UMBS Oversight Manager

Freddie Mac
McLean, VA
Sep 13, 2019
Sep 27, 2019
Full Time
The Enterprise Consumer Credit Risk Department within the Enterprise Risk Management Division is responsible for independent oversight and assessment of Freddie Mac's consumer credit risk management activities involving the company's $1.9 trillion single-family (SF) portfolio. The incumbent will monitor and assess SF Uniform Mortgage Backed Security (UMBS) portfolio risk management, strategies and processes.

If you are looking for an opportunity to apply your knowledge of GSE securitization and pooling practices and strong analytical and influencing skills in a second line role working alongside some of the brightest minds in the industry, then this is the job for you.

Your Work Falls into Three Primary Categories

UMBS Oversight

  • Lead independent oversight and assessment of SF UMBS portfolio risk management strategies; coordinate oversight with other ERM partners as needed
  • Monitor compliance with corporate risk policies and standards governing the UMBS risk management activities
  • Review required submissions to FHFA on UMBS program performance, in alignment with the FHFA Rule and Directive
  • Review potential impacts of FHFA required remedial actions, if any

Market Monitoring
  • Monitor market trends, including prepayments, credit quality and defaults
  • Evaluate portfolio and pooling strategies and identify potential impacts to the UMBS platform

Risk Management Activities
  • Monitor new initiatives and new origination and servicing policies for potential impacts to UMBS alignment
  • Identify and communicate significant risks and issues ('credible challenge') to the Chief Enterprise Risk Officer and SF business management; monitor risk response and resolution activities
  • Document results of independent oversight and assessment
  • Perform other ad-hoc risk analysis as needed
  • Build strong partnerships with SF and ERM counterparts


  • 8-10 years of related professional work experience
  • BS/BA degree in Finance, Economics, Mathematics, Statistics or similar
  • Excellent oral and written communications skills
  • Strong data management skills using SQL, Tableau or other analytical tools to query and analyze data, and prepare reports and presentations
  • Proficient in MS Office Suite, specifically Excel and PowerPoint

Keys to Success in this Role
  • Execution focused, with demonstrated initiative and personal accountability
  • Ability to work independently and adapt in a changing environment
  • Strong consultation and influencing skills
  • Ability to work with and collaborate across the team and where silos exist
  • Ability to perform empirical analysis and synthesize information for stakeholders, including senior management
  • Curiosity to learn and challenge the status quo

Top 3 Personal Competencies to Possesses
  • Partnership: Build trust and strong partnerships through my own and my team's actions
  • Drive for Execution: Be accountable for strong individual and team performance
  • Seek and Embrace Change: Actively support culture change initiatives

Preferred Skills

Preferred Skills
  • MBA/MS in Finance, Economics, Statistics, Quantitative Finance
  • Experience in structured finance and/or capital markets
  • Knowledge of Freddie Mac internal processes and/or models

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.