The Model Audit team at Freddie Mac is currently seeking an Internal Audit Professional who has a diverse skill set to be able to perform audit testing for a variety of models, including models that use artificial intelligence and machine learning techniques. Model audits are risk-based and require in-depth knowledge of model methodology and limitations.

Apply now and learn why there’s #MoreAtFreddieMac! 

The team is primarily responsible for providing model risk assurance across all material models and model processes used at Freddie Mac. Models at Freddie Mac help Make Home Possible. 

In this role, the Internal Audit Professional will be an integral part of Model Audit team and will be expected to have the following responsibilities: 

• Performs model and artificial intelligence and machine learning (AI/ML) audits, reviews or conducts analytics, and validates model issues from internal or external sources.  

• Comprehends the mathematics, statistics, and AI/ML techniques used for evaluating risk associated with Freddie Mac’s complex models, such as models of default, prepayment, pricing, valuation, derivatives, interest rates, stress testing and counterparties.  

• Executes audit activities to analyze and test governance and controls over model/AI/ML data, development, conceptual soundness, implementation, performance monitoring, validations, second line oversight and the model risk framework.  

• Documents testing results in work papers, identifies model issues, communicates model audit conclusion with Model Audit Seniors, Tech Leads, Managers, Directors, and Officers consistent with Internal Audit methodology and policies and procedures.  

• Participates in status meetings, potential findings discussions, and team meetings, meetings with other internal audit teams, and our audit clients. 

• Master’s degree in quantitative finance, economics, statistics or a related quantitative field.  

• Coursework or work experience writing statistical and/or optimization programs to develop models and algorithms. Programming languages may include—but are not limited to—Python, R, SQL, Java, SAS, and MATLAB.  

• Effective verbal and written communication and people skills. 

• Critical thinker with ability to understand complex processes and willingness to ask tough questions. 

• Willingness to learn and obtain a certification in data science or artificial intelligence.  

• Experience with large, complex financial institutions, and/or Big 4 experience with internal/external audit is preferred.  

• Possession or willingness to pursue certifications in Internal Audit (CIA, CPA, CISA) is preferred.  

Keys to Success in this Role 

• Critical thinking skills.  

• Quantitative modeling skills in economics, statistics, mathematics, quantitative finance, or other quantitative fields.  

• Proactively learns audit methodology, AI/ML techniques, model governance (which includes evaluating model policies, procedures, oversight, model risk reporting, etc.), and Freddie Mac’s business.  

• Proactively seeks to support other team members.  

• Developing good communication skills (verbal and written) to explain and document control or substantive testing results.  

• Develops and maintains a trusting environment that encourages collaboration, inclusivity, and valuing all perspectives.  

• Develops ability to deliver good quality audit workpapers within the allocated time.