Enterprise Operational Risk Lead

Making Home Possible Through Risk Leadership

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. We're seeking an Enterprise Operational Risk Lead to join the Enterprise Business Risk and Control Office (EBRCO) and contribute to this greater purpose.

About the Role

Are you passionate about operational risk management and ready to make an impact in the mortgage finance industry? In this position, you'll support the Director in implementing and maintaining consistent operational risk practices across divisions. You'll work closely with both first and second line teams to strengthen risk identification, assessment, monitoring, and governance.

The EBRCO team drives the consistent application of operational risk practices across the enterprise, enhancing risk transparency and governance. We collaborate with first line risk and control teams and second line governance functions to ensure alignment with the Enterprise Risk Framework, policies, and regulatory expectations.

What You'll Do

You'll support the Director in implementing operational risk practices, including executing material non-financial risk assessments and producing the Enterprise non-financial risk profile. Your work will involve partnering with first line risk and control teams to embed risk practices, promote transparency, and facilitate timely risk identification and mitigation.

You'll develop and maintain operational risk templates, job aids, and documentation to drive consistency across divisions. This includes assisting in RCSA quality reviews and conducting thematic risk assessments to identify emerging risks or control weaknesses. Coordinating with Enterprise Risk Management (second line) to align risk methodologies and reporting standards will be essential to the role.

Supporting risk aggregation reporting, trend analysis, and escalation of material issues or emerging risks to governance forums represents a key part of your responsibilities. You'll collaborate on the design and enhancement of risk tools and technology solutions, contribute to the development of metrics, templates, and governance routines to standardize reporting practices, and participate in risk culture initiatives, training, and communications to enhance awareness and accountability.

Driving continuous improvement and simplification of risk practices, tools, and governance routines will be an ongoing focus as you work to strengthen risk management across the organization.

What We're Looking For

You'll bring 8+ years of experience in operational and/or compliance risk management, enterprise risk management, or related fields within financial services. You should have experience supporting cross-functional initiatives and working collaboratively across teams, with a strong understanding of risk frameworks (RCSA, control frameworks, monitoring, etc.) and regulatory expectations.

Excellent analytical, problem-solving, and communication skills are essential, including the ability to present complex content clearly. You'll need experience developing or maturing risk frameworks and implementing consistent practices. A Bachelor's degree or relevant work experience is preferred.

Keys to Success in This Role

You'll bring strategic and critical thinking with strong execution discipline. The ability to leverage data to inform risk perspectives and skill in translating risk concepts into business-relevant insights will set you apart. Strong relationship-building and stakeholder engagement abilities, combined with effective communication, documentation, and presentation skills, are critical. Your commitment to fostering a proactive risk culture will help drive meaningful change across the enterprise.

Compensation and Benefits

This position offers an annualized market-based salary range of $126,000 - $188,000 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 the responsibilities of the position, experience, skill set, internal pay equity, and other relevant qualifications. Freddie Mac offers a comprehensive total rewards package to include competitive compensation and market-leading benefit programs.

Position Details

This is a full-time, exempt position based in Dallas, TX. 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.

Freddie Mac makes homeownership and rental housing more accessible and affordable. Operating in the secondary mortgage market, we keep mortgage capital flowing by purchasing mortgage loans from lenders so they in turn can provide more loans to qualified borrowers. Our mission to provide liquidity, stability, and affordability to the U.S. housing market in all economic conditions extends to all communities from coast to coast. 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.