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.

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.

Typically 8+ years of experience in model risk management, model governance, model development,