The posting
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:
If you are a self-motivated critical thinker with a passion for multifamily real estate, Freddie Mac might be the employer for you. We are looking for an Audit Associate for our Counterparty Risk & Compliance (CRC) group’s Audit team. Strong analytical and interpersonal skills are a must!
The Audit Team within Counterparty Risk & Compliance performs operational audits of Freddie Mac’s Multifamily Seller/Servicers annually to assess their compliance with contractual eligibility, loan origination, and loan servicing requirements and to assess operational risks posed to Freddie Mac by the Seller/Servicer network.
As an Audit Associate you will analyze and test each Seller/Servicer’s compliance with the Multifamily Seller/Servicer Guide and governing securitization documents in the following areas: Overall Control Environment, Underwriting, Loan Administration, Asset Management, Accounting, and AML, OFAC and Fraud. You will assist Audit Leads with open discussions with Freddie Mac Partners and Business Units regarding specific customer attributes and potential shortfalls. To be successful, test work should be completed within predetermined timeframes.
Our Impact:
Counterparty Risk & Compliance is responsible for the evaluation and management of Freddie Mac's exposure to its approved counterparties' operational risk. CRC achieves its mission through the various activities described as follows: approves new Seller/Servicers, and reviews annual Seller/Servicer certifications to ensure continued eligibility; performs multiple risk mitigation activities including portfolio seizures, transfers of servicing and approval of Seller/Servicer organizational changes; conducts annual audits to assess the operational and financial strength of the Multifamily Seller/Servicer network and compliance with Freddie Mac requirements; terminates Seller/Servicers for poor performance or low production. CRC is also responsible for maintaining the Multifamily Division's ratings as both a Master Servicer and Special Servicer.
Your Impact:
As an Audit Associate you will identify areas where Seller/Servicers can strengthen their controls and improve their processes. Your contributions will support the team’s ongoing monitoring of operational risks posed to Freddie Mac by our Seller/Servicer network.
Qualifications:
- Bachelor’s degree in a business-related field (Finance, Accounting, Real Estate, etc.) or a non-business-related field that required fine critical thinking skills (Psychology, etc.)
- 0-2 years of experience in commercial real estate
- Proficiency with Microsoft Office products, especially Excel and Word
- Proven track record to work accurately and timely on projects with specific and measurable due dates and goals
Keys to Success in this Role:
- Strong written and verbal communication skills with strong attention to detail
- Ability to prioritize and be self-directed
- Excellent critical thinking skills
- Strong organizational and time management skills
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.
Notice to External Search Firms: Freddie Mac partners with BountyJobs for contingency search business through outside firms. Resumes received outside the BountyJobs system will be considered unsolicited and Freddie Mac will not be obligated to pay a placement fee. If interested in learning more, please visit www.BountyJobs.com and register with our referral code: MAC.
Time-type:Full time
FLSA Status:Non-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 $60,000 - $90,000 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.
