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.
The Model Audit team at Freddie Mac is currently seeking an Internal Audit Professional who has a diverse skill set to be able to perform audit testing for a variety of models, including models that use artificial intelligence and machine learning techniques. Model audits are risk-based and require in-depth knowledge of model methodology and limitations.
Apply now and learn why there’s #MoreAtFreddieMac!
The team is primarily responsible for providing model risk assurance across all material models and model processes used at Freddie Mac. Models at Freddie Mac help Make Home Possible.
In this role, the Internal Audit Professional will be an integral part of Model Audit team and will be expected to have the following responsibilities:
Comprehends the mathematics, statistics, and AI/ML techniques used for evaluating risk associated with Freddie Mac’s complex models, such as models of default, prepayment, pricing, valuation, derivatives, interest rates, stress testing and counterparties.
Executes audit activities to analyze and test governance and controls over model/AI/ML data, development, conceptual soundness, implementation, performance monitoring, validations, second line oversight and the model risk framework.
Documents testing results in work papers, identifies model issues, communicates model audit conclusion with Model Audit Seniors, Tech Leads, Managers, Directors, and Officers consistent with Internal Audit methodology and policies and procedures.
Participates in status meetings, potential findings discussions, and team meetings, meetings with other internal audit teams, and our audit clients.
Coursework or work experience writing statistical and/or optimization programs to develop models and algorithms. Programming languages may include—but are not limited to—Python, R, SQL, Java, SAS, and MATLAB.
Keys to Success in this Role
Quantitative modeling skills in economics, statistics, mathematics, quantitative finance, or other quantitative fields.
Proactively learns audit methodology, AI/ML techniques, model governance (which includes evaluating model policies, procedures, oversight, model risk reporting, etc.), and Freddie Mac’s business.
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.
CA Applicants: Qualified applications with arrest or conviction records will be considered for employment in accordance with the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act.
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 time
FLSA Status:Exempt
Freddie Mac offers a comprehensive total rewards package to include competitive compensation and market-leading benefit programs. Information on these benefit programs is available on our Careers site.
This position has an annualized market-based salary range of $97,000 - $145,000 and is eligible to participate in the annual incentive program. The final salary offered will generally fall within this range and is dependent on various factors including but not limited to the responsibilities of the position, experience, skill set, internal pay equity and other relevant qualifications of the applicant.
