The Hispanic Heritage Foundation is excited to partner with Freddie Mac, a Fortune 500 company, to share exclusive career opportunities to our network for the following Financial/Business roles:
- Credit Risk Transfer Associate
- Loan Servicing Associate
- Credit Risk Management Associate
- Underwriting Professional
- Financial Controller Professional
- Senior Valuation Analyst
- Senior Business Unit Controller
While these jobs are currently virtual, they will be in person at their east coast offices later this year.
We will be hosting a virtual recruiting event on April 29th at 4pm EST to connect members of our community in the finance, mortgage banking, and accounting fields to job opportunities at Freddie Mac. The event will include a candid discussion with leaders at Freddie Mac, and the Hispanic Heritage Foundation’s President & CEO Antonio Tijerino.
Apply for the unique opportunity to explore a potential career with Freddie Mac and to hear about their culture, resources, and opportunities. To be selected to participate, you must have experience in alignment with the roles and apply here. Please complete your application by April 22nd, 2021.
Position Overview
Are you someone who thrives on building relationships, working with people, and identifying opportunities for continuous improvement to support a fast-paced, successful business? Do you have an understanding and passion for the development of reports that provide management insights? If you know what it takes to be an internal consultant and can deliver high-quality reports and documentation to support business decisions, we are your next destination employer! Apply to join Freddie Mac’s Single-Family Credit Risk Transfer team.
**This position can be performed currently from a remote location in the U.S. but will require presence in a Freddie Mac office in the future.**
Our Impact
The Credit Risk Transfer (CRT) Group is responsible for transferring to private investors the credit risk on mortgages we own or guarantee. We do this primarily through securities and insurance-based offerings. By transferring portions of credit losses to third-party investors, we bring in private capital to the mortgage market and reduce the risk of future losses to us and to taxpayers if borrowers go into default.
Your Impact
- Assisting with the composition of management, regulatory and ad hoc Credit Risk Transfer reporting
- Transaction execution
- Executing and assisting with documentation to support ongoing transaction processes
- Assisting in the composition of management, regulatory and ad hoc Credit Risk Transfer reporting
- Coordination/liaison with internal business stakeholders
- Preparing market analysis/updates
Qualifications
- Bachelor’s degree or equivalent experience
- Demonstrated problem solving skills and solution development
- Excellent written and verbal communication skills
- Proficient in Microsoft Office suite, especially, Excel and Access (or other database tools)
- Strong project management skills
- Strong analytical skills and detail oriented
Keys to Success in this Role
- Sense of humor
- Intellectual agility and interpersonal flexibility
- Strong consultation and communication skills
- Change leadership
- Ability to work with and collaborate across the team and where silos exist
- Ability to develop mutually beneficial relationships inside and outside of the department
- Deep curiosity to learn about new trends and how to do things better
- Comfortable in the space between no longer and not yet
- Ability to use data to help inform management decisions around strategy and direction
Position Overview
Are you someone who has a desire to join a division that is helping to build a better multifamily housing finance system? Apply to join as a Commercial Loan Closer and join a team in the Multifamily division responsible for ensuring that loan documentation and collateral reviews are consistent with the terms of the Loan Commitment and reflected accurately on our loan systems.
**This position can be performed currently from a remote location in the U.S. but will require presence in a Freddie Mac office in the future.**
Responsibilities Include
- Function as a subject matter expert and provide technical support for the Document Management, Document Custody and Loan Administration pipeline system.
- Ability to elicit, analyze, document and validate the system requirements that support the business requirements. Perform daily system updates.
- Respond to and resolve requests.
- Assist with updating procedures.
- Present system demos for internal and external users.
- Work closely with Vendor on change requests.
- Develop strong partnership with Data Governance, IT Support teams, and key business stakeholders to support organization’s goals and objectives.
- Manage and identify business and system opportunities for process, reporting and analytic improvements.
Our Impact
Our team supports Multifamily Loan Administration. Drive system enhancements and provides business validation on deployments. Perform system maintenance on 7 Document Management cabinets for the lines. Provide internal and external training, while providing stellar customer service. Run document exception reports that are sent directly to Optigo Lenders and counsel. Reporting department metrics.
Your Impact
- Business SME Document Management, Document Custody and Loan Administration pipeline system
- Design, implement and maintain organization of digital document custody in DMS cabinets for 6 lines of business (loan level, CCM, Cash Desk, Loan Servicing, MF Securities, LIHTC)
- Interact with various business areas on significant technical matters frequently requiring coordination across organizational lines.
