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Operational Risk Jobs in Washington, DC (NOW HIRING)

Freddie Mac is seeking an Operational Risk Professional to join the Investments & Capital Markets (I&CM) division. Are you someone who loves to challenge the status quo and leverage your critical ...

The Operational Risk Manager role is responsible for supporting the delivery and management of Mars Inc Operational Risk Programs such as Risk Engineering, Business Resilience, and other loss ...

Operational Risk Business Lead

Mclean, VA · On-site

$126K - $188K/yr

As an Operational Risk Business Lead, you will: * Deliver independent oversight of Freddie Mac divisions, ensuring operational risks are identified, measured, monitored, and controlled within ...

Operational Risk Professional

Mclean, VA · On-site

$74K - $112K/yr

Freddie Mac is seeking an Operational Risk Professional to join the Investments & Capital Markets (I&CM) division. Are you someone who lovesto challenge the status quo andleverageyour critical mind?

The WBG Operational Risk Team is responsible for Operational Risk, Corporate Insurance, integrated risk oversight, and the building of resilience to the disruption of critical systems. The team leads ...

As an Operational Risk Business Lead, you will: * Deliver independent oversight of Freddie Mac divisions, ensuring operational risks are identified, measured, monitored, and controlled within ...

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Operational Risk information

See Washington, DC salary details

$44K

$96.9K

$174.9K

How much do operational risk jobs pay per year?

As of Aug 29, 2026, the average yearly pay for operational risk in Washington, DC is $96,857.00, according to ZipRecruiter salary data. Most workers in this role earn between $73,900.00 and $117,900.00 per year, depending on experience, location, and employer.

What is operational risk?

Operational risk refers to the potential for losses resulting from inadequate or failed internal processes, people, systems, or external events. Unlike credit or market risk, operational risk is related to the day-to-day operations of a business and can include issues such as fraud, system failures, natural disasters, or human error. Managing operational risk is essential for organizations to ensure business continuity, regulatory compliance, and to protect their reputation and assets.

How does an operational risk professional typically interact with other departments within an organization?

Operational Risk professionals work closely with a variety of teams, such as compliance, internal audit, IT, and business units, to identify and assess risks that could impact the organization's operations. They often facilitate risk assessments, lead training sessions on risk awareness, and collaborate on developing controls and mitigation strategies. Building strong relationships and communicating effectively across departments is essential, as much of the role involves influencing others and ensuring risk management practices are integrated into daily operations.

What are the key skills and qualifications needed to thrive as an operational risk professional, and why are they important?

To thrive as an Operational Risk professional, you need strong analytical skills, risk assessment expertise, and a background in finance, business, or risk management, often supported by relevant certifications such as FRM or ORM. Familiarity with risk management frameworks, data analysis tools, and governance, risk, and compliance (GRC) systems is typically required. Exceptional communication, attention to detail, and problem-solving abilities are crucial soft skills for identifying risks and collaborating across departments. These skills ensure that operational risks are effectively identified, assessed, and mitigated, protecting the organization from potential losses and regulatory issues.

What is the difference between Operational Risk vs Credit Analyst?

AspectOperational RiskCredit Analyst
Required CredentialsCertifications like FRM, PRM often preferredCertifications such as CFA, credit-specific courses
Work EnvironmentBanking, financial institutions, risk management departmentsBanking, lending institutions, financial services
Employer & Industry UsageUsed across financial sectors to manage risksUsed in lending to assess creditworthiness
Comparison Search IntentUnderstanding risk management rolesAssessing credit risk and loan eligibility

Operational Risk focuses on identifying and mitigating risks within business operations, including processes, systems, and people. Credit Analysts evaluate the creditworthiness of individuals or companies to determine loan eligibility. While both roles are within the financial industry, Operational Risk professionals concentrate on risk management frameworks, whereas Credit Analysts focus on credit assessment and lending decisions.

Is operational risk management a good career?

Operational risk management is a valuable career path in finance and banking, focusing on identifying and mitigating risks related to daily business operations. It requires strong analytical skills, knowledge of risk frameworks, and often certifications like FRM or ORM. The role offers opportunities for advancement and stability in regulated industries.

