Hiring: Director Enterprise Model Risk Governance Company: Freddie Mac Location: McLean, VA Job Posted Time: 2026-09-03 11:25:47 Employment Type: Full-time Target Skills & Keywords : Change Management, EMR, Risk Management About the job Experience: •12 years of experience in model risk management, model governance, model validation, quantitative risk management, or related functions within a large, complex financial institution •At least 12 years of experience in model risk management, model governance, model validation, quantitative risk management, or related functions within a large, complex financial institution Required Skills: •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. •The Enterprise Model Risk (EMR) team within the Enterprise Risk Division is responsible for oversight and effective challenge of the company’s model risk. •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 •Provide second line of defense governance and oversight across the enterprise model risk management framework Qualifications: •Bachelor’s degree required; Master’s degree preferred in finance, economics, engineering, data science, or a related field •Proven leader with a track record of building, leading, and scaling high performing teams in complex organizations •In-depth knowledge of model risk management principles and regulatory expectations, including SR 11-7, 26-2 and FHFA model AB •Demonstrated experience in second line of defense model governance or model risk oversight within the financial services industry •Strong knowledge of model lifecycle practices, including model development, implementation, use, performance monitoring, change management, validation, and model retirement •Understanding of key model types used in financial institutions, such as credit risk, loss forecasting, capital, valuation, pricing, fraud, underwriting, or decision models •Demonstrated capacity to provide effective challenge and independent oversight while building constructive partnerships with first line business and modeling teams •Operational familiarity with model risk systems, governance workflows, and enterprise model risk management •Strong leadership, decision-making, and organizational skills, with the ability to manage multiple priorities in a fast-paced environment •Excellent verbal and written communication skills with the ability to communicate complex model risk concepts clearly to a variety of audiences, including senior management and regulators Compensation: •$162,000 - $242,000 / year Interested candidates, please apply directly through the job posting on company's career page or try via AI auto apply on this platform. Don't miss this opportunity to join a forward-thinking team!