Operational Risk Manager

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:

Freddie Mac’s Single-Family Portfolio and Servicing (SFPS) division is seeking an Operational Risk Manager within the Single-Family Portfolio & Servicing (SFPS) Operational Risk Management (ORM) team. This individual will be an advocate and champion of the risk framework and policy - driving awareness, adoption and execution in the assigned business area and across the division. The Operational Risk Manager is a thought leader who develops and implements solutions to ensure material risks are proactively identified, assessed, documented and appropriately responded to.

Our Impact:

ORM supports the SFPS Division to ensure compliance with corporate operational risk policies and standards and by supporting department leadership in the drive and execution of strategy and objectives to help ensure efficient and effective execution of first line of defense (1LOD) operational risk processes and controls.

Your Impact: 

• Collaborate with leadership to drive effective risk management in a collaborative environment.

• Act as a governance, risk, and control expert, guiding risk management practices.
• Facilitate risk management practices. Including but not limited to identification, assessment, monitoring, mitigation, and reporting.
• Conduct annual and quarterly assessments to evaluate and identify operational and emerging risks.
• Manage the risks and controls framework, ensuring compliance and addressing gaps.
• Build partnerships with stakeholders to influence strong risk management outcomes, including Enterprise Business Risk & Control Office (EBRCO), Internal Audit, Enterprise Risk, and SOX/Finance.

Qualifications:

• Bachelor's Degree or equivalent experience with 8+ years in relevant fields, including 5+ years in operational risk, compliance, or audit.
• Professional certifications (e.g., CPA, CIA, CFE, CISA, PMP, CISSP) are preferred but not required.
• Experience in the financial services or mortgage industry is desirable.
• Strong verbal and written communication skills for conveying complex topics clearly.
• Demonstrated ability to maintain high quality and accuracy standards while independently managing multiple projects in a fast-paced environment.

Keys to Success in this Role:

• Self-motivated and energetic with strong organizational and time management skills.

• Execution-oriented, demonstrating initiative and personal accountability in a dynamic working environment.
• Critical thinker with problem-solving skills, exploring AI tools for efficiency.
• Ability to analyze complex issues and distill critical components.
• Proven collaboration skills, building trusted relationships with all levels, including Officers and Directors.
• Effective communicator, capable of conveying complex topics succinctly and facilitating large group discussions.
• Customer-focused with strong interpersonal skills.

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 $125,000 - $187,000 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.