Fair Lending Compliance Manager

Employer
Freddie Mac
Location
McLean, VA
Salary
Competitive
Posted
Jul 15, 2019
Closes
Jul 25, 2019
Ref
12158BR
Hours
Full Time
If you are a smart, self-motivated professional with a passion for Fair Lending Compliance, Freddie Mac may be the employer for you! As a key member and manager in the Compliance second line of defense (2LOD) team, your primary responsibilities are to perform fair lending and consumer protection oversight under our three lines of defense framework, including establishment, maintenance and oversight of compliance with policies and standards, assessment of fair lending and consumer protection risk and control design, coordination of oversight activities with Legal and analytics teams in the business and oversight areas, supporting, as appropriate, interactions with Regulators and providing training and awareness of fair ending and consumer protection risk. The Fair Lending Compliance Manager builds, uses, and maintains tools and information to support building a program and culture which emphasizes execution, partnership, flexibility, and excellence. The position requires exceptional organizational skills and attention to detail. Fair Lending Compliance is responsible for 2LOD oversight of compliance risk in our Single Family, Multifamily and Investments & Capital Markets divisions.

Your Responsibilities Will Mostly Fall Into the Following Categories:


Analysis and Assessment
  • Establish and maintain, in collaboration with the Legal Division, policies and standards to mitigate fair lending and other consumer protection, charter and conservator risks.
  • Assess fair lending statistical analysis performed by the business and determine if that analysis demonstrates that fair lending risk is within acceptable levels.
  • Monitor fair lending risk indicators, evaluate emerging fair lending risks, and in consultation with the Legal Division advise business lines on the appropriate response, as needed.
  • Develop and provide fair lending training in collaboration with the Legal Division to meet individual business unit and corporate needs.
  • Assess fair lending impacts of business and system changes. Review and, as appropriate, challenge the assessments of fair lending risks and controls by the business lines.

Data Management and Reporting
  • Develop reporting on risks, issues and remediation.
  • Evaluate actions taken by the business lines to address remediation of fair lending compliance issues.


Qualifications

Qualifications
  • Typically requires Bachelor's degree or equivalent professional experience. Recognized compliance certification or equivalent a plus.
  • 5-7 plus years of experience in fair lending and directly related experience in an Enterprise Risk Management role.
  • Demonstrated subject matter expertise in Fair Lending laws, examination standards, supervisory expectations, and industry best practices.
  • Strong analytical skills and good understanding of fair lending quantitative analytics and methods.
  • Experience with risk-based fair lending programs within a three-lines-of-defense risk management framework.

Keys to Success in this Role
  • Strong communicator with experience working with people at all levels

Top 3 Personal Competencies to Possess
  • Customer Focus - Personally engage with internal and external customers and deliver as promised
  • Partnership - Work effectively across teams to achieve both company and customer objectives
  • Drive for Execution - Focus on results rather than the appearance of results


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.

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