Multifamily Financial Crimes Senior - Lender Oversight Activities

Freddie Mac • Dallas, TX

22d • $131,000 - $197,000 • Onsite

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. Continue your career journey where your work contributes to a greater purpose.
The Technology & Operational Risk department within the Multifamily Division is seeking a proactive and Bank Secrecy Act (“BSA”)-aware Multifamily Financial Crimes Senior. This role focuses on the oversight of Freddie Mac Multifamily Seller/Servicers as they relate to their Anti-Money Laundering (“AML”) responsibilities. The position requires strong partnership with Multifamily’s Counterparty Risk and Compliance (“CRC”) team, acting as a subject matter expert on BSA requirements, Freddie Mac Multifamily Seller/Servicer Guide requirements, BSA program implementations, and general BSA best practices for Lenders in the Multifamily space. Reporting to the Multifamily Financial Crimes Governance Manager, the Senior – Lender Oversight Activities position will be an integral part of the team responsible for tracking Lender metrics, providing input to Lender audits, collaboratively working to develop Lender audit testing, and maintaining Lender risk ratings based on Financial Crimes findings. The position requires close collaboration across the Multifamily Division, Single Family Division, and Enterprise Risk Management to ensure adherence to financial crimes regulations and laws. This role can be located onsite in either McLean, VA or Plano, TX.

Requirements

• Bachelor’s Degree in Criminal Justice, Finance, Business Administration, or a related field or equivalent experience; with 5+ years of relevant experience.
• 1-2 years of experience in the mortgage industry, with a strong focus on multifamily properties, demonstrating an understanding of their operations and financial dynamics is desired. Experience in financial crimes is a plus.
• 1-2 years of experience in a BSA/AML oversight function, such as Compliance or Audit testing, program management or technology integration.
• Strong skills in regulatory compliance analysis; adept at identifying patterns and inconsistencies and performing root cause analysis.
• Proficiency in Microsoft Word, PowerPoint, and Excel (including V-lookups, pivot tables, and data filtering).

Nice To Haves

• Preferred experience with regulatory compliance and testing, related to BSA/AML or Office of Foreign Assets Control frameworks, to include financial crimes program management and interfacing with regulators and auditors.
• Strong organizational skills and attention to detail with experience adhering to high standards of accuracy and quality within time constraints
• Aptitude to self-manage, recognize priority, and address tasks in a timely manner
• Adept in analyzing complex data and summarizing findings clearly
• Ability to develop and maintain trusting relationships with internal partners, senior leaders, and colleagues involved in cross-functional projects
• Discretion in handling sensitive information, preserving confidentiality
• Proactive, forward-thinking, and intellectually curious

Responsibilities

• Track Seller/Servicer metrics specific to tip intake, loan inflows, suspicious activity report filings, watchlist hits, investigations, etc. to build a comprehensive risk profile that drives future due diligence efforts for each Seller/Servicer.
• Provide insights to Multifamily’s CRC Audit team ahead of Seller/Servicer audits to ensure the Financial Crimes portions of those audits reflect the risk profile of the specific Seller/Servicer.
• Advise Multifamily’s CRC Audit team as a BSA/AML subject matter expert and offer feedback on potential observations, findings, remediation plans and Seller/Servicer responses.
• Develop and maintain pertinent testing processes and focal points for Financial Crimes related portions of Multifamily’s CRC Audit functions.
• Conduct independent assessments of Seller/Servicer BSA/AML functions, analyze data to identify patterns of risk across the entire Seller/Servicer population and make recommendations to update the Guide or internal controls to minimize Financial Crimes risks.
• Participate in the creation and delivery of training materials and presentations, sharing knowledge on BSA/AML processes, red flags, and compliance measures with Multifamily Seller/Servicers.
• Work within established processes to prioritize tasks and achieve successful outcomes across multiple assignments concurrently.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level