What are the most commonly searched types of Operational Risk jobs in Washington, DC?

The most popular types of Operational Risk jobs in Washington, DC are:

What are popular job titles related to Operational Risk jobs in Washington, DC?

For Operational Risk jobs in Washington, DC, the most frequently searched job titles are:

Infographic showing various Operational Risk job openings in Washington, DC as of August 2026, with employment types broken down into 67% Full Time, and 33% Part Time. Highlights an 67% In-person, and 33% Remote job distribution, with an average salary of $96,857 per year, or $46.6 per hour.

Operational Risk Professional

Mclean, VA • On-site


Freddie Mac
Finance and Insurance • 5 - 10K employees

9.2

Company rating: 9.2 out of 10

Based on 5 frontline employees who took The Breakroom Quiz

Good employer

Respectful managers

Learn new skills


Full-time

This job post has expired 3 days ago. Applications are no longer accepted.


Job description

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:
Freddie Mac is seeking an Operational Risk Professional to join the Investments & Capital Markets (I&CM) division. Are you someone who loves to challenge the status quo and leverage your critical mind? Do you want your work to be meaningful and make an impact in the housing industry? Apply now and support our mission to #makehomepossible!
Our Impact:
The Treasury Governance team within the Investments & Capital Markets Division sets the policy and requirements that governs the end-to-end payment process and provide oversight and advisory for payment processing activities across Freddie Mac.
We help the company to manage risks related to payment process to an acceptable level and report on the end-to-end payment risk profile.
Your Impact:
  • Support maintenance of Payment Risk Management Framework that conforms with industry leading practices, standards and specifications;

  • Support maintenance of Corporate policies, procedures and standards for corporate payment process;

  • Support oversight of business area's compliance with Corporate procedures for corporate payment process;

  • Support periodic corporate aggregation assessments of unmitigated payment risks across the company;

  • Support periodic reporting of the aggregated payment fraud risks, KRIs, KPIs, and KCIs for the end-to-end payment management reporting

  • Support periodic risk and control assessments for payment processes as outlined in Corporate Risk Assessment Standard;

  • Support the development of end-to-end payment process control testing oversight plan;

  • Execute the end-to-end design review of controls for all payment processes

  • Execute manual/automated control testing oversight. Challenging test scripts and test of one and operating effectiveness results from an end to end view;

  • Review significant changes that impact payment processes or systems to determine that the risk and controls have been adequately assessed from an end-to-end view;

  • Support training Freddie Mac staff about payments fraud; industry trends and appropriate safeguards and tips; and

  • Support other assigned governance and advisory activities

Qualifications:
  • Bachelor's degree plus 2-4 years of operational risk/process management and/or audit experience

  • Strong working knowledge of Microsoft Office (Excel, PowerPoint, Word, SharePoint, Visio)

  • Previous big four experience and/or relevant professional certifications (CPA, CFA, Six Sigma green belt/black belt, CIA, etc.) a plus

  • Familiarity with the COSO internal control framework

  • Knowledge of payment processing, third party and information and technology risk and control capabilities (architecture, identity and access management, software/hardware security)

  • Basic understanding of AI concepts and their business applications is a plus

Key to Success in this Role:
  • Enthusiasm for learning about AI tools and their practical implementation

  • Detail-oriented, analytical and good written and verbal communication skills

  • Ability to understand and work with a diverse group of stakeholders within first and second line functions

  • Self-motivated, pro-active, and result-driven problem solver with the capability of managing multiple priorities without heavy supervision

  • Capable of working independently or within a collaborative team environment

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 $74,000 - $112,000 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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About Freddie Mac

Sourced by ZipRecruiter

Today, Freddie Mac makes home possible for one in four home borrowers and is one of the largest sources of financing for multifamily housing. Join our smart, creative and dedicated team and you'll do important work for the housing finance system and make a difference in the lives of others.

Industry

Finance and insurance

Company size

5,001 - 10,000 Employees

Headquarters location

McLean, VA, US

Year founded

1970


What Freddie Mac employees say

Pay

Hours and flexibility

Workplace

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