About The Position
Are you looking for a chance to create a substantial impact to a program supporting Freddie Mac's core mission? Are you someone who collaborates well with various partners, displays excellent communication skills, and can quickly adapt to a continuously evolving environment? On the Investment & Capital Markets (I&CM) Third Party Risk Management team, we partner with I&CM Third Party Relationship Managers and Officers to identify, assess, and mitigate risks associated with third-party engagements. This position will support 1st line of defense (1LOD) third party risk management activities for the Investments & Capital Markets (I&CM) division, including trading, back office, technology and modeling functions. The successful candidate will be responsible for developing their subject matter knowledge in and performing I&CM’s third party risk oversight 1LOD strategy and framework.
Requirements
- 0-2 years of related professional experience
- Bachelor's degree or equivalent experience
- Knowledge of third party risk management
- Experience assessing operational risk and internal control environments
- Strong organizational skills and the ability to balance multiple assignments
- Strong written and verbal communication and presentation skills
- Ability to develop effective partnerships across the firm
Nice To Haves
- Knowledge of secondary mortgage market and Freddie Mac's business
Responsibilities
- Identifying, monitoring and managing risks associated with I&CM third parties
- Responsible for completion of periodic risk assessments of existing I&CM third parties, as well as the onboarding and evaluation of new I&CM third parties, in collaboration with I&CM Relationship Managers and other partners
- Facilitating timely remediation of gaps and issues related to I&CM third party risk management
- Developing, reporting and monitoring KRIs and critical metrics related to I&CM third party risk management and oversight
- Updating and maintaining documentation (including procedures and inventories) in support of I&CM third party risk management
- Contributing to the continuous improvement of I&CM's third party risk management process
- Collaborating with internal stakeholders and external third parties to promote consistent and effective application of third party risk management practices
- Utilizing risk management and AI tools and systems to support execution of third party risk management activities
- Manage the end-to-end process for processing contingent workers within I&CM, ensuring Corporate Policy/Standard compliance, efficient onboarding, and budget approvals
Benefits
- Comprehensive total rewards package to include competitive compensation and 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
