Counterparty Credit Risk Management, Associate II

Freddie Mac • Mclean, VA

54d • $76,000 - $114,000

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: Review and assess counterparty risk associated with corporate transactions Engage in financial due diligence activities of new and current non-depository financial institutions to assess the credit strength of counterparties conducting business with Freddie Mac Performing risk assessments of current counterparties undergoing organizational changes (e.g., mergers, acquisitions) Perform periodic management reporting and assist in developing presentations to senior management. Implementing risk mitigation strategies and tracking and reporting of risk mitigation progress. Our Impact: Our team is responsible for managing and reducing Freddie Mac's counterparty credit risk exposure to non-depository financial institutions Ensure that counterparty risks are adequately evaluated, and that adverse portfolio and/or individual counterparty trends are identified in a proactive manner. Your Impact: Assess on an ongoing basis the creditworthiness of non-depository financial institutions through financial due diligence Monitor and assess industry hot topics and trends impact on counterparty risk and corporate policies. Assign internal counterparty ratings and document the corresponding rationale like a rating agency credit opinion. Assist in periodic management reporting and presentations to senior management. Manage and monitor internal counterparty risk exposures against limits. Implementing risk mitigants to ensure compliance with stated requirements.

Requirements

• BS/BA Degree in Accounting, finance, economics or 1+ years of related professional work experience in mortgage banking (asset based financing and correspondent lending), audit, corporate credit, risk management, or a related field
• Excellent verbal and written communication skills.
• Strong analytical and problem-solving skills with keen attention to detail.
• Ability to work both independently and collaboratively.

Nice To Haves

• Self-starter and take initiative and ownership of assignments
• Good verbal and written communication skills
• Ability to work independently and collaboratively

Responsibilities

• Review and assess counterparty risk associated with corporate transactions
• Engage in financial due diligence activities of new and current non-depository financial institutions to assess the credit strength of counterparties conducting business with Freddie Mac
• Performing risk assessments of current counterparties undergoing organizational changes (e.g., mergers, acquisitions)
• Perform periodic management reporting and assist in developing presentations to senior management.
• Implementing risk mitigation strategies and tracking and reporting of risk mitigation progress.
• Assess on an ongoing basis the creditworthiness of non-depository financial institutions through financial due diligence
• Monitor and assess industry hot topics and trends impact on counterparty risk and corporate policies.
• Assign internal counterparty ratings and document the corresponding rationale like a rating agency credit opinion.
• Assist in periodic management reporting and presentations to senior management.
• Manage and monitor internal counterparty risk exposures against limits.
• Implementing risk mitigants to ensure compliance with stated requirements.

Benefits

• Freddie Mac offers a comprehensive total rewards package to include competitive compensation and market-leading benefit programs.
• Information on these benefit programs is available on our Careers site.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Credit Intermediation and Related Activities
• Number of Employees: 5,001-10,000 employees