Operational Risk professional (SOX Audit)

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:

The Finance Risk and Controls Testing team is seeking a highly motivated Operational Risk professional to join our growing team for non-IT SOX control testing. As a member, you are responsible for auditing the non-IT SOX controls over financial reporting to ensure compliance with the Sarbanes-Oxley Act Our testing covers business segments: Multifamily, Single Family and Investments & Capital Markets. The assessments cover a combination of process & entity level controls, and controls within accounting and operational processes that collectively provide comfort over financial reporting at Freddie Mac.

Our Impact:

Our team is responsible for the SOX framework and testing for Freddie Mac. We evaluate the effectiveness of Internal Controls over Financial Reporting based on the review of design and operating effectiveness of controls by working closely with management and external auditors.

Your Impact:

In this role, you will be an integral part of the manual testing team and will be expected to do the following:

• Maintain a current understanding of Sarbanes-Oxley (SOX) requirements, PCAOB Standards, and relevant accounting and regulatory guidance (including Generally Accepted Accounting Principles).
• Develop and maintain positive and collaborative relationships with the business area team members and management, and with external auditors.
• Perform walkthroughs of the key processes and obtain in depth understanding of the risks over financial statements and related disclosures
• Perform design and operating effectiveness assessments of the controls over financial statements and related disclosures
• Coordinate and track testing requests and ensure timely receipt of supporting documentation.
• Prepare clear, complete and well-supported detailed workpapers documenting procedures and assessment performed, testing results and conclusions.
• Identify and document deficiencies in control design and operating effectiveness.
• Lead meetings and communicate testing results, issues, and observations with business area
• Perform status and analysis to management on SOX testing progress, issues and remediation efforts.
• Perform ad hoc projects and support team initiatives, as needed.

Qualifications:

• Typically has 2 to 4 years of experience, including previous experience in public accounting, risk management or internal audit; other relevant experience may be considered.
• A strong technical knowledge of Generally Accepted Accounting Principles (GAAP), Generally Accepted Auditing Standards (GAAS), PCAOB standards, and Sarbanes Oxley/Internal Controls over Financial Reporting (ICFR). Experience in SOX control testing (manual testing) preferred.
• Bachelor’s degree in Accounting, Finance or related discipline or equivalent experience is preferred.
• CPA and/or CIA certification preferred
• Strong data analytics skill using the latest tools.
• Proficiency in audit methodology and risk/controls assessments.
• Demonstrated ability to effectively prioritize tasks/projects and manage competing deadlines.
• Demonstrated ability to build and maintain professional relationships and effectively collaborate with business areas and other stakeholders.
• Demonstrated ability to work in a team environment and contribute to team objectives.
• Strong written and verbal communication skills.
• Understanding of the financial services industry and the secondary mortgage markets.

Key to Success in this Role:

• Quick learner - must demonstrate the ability to understand complex processes, risks, and controls within short timeframes and effectively prioritize competing deadlines.
• Solid understanding of technical accounting, financial reporting and internal controls over financial reporting, including valuation of complex financial instruments.
• Ability to translate complex technical/accounting concepts into clear, concise, and stakeholder-friendly communication.
• Ability to effectively manage multiple tasks and deadlines, while maintaining high-quality and accuracy of deliverables.
• Self-motivated and demonstrates accountability and ownership, taking pride in the results of their efforts.
• Applies professional skepticism and critical thinking when assessing control design, execution, and supporting evidence.
• Strong attention to detail with a focus on completeness and accurate documentation.

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

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.