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Position Overview:
If you are an inquisitive, curious, self-motivated professional with a passion for multifamily real estate, Freddie Mac might be the employer for you! We are looking for a Multifamily Counterparty Risk Management Manager to join the Servicer Compliance group. This team within the Counterparty Risk & Compliance department reviews, monitors and reports on counterparty compliance and maintains the division’s ratings as both a Master Servicer and Special Servicer.
As a Counterparty Risk Management Manager, you will evaluate Seller/Servicers’ compliance to eligibility requirements in the Freddie Mac Multifamily Seller/Servicer Guide and to requirements set forth in Pooling & Servicing Agreements. Your contributions will support the team’s ongoing monitoring of operational risks posed to Freddie Mac by our Seller/Servicer network. Strong analytical, project management, and people management skills are a must! Apply now and learn why Freddie Mac is #HomeToMore!
Our Impact:
Our team is primarily responsible for:
• Reviewing annual Seller/Servicer certifications to ensure continued eligibility
• Monitoring custodial accounts and depository institutions
• Processing organizational change notifications
• Coordinating rating agency reviews for our role as Master & Special Servicer
• Performing various risk mitigation activities including portfolio seizures and transfers of servicing
• Maintaining Multifamily’s Contingency Plan and conducting annual tabletop testing
• Ensuring accuracy of Seller/Servicer data in multiple systems
Your Impact:
• Implements operational objectives and work plans established by the Servicer Compliance Director and / or Senior Management.
• Leads team members with varying degrees of expertise who evaluate Seller/Servicers’ compliance to eligibility requirements in the Freddie Mac Multifamily Seller/Servicer Guide and to requirements set forth in Pooling & Servicing Agreements.
• Has the ability to change the thinking of, or gain acceptance from, others in sensitive situations without damage to the relationship.
• Help drive the strategic vision of both Counterparty Risk & Compliance team and the Multifamily division using innovative solutions to meet Freddie Mac’s overall objectives, manage counterparty risk appropriately and communicate results division-wide.
• Manage Full-Time Employees (FTEs)
• Support the development and growth of members of your team through effective people management skills; nurture the overall team spirit as we continue to grow and develop.
Qualifications:
• 8+ years of experience in real estate, risk management or a similar discipline with 2+ years of management experience.
• College degree in Accounting, Finance, Real Estate or related field.
• Strong ability to manage multiple efforts simultaneously within a given timeframe.
• Must possess strong organizational skills and pay close attention to detail.
• Excellent written and verbal communication skills, with ability to present complex ideas in a clear, concise fashion.
• Must be able to provide innovative and practicable solutions for extensive range of complicated problems.
• Understanding of and experience in the financial services industry, commercial real estate, multifamily and the secondary mortgage markets; Government Sponsored Enterprise (“GSE”) experience preferred.
Keys to Success in this Role:
• Strong written and verbal communication skills
• Excellent critical thinking skills
• Strong organizational and time management skills
• Self-starter / independent thinker: demonstrated ambition to take on new roles with increasing responsibility with limited guidance and direction from management
• Ability to work in a dynamic, rapidly changing business environment and manage multiple tasks.
• Ability to work and collaborate within and across different teams
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.
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 $117,000 – $175,000 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.