- Prioritize tasks based on business needs
Qualifications
- 1 years of related experience
- College degree or equivalent experience
- Strong Microsoft Office Suite Skills
Keys to Success in this Role
- Meet tight deadlines on a consistent basis
- Strong written and verbal communication skills
- Must be a great teammate and enjoy working in a cooperative environment
- Ability to think outside of the box and flexibility in times of high volume
- Self-sufficiency; Aptitude for taking initiative to problem solve
- Strong Attention to Detail
Position Overview
Freddie Mac Multifamily is seeking a motivated and analytical individual to join its Counterparty Credit Risk Management team! The job requires the ability to analyze an open-ended number of both quantitative and qualitative risk factors and mitigants to arrive at written recommendations regarding the creditworthiness of Multifamily counterparties. If you are an analytical teammate who is interested in intellectual challenges and helping build, preserve and improve the Multifamily Housing business, you are encouraged to join our dynamic and exciting organization!
**This position can be performed currently from a remote location in the U.S. but will require presence in a Freddie Mac office in the future***
Our Impact
Our team is responsible for assessing counterparty creditworthiness, monitoring and managing counterparty credit risk from Freddie Mac’s Multifamily Seller/Servicers and other counterparties conducting business in the multifamily housing sector. We provide value-adding risk analytics that facilitate and influence Multifamily business decisions.
Your Impact
- Determine the creditworthiness of mortgage banks and other types of financial institutions based on assessment of quantitative, qualitative and macro factors
- Recommend internal risk ratings and exposure limits
- Recommend risk mitigating actions within policy guidelines as necessary
- Monitor news media for developments affecting an institution’s creditworthiness
- Monitor current counterparty risk exposures against assigned limits for escalation to management
- Support the development and enhancement of the department’s infrastructure for measuring, managing, and reporting counterparty credit risk
- Prepare and develop reports for various counterparty risk monitoring purposes
- Contribute to corporate new business initiative assessment
- Assist in responding to requests from Freddie Mac’s enterprise oversight division, internal audit and external regulators
- Support the maintenance and update of departmental procedures for review and approval by management
Qualifications
- 1-2 years of experience analyzing financial institutions including mortgage banks
- Bachelor’s degree in Finance, Accounting or Economics
- Proven analytical and problem-solving skills
- Solid understanding of financial statements
- Advanced MS Office Suite skills and experience, with an emphasis on Excel
Keys to Success in this Role
- Self-motivated analytical thinker with intellectual curiosity in investigating open-ended questions
- Strong work ethic and a positive, can-do attitude
- Strong written communication skill, particularly the ability to analyze issues and form recommendations in a clear, logic and concise manner
- Strong interpersonal communication skill with the ability to interact with team members, internal/external customers and senior leadership
Position Overview
The Single-Family Underwriting Professional position ensures the quality and integrity of underwriting information and processes, related to product/program innovation pilots & review exercises. This includes data entry, review, validation, tracking, and working with multiple business partners to achieve business objectives and resolution of issues, as well as ongoing consultation.
**This position can be performed currently from a remote location in the U.S. but will require presence in a Freddie Mac office in the future.**
Our Impact
We perform loan and data review on innovation assignments and sampled loans to assist in Freddie Mac’s income and asset innovation development effort and determine, in selective circumstances, compliance with Freddie Mac requirements.
Your Impact
- Manage an inventory of loans assigned each month, to meet production and quality requirements.
- Review required loan file documentation and extract data necessary to perform applicable testing or review.
- Accurately input data into Freddie Mac’s internal QC platform and/or data capture tools.
- Request missing documentation vital to complete the review
- Write clear and concise material identifying defects discovered in the review process.
- Validate delivery data in Freddie Mac systems
- Interpret documentation and test data results with respect to income and asset innovation projects
- Determine which loans require remediation due to noncompliance with requirements
- Proactively identify and watch adverse trends and report findings
- Work under limited direction and independently determine and develop an approach to solutions.
Qualifications
- Typically has 3-5 years of recent mortgage quality control experience or comparable experience
- College Degree or equivalent work experience
- Strong verbal and written communication skills
- Ability to work well in a team environment and create a positive attitude within the team
- Ability to follow existing processes, yet challenge those processes when appropriate
- Must be self-motivated and able to perform investigative processes
- Ability to work well in a team environment and create a positive attitude within the team
Keys to Success in this Role
- Strong time management ability
- Robust analytical skills with attention to detail being critical
- Outstanding oral and written communications skills
- Ability to work effectively with continuous change and short deadlines
- Demonstrated business acumen, problem solving skills, intellectual maturity and relationship management
- Ability to prioritize duties to ensure deadlines are met in a timely manner. Flexibility in terms of working hours and adjustment of work hours during critical periods.
