Climate Risk Manager (Hybrid – 3 Days in Office - VA)

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 :

The Single-Family Climate Risk team is seeking a Climate Risk Manager to develop the company's understanding and measurement of climate transition risk.

Together, we will determine how the transition to a lower-carbon economy may impact housing and drive financial risk at Freddie Mac.

Are you determined, self-motivated and persistent in the pursuit of understanding? If so, apply today to our Single-Family Portfolio Analytics Team and learn why there’s #MoreAtFreddieMac!

Our Impact :

Climate change is unquestionably a defining issue of our time! Our team is working to understand the risk that climate change poses to Freddie Mac's business and mission to provide liquidity, stability, affordability, and equity in the US mortgage market.

We are developing methods to quantify climate risks and working to integrate climate risk throughout the business to ensure that climate risk, including impacts on vulnerable communities, is considered in key business decisions.

Your Impact :

This individual will play an integral role in defining how Freddie Mac understands and measures climate transition risk for mortgages.

You will build upon a foundation, broadening and deepening our understanding of the wide range of factors that drive transition risk.

You will help advance our knowledge, staying current with transition risk research as policies and markets change with technology advancements. You will also :

• Research publications, news, and other sources to understand the impact of the transition to a lower-carbon economy on housing.
• Study the costs of property ownership, including investments in energy efficiency improvements, and the impacts of energy efficiency on property values.
• Identify and work with data to support measuring the impacts of the low-carbon transition.
• Manage and / or advise resources to develop the analytics environment to quantify our transition risk exposure.
• Develop strategies to incorporate climate risks into credit risk analysis, capital planning and risk appetite assessment.

Qualifications :

• Bachelor's Degree or equivalent (Master's Degree preferred) and 8+ years professional experience
• Experience in energy efficiency and / or emissions reduction activity or policies; or experience in related subject such as housing or risk management with demonstrated interest in energy efficiency or climate transition topics
• Perform research and assess impacts of natural disasters
• Ability to translate and present sophisticated topics
• Strategically address problems without known solutions, and eager to consider and advance new approaches to problems
• Sufficient technical experience to prototype methods in Excel, Python, or R, etc.

Keys to Success in this Role :

• Self-starter, comfortable taking initiative and navigating new and ambiguous environments
• Translate business requirements to well-defined analytical problems and translate the analytical results back to business language
• Willingness to be flexible and take direction, incorporate feedback, and refocus efforts when needed
• Operate successfully in a fast-paced environment and deliver results on schedule
• Intellectually curious; ability to quickly digest new research or industry information and derive insights about impacts to our business

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.