Operational Risk Senior Manager
Confirmed on the employer's own hiring board on Oct 20, 2026. First seen by Alion on Oct 5, 2026. Freddie Mac scores B on the Alion truth index.
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 eager to make an impact in a fast-paced, agile environment? Do you have strong experience in operational risk and controls, model risk, and reporting, along with analytical and interpersonal skills and knowledge of Single-Family Acquisitions (SFA) or mortgage markets?
If you are curious, passionate about learning, and customer-focused, apply for the Operational Risk Senior Manager to help lead SFA Risk Management.
Our Impact:
As part of Freddie Mac’s Single Family Acquisitions (SFA) organization, Operational Risk Management (ORM) drives consistency, transparency, and effectiveness in nonfinancial risk across multiple domains, including People, Reporting, Transaction and Execution, Information, Technology, Third Party, Operational Resiliency, Model, and Physical Security and Safety Risks. This role will focus on Model risk including Model Development, Implementation, Performance, Use, and Governance risks. The role will also support Artificial Intelligence (AI) risk assessments.
ORM integrates:
Risk and control evaluations across the Single Family Acquisitions Division
Management reporting
Coordination and escalation management
Your Impact:
As a SFA ORM Senior Manager, each workday is unique. Your impact will focus on the following key activities:
Evaluate and report on operational risks, controls, issues, and policies/procedures.
Document operational risks and controls as part of risk and control self-assessments.
Perform governance and oversight over model related issues.
Evaluate operational risk events related to models.
Support the business during Audits, Exams, and Process Design Reviews.
Escalate policy/standard non-compliance and at-risk timelines.
Manage and develop staff.
Evaluate applicability of corporate standards and FHFA directives against process risks and controls
Challenge status quo. Identify opportunities to improve and streamline processes, including reporting and process automation.
Periodically participate in operational risk-related projects that impact the SF Acquisitions division.
Qualifications:
Minimum 10 years of relevant experience with a minimum of 5-6 years of operational risk management and/or audit experience
Bachelor’s Degree or equivalent
Extensive experience with risks and controls with a focus on Model and AI risks and controls
Strong Proficiency in MS Office Suite (Excel, PowerPoint, Word, Outlook)
Relationship Management skills including influencing others, facilitating meetings, engaging partners, building relationship networks, and resolving conflict
Relevant professional certifications (PMP, CPA, CISA, CIA, etc.) are a plus
Keys to Success in this Role:
Results driven
Ability to motivate and inspire others.
Problem-solving, critical thinking, and analytical skills
Strong oral and written communication skills, including the ability to ask insightful questions
Naturally curious and passion for learning
Team player with a positive attitude
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.
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 $153,000 - $229,000 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.