Job Location : Falls Church,VA, USA
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.
The Senior Director Collateral Risk Policy - Condo/Co-op will be responsible for collateral risk activities for the Single Family Acquisitions Business and report to the VP. This individual will establish efficient and effective processes to manage collateral risk associated with condominium and cooperative projects and will drive and implement the condo/coop collateral risk policies and strategy. The Senior Director will manage a team of employees. This person will regularly interact with leadership and with Freddie Mac's seller/servicers, other industry stakeholders and with FHFA on the effectiveness of SF collateral risk policies and performance.
The position can be based onsite in either McLean, VA or Plano, TX.
The Single-Family Credit Risk Management team 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.
Support the VP in establishing and driving appropriate collateral risk strategies for condominium and cooperative projects in alignment with Division and Enterprise strategy. Drive collaboration across policy, innovation and credit analytics teams, ensure appropriate monitoring and escalation of emerging risks and development and execution of timely and applicable response strategies.
Responsibilities include but are not limited to:
Qualifications:
Keys to Success in this Role:
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.
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.