Job Details

Job Information

2016 Graduate-level Internships - Global Market Access
AW-361-2016 Full Time MBA Finance Leadership Development Program
4/14/2016
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0  USD  - Hourly
3 months

Other Information

www.freddiemac.com
Freddie Mac
8250 Jones Branch Dr
Reston
Virginia
United States
22102

Job Description

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Model Risk Governance:

Freddie Mac’s Modeling & Methods Department (M&M) within the Enterprise Risk Management Division (ERM) is currently seeking an intern to work in their Enterprise Model Control Group.  This position will participate in the execution of model risk management by assisting with ongoing monitoring of the model review function and preparation of model risk reports.

Other Details

No Video Available

Job Duties/Key Responsibilities

  • Assist with the creation of a monthly model review findings report by extracting data, soliciting feedback, making updates and presenting an updated report supported by workpapers to the supervisor.

  • Check model reviews and model documentation for compliance with corporate and departmental standards.

Assist with scheduling and tracking of deliverables.

About Organization

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Freddie Mac was chartered by Congress in 1970 with a public mission to stabilize the nation's residential mortgage markets and expand opportunities for homeownership and affordable rental housing. Our statutory mission is to provide liquidity, stability and affordability to the U.S. housing market. We participate in the secondary mortgage market by purchasing mortgage loans and mortgage-related securities for investment and by issuing guaranteed mortgage-related securities, principally those we call PCs. The secondary mortgage market consists of institutions engaged in buying and selling mortgages in the form of whole loans (i.e., mortgages that have not been securitized) and mortgage-related securities. We do not lend money directly to homeowners. Freddie Mac is operating under a conservatorship that began on September 6, 2008, conducting our business under the direction of the Federal Housing Finance Agency (FHFA).