Manager QA Activities, Oversight, and FIU Support (Hybrid - 3 Days in Office VA)

$115,000 - $173,000/Yr

Freddie Mac - Dallas, TX

Full-time - Mid Level

Hybrid - Dallas, TX

Credit Intermediation and Related Activities

About the position

The Manager of QA Activities, Oversight, and FIU Support at Freddie Mac plays a crucial role in ensuring compliance with regulations related to anti-money laundering (AML) and the Bank Secrecy Act (BSA). This position is responsible for overseeing the quality assurance processes related to counterparty screening and providing support to the Financial Intelligence Unit (FIU). The role involves collaborating with various teams to audit and validate alert dispositions, assess remediation documents, and drive improvements in oversight activities and the overall AML/Fraud program.

Responsibilities

• Perform QA monitoring and oversight activities of first line QA processes.
• Periodically review first line Financial Crimes risk management processes, controls, and procedures for counterparty screening.
• Audit and validate the appropriateness and sufficiency of watchlist alert dispositions, identifying areas for improvement.
• Summarize QA oversight results with analysis in memorandums for senior management.
• Collaborate with divisions on enhanced due diligence expectations and best practices; consult and enhance training job aids.
• Document appropriate second line procedures that comply with FM's Financial Crimes Risk Standard.
• Review and assess the accuracy of monthly and quarterly regulatory and enterprise watchlist QA metrics shared by stakeholders.
• Summarize and report potential issues early and clearly for relevant audiences.
• Partner with internal partners, including senior management, to define and manage enhanced due diligence expectations and new QA reporting needs.
• Deliver standard oversight memos and reporting metrics, while innovating on new ways to access and deliver information.
• Support the business in addressing and mitigating AML/OFAC screening and quality control reviews.
• Perform periodic quality reviews to ensure completeness, accuracy, and timeliness of alert dispositions; conduct a comparative analysis of documentation utilized to disposition alerts.
• Work with all divisions to evaluate the effectiveness of divisional procedures and job aids related to AML/OFAC screening and to evaluate the effectiveness of the QA program.
• Support, participate, and identify operational improvements and enhancements through daily work and special projects.
• Ensure risks associated with business activities are effectively identified, measured, monitored, and controlled in accordance with risk and compliance policies and procedures.

Requirements

• Bachelor's Degree in a related field; advanced degree preferred.
• Typically has 8-10 years of related experience and 2+ years of management experience.
• Experience with BSA/Anti-Money Laundering and OFAC requirements, with a working knowledge of how those requirements are operationalized, preferably within a first line of defense.
• Ability to think critically and confirm experience with oversight activities.
• Creative problem-solving ability.
• Expertise in applying Financial Crimes, Compliance, or Risk Management fields.

Nice-to-haves

• Experience in financial crimes data integration across applications.
• Familiarity with data analytics tools and methodologies.

Benefits

• Competitive compensation
• Market-leading benefit programs
• Annual incentive program