Investments & Capital Markets: Model Governance Manager

Freddie Mac•McLean, VA

8d•$143,000 - $215,000

About The Position

Freddie Mac’s Investments & Capital Markets (I&CM) Division supports liquidity and stability in the U.S. housing finance market through capital markets, portfolio management, and risk management activities. The Division Model Governance (DMG) team is a first line of defense function that partners with business, modeling, technology, and risk teams to promote effective model risk management throughout the model lifecycle. The Model Governance Manager is an individual contributor who works across capital markets, model governance, risk management, and project execution. The role partners with Model Business Owners (MBOs), Model Development Owners (MDOs), model users, technology, enterprise risk partners, and other stakeholders to execute model governance activities and lead cross-functional initiatives from planning through completion. The position helps stakeholders meet model risk requirements, strengthen transparency and accountability, and apply consistent governance practices while improving and streamlining processes.

Requirements

At least 8 years of experience in model governance, risk management, capital markets, or mortgage markets.
Undergraduate degree in Finance, Economics, Business, or a related field.
Strong understanding of capital and mortgage markets and model governance.
Demonstrated ability to independently lead complex, cross-functional projects from planning through execution.
Strong critical thinking, problem-solving, and organizational skills, with the ability to manage competing priorities.
Excellent communication and stakeholder management skills, with the ability to influence effectively at all levels.
Practical, solution-oriented mindset and sound judgment, initiative, and ownership focused on results.
Comfort navigating ambiguity, change, and competing priorities.
Clear and concise communication skills and ability to engage effectively at all levels.

Nice To Haves

Curiosity and willingness to leverage AI and emerging technologies to improve efficiency, insights, and model governance processes.

Responsibilities

Execute model governance activities in accordance with regulatory obligations, the Model Risk Policy and Standard, and related governance requirements.
Partner with MBOs and MDOs to support model tiering, model creation and retirement, annual assessments, and appropriate documentation.
Manage the model change pipeline and project plans, including milestones, timelines, dependencies, and stakeholder coordination.
Drive model changes through user acceptance testing (UAT), approvals, implementation, and deployment; address roadblocks and escalate issues as needed.
Drive timely remediation of model-related issues and findings by monitoring milestones, dependencies, and closure activities.
Coordinate with second-line risk partners, Internal Audit, and regulators to support oversight activities, reviews, and examinations.
Lead recurring model governance activities, including OGM planning and reporting, governance meetings, model user meetings, and model use confirmations.
Maintain accurate and complete model inventory and governance information in the Model Risk Tool.
Prepare clear and concise reporting on model governance activities, issues, and matters requiring management attention.
Identify and drive opportunities to improve and streamline model governance processes.
Build partnerships across I&CM, Enterprise Risk Management, Internal Audit, and other key stakeholders.