Portfolio Risk Management Senior Business Lead

Freddie Mac•McLean, VA

1d•$154,000 - $230,000

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 Are you an innovative risk leader who wants to make an impact? Are you interested in applying your passion, talent, and ambition to support affordable and sustainable housing for families in communities nationwide? Join the Enterprise Risk Division as a Portfolio Risk Management Senior Business Lead! Our Impact: The Portfolio Risk Management Senior Business Lead conducts Enterprise Risk counterparty risk analytics, governance, and oversight for Freddie Mac’s Single-Family (SF) and Multifamily (MF) mortgage portfolios. The role assesses, monitors, and communicates risks related to mortgage insurers (MIs), seller/servicers (S/S), banks, and other SF/MF counterparties—combining financial analysis, portfolio surveillance, market monitoring, and transaction-driven risk assessments to support risk appetite, approvals, and senior management decision-making. Your Impact: Counterparty Risk Analytics & Oversight Lead counterparty‑focused risk analysis for SF/MF portfolios, with primary responsibility for mortgage insurers, reinsurers, and/or seller/servicers. Lead assessment of counterparty financial strength, including liquidity, earnings, funding profile, capital adequacy, profitability, risk indicators, and qualitative risk factors, and evaluate potential impacts to counterparty credit risk. Perform counterparty risk attribution and trend analysis to explain changes in counterparty exposures, risk profiles, and concentrations over time. Lead or provide independent risk assessments for transaction-driven counterparty matters, including mergers and acquisitions, significant initiatives, and Freddie Mac’s new or expanded counterparty activities. Support counterparty onboarding and approval workstreams, including coordination across stakeholders and ensuring required artifacts are complete for decisioning. Review and provide risk assessments for methodologies and frameworks used for counterparty risk management such as counterparty exposures or counterparty ratings. Ongoing Counterparty Surveillance Design and maintain ongoing counterparty monitoring frameworks, including financial metrics, performance indicators, and early‑warning signals for SF/MF counterparties. Identify, assess, and clearly articulate emerging counterparty risks, including deterioration in financial condition, structural vulnerabilities, or adverse market developments. Provide timely, decision-relevant risk insights to support proactive risk management actions. Escalate material counterparty concerns, mergers and acquisitions, limit breaches, or governance issues to senior risk leadership, and support CRO- and committee-level visibility as needed. Cross‑Functional Collaboration Partner closely with Single‑Family, Multifamily and Counterparty Credit Risk teams to ensure alignment of data, analytics, and risk messaging. Work closely with other Enterprise Risk teams, including Credit, Model Risk, Compliance, and Third-Party Risk Management, to support end-to-end risk governance across credit, capital, model, and regulatory dimensions.

Requirements

10+ years of experience in counterparty credit risk and mortgage credit risk, with demonstrated expertise in counterparty financial analysis (capital adequacy, liquidity, earnings sustainability, funding structures, and stress performance) across financial institutions and non-bank counterparties.
Strong business and risk knowledge of mortgage insurers (MIs), reinsurers (RIs), and/or seller/servicers, including operating models, regulatory frameworks, capital regimes, and performance drivers across market cycles (preferred).
Quantitative degree preferred in finance, economics, mathematics, statistics, or a related field; master’s degree or professional certifications (e.g., FRM, CFA) a plus.
Strong decision-making skills, with the ability to work effectively under pressure to resolve critical issues.
Excellent verbal and written communication skills, with the ability to communicate complex information to a variety of audiences (including senior management and regulators) in a clear and actionable manner.
Experience analyzing complex financial data and using risk management and financial analysis tools (e.g., Python, R, Excel) a plus.
Lead and mentor a team of analysts focused on counterparty and portfolio risk analytics.
Promote strong analytical judgment, sound risk reasoning, and clear executive‑level communication.
Drive continuous improvement in counterparty risk frameworks, policy standards, assessment documentation, and controls.

Responsibilities

Lead counterparty‑focused risk analysis for SF/MF portfolios, with primary responsibility for mortgage insurers, reinsurers, and/or seller/servicers.
Lead assessment of counterparty financial strength, including liquidity, earnings, funding profile, capital adequacy, profitability, risk indicators, and qualitative risk factors, and evaluate potential impacts to counterparty credit risk.
Perform counterparty risk attribution and trend analysis to explain changes in counterparty exposures, risk profiles, and concentrations over time.
Lead or provide independent risk assessments for transaction-driven counterparty matters, including mergers and acquisitions, significant initiatives, and Freddie Mac’s new or expanded counterparty activities.
Support counterparty onboarding and approval workstreams, including coordination across stakeholders and ensuring required artifacts are complete for decisioning.
Review and provide risk assessments for methodologies and frameworks used for counterparty risk management such as counterparty exposures or counterparty ratings.
Design and maintain ongoing counterparty monitoring frameworks, including financial metrics, performance indicators, and early‑warning signals for SF/MF counterparties.
Identify, assess, and clearly articulate emerging counterparty risks, including deterioration in financial condition, structural vulnerabilities, or adverse market developments.
Provide timely, decision-relevant risk insights to support proactive risk management actions.
Escalate material counterparty concerns, mergers and acquisitions, limit breaches, or governance issues to senior risk leadership, and support CRO- and committee-level visibility as needed.
Partner closely with Single‑Family, Multifamily and Counterparty Credit Risk teams to ensure alignment of data, analytics, and risk messaging.
Work closely with other Enterprise Risk teams, including Credit, Model Risk, Compliance, and Third-Party Risk Management, to support end-to-end risk governance across credit, capital, model, and regulatory dimensions.