Risk Governance Senior (Operational Controls Self-Testing)

Freddie Mac Mclean , VA 22107

Posted 3 days ago

The Investments & Capital Markets (I&CM) Controls Self-Testing Senior will assist with 1st line of defense (LOD) automated/manual controls, IT general controls, and compliance testing activities related to the I&CM business. This position requires teamwork, collaboration, attention to detail and well-developed organizational skills. The successful candidate will partner with business process owners in I&CM and Finance (Investments CFO) to conduct and assist with operational manual and automated controls self-testing. The role will engage with I&CM personnel involved in managing trading, capital markets technology, financial models and back office activities as well as Investments CFO personnel that perform analytics and reporting of I&CM activities. The position will also collaborate with colleagues in Enterprise Risk Management and Compliance (2nd LOD) and Internal Audit (3rd LOD).

Your Work Falls into Two Primary Categories:

Testing Execution

  • Perform testing of design and effectiveness of manual and automated operational and IT general controls

  • Review third party attestation reports, including Service Organization Control (SOC) 1 and SOC 2, including documenting, validating, testing, and assessing various control systems

  • Identify process enhancement opportunities with control owners to develop risk-based action plans while understanding their operational constraints/challenges

  • Utilize a risk and objective based approach to identify business process opportunities, and work with clients to develop action plans while understanding their challenges

  • Support and contribute to practice development initiatives

  • Consistently apply delivery methodology processes and utilize tools across engagements

Testing Documentation

  • Develop and maintain detailed procedures that document self-testing plans and work papers

  • Develop innovative methodologies, leading practices, tools, and templates

  • Prepare test reports that identify and communicate issues and recommendations for process and control improvements where necessary

  • Develop high-quality deliverables and conduct presentations


  • 5 to 7 years of Audit and/or Risk Management experience within the financial services industry

  • Bachelor's degree in Information Technology, Accounting, Finance or related field

  • Experience conducting Service Organization Control (SOC) 1 and SOC 2 report reviews

  • Experience conducting IT risk, IT controls testing, and security assessments for both IT General Controls (ITGCs) and IT Application Controls (ITACs)

  • Experience performing & documenting capital markets business process internal control reviews

  • Ability to analyze and assess the adequacy of operational controls and identify opportunities for process improvements and efficiency gains

  • Solid understanding of Sarbanes-Oxley requirements, Risk and Control Self-Assessments (RCSA), operational risk management and audit industry best practices

Keys to Success in this Role

  • Proactive self-starter with good people skills and a strong work-ethic

  • Strong attention to detail, reflected in verbal and written communication

  • Ability to develop effective relationships across the firm, including with senior leaders

  • Ability to work with and collaborate across the teams

  • Basic understanding of capital markets operations

  • Basic understanding of financial services or GSE's

Top Three Personal Competencies to Possess

  • Partnership
  • Build trust and strong partnerships through my own and my team's actions
  • Drive for Execution
  • Be accountable for strong individual and team performance
  • Customer Focus (Internal and External) - Seek and use data and feedback to enhance customer outcomes

Preferred Skills

  • CPA, CIA, CISA or other professional certification

  • Public accounting or internal audit experience preferred

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.

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Risk Governance Senior (Operational Controls Self-Testing)

Freddie Mac