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    Counterparty Credit Risk Management, Senior - McLean, VA, United States - Freddie Mac

    Freddie Mac
    Freddie Mac McLean, VA, United States

    3 weeks ago

    Default job background
    Full time
    Description
    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:

    Review and assess the credit strength of Freddie Mac's (re)insurance counterparties, including mortgage insurers, reinsurers, property insurers, and title insurers.


    Our Impact:

    Our team is responsible for managing Freddie Mac's counterparty credit risk exposure to mortgage insurance, property insurance, title insurance, and reinsurance counterparties.

    Work related to reinsurance counterparties supports Freddie Mac's ACIS and MCIP credit risk transfer (CRT) deals.

    Work related to mortgage insurance counterparties supports the ability of borrowers to acquire a mortgage without needing a 20% down payment.

    Work related to property and title insurers helps Freddie Mac reduce the losses it incurs upon homes experiencing property loss events and title deficiencies.


    Your Impact:
    Assess on an ongoing basis the creditworthiness of mortgage insurance, property insurance, title insurance, and reinsurance counterparties.
    Assign internal counterparty ratings and document the corresponding rationale similar to a rating agency credit opinion.
    Conduct due diligence on new counterparty applicants as needed as part of internal approval processes.
    Analyze and monitor compliance with Freddie Mac's mortgage insurer counterparty eligibility requirements (PMIERs).
    Develop recommendations for corrective actions to address counterparty non-compliance.
    Assist in the development and improvement of counterparty eligibility requirements and related policies and procedures.
    Manage and monitor internal counterparty risk exposures against corporate limits.
    Conduct credit risk analyses of emerging industry issues and (re)insurance industry trends.
    Find opportunities for operational improvement that streamline or improve existing processes.
    Perform periodic management reporting related to counterparty credit risk and assist in developing presentations to senior management.


    Qualifications:

    5-7+ years of related professional work experience in financial services, consulting, risk management, or a related field
    BS/BA degree in finance, economics, accounting, or a related degree
    Ability to assess a company's financial strength through analyzing its financial documents, statements, and other related materials
    Proficient in MS Office with advanced skills in Excel and Power Point
    Preferred

    Qualifications:
    Advanced degree in finance, economics, accounting, business administration, or a related degree
    Professional designation such as CPCU, ARe, CPA, CFA, or FRM
    Prior experience in the insurance industry (e.g., mortgage insurance, reinsurance, or property and casualty), rating agency experience, experience analyzing insurance companies, or equity analyst experience
    Keys to Success in this Role:
    Excellent verbal and written communication skills
    Ability to work independently with limited direct supervision

    Ability to quickly and efficiently overcome unexpected obstacles 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 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 $105,000 - $157,000 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.



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