The SF Credit Risk Transfer Director role is based in McLean, VA, and will be responsible for Freddie Mac’s Single-Family Credit Risk Transfer Mortgage Insurance portfolio. This position will report directly to the Vice President, Credit Risk Transfer.
Your work falls into three primary categories:
External Relations
- Negotiate new policy terms and seek clarification of existing policies.
- Maximize certainty and payment of Mortgage Insurance (MI) claims.
- Seek new opportunities with MI partners with mutual benefits for Freddie Mac, the MI, and the U.S. Housing System.
- Improve technologies in the MI process. Ensure compliance with PMIERs requirements. Some travel required.
Internal Coordination
- Coordinate with multiple internal groups including: Counterparty risk management; Mortgage Insurance Operations; Underwriting Policy; and Servicing Policy to ensure MI policies are executed in a Safe and Sound manner. Work with internal partners as the advocate for MI related issues. Facilitate the completion of routine MI related activities. Engage senior management as needed.
Leadership
- Establishes operational objectives and work plans, and delegates assignments to staff.
- Involved in developing, modifying and executing company policies that affect immediate operations and may also have company-wide effect. Works on issues where analysis of situations or data requires an in-depth knowledge of organizational objectives.
- Implements strategic policies when selecting methods, techniques, and evaluation criteria for obtaining results.
- Establishes and assures adherence to budgets, schedules, work plans, and performance requirements. Regularly interacts with senior management or executive levels on matters concerning several functional areas, divisions, and/or customers.
- Requires the ability to change the thinking of, or gain acceptance from, others in sensitive situations, without damage to relationship.
Qualifications
- 12+ years of related experience and 4+ years management experience
- College Degree or equivalent work experience
- 5+ years’ experience with Single-Family GSE business
- Experience with the Mortgage Insurance business
- Quantitative skills specific to single-family mortgage credit
- Strong consultation and communication skills
Keys to Success in This Role
- Quantitative skills specific to single-family mortgage credit
- Strong consultation and communication skills
- Relationship management both external and internal
- Leadership and development of team members
- Participate in collaborative teams in dynamic work and market environment
Top 3 Personal Competencies to Possess
- Leadership – Set and execute upon a clear vision, strategy, and/or goals
- Execution – Diligently perform with attention to detail. Continuously improve work processes rather than accepting the status quo
- Growth and Development – Know or learn what is needed to deliver results and successfully compete
Preferred Skills
Additional Information
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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