Climate Strategy Senior (Hybrid- 3 Days in Office)

JOB DESCRIPTION

At Freddie Mac, you will do important work to build a better housing finance system and you’ll be part of a team helping to make homeownership and rental housing more accessible and affordable across the nation.

Position Overview :

At Freddie Mac we are looking for driven, innovative and execution-focused business management professionals looking to make an impact on the domestic housing market.

We are looking for a candidate with a passion to work on the impact of climate change on the US housing market, with excellent communication, organizational and project management skills.

This role will help further our efforts to measure, mitigate, and manage climate related risks by promoting climate change focused policy changes in the single-family business.

Apply now and learn why there’s #MoreAtFreddieMac!

Our Impact :

Our team is responsible for analytical work and business management functions within the single-family portfolio division as well as advancing climate risk management at Freddie Mac, including :

Analyzing the impact of physical and transition risks from climate change to Freddie Mac’s portfolio of real estate loans.

Designing plausible future scenarios for physical risk from flood, wind, fire, heat, and drought using the best-in-class climate adjusted cat models and downscaled GCM projections.

Evaluating and vetting climate change-related data and data gaps within the enterprise

Implementing a governance framework for climate risks

Facilitating climate change-related research projects throughout the enterprise

Developing and implementing climate change-related disclosures

In collaboration with leaders across the enterprise, our team is focused on executing a framework for Freddie Mac to identify, measure, monitor, control, and report climate-related risks.

This includes the crucial task of integrating climate risk into existing risk management structures and ensuring climate risk, including impacts on vulnerable communities, are considered in key business decisions.

Your Impact :

As a member of our team, you will have a direct impact on our mission to provide liquidity, stability, affordability, and equity in the largest mortgage market in the world.

In this role you will be an integral part of evaluating Freddie Mac’s exposure to climate risk and will be expected to help with or lead :

Support business management functions across the analytical team.

• Support multiple concurrent projects related to the identification, assessment, control, monitoring, and reporting of climate related risks;
• Find opportunities to develop new strategies to control or mitigate climate related risks, including the impacts on vulnerable communities, as well as how climate related risks may influence key business decisions;
• Recommend solutions for addressing gaps and advise on new practices and systems to be established to effectively manage climate risk;
• Support multiple business functions in implementing a climate risk management framework;
• Work to improve the climate risk management framework with relevant business partners;

Monitor industry advancements and the development of standard processes in the field of climate-risk management by leading organizations to ensure developments are considered in Freddie Mac's framework; and

Contribute to the development of education, awareness, and communication activities to promote integration of climate into risk management practices and deepen institutional knowledge across the company

Qualifications :

5 -7 years professional work experience

BS / BA degree in Finance, Economics, Environmental Management, Sustainability, Climate Risk Management or other relevant field

Experience in financial services, housing, mortgage finance,

Experience with climate change related topics such as the Task Force on Climate-related Financial Disclosures (TCFD) framework or other relevant regulatory compliance

General familiarity with catastrophe and / or climate modeling

General awareness / experience with credit risk, loss forecasting and / or stress testing desired

Knowledge of climate-related physical and transition risks and the transmission channels through which these manifest for financial institutions

Experience identifying patterns and trends in data, developing actionable plans, and effectively communicating findings to a broad audience in a way that is engaging and easy to understand

Excellent written and verbal communication, critical thinking, relationship management, and prioritization skills

Strong abilities in project management, organization, data analysis, and report / presentation preparation

GARP SCR, CFA Climate Risk Certificate or equivalent training preferred.

Keys to Success in this Role :

Self-starter, comfortable taking initiative, and navigating new and ambiguous environments

Ability to build and maintain strong strategic partnerships and to influence stakeholders without direct authority

Engaged, collaborative, and supportive teammate

Strong track record of creative problem solving, ownership and accountability

Clear and regular communicator with strong attention to detail

Ability to operate effectively in a fast-paced environment and multi-task / meet strict timelines

Intellectually curious; ability to quickly digest new industry information, data and / or regulations and derive insights and determine impacts to our business

Highly motivated to rapidly advance the firm's plan to establish a comprehensive climate risk management framework against ambitious timeline

Ability to create executive materials with clear narratives that can be communicated to upper management and a broad audience

Current Freddie Mac employees please apply through the internal career site.

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.

We are an equal opportunity employer and value diversity and inclusion at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, disability status or any other characteristic protected by applicable law.

We will ensure that individuals with differing abilities 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.