Senior Director Collateral Risk Management

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:

This position is part of the Single-Family Acquisitions Credit Risk Management department and supports the Vice President, Collateral Risk Management. The Senior Director will develop and drive appropriate collateral risk management strategies. Collateral strategies include, but are not limited to assessing property’s value, condition and marketability and align with Freddie Mac’s priorities to deliver on our Affordable Mission, Manage Risk, Develop Talent and Build Financial Strength.

Initial focus will include understanding Freddie Mac’s use of collateral models such as our automated valuation model. This leader will collaborate with key partners to establish appropriate processes, communications and controls that support Model Business Owners in compliance with new standards and policies.

The role will lead efforts to collaborate with other areas including business users (collateral policy and valuation team), modeling team of statisticians and economists, implementation teams, oversight groups, Fair Lending, and our regulator (FHFA).

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Our Impact:

The Single-Family Credit Risk Management proactively assesses and mitigates credit risk to achieve our mission while maintaining a prudent risk profile. We embrace innovation, implement risk management strategies and policies, and use our understanding of risks to support liquidity, stability and affordability in the purchase of single-family loans.

Your Impact:

• Support the VP in establishing and driving appropriate collateral risk strategy in alignment of Division and Enterprise strategy.
• Drive collaboration across collateral policy and valuations innovation, condo/coop policy and innovation, property insurance and climate risk teams to ensure appropriate monitoring and escalation of emerging risks and development and execution of timely and applicable response strategies.
• Initial focus will be to oversee the development and execution of the collateral model strategy and business use for Single-Family. This includes leading efforts to coordinate with key areas of the collateral modeling community to help ensure appropriate model risk management through a structured and disciplined approach in model development, testing, implementation and business use.

Qualifications:

• Bachelor's Degree or equivalent, with 15+ years of overall relevant experience, with 8+ years of management experience
• MBA in Finance, Business, related quantitative field or equivalent experience
• 10+years of experience, ideally in Collateral Risk Management and operating at or near the executive level
• 10+ years of experience in primary mortgage lending or with organizations providing mortgage lending products/services
• 10 years of deep understanding of automated valuation models and appraisals
• Experience in researching and developing collateral policy preferred
• Strong knowledge and experience with strategic use of models to drive business decisions across risk and profitability
• Ability to work effectively and collaboratively with diverse group of partners
• Ability to translate analytics into simple concepts for communicating with senior management audience
• Empower and inspire action through interpersonal skills
• Proven record of effective leadership, including the ability to balance team and individual responsibilities; build teams and consensus while working ethically and with integrity

Keys to Success in this Role:

• Maintaining high standards of work and technical excellence
• Excellent analytical skills and understanding of risk management
• Exhibits independent judgment, strong problem solving, deep analytical ability to identify, assess, and mitigate risks and to articulate same
• Confident speaker that is comfortable facilitating discussions with all levels of staff, including executives
• Passion for driving business, culture, and technology change in dynamic and complex operating environments

Current Freddie Mac employees please apply through the internal career site.

We consider all applicants for all positions without regard to gender, race, color, religion, national origin, age, marital status, veteran status, sexual orientation, gender identity/expression, physical and mental disability, pregnancy, ethnicity, genetic information or any other protected categories under applicable federal, state or local laws. We will ensure that individuals are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

A safe and secure environment is critical to Freddie Mac’s business. This includes employee commitment to our acceptable use policy, applying a vigilance-first approach to work, supporting regulatory mandates, and using best practices to protect Freddie Mac from potential threats and risk. Employees exercise this responsibility by executing against policies and procedures and adhering to privacy & security obligations as required via training programs.

CA Applicants:  Qualified applications with arrest or conviction records will be considered for employment in accordance with the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act.

Notice to External Search Firms: Freddie Mac partners with BountyJobs for contingency search business through outside firms. Resumes received outside the BountyJobs system will be considered unsolicited and Freddie Mac will not be obligated to pay a placement fee. If interested in learning more, please visit www.BountyJobs.com and register with our referral code: MAC.

Time-type:Full time

FLSA Status:Exempt

Freddie Mac offers a comprehensive total rewards package to include competitive compensation and market-leading benefit programs. Information on these benefit programs is available on our Careers site.

This position has an annualized market-based salary range of $208,000 - $312,000 and is eligible to participate in the annual incentive program. The final salary offered will generally fall within this range and is dependent on various factors including but not limited to the responsibilities of the position, experience, skill set, internal pay equity and other relevant qualifications of the applicant.