- Strong interpersonal skills, strong written and verbal skills and the ability to handle confidential information
Position Overview
Freddie Mac’s Finance division is currently seeking a Financial Controller Professional to be part of the IT Finance Fixed Assets Accounting Group. The IT Finance Fixed Assets Accounting Group is responsible for the provision of timely, accurate and reliable financial information. This also includes preparation of the profit & loss, balance sheet accounts and other financial reports. This group works with the Financial Controller to produce financial information for inclusion in board reports, news releases, and public financial reporting. Other responsibilities may include the preparation and posting of general ledger journals, posting of accruals, leading and controlling the fixed assets accounts and capital expenditure. The candidate will also be responsible for executing daily controls and works under limited direction Independently and develops approach to solutions.
**This position can be performed currently from a remote location in the U.S. but will require presence in a Freddie Mac office in the future.**
Our Impact
- Execute control checks to ensure the accurate data moves between various data sources for all Fixed Asset and Project Accounting transactions.
- Run monthly close activities by preparing and posting of general ledger journals, posting of accruals, managing and controlling the fixed assets accounts/transaction and capital expenditures.
- Assist and support ongoing SOX/Non-SOX compliance activities.
- Support Internal/External Auditor requests and concerns
- Design test plans and participate in the UAT for the implementation of future upgrades and improvement for the Asset Management system used.
Your Impact
- Interact with IT Finance controllers and division controllers in all accounting transaction related to project and fixed accounting requests/transaction.
- Assist Senior staff to solve system or data issues in a clear and timely manner
Qualifications
- Typically has minimum 5-7 years of related experience
- Bachelor’s degree and/or equivalent work experience
- Strong analytical and quantitative skills
- Excellent verbal and written communication skills
- Showed strength in MS Excel, PowerPoint and MS Word. PeopleSoft
- Previous accounting experience and/or knowledge in GAAP
Keys to Success in this Role
- Progress towards CPA, or related certifications
- Ability to adapt to changing priorities in support of team needs; flexible
- Knowledge of fixed asset accounting
- Self-starter/entrepreneurial thinker: proven ambition to tackle new roles with increasing responsibility with limited guidance and direction from management
Position Overview
Freddie Mac’s Finance division is currently seeking a Pricing and Valuation Senior to be part of the Investments and Capital Markets CFO department. The Investments and Capital Markets CFO department is responsible for financial accounting and reporting, portfolio risk and profitability analysis, pricing and valuation activities, and financial planning & analysis for Freddie Mac’s Capital Markets segment. The hired individual will be responsible for daily and monthly valuation of mortgage-backed assets, debt, derivatives and financial instruments in a hedge accounting relationship using market-based inputs and industry-standard technical tools. The position will require complex manipulation of large datasets using SQL, VBA or SAS.
**This position can be performed currently from a remote location in the U.S. but will require presence in a Freddie Mac office in the future.**
Our Impact
The Pricing & Valuation group provides prices and valuations for products across all business segments including Investments & Capital Markets, Single-Family and Multi-Family. These prices are consumed by the accounting groups in each area to produce financial statements and Fair Value disclosures for Freddie Mac GAAP Reporting. Additionally, the prices and valuations are used to create the overall daily risk position for Freddie Mac.
Your Impact
The senior analyst will utilize fixed income valuation techniques along with interaction with traders and pricing vendors to produce timely and accurate valuations for a variety of portfolios. Responsibilities include:
- Assist with crafting fair value calculations, which include methodologies (how to value), execution, verification and validation.
- Support the new product valuation processes by reviewing and running models.
- Apply standard valuation principles, theories, concepts, and techniques.
- Keep abreast of the fixed income market, think analytically, and make suggestions to improve the process.
- Interact with both internal and external customers including trading desks, auditors and pricing vendors.
- Assist with creating and maintaining analytics that help explain daily valuation results
Qualifications
- Typically has 5-7 years of experience specifically in fixed income, financial services, or financial analysis
- Bachelor’s degree in Finance, Economics or Engineering and or equivalent experience
- Must have fixed-income security and derivative valuation experience. Understand agency MBS market and fundamental valuation principles, including major valuation inputs and risk profile for fixed income securities.
- Must be proficient in one of the following tools – SQL, VBA, SAS, Microstrategy or Dataflux in addition to knowledge of Microsoft Excel and Microsoft Access.
- Demonstrated experience conducting analysis with large datasets in an organized and controlled manner.
- Have some experience of using Bloomberg (including API), Intex, Yieldbook or Anser.
