Lead, 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 member of the second line of defense, you will help strengthen model governance and model risk management practices across the enterprise. You will partner closely across Enterprise Risk, model owners, model developers, model validators, and business divisions to support effective governance over the model lifecycle. The position offers strong visibility, meaningful influence on enterprise outcomes, and the opportunity to enhance model governance processes, data, reporting, and model risk management systems 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 soundness Monitor and report on the risk and control profile, model risk appetite, and performance of risk indicators and metrics against thresholds and limits Communicate enterprise-wide model risk management issues and validation findings and monitor effective and timely issue/finding resolution Provide timely and independent oversight and effective challenge of the company’s model risk management practices Execute 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 risks Your Impact: Support second-line governance and oversight of the enterprise model risk management framework across the full model lifecycle, including development, implementation, use, monitoring, change management, and retirement. Partner with model owners, developers, validators, and business stakeholders to promote consistent application of model governance policies, standards, procedures, and requirements. Execute core model governance activities, including model identification, tiering, inventory maintenance, change assessments, periodic reviews, and retirement processes. Prepare model governance reporting, management information, and metrics for senior management and risk committees. Monitor adherence to governance requirements, identify trends and emerging concerns, and escalate observations to management as appropriate. Maintain and enhance model governance data, including inventory attributes, workflow data, documentation records, and reporting inputs. Serve as intent owner for the Model Risk Technology system, supporting ongoing maintenance and ensuring the platform continues to meet business, governance, and methodology needs. Lead stakeholder engagement across the first, second, and third lines of defense to gather input, manage expectations, and support effective implementation of governance processes and system changes. Validate system and process enhancements through demos, user acceptance testing, feedback loops, and stakeholder engagement. Lead quality assurance activities to assess conformance with applicable policies, standards, procedures, and governance requirements. Identify and implement opportunities for continuous improvement, automation, and efficiency to streamline governance execution, reduce manual effort, and strengthen process sustainability. Support the development, maintenance, and communication of model risk governance policies, standards, procedures, and guidance. Qualifications: Typically 8+ years of experience in model risk management, model governance, model development, model validation, or related risk management functions within a large, complex financial institution Bachelor’s degree required in finance, economics, mathematics, statistics, engineering, computer science, data science, business, or a related field; advanced degree preferred Understanding of model risk management principles and regulatory expectations applicable to financial institutions, including second line of defense governance responsibilities Experience supporting model governance activities across the model lifecycle, including model inventory management, model change governance, model documentation, model monitoring, and model retirement Knowledge of model governance practices for a range of model types used in financial services, including statistical, econometric, forecasting, decision, and other quantitative models Experience working with model governance data, model inventories, reporting, and management information used to support oversight and decision-making Experience using or supporting Model Risk Management tools or systems, including workflow management, data quality review, reporting, and process improvement activities Experience contributing to business requirements, testing activities, user acceptance testing, or implementation support for governance tools and system enhancements Strong analytical, organizational, and problem-solving skills with attention to detail and the ability to manage multiple priorities effectively Strong verbal and written communication skills with the ability to communicate clearly with business partners, risk partners, and senior stakeholders Keys 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 Audit Ability to communicate effectively and efficiently Expertise and authority to maintain independence, critically review, and provide effective challenge of the company’s stress testing and capital management practices and credit risk transfer activities Ability to prioritize across multiple competing tasks, manage teams effectively, and deliver timely, high-quality, and well-documented oversight outcomes Strong organization skills, analytical mindset, and ability to work in a fast-paced environment against tight deadlines Remain current on the latest financial risk management developments, regulations, and industry trends 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 and register with our referral code: MAC. Time-type:Full time FLSA Status: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 $122,000 - $184,000 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.