Experience:
5+ years of experience
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Employment Type:
Full time
Posted:
2/20/2019
Job Category:
Finance
Compliance Examiner Professional
(This job is no longer available)
Freddie Mac | Chicago, IL
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Job Description

Are you someone who thrives in a team environment? Do you have a thorough understanding of mortgage origination or loan servicing operations and business process and controls? If you enjoy a challenging and rewarding work environment, we are your next destination employer! Apply to join Freddie Mac's External Operational Risk Evaluation department as a Compliance Examiner.

Freddie Mac is seeking a Compliance Examiner Professional to perform external operational risk reviews and due diligence of its active Seller/Servicers, document custodians, new applicants, and various vendors.

Your Work Falls Into 2 Primary Categories:

Risk Management

CORE provides our internal Freddie Mac stakeholders necessary information about Single Family counterparties' effectiveness of controls within mortgage operations and compliance with Freddie Mac requirements through the execution of on-site reviews and monitoring of remediation of identified issues. The results of these reviews enable informed risk management decisions, and provides investors with assurance that our counterparties are compliant with federal, state and agency guidelines relative to the origination and servicing of Freddie Mac loans.

The individual will be instrumental in conducting various audit techniques to assess the degree of compliance to Freddie Mac guidelines and to evaluate the risk and control environment of Freddie Mac counterparties.

Customer Focus

CORE takes a collaborative approach with our internal stakeholders to identify risks to the corporation and establish our review objectives, and takes an insightful and consultative approach with our customers by providing feedback and best practices to promote being a compliant organization.

The individual will work in a team environment with Sr. Examiners and Managers to execute operational reviews by completing planning activities, inquiries, control testing, workpaper documentation and reporting. CORE's overall goal is to provide meaningful input to our internal stakeholders allowing them to make informed business decisions and to limit Freddie Mac's level of exposure to risk as it relates to the mortgage operations of its counterparties.

The hired incumbent can work from the following Freddie Mac office locations:

Chicago, IL

Mclean, VA

Atlanta, GA

Key Responsibilities

* Communicating effectively within all levels of an organization
* Drafting process level narratives
* Effectively writing accurate audit reports
* Providing exceptional levels of customer service
* Collaborating effectively with various groups within the organization to identify areas of concern and to address routine matters
* Perform onsite examination responsibilities including conducting interviews and performing control testing
* Conduct reviews with progressively more responsibilities ultimately becoming responsible for leading onsite examinations
* Ability to travel domestically approximately 40% of the time
* Evaluates financial institution and mortgage banking activities to assess/monitor compliance with applicable federal and state laws and regulations and agency guidelines.
* Ability to manage challenging situations
* Generates reporting, which identifies and addresses areas of significant risk and evaluates overall effectiveness of operations.
* Minimum 4 years of related experience
* College Degree or equivalent work experience
* Strong analytical and critical thinking skills and the ability to comprehend complex concepts
* Strong verbal and written communications skills (a writing sample may be required)
* Ability and desire to learn
* Public speaking and interviewing skills
* Attention to detail, and ability to comprehend mortgage banking subject matter
* Certification in risk management and/or CIA, CFE, CFSA, CISA preferred
* Prior experience in mortgage banking or general audit/risk management experience

Key to success in this role

* Creative and analytical problem-solving ability
* Strong written and verbal communications skills
* Ability to function and thrive in a challenging and changing environment
* Effective time management skills and the ability to work independently to meet deadlines

Top 3 Personal Competencies to possess

* Partnership - Build trust and strong partnerships by delivering prompt and high-quality customer service.
* Drive for Execution - Be accountable for strong individual and team performance
* Seek and Embrace Change - Be flexible to change and demonstrate the ability to manage ambiguity
* Ability to identify, assess and resolve issues in a non-confrontational manner.
* Ability to shift priorities as required to successfully accomplish work objectives.
* Strong interpersonal and relationship building skills, with ability to interact successfully with all levels internally and externally.
* Ability to work independently in a complex environment.
* Highly organized, detailed and responsive.

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.

About Freddie Mac

Freddie Mac is engaged in purchasing residential mortgages and mortgage-related securities in the secondary mortgage market and securitizing them into mortgage-related securities that can be sold to investors. The Company purchases single-family and multifamily mortgage-related securities for its mortgage-related investments portfolio. It also purchases multifamily residential mortgages in the secondary mortgage market and hold those loans either for investment or sale. Freddie Mac finances purchases of its mortgage-related securities and mortgage loans, and manages its interest-rate and other market risks, primarily by issuing a variety of debt instruments and entering into derivative contracts in the capital markets. The Company operates in three segments: Investments, Single-family Guarantee and Multifamily. (Source: 10-K)