Enterprise Third Party Risk Governance Manager (Hybrid - 3 Days in Office - VA)

evolving industry practices, and for reporting and monitoring of the third party specific risk profile. The Manager will assist the team with the development of framework, policies and standards, and related training. The role will collaborate with the divisions, ERM and other partners to ensure consistency with the overall operational risk framework and policies.

The Manager will work in collaboration with the business risk leads to oversee the implementation of the third party risk framework, policies, and standards in the business and monitoring adherence. You will assist the program with oversight of the third party risk type and have a view of the risk profile across the enterprise. You will also work with key partners to enable the development of the line of business risk profile, including supporting functions, across risk types. This role will assist the team with oversight of the 1st line Third party Program across all third party types to support understanding and monitoring of risk exposure, issues, and trends.

Our Impact:

We are the enterprise first line of defense team for Third Party Risk Management. We support our divisions and partners on all matters and activities related to operational risk management of third parties.

Your Impact:

In this role, you will be an integral part of the team and your work will fall into the following:

Process Management & Implementation

• Drive consistent implementation and adherence to the third party risk framework elements in the 1LOD (e.g., policies, standards, tools, etc.) across Freddie Mac (in conjunction with business-aligned risk partners, who act as the central point of contact for 1LOD)

• Provide guidance and direction to divisions on monitoring the performance of their Third Parties and facilitate the enterprise process to derive a Third Party Watchlist

• Provide guidance and direction to divisions on reporting risk attributes, data and metrics on third and fourth parties, culminating in the quarterly Enterprise Third Party Risk Report.

• Provide guidance to 1LOD on implementing and maintaining third party management processes, mitigating risks and implementing controls (in conjunction with business-aligned risk partners)

• Support development of third party domain risk framework, policies, risk appetite, and risk taxonomy. Collaborate with the divisions, second line and third line partners to ensure consistency with the overall operational risk framework, policies, and standards

• Support development of content for the required training for the lines of businesses and supporting functions (e.g. Finance) on third party risk management topics (e.g., framework, policies, emerging risks) and collaborate with the stakeholders as well as business-aligned risk partners to deliver it

• Establishing, supporting and promoting standard processes related to third party risk approaches

Subject Matter Advisory, Support & Training

• Support building of key relationships for the monitoring and assessment of identification, severity and remediation of high-risk third party issues across the enterprise

• Pursuing coalition building and advising business partners on the implementation of the Third Party framework to ensure adherence to 3rd Party policies, standards and procedures

• Coordinating efforts for developing, facilitating and delivering of training related to the Third Party Risk framework

• Communicate and support implementation of any third party risk reporting requirements within the lines of business in collaboration with key partners

• Monitor operational risk and optimizing approaches for third party risk reduction, interpreting results, evaluating third party risk profile impact, and identifying trends and emerging risks

Qualifications:

• Bachelor's degree in related field

• 7+ years of demonstrated ability in operational risk management at a large financial services institution(s)

• Knowledge of the third party management lifecycle and its overall business processes, controls and risk exposure (e.g., third party identification, selection, management, termination), and applicable laws and regulations

• Understanding of third party risks and management practices at large financial services institutions

• Solid understanding and experience with operational risk management, covering the full lifecycle of activities, including risk identification, assessment, mitigation, monitoring, and reporting

• Experience with providing effective challenge to the 1LOD with respect to operational risk (effectiveness execution in 2LOD capacity)

• Understanding of regulatory requirements and expectations related to operational risk management (e.g., FHFA)

• Ability to work effectively and collaboratively with diverse group of partners

• Ability to motivate and inspire action through interpersonal skills such as relationship building

• Proactive leadership and partnership

• Strong written and oral communication skills

• Strong business acumen and problem-solving ability

• Detail-oriented and strong organizational skill

Keys to Success in this Role:

• Strong critical thinking and problem-solving skills

• Produce concise and insightful reports/documents

• Proactive and has the ability to think holistically and creatively

• Growth mindset, embraces change and innovation

• Great teammate with a positive attitude

• Intellectual agility and interpersonal flexibility

• Deep curiosity to learn about new subjects

• Ability to work with and collaborate across the teams and where silos exist

• Proactive leadership and partnership

• Sense of urgency and able to apply risk-based approach to prioritize work

• Ability to adapt to change while continuing to deliver on assigned task

• Self-starter and self-motivated, able to work independently with limited direction

• Ability to communicate clearly and persuasively with partners and customers

Today, Freddie Mac makes home possible for one in four home borrowers and is one of the largest sources of financing for multifamily housing. Join our smart, creative and dedicated team and you'll do important work for the housing finance system and make a difference in the lives of others.

We are an equal opportunity employer and value diversity and inclusion at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, disability status or any other characteristic protected by applicable law. We will ensure that individuals with differing abilities 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.

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 https://www.BountyJobs.com and register with our referral code: MAC.

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

Today, Freddie Mac makes home possible for one in four home borrowers and is one of the largest sources of financing for multifamily housing. Join our smart, creative and dedicated team and you'll do important work for the housing finance system and make a difference in the lives of others.

We are an equal opportunity employer and value diversity and inclusion at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, disability status or any other characteristic protected by applicable law. We will ensure that individuals with differing abilities 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.

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 https://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 $124,000 - $186,000 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.