Market Risk Manager Jobs in Virginia (NOW HIRING)

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.

Are you an innovative risk leader who wants to make an impact? Are you interested in applying your passion, talent, and ambition to support affordable and sustainable housing for families in communities nationwide? Join the Enterprise Risk Division as a Portfolio Risk Management Senior Business Lead!

The Portfolio Risk Management Senior Business Lead conducts Enterprise Risk counterparty risk analytics, governance, and oversight for Freddie Mac's Single-Family (SF) and Multifamily (MF) mortgage portfolios. The role assesses, monitors, and communicates risks related to mortgage insurers (MIs), seller/servicers (S/S), banks, and other SF/MF counterparties-combining financial analysis, portfolio surveillance, market monitoring, and transaction-driven risk assessments to support risk appetite, approvals, and senior management decision-making.

Counterparty Risk Analytics & Oversight

• Lead counterpartyfocused risk analysis for SF/MF portfolios, with primary responsibility for mortgage insurers, reinsurers, and/or seller/servicers.

• Lead assessment of counterparty financial strength, including liquidity, earnings, funding profile, capital adequacy, profitability, risk indicators, and qualitative risk factors, and evaluate potential impacts to counterparty credit risk.

• Perform counterparty risk attribution and trend analysis to explain changes in counterparty exposures, risk profiles, and concentrations over time.

• Lead or provide independent risk assessments for transaction-driven counterparty matters, including mergers and acquisitions, significant initiatives, and Freddie Mac's new or expanded counterparty activities.

• Support counterparty onboarding and approval workstreams, including coordination across stakeholders and ensuring required artifacts are complete for decisioning.

• Review and provide risk assessments for methodologies and frameworks used for counterparty risk management such as counterparty exposures or counterparty ratings.

Ongoing Counterparty Surveillance

• Design and maintain ongoing counterparty monitoring frameworks, including financial metrics, performance indicators, and earlywarning signals for SF/MF counterparties.

• Identify, assess, and clearly articulate emerging counterparty risks, including deterioration in financial condition, structural vulnerabilities, or adverse market developments.

• Provide timely, decision-relevant risk insights to support proactive risk management actions. Escalate material counterparty concerns, mergers and acquisitions, limit breaches, or governance issues to senior risk leadership, and support CRO- and committee-level visibility as needed.

CrossFunctional Collaboration

• Partner closely with SingleFamily, Multifamily and Counterparty Credit Risk teams to ensure alignment of data, analytics, and risk messaging.

• Work closely with other Enterprise Risk teams, including Credit, Model Risk, Compliance, and Third-Party Risk Management, to support end-to-end risk governance across credit, capital, model, and regulatory dimensions.

• 10+ years of experience in counterparty credit risk and mortgage credit risk, with demonstrated expertise in counterparty financial analysis (capital adequacy, liquidity, earnings sustainability, funding structures, and stress performance) across financial institutions and non-bank counterparties.

• Strong business and risk knowledge of mortgage insurers (MIs), reinsurers (RIs), and/or seller/servicers, including operating models, regulatory frameworks, capital regimes, and performance drivers across market cycles (preferred).

• Quantitative degree preferred in finance, economics, mathematics, statistics, or a related field; master's degree or professional certifications (e.g., FRM, CFA) a plus.

• Strong decision-making skills, with the ability to work effectively under pressure 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.

• Experience analyzing complex financial data and using risk management and financial analysis tools (e.g., Python, R, Excel) a plus.

• Lead and mentor a team of analysts focused on counterparty and portfolio risk analytics.

• Promote strong analytical judgment, sound risk reasoning, and clear executivelevel communication.

• Drive continuous improvement in counterparty risk frameworks, policy standards, assessment documentation, and controls.

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.

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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.