Director Enterprise Model Risk Governance

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:This role sits at the center of Freddie Mac’s enterprise model risk oversight, shaping how the company manages model risk across the business lines.As a people manager, you’ll strengthen model governance and model risk management. You’ll partner closely across Enterprise Risk including Financial Risk and Non-Financial Risk areas, and the business divisions to manage model risk. The position offers high visibility, meaningful influence on enterprise outcomes, and the opportunity to innovate in model and AI/ML governance, risk system build-out, and risk control optimization while developing and leading talent in a fast-paced environment.Our Impact:The Enterprise Model Risk (EMR) team within the Enterprise Risk Division is responsible for oversight and effective challenge of the company’s model risk.Together, we:Establish governance, policies, and standards that define how the company manages model risk to support safety and soundnessMonitor and report on the risk and control profile, model risk appetite, and performance of risk indicators and metrics against thresholds and limitsCommunicate enterprise-wide model risk management issues and validation findings and monitor effective and timely issue/finding resolutionProvide timely and independent oversight and effective challenge of the company’s model risk management practicesExecute an integrated oversight plan in collaboration with Financial Risk and other Non-Financial Risk areas to support the Chief Risk Officer in providing senior management and the Board with an enterprise view of risksYour Impact:Director, Enterprise Model Risk Governance, an influential leader at Freddie Mac, you will:Provide second line of defense governance and oversight across the enterprise model risk management frameworkLead model governance activities to promote consistent application of model risk policies, standards, procedures, and governance requirements across business linesPartner with model owners, model developers, validators, and risk partners to support sound model lifecycle management, including model development, implementation, use, change management, performance monitoring, validation, and retirementSupport the development of model risk management tools and systems by partnering with business, technology, and operations teams on business requirements, workflow design, user acceptance testing, and implementation readinessContribute to enhancements in model risk systems, workflows, and reporting capabilities to improve transparency, traceability, and oversight effectivenessBuild strong partnerships with first line counterparts and across Enterprise Risk to strengthen model risk management practices and governance outcomesMonitor industry trends, regulatory developments, and emerging practices in model risk management and AI/ML governance to inform program improvementsIdentify opportunities for streamlining, optimizing and automating model risk processes and controls.Develop, coach, and lead team members while fostering a culture of accountability, collaboration, and continuous improvementQualifications:At least 12 years of experience in model risk management, model governance, model validation, quantitative risk management, or related functions within a large, complex financial institutionBachelor’s degree required; Master’s degree preferred in finance, economics, engineering, data science, or a related fieldProven leader with a track record of building, leading, and scaling high performing teams in complex organizationsStrong understanding of model risk management principles and regulatory expectations, including SR 11-7, 26-2 and FHFA model ABDemonstrated experience in second line of defense model governance or model risk oversight within the financial services industryStrong knowledge of model lifecycle practices, including model development, implementation, use, performance monitoring, change management, validation, and model retirementExperience working with model risk management tools or systems, including business requirements development, workflow design, user acceptance testing, implementation support, or product ownership responsibilitiesUnderstanding of key model types used in financial institutions, such as credit risk, loss forecasting, capital, valuation, pricing, fraud, underwriting, or decision modelsAbility to provide effective challenge and independent oversight while building constructive partnerships with first line business and modeling teamsExperience supporting governance forums, management reporting, and communication of model risk issues to senior stakeholdersFamiliarity with model risk systems, governance workflows, and enterprise model risk managementStrong leadership, decision-making, and organizational skills, with the ability to manage multiple priorities in a fast-paced environmentExcellent verbal and written communication skills with the ability to communicate complex model risk concepts clearly to a variety of audiences, including senior management and regulatorsKeys to Success in this Role:Effective collaboration to build trust and increase efficiency across the three lines, including the business and Finance Divisions, Enterprise Risk Division, and Internal AuditAbility to communicate effectively and efficientlyAbility to prioritize across multiple competing tasks, manage teams effectively, and deliver timely, high-quality, and well-documented oversight outcomesStrong organization skills, analytical mindset, and ability to work in a fast-paced environment against tight deadlinesRemain current on the latest financial risk management developments, regulations, and industry trendsCurrent 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 $162,000 - $242,000 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: JR17580Profession: Risk Management