Hiring: Model Risk Senior Lead 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, Quality Assurance, Risk Management About the job Experience: •10 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 10 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: •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, ensuring alignment with internal policy, standards, and regulatory expectations •Partner with model owners, model developers, validators, and business stakeholders to promote consistent execution of model risk management requirements across the full model lifecycle, including model development, implementation, use, monitoring, change management, and retirement •Support governance activities related to both traditional models and AI/ML models, including oversight of model inventory, model tiering, documentation standards, performance monitoring, and ongoing compliance with model risk management requirements Qualifications: •Bachelor’s degree required; Master’s degree preferred in finance, economics, statistics, mathematics, engineering, data science, or a related field •In-depth knowledge of model risk management principles, governance frameworks, and second line of defense responsibilities within the financial services industry •Knowledge of regulatory guidance and supervisory expectations related to model risk management, including SR 11-7 and relevant agency expectations applicable to financial institutions •Strong collaboration skills with the ability to work effectively across first line, second line, validation, and technology teams •Strong written and verbal communication skills with the ability to communicate complex model risk and AI/ML governance topics clearly to a variety of audiences, including senior management •Demonstrated ability to manage multiple priorities, drive process improvements, and deliver high-quality results in a fast-paced environment Compensation: •$151,000 - $227,000 / 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!