Operational Risk & Controls Senior

Freddie Mac•McLean, VA

2d•$96,000 - $144,000•Onsite

About The Position

This role is in Governance and Business Services (GBS) and is part of 1st Line within the Multifamily Division at Freddie Mac in McLean, VA. GBS leads the division in managing operational risk, in compliance with the Corporate Enterprise Risk Management framework. As an Operational Risk & Controls Senior in GBS, you will support Multifamily Process Owners in managing third-party supplier risk by using an integrated approach to operational risk frameworks, collaborating with the 2nd line, 3rd line, and other business lines counterparts. You will engage with key business process owners to assess and monitor inherent risks associated with suppliers, ensuring compliance with regulatory standards and internal controls. This role also offers an excellent opportunity to gain insight into our Multifamily business. The responsibilities are time-sensitive and carry a high level of visibility both within the Multifamily division and across the company. Our team leads third-party risk management for the Multifamily division, serving as trusted advisors to business process owners. We ensure compliance with all corporate third-party risk policies, standards, and procedures, and proactively partner with stakeholders across all three lines to assess and mitigate supplier risks. We oversee the identification and resolution of supplier risk findings, addressing vulnerabilities to enhance organizational resilience. Our remediation monitoring program ensures timely and effective management of supplier risk issues. By providing expert guidance and fostering a strong risk management culture, we help our business partners understand and address the risks associated with supplier engagements.

Requirements

Bachelor's Degree or equivalent with 5+ years of related work experience, such as in Risk Management, Internal Audit and/or External Audit
Experience in third-party risk management preferred
Familiar with Third-Party Risk management or Operational Risk Management concepts
Effective project management, communication, and presentation skills to work effectively with various levels of leadership
Strong Excel, PowerPoint and SharePoint skills

Nice To Haves

Curiosity and interest in learning the Multifamily business
Drive to understand and apply the third-party risk management framework to mitigate, monitor and control risk for Freddie Mac
Taking ownership to drive results in delivering high-quality and timely products
Ability to work independently with minimal direction, prioritize tasks, and manage projects and assessments effectively
Work collaboratively across multiple teams, channels, and reporting lines with a high level of energy, creativity, flexibility and dedication
Explore and use Artificial Intelligence tools and techniques to automate processes and improve team efficiency
Problem-Solving and advanced excel skills a plus

Responsibilities

Conduct third party inherent risk assessments by collaborating with business partners and engaging Subject Matter Experts to identify supplier risks.
Oversee remediation of supplier control gaps by partnering with contract owners, driving management and dissolution of supplier risk findings.
Facilitate the development of supplier contingency plans to prevent disruptions from affecting key Multifamily business processes.
Support the team in performing third party reconciliations, metrics monitoring, management reporting, and meeting corporate requirements.
Provide information and support to business stakeholders regarding third party risk management best practices and risk mitigation strategies.