Portfolio Risk Lead - Servicing

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:We are seeking a Portfolio Credit Risk Lead for Single Family Portfolio & Servicing. This role sits at the center of Freddie Mac’s enterprise financial risk oversight, shaping how the company anticipates, measures, and manages Single-Family (SF) credit risk across the economic cycle. You will translate macroeconomic and industry trends to provide context for SF portfolio performance.As an independent risk leader, you’ll provide effective challenge to business risk management, strengthen risk governance and utilize your broad experience in all aspects of mortgage loan servicing and the related credit risks. You’ll partner closely across Enterprise Risk, Internal Audit and the business to monitor key risk indicators, identify emerging risks, assess new initiatives and policy changes, and evaluate portfolio strategies such as loss mitigation and liquidation approaches.Our Impact:The Financial Risk team within the Enterprise Risk Division is responsible for oversight and effective challenge of the company’s most important risks. Together, we:Establish governance, policies, and standards that define how the company manages financial risks to support safety and soundnessMonitor and report on the risk and control profiles, financial risk appetite, and performance of risk indicators and metrics against thresholds and limitsCommunicate enterprise-wide risk management issues and emerging risks and monitor effective and timely issue resolutionProvide timely and independent oversight and effective challenge of the company’s financial risk management practices and risk-taking activitiesYour Impact:Build strong partnerships with Single-Family counterparts and across Enterprise Risk ManagementMonitor KRIs and other risk metrics to measure credit risk exposure impacted by servicing activities; monitor performance against risk appetite thresholds and identify key driversMonitor industry and macroeconomic conditions; monitor trends, developing issues and emerging risksParticipate in or lead independent oversight and assessment of Single-Family Portfolio & Servicing policy and servicer performance activitiesConduct risk assessments including Process, Risk & Control (PRC) reviews; coordinate GRC monitoringReview SF New Products/New Initiatives, Significant Changes and FHFA Directives for credit risk exposure and downstream impactsReview and assess SF Servicing Policy changes and issued Terms of Business for credit exposureMonitor Single Name Servicer oversight, monitor monthly servicer scorecards, review scorecard methodology changesProvide focused analysis on Top 25 SF Servicer performance, monitor CRR Servicing Risk ScoresAttend Seller/Servicer Forum and Third-Party Risk oversight meetingsMonitor Transfers of Servicing (TOS) and VPC transfersParticipation in Contingency planning activities with the business, Operational Risk and Counterparty Risk stakeholdersReview servicer capacity strategy and provide assessment on planned capacity vs portfolio delinquency trendsProvide oversight of SQA & Remedy results, provide SQA Annual Plan Assessment and Annual Flood Insurance ReviewComplete reviews of 1L SFPS policies and procedures for compliance with corporate risk policies.Monitor compliance with corporate risk policies, standards and Compliance Obligations governing portfolio consumer credit risk management activitiesReview and maintain departmental policies and proceduresSupport ongoing reporting and assessments to managementCoordinate Internal Audit and FHFA Targeted Exams for SF Policy & Servicing activitiesPerform other ad-hoc risk analysis as neededQualifications:8 + years of experience at a large mortgage servicer or in a servicing area of a GSE or HUD8 + years of experience in risk management within a large financial institutionAbility to provide independent risk assessments with limited supervisionExperience with process, risk and controls reviews and assessmentsIn-depth knowledge of the loan lifecycle of a SF mortgage; knowledge of performing and default management, including bankruptcy, foreclosure and REO managementKnowledge of borrower behavior, federal regulations related to real estate and collections, and collateral valuationKnowledge of GSE Guide requirements, including insurance, title and escrowWorking knowledge of structured finance, investor reporting and disclosures, ability to anticipate downstream impacts and possible obstacles due to policy or program changesExperienced in credit policy developmentKeys to Success in this Role:Ability to maintain up-to-date knowledge of macroeconomic conditions, industry trends and emerging risksStrong interpersonal and communication skills, ability to work across risk teams and first- and third-line counterpartsAbility to work under pressure effectively to resolve issues and meet deadlines in a dynamic environmentAttention to detail, ability to produce timely, high-quality and well-documented oversight outcomesStrong organizational skills, willingness to learn adjacent areas of the businessCurrent 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 and register with our referral code: MAC.Time-type:Full timeFLSA Status:ExemptFreddie 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 $130,000 - $196,000 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.Job SummaryJob number: JR16976Profession: Risk Management