Keys to Success in this Role
- Intellectual agility and interpersonal flexibility
- Strong consultation and communication skill
- Ability to work with and collaborate across the team and where silos exist
- Deep curiosity to learn about new trends
- Ability to utilize data to help inform strategy and direction
Position Overview
Single Family CFO Financial Planning and Analysis team is within SF CFO organization covering Sourcing, Pricing, Credit Risk Transfer and Portfolio Management business lines. This role with lead continued implementation and testing of the Mercury+ tool to support improved company-wide forecasting efforts.
**This position can be performed currently from a remote location in the U.S. but will require presence in a Freddie Mac office in the future.**
Our Impact
Single Family CFO plays an integral role in corporate forecasting, and the implementation of the Mercury+ tool is a critical forecasting initiative. This will be used for high priority processes such as DFAST, Mid-year Strategy, CRT AB, Annual Business Planning, Capital planning and various future corporate priorities.
Your Impact
- Lead requirements capturing to provide instructions to M+ development team on implementing new functionality
- Provide testing documentation and acceptance criteria for all new mnemonics
- Perform UAT testing for development phase
- Lead resolution of testing issues
- Work with key partners to define and prioritize future needs for Mercury+
Qualifications
- Typically has minimum 5-7 years of related experience
- Bachelor’s degree in Accounting, Finance, Math/Physics, Statistics, Economics/Financial Engineering, Data science, or a directly related quantitative field. Advanced studies/degree preferred
- Strong analytical and quantitative skills
- Excellent verbal and written communication skills
- Demonstrated proficiency in MS Excel, PowerPoint and MS Word
- Previous accounting experience and/or knowledge in GAAP
- Works under limited direction, independently figures outs and develops approach to solutions
- Strong work ethics and learning capability
Keys to Success in this Role
- Intellectual agility and interpersonal flexibility
- Curiosity to learn about new subjects
- Technical skills and propensity to grasp the new analytical tools that provides business insights
- Ability to work with and collaborate across the teams and where silos exist
- Detail oriented and reliable in execution on regular basis
- CPA certification preferred
- Knowledge of SF transactions
Freddie Mac Recent Graduate Opportunities
Position Overview
Finance Analyst Program is a 2-year rotation (6 months each) through the following areas – – Financial Close, Management Reporting and Analytics, or Specialized Finance with an interview and permanent placement after the program ends
Qualifications
- Minimum 3.2 GPA
- Bachelor’s Degree in Accounting, Finance, Economics, Business Administration, or a related discipline
- Graduation no more than 18 months prior to starting date
- Availability for occasional work beyond core business hours or weekends as needed
Position Overview
Multifamily Analyst Program is a direct placement cohort into one of the following areas – Affordable Sales and Investments, Asset Management and Operations, Capital Markets, Market Risk, Production and Sales, Strategic Transformation, or Underwriting
Qualifications
- Minimum cumulative 3.0 GPA
- Bachelor’s Degree in Business Administration, Finance, Economics, Real Estate, Statistics, or a related discipline
- Graduation no more than 18 months prior to starting date
- Opportunities in Chicago IL, Houston TX, Los Angeles CA, Arlington/McLean VA, and New York, NY
Position Overview
Technology Analyst Program is a direct placement cohort in one of the following areas – Software Development, Application Support, Information Security, IT Risk, and Controls, or Infrastructure
Qualifications
- Minimum cumulative 3.0 GPA
- Bachelor’s Degree in Computer Science, Computer Engineering, Information Technology or related (Finance or Accounting majors for IT Risk/Controls roles; Information Security majors for InfoSec roles)
- College-level experience with coding practices and languages (such as Java, C/C++, Python, Angular/Springboot, MongoDB/Postgres, OpenShift/Docker, or others)
- Graduation no more than 18 months prior to starting date
Position Overview
Single-Family Analyst Program is a direct placement cohort in one of the following areas – Business Analysis/Operations, Marketing & Communications, or Data Analytics
Qualifications
- Minimum cumulative 3.0 GPA
- Bachelor’s Degree in Business Administration, Finance, Economics, Real Estate, Business Information Technology, Management Information Systems, or a related discipline
- Graduation deadline in Fall or Spring before start date (i.e. December ‘21 or May ‘22 for a June ‘22 start)
Position Overview
Single-Family Capital Markets Analyst Program is a 2- year rotation (6 months each) through the following areas – Purchase and Guarantee, Portfolio Management, and Credit Risk Transfer with interview and possible permanent placement after the program ends
Qualifications
- Minimum cumulative 3.2 GPA
- Bachelor’s Degree, preferably but not only in Economics, Finance, Business, or Mathematics
- Graduation deadline in Fall or Spring before the start date
- Availability for occasional work beyond core business hours or weekends as needed (i.e. December ‘21 or May ‘22 for a June ‘22 start)