Risk Appetite and Capital Director

7716BR
Risk Management
McLean, VA
September 12, 2017
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Position Overview

Single Family (SF) Risk Appetite & Capital Director
The Single Family (SF) Risk Appetite & Capital Director reports to the VP of Credit Analytics & Reporting (CAR) in the Single-Family Risk Management Division. The CAR team provides analytics for decision support and reporting to monitor performance for Single Family (SF) mortgage credit, quality control, and counterparty credit areas. This includes analytics for new product development, changes to credit policies, sampling for quality control, model performance evaluation, and regulatory reporting. The team includes business intelligence and reporting systems staff to enable usage of modern analytics tools for rapid consumption of Big Data sources.
As part of our evolution into three lines of defense, the Risk appetite and capital function is being built in the first line – transitioning from second line (Enterprise Risk Management). The Director is the lead position, who will build and own this function.
Responsibilities Include:
* Own Single Family Division’s Capital Measurement
o Develop capital measurements and ensure implementation in business decision making
o Compare regulatory capital to internal measures, propose to 2nd line and our regulator adjustments to existing capital treatments
* Own Single Family Division’s Risk Appetite framework
o Develop and implement processes to evaluate and manage SF risk appetite
o Assist in integrating counterparty risk appetite with overall framework, as applicable
* Review and analyze portfolio dynamics across Loss Reserves, P&L Forecasts, Regulatory Capital, Internal Capital, and Transaction-level Return on Equity with a goal of bringing clarity and consistency of approaches and assumptions, where practical
o Perform Significant User role of key models that drive capital (House Price and Costing models)
* Develop portfolio analytics to forecast key metrics for next 5 years, and assess key sensitivities to economic conditions and management actions. Use analytics to help influence business strategy choices
* Provide input and review capital and portfolio reporting performed by Finance for impact to business decisions
* Evaluate Disaster risks (Hurricanes, Earthquakes, Floods, and other natural disasters) and impact to portfolio
* Prepare periodic briefing for senior management and formal risk/capital committees to present scenarios and proposed changes
* Lead team to perform above functions

Qualifications

* 10-15 years in Financial services industry performing analytical roles covering consumer credit risk over portfolios of several $billion. Typical experiences will cover credit risk reporting, forecasting, pricing, capital, underwriting.
* 4+ plus years of management experience; Demonstrated ability to lead teams of analytics professionals
* Bachelor’s / Master’s degree in a quantitative field (typically Finance, Engineering, Business)
* Requires deep quantitative expertise to analyze distribution of risks through economic cycles, correlations, recoveries, counterparty impacts, default and interest rate risks
* Requires strong ability to work closely with modelers to build, evaluate and use models with high degree of detailed understanding (for example, rating agency models)
* Regularly interacts with senior management or executive levels on matters concerning several functional areas, divisions, and with regulators. Requires the ability to change the thinking of, or gain acceptance from, others in sensitive situations.
* Collaboration skills to navigate, influence and challenge

Preferred Skills

* Structured credit risk evaluation (Analyzing cash flows of Senior/Sub securitizations)
* Mortgage industry experience of 2-5 years
* Strong written and verbal communication skills

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.