Enterprise Risk Transformation Director

At Freddie Mac, our mission of Making Home Possible is what motivates us, and it’s at the core of everything we do. Since our charter in 1970, we have made home possible for more than 90 million families across the country. Join an organization where your work contributes to a greater purpose.

Position Overview

The Enterprise Risk Transformation Director serves as a leader responsible for advancing the modernization, integration, and execution of the company’s enterprise risk management strategy. Reporting to the Vice President, Enterprise Risk Operations and Transformation, this role drives transformation of the Enterprise Risk operating model, ensuring alignment across the three lines, clarity of risk accountabilities, and adoption of consistent frameworks, tools, and practices that strengthen the organization’s overall risk maturity.

Our Impact

The Enterprise Risk Management department oversees all enterprise risk activities and operations. This new department within Enterprise Risk consolidates functions and activities central to managing the overall risk of the enterprise. The department is responsible for advancing risk management of aggregate and interrelated risks, while leaders in Financial and Non-Financial Risk (compliance & operational risk) domains provide effective oversight of individual and related risks. This department’s functions include the Enterprise Risk Framework, methods and methodology, Enterprise-wide risk systems and implementation of the Governance Risk Compliance (GRC) Program; Risk Appetite, limit setting and monitoring, in conjunction with stress testing and capital planning as well as reporting of risk profiles to the board and executive level; Model Risk to manage the risk associated with the pervasive use of models across the enterprise.

Your Impact

• Strategic Leadership and Transformation
  • Partner with the Vice President and Head of Enterprise Risk Management to shape and execute the multi-year transformation roadmap for Enterprise Risk, including modernization of processes, governance, and capabilities
  • Lead design and implementation of the Enterprise Risk operating model to improve integration, efficiency, and transparency across risk types and business divisions
  • Drive continuous improvement through data-driven insights, technology adoption, and simplification of risk practices
  • Serve as a key change leader, defining transformation milestones, leading adoption efforts, and ensuring alignment with enterprise strategy and regulatory expectations
• Governance and Stakeholder Engagement
  • Partner with business leaders, divisional risk officers, and second-line leaders to strengthen the risk culture, accountability, and effective challenge
  • Act as a strategic advisor to the Head of ERM and senior management on emerging risk trends, regulatory expectations, and best practices
  • Represent the ERM function in cross-functional forums and enterprise initiatives related to risk, transformation, and operational excellence

Qualifications

• 12+ years of progressive experience in enterprise risk management, risk transformation, or related disciplines in financial services or a regulated industry
• Proven success leading cross-functional transformation or operating model initiatives
• Deep understanding of enterprise risk frameworks, independent risk assessment processes, governance structures, and regulatory expectations
• Strong change leadership skills with demonstrated ability to influence senior stakeholders and manage large-scale initiative
• Strong decision‑making skills with the ability to work under pressure effectively to resolve critical issues
• Excellent verbal and written communication skills with the ability to communicate complex information to a variety of audiences, including senior management and regulators, in a clear and actionable manner
• Demonstrated track record of innovation in risk analytics, data infrastructure, or model governance practices.

Keys to Success in this Role

• Effective collaboration to build trust and increase efficiency across the three lines, including the business segment (I&CM, SF, and MF) and Finance Divisions, Enterprise Risk Division, and Internal Audit and with FHFA
• Ability to communicate effectively and efficiently
• Ability to prioritize across multiple competing tasks, manage teams effectively, and deliver timely, high-quality, and well-documented oversight outcomes
• Strong organization skills, analytical mindset, and ability to work in a fast‑paced environment against tight deadlines
• Remain current on the latest risk management developments, regulations, and industry trends
• Ability to attract and develop risk talent

Current Freddie Mac employees please apply through the internal career site.

We consider all applicants for all positions without regard to gender, race, color, religion, national origin, age, marital status, veteran status, sexual orientation, gender identity/expression, physical and mental disability, pregnancy, ethnicity, genetic information or any other protected categories under applicable federal, state or local laws. We will ensure that individuals are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

A safe and secure environment is critical to Freddie Mac’s business. This includes employee commitment to our acceptable use policy, applying a vigilance‑first approach to work, supporting regulatory mandates, and using best practices to protect Freddie Mac from potential threats and risk. Employees exercise this responsibility by executing against policies and procedures and adhering to privacy & security obligations as required via training programs.

CA Applicants: Qualified applications with arrest or conviction records will be considered for employment in accordance with the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act.

Time-type: Full time

FLSA Status: Exempt

Freddie Mac offers a comprehensive total rewards package to include competitive compensation and market‑leading benefit programs. Information on these benefit programs is available on our Careers site.

This position has an annualized market‑based salary range of $191,000 - $287,000 and is eligible to participate in the annual incentive program. The final salary offered will generally fall within this range and is dependent on various factors including but not limited to the responsibilities of the position, experience, skill set, internal pay equity and other relevant qualifications of the applicant.

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