Risk & Controls Manager

Freddie Mac
McLean, VA
Aug 13, 2019
Aug 21, 2019
Full Time
Information Technology Operational Risk Management (ITRM) is responsible for providing oversight of operational risks associated with all operating activities of Freddie Mac's Information Technology division. The primary responsibilities of ITRM include providing risk management, risk advisory, regulatory liaison, and policy/standards governance for the Information Technology division. This could include managing the review and publication of divisional policies and standards, defining and implementing risk management frameworks, monitoring and reporting risks and risk response, performing risk reviews and evaluations, and driving continuous improvement of risk management capabilities across IT. ITRM is led by the Vice President, IT Operational Risk & Governance.

ITRM is looking for an experienced manager to lead the teams that will provide control self-testing and assurance/validation capabilities across IT. The IT Risk & Controls Manager will report directly to the IT Risk Management Director. Working closely with the teams that represent each IT Department, the Manager will manage teams that are responsible for consistent and logical application of key components of the IT Risk Management Framework for the IT Division. This position requires that the applicant have a strong understanding of the risk frameworks, operational risks, and the execution of risk management processes and governance within a large institution. As this is a risk leadership role, it will require strong partnership with internal IT leadership, as well as the 2nd and 3rd lines of defense organizations. The applicant must also have strong communication and management skills, and strong knowledge of industry best practices.

Your Work Falls into Three Primary Categories:

Risk Management and Control Assurance
  • Understanding and managing Information and Technology risk associated with the operational processes for the IT division
  • Executing 1st Line of Defense control self-testing program
  • Providing transparency of risk exposures through implementing sound reporting for risk-based decision making

Team Management and Leadership
  • Manage and develop the self-testing team
  • Ensure team is operating in the most effective way possible and have the appropriate level of skills and capabilities to be successful

Relationship Management
  • Build strong partnerships with IT stakeholders, as well as 2nd and 3rd lines of defense organizations


  • Bachelor's Degree
  • 7-10 years of experience working with SOX, practical experience in internal/external audits, risk management - methods and techniques for the assessment and management of risk
  • Ability to operate as a self-motivated, pro-active, and result-driven problem solver with excellent analytical and communication skills
  • Ability to understand IT business processes, management objectives, risk appetite and tolerances and impact of changes to risk profiles
  • Project Management experience
  • Experience in IT governance and controls, including governance frameworks, COBIT, FFIEC, COSO, ISO-31000, etc.

Keys to Success in this Role
  • Intellectual agility and interpersonal flexibility
  • Strong verbal and written communication skills
  • Ability to work with and collaborate across teams
  • Graduate degree or advanced studies
  • Financial Services experience
  • IT Risk Management experience

Top 3 Personal Competencies to Possesses
  • Drive for Execution: Be accountable for strong individual and team performance
  • Partnership: Build trust and strong partnerships through my own and my team's actions
  • Customer Focus (Internal and External): Personally engage with customers to learn their needs

Preferred Skills

Preferred Skills
  • Graduate degree or advanced studies
  • Financial Services experience
  • IT Risk management experience
  • Knowledge and skills across:
    • COSO
    • ISACA Risk IT framework
    • ISACA COBIT 5.0
    • ISO 31000-series and 27000-series, 13335

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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