Investments & Capital Markets Risk & Governance Associate (Third Party Risk Mgmt.)

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 looking for a chance to create a substantial impact to a program supporting Freddie Mac's core mission? Are you someone who collaborates well with various partners, displays excellent communication skills, and can quickly adapt to a continuously evolving environment? On the Investment & Capital Markets (I&CM) Third Party Risk Management team, we partner with I&CM Third Party Relationship Managers and Officers to identify, assess, and mitigate risks associated with third-party engagements.

Our Impact:

This position will support 1st line of defense (1LOD) third party risk management activities for the Investments & Capital Markets (I&CM) division, including trading, back office, technology and modeling functions. The successful candidate will be responsible for developing their subject matter knowledge in and performing I&CM’s third party risk oversight 1LOD strategy and framework.

Your Impact:

• Identifying, monitoring and managing risks associated with I&CM third parties

• Responsible for completion of periodic risk assessments of existing I&CM third parties, as well as the onboarding and evaluation of new I&CM third parties, in collaboration with I&CM Relationship Managers and other partners

• Facilitating timely remediation of gaps and issues related to I&CM third party risk management

• Developing, reporting and monitoring KRIs and critical metrics related to I&CM third party risk management and oversight

• Updating and maintaining documentation (including procedures and inventories) in support of I&CM third party risk management

• Contributing to the continuous improvement of I&CM's third party risk management process

• Collaborating with internal stakeholders and external third parties to promote consistent and effective application of third party risk management practices

• Utilizing risk management and AI tools and systems to support execution of third party risk management activities

• Manage the end-to-end process for processing contingent workers within I&CM, ensuring Corporate Policy/Standard compliance, efficient onboarding, and budget approvals

Qualifications:

• 0-2 years of related professional experience

• Bachelor's degree or equivalent experience

• Knowledge of third party risk management

• Experience assessing operational risk and internal control environments

• Strong organizational skills and the ability to balance multiple assignments

• Strong written and verbal communication and presentation skills

• Ability to develop effective partnerships across the firm

• Knowledge of secondary mortgage market