Investments & Capital Markets: Model Governance Manager at Freddie Mac in McLean, VA

Job description

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: Freddie Mac’s Investments & Capital Markets (I&CM) Division plays an important role in supporting liquidity and stability in the U.S. housing finance market through its capital markets, portfolio management, and risk management activities. Division Model Governance (DMG) team is a first line of defense function that partners across business, modeling, technology, and risk teams to promote effective model risk management throughout the model lifecycle. The Model Governance Manager offers a unique opportunity to work at the intersection of capital markets, model governance, risk management, and project execution. As an individual contributor, you will partner with Model Business Owners (MBOs), Model Development Owners (MDOs), and other key stakeholders to drive model governance activities and lead cross-functional initiatives. The role is ideal for someone who enjoys solving problems, managing complex projects, building strong partnerships, and driving initiatives from planning through implementation. Our Impact DMG serves as a trusted advisor to I&CM model stakeholders, partnering across the business, modeling, technology, and risk teams to promote effective model risk management. The team provides governance and coordination across a broad range of model activities, including model changes, ongoing governance, and timely remediation of findings. DMG helps stakeholders navigate model risk requirements, strengthen transparency and accountability, and drive consistent governance practices while identifying opportunities to improve and streamline processes. Your Impact: As an individual contributor, you will be responsible for executing model governance activities and leading initiatives to support effective management of model risk. You will partner closely with MBOs, MDOs, model users across various divisions, technology, and enterprise risk partners and will be expected to independently drive governance activities and projects from planning through completion. Your responsibilities include: Execute model governance activities in accordance with applicable regulatory obligations, Model Risk Policy and Standard, and other related governance requirements. Partner with MBOs and MDOs to support effective execution of their model governance responsibilities including model tiering, model creation and retirement, annual assessments and maintain appropriate documentation. Manage model change pipeline and project plans, including milestones, timelines, dependencies, and stakeholder coordination. Drive model changes through UAT, approvals, implementation, and deployment, proactively addressing roadblocks and escalating issues to keep delivery on track. Drive timely remediation of model-related issues and findings by monitoring milestones, dependencies, and closure activities. Coordinate with second line risk partners, Internal Audit, and Regulator to support oversight activities, reviews, and examinations. Lead recurring model governance activities, including OGM planning and reporting, governance meetings, model user meetings, and model use confirmations. Maintain accurate and complete model inventory and governance information in Model Risk Tool. Prepare clear and concise reporting that highlights key model governance activities, issues, and matters requiring management attention. Identify and drive opportunities to improve and streamline model governance processes. Build strong partnerships across I&CM and with Enterprise Risk Management, Internal Audit, and other key stakeholders. Qualifications: 8+ years of experience in model governance, risk management, capital or mortgage markets Undergraduate degree in Finance, Economics