Freddie Mac

Counterparty Credit Risk Management, Associate II

McLean, VA Full time

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:

  • Review and assess counterparty risk associated with corporate transactions

  • Engage in financial due diligence activities of new and current non-depository financial institutions to assess the credit strength of counterparties conducting business with Freddie Mac

  • Performing risk assessments of current counterparties undergoing organizational changes (e.g., mergers, acquisitions)

  • Perform periodic management reporting and assist in developing presentations to senior management.

  • Implementing risk mitigation strategies and tracking and reporting of risk mitigation progress.

Our Impact:

  • Our team is responsible for managing and reducing Freddie Mac’s counterparty credit risk exposure to non-depository financial institutions

  • Ensure that counterparty risks are adequately evaluated, and that adverse portfolio and/or individual counterparty trends are identified in a proactive manner.

Your Impact:

  • Assess on an ongoing basis the creditworthiness of non-depository financial institutions through financial due diligence

  • Monitor and assess industry hot topics and trends impact on counterparty risk and corporate policies.

  • Assign internal counterparty ratings and document the corresponding rationale like a rating agency credit opinion.

  • Assist in periodic management reporting and presentations to senior management.

  • Manage and monitor internal counterparty risk exposures against limits.

  • Implementing risk mitigants to ensure compliance with stated requirements.

Qualifications:

  • BS/BA Degree in Accounting, finance, economics or 1+ years of related professional work experience in mortgage banking (asset based financing and correspondent lending), audit, corporate credit, risk management, or a related field

  • Excellent verbal and written communication skills.

  • Strong analytical and problem-solving skills with keen attention to detail.

  • Ability to work both independently and collaboratively.

Keys to Success in this Role:

  • ​Self-starter and take initiative and ownership of assignments

  • Good verbal and written communication skills

  • Ability to work independently and collaboratively

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 time

FLSA Status:Non-Exempt

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.

This position has an annualized market-based salary range of $76,000 - $114,000 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.