Risk & Control Testing Professional

Freddie Mac
McLean, VA
Mar 14, 2017
Apr 13, 2017
Full Time
Position Overview
The Investments & Capital Markets (I&CM) Risk and Controls Professional will perform 1st line of defense (LOD) control and compliance testing activities related to the I&CM business. The successful candidate will partner with business process owners in I&CM and Finance (Investments CFO) to conduct operational controls self-testing. This position requires attention to detail and well-developed organizational skills. The role will have regular interaction with I&CM personnel that are responsible for executing transactions related to mortgages, mortgage-backed securities, debt, derivatives and liquidity investments. The role will also regularly engage with I&CM personnel involved in managing day-to-day operational controls for capital markets technology, financial models and back office activities as well as Investments CFO personnel that perform analytics and reporting of I&CM activities. The position will also collaborate with colleagues in Enterprise Risk Management and Compliance (2nd LOD) and Internal Audit (3rd LOD). Responsibilities include but are not limited to: * Developing and maintaining documented self-test plans for the 1st LOD
* Developing and maintaining 1st LOD testing work papers (e.g. testing results, identifying exceptions and making recommendations for process improvements)
* Planning and performing 1st LOD testing of control design and effectiveness consistent with the corporate self-testing standard
* Partnering with appropriate groups within I&CM and Investments CFO to ensure timely and appropriate corrective actions are implemented
* Developing management reporting related to self-testing activities

Basic Requirements
* 3 or more years of Audit and/or Risk Management experience within the financial services industry
* Bachelor’s degree in Accounting, Finance, or related discipline or an equivalent combination of education and experience from which comparable knowledge and skills may be acquired
* Experience defining and documenting business processes and functions
* Ability to analyze and assess the adequacy of operational controls and identifying opportunities for process improvements and efficiency gains
* Solid understanding of Sarbanes-Oxley requirements and Risk and Control Self-Assessments (RCSA)
* Proactive self-starter with good time-management skills and a strong work-ethic
* Excellent verbal and written communication skills
* Ability to think critically and logically
* Ability to develop effective relationships across the firm

Preferred Skills
* CPA, CIA or other professional certification
* Public accounting or internal audit experience preferred
* Knowledge of secondary mortgage market and Freddie Mac’s business
* Understanding of capital markets trading and/or middle and back office functions

Closing Statement
Today, 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.

Similar jobs