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Risk & Controls (Fraud/AML) Manager

Company: Freddie Mac
Location: McLean
Posted on: September 17, 2020

Job Description:

The well-being of our candidates, employees and customers is always our priority. As such, we are committed to adjusting how we recruit talent to protect our communities from the direct and indirect impacts of coronavirus (COVID-19). We continue to hire for all open positions by conducting interviews and onboarding virtually. This change allows us to maintain our fair and inclusive hiring practices while reducing health risks. We appreciate your flexibility and look forward to meeting you.

At Freddie Mac, you will do important work to build a better housing finance system and you’ll be part of a team helping to make homeownership and rental housing more accessible and affordable across the nation.

Position Overview: We are currently looking to add a Multifamily Risk & Controls (Fraud/AML) Manager to the Asset Management Operations team at our headquarters in McLean, VA. Freddie Mac is the industry leader providing over $70 Billion annually of mortgage funding for apartment loans throughout the nation, purchasing loans from an approved network of lenders then securitizing them via Capital Markets. This is an opportunity to influence the multifamily division and corporation on fraud and regulatory risk at the country’s largest Multifamily lender.

Our Impact: The Multifamily Fraud & Compliance team is responsible for the prevention, detection, and investigation of suspicious activity on the origination and ongoing monitoring of these loans as well as the Multifamily division’s compliance with certain regulatory financial crimes laws. The Risk and Controls (Fraud/AML) Manager will report to the Multifamily AML, OFAC, and Fraud Director and will be part of the fraud team responsible for oversight of a wide range of tasks for our complex, rapidly growing multifamily loan portfolio.

Your Impact: Using strong project management and investigative skills, support the management and assessment of Multifamily Financial Fraud operational risk, including engagement with other Freddie Mac lines of business to ensure Multifamily is compliant with the Enterprise Policy on (1) Anti-Money Laundering (AML) and the Office of Foreign Assets Control (OFAC) as determined by the US Treasury and (2) Financial Fraud

Understand, analyze and evaluate federal regulation relating to the Bank Secrecy Act (BSA)/ AML and OFAC

Provide initial assessment and prioritization of fraud tips received, recommend investigative steps to the Multifamily Fraud Director.

Conduct independent investigations on a timely basis, leveraging internal and external information; ability to obtain and clearly present the facts, assess risk to Freddie Mac

Understand critical processes and functions within each department within the Multifamily business line, formulate anti-fraud strategies for each department

Partner with Multifamily business process owners and other corporate divisions (2nd Line of Defense and Legal) to prevent, detect, investigate, and resolve fraud related activity

Work with Multifamily business process owners and other internal business partners to evaluate the effectiveness of the MF Division fraud program.

Analyze, document and monitor issues, including root cause analysis, control failure identification, level of significant assessment for deficiencies and remediation plans

Recommend resolutions to an extensive range of complicated problems.

Assist the MF Fraud Director with preparation of materials and logistics of mandatory annual Fraud/AML training for the MF Division

Maintain the Multifamily Fraud/AML risk assessment

Qualifications: 8-10 years in operational risk management; with 5-7 years of experience in financial services

3-5 years of related experience with the Bank Secrecy Act (BSA)/Anti-Money Laundering (AML) or Know Your Customer (KYC) programs required

4+ years of operational risk management experience

3+ years of risk advisory experience at a Big 4 firm is preferred

2+ years of people management experience required

Intermediate to advanced Microsoft Office skills (including Excel V-lookups, pivot tables, complex filtering of data, generate graphic report of results and Visio, PowerPoint)

Analyze financial data, identify patterns, inconsistencies, and unexpected results; facilitate root cause analysis

Works under limited direction; independently determines and develops approach to solutions

Ability to work well in team settings as well as independently

Excellent communication skills (verbal and written)

Undergraduate degree, preferably in accounting, finance or business

Keys to Success in this Role: Independently conduct financial crimes investigations

Independently determine and develop an approach to solutions

Analyze complex financial data, summarize results clearly and succinctly

Perform leadership role. Interact with internal business partners, senior management and other personnel on matters frequently requiring coordination across organizational lines

Understanding of Risk Management methodologies and Operational Risk Assessments

Proven experience operating at high standards of quality and accuracy within a fast paced environment

Refined verbal and written communication skills; capable of succinctly presenting complex subject matter

Prior mortgage industry or financial services experience, preferably in commercial lending operating practices

Current Freddie Mac employees please apply through the internal career site.

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.

We are an equal opportunity employer and value diversity and inclusion at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, disability status or any other characteristic protected by applicable law. We will ensure that individuals with differing abilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

Notice to External Search Firms: Freddie Mac partners with BountyJobs for contingency search business through outside firms. Resumes received outside the BountyJobs system will be considered unsolicited and Freddie Mac will not be obligated to pay a placement fee. If interested in learning more, please visit www.BountyJobs.com and register with our referral code: MAC.

Time-type:Full timeJob Category:MF Asset ManagementFLSA Status:Exempt

Get tailored job recommendations based on your interests. Location McLean, VA Category Technology Job Id JR762

Location McLean, VA Category Intern (Under Graduate/ Graduate) Job Id JR416

Keywords: Freddie Mac, Washington DC , Risk & Controls (Fraud/AML) Manager, Other , McLean, DC

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