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

Qualifications

  • 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.


icon no score

See how you match
to the job

Find your dream job anywhere
with the LiveCareer app.
Mobile App Icon
Download the
LiveCareer app and find
your dream job anywhere
App Store Icon Google Play Icon
lc_ad

Boost your job search productivity with our
free Chrome Extension!

lc_apply_tool GET EXTENSION

Similar Jobs

Want to see jobs matched to your resume? Upload One Now! Remove
Risk Controls Senior Multifamily

Freddie Mac

Posted 2 weeks ago

VIEW JOBS 10/3/2019 12:00:00 AM 2020-01-01T00:00 This role is in Governance and Business Services (GBS) and is part of 1st Line of Defense (LOD) within the Multifamily Division at Freddie Mac. GBS is responsible for identifying and measuring operational risks, analyzing and reporting on risks, establishing governance over operational risks for the Multifamily division, and collaborating with the Three Lines of Defense and senior management across the company. In this role, operational risks include SOX, data privacy, fraud/money laundering, information security, business continuity, laws/regulations, performing risk assessments, and control design and implementation. GBS leads the division with compliance to the Corporate Enterprise Risk Management framework including compliance with Sarbanes-Oxley (SOX) framework. This role collaborates closely with business area management and there are opportunities to assess and implement process improvements, change management and project management. The Risk and Control Senior will work on diverse and complex issues, where analysis of situation or data requires evaluation of a variety of factors, including an understanding of current business trends. The responsibilities are time sensitive and have a high-level of visibility within Multifamily and across the company. Your Work Will Fall into Two Primary Categories: Operational Risk Management * Lead and document risk assessments, including new and changes to existing processes. * Draft risk and control matrix and demonstrate an understanding of procedures performed to test controls. * Ability to perform root cause analysis over operational events. * Monitor and report on risks and issues. * Escalate to management and perform analysis over emerging risks and issues. Business Area, Lines of Defense Engagement * Work individually and with the business to identify, develop and implement operational efficiency and controls. * Lead engagements with 2nd and 3rd Lines of Defense, including the external auditor and regulators. * Work with the 2nd Line of Defense in developing and influencing corporate policies and governance frameworks. * Present to management analysis over risks, controls and projects. * Ability to develop relationships across the business and company. * Ability to negotiate and influence situations and people. Qualifications * Experience in conducting risk assessments. * Experience in conducting audits at a public accounting firm or as an internal auditor. * Experience in testing manual and automated controls. * Strong Excel, PowerPoint and SharePoint skills. * Bachelor's degree in Business, related field or equivalent work experience in COSO, COBIT, SOX. * 5 - 7 years related experience Keys to Success in this Role * Curiosity and interest in Operational Risk Management in Multifamily * Team player with positive attitude * Strong work ethic * Ability to multi-task Top 3 Personal Competencies to Possess * Customer Focus - Personally engage with internal customers and deliver as promised * Partnership - Work effectively across teams to objectives * Drive for Execution - Focus on results rather than the appearance of results Preferred Skills * MBA, other graduate degree or advanced studies including CIA, CPA, CISA, CFA. * Experience in commercial real estate (Multifamily). 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. Freddie Mac Mclean VA

Risk Governance Senior (Operational Controls Self-Testing)

Freddie Mac