Risk Appetite and Capital Manager
Traditional Asset Manager
Position OverviewSingle-Family (SF) Risk Appetite & Capital Manager
The Single Family (SF) Risk Appetite & Capital Manager role reports to the Single Family (SF) Risk Appetite & Capital Director in Credit Analytics & Reporting (CAR) team – which is part of SF Risk Management Division. The CAR team provides analytics for decision support and reporting to monitor performance for SF mortgage credit, quality control, and counterparty credit areas. This includes analytics for new product development, changes to credit policies, sampling for quality control, model performance evaluation, and regulatory reporting. The team includes business intelligence and reporting systems staff to enable usage of modern analytics tools for rapid consumption of Big Data sources.
As part of our evolution into three lines of defense, the Risk appetite and capital function is being built in the first line - transitioning from second line (Enterprise Risk Management).
• Develop Single Family Division's Capital Measurements
o Evaluate various approaches to capital measurements and ensure implementation in business decision making
o Compare regulatory capital to internal measures
• Manage Single Family Division's Risk Appetite framework
o Evaluate and manage SF risk appetite
• Review portfolio metrics across Loss Reserves, P&L Forecasts, Regulatory Capital, Internal Capital, and Transaction-level Return on Equity to identify any inconsistent approaches and assumptions.
o Assist in executing managers Significant User role of key models that drive capital (House Price and Costing models)
• Develop portfolio analytics to forecast key metrics for next 5 years, and assess key sensitivities to economic conditions and management actions.
• Review capital and portfolio reporting performed by Finance for impact to business decisions.
• Evaluate Disaster risks (Hurricanes, Earthquakes, Floods, and other natural disasters) and impact to portfolio.
• Prepare periodic briefing for senior management and formal risk/capital committeesQualifications
•8 years in Financial services industry performing analytical roles covering consumer credit risk over portfolios of several $billion. Typical experiences will cover credit risk reporting, forecasting, pricing, capital, underwriting.
•2 years of management experience
•Bachelor's / Master's degree in a quantitative field (typically Finance, Engineering, Business)
•Requires deep quantitative expertise to analyze distribution of risks through economic cycles, correlations, recoveries, counterparty impacts, default and interest rate risks
•Ability to use SAS, SQL, R or other programming languages to extract and process data; and work with model input/output files
•Requires strong ability to work closely with modelers to build, evaluate and use models with high degree of detailed understanding (for example, rating agency models)
•Regularly interacts with senior management on matters concerning several functional areas, divisions, and with regulators. Requires the ability to change the thinking of, or gain acceptance from, others in sensitive situations.
•Collaboration skills to work laterally across the companyPreferred Skills
•Structured credit risk evaluation (Analyzing cash flows of Senior/Sub securitizations)
•Mortgage industry experience of 2 years
•Strong written and verbal communication skillsToday, Freddie Mac makes home possible for one in four home borrowers and is one of the largest sources of financing for multifamily housing. Join our smart, creative and dedicated team and you'll do important work for the housing finance system and make a difference in the lives of others. Freddie Mac is an equal opportunity and top diversity employer. EOE, M/F/D/V.
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Freddie Mac was chartered by Congress in 1970 with a public mission to stabilize the nation's residential mortgage markets and expand opportunities for homeownership and affordable rental housing. Our statutory mission is to provide liquidity, stability and affordability to the U.S. housing market.