees
