Join Freddie Mac: Making Home Possible
At Freddie Mac, our motivating mission, Making Home Possible, is woven into the fabric of everything we do. Since our inception in 1970, we have succeeded in making homeownership a reality for over 90 million families across the United States. By joining Freddie Mac, you are not only choosing a career, but you are also contributing to a broader purpose.
Position Overview: Treasury Operations Associate
We are actively looking for a dedicated Treasury Operations Associate to become part of our team in Plano, TX. The role involves overseeing payment execution and ensuring all cash activities are processed in line with corporate compliance and regulatory guidelines, including those outlined by the Office of Foreign Assets Control (OFAC).
The successful candidate will also be responsible for processing cash/securities wires and ACH payments to support the firm’s various business lines. Duties will also include daily balancing/reconciling with banks and clearing firms, and providing governance over the authorized payment approvers process. The role requires managing associated risks effectively.
Our Impact
The Treasury Operations team plays a critical role in ensuring that cash activity is processed in accordance with regulatory and corporate guidelines across the company. Our Investment and Capital Markets team is tasked with managing our mortgage-related investments portfolio, single family, securitization activities, and treasury functions.
Your Impact
Payment Execution and Operational Risk Management
- You will govern authorized payment approvers, Electronic Funds Transfer (EFT) Authority process and payment instructions setup.
- You will assist in projects aimed at strengthening Freddie Mac’s payment processing, including undertaking new business impact.
- You will develop, modify, and execute departmental controls and procedures.
Payment Fraud Prevention
- You will perform detective and preventative payment monitoring to identify fraud and operational errors.
- You will ensure the integrity of the company’s wire and ACH payment instructions.
- You will monitor transactions for adherence to OFAC requirements.
Resiliency – Risk Management
- You will execute risk assessments and document processes to ensure the firm can effectively respond in the event of a resilience event.
- You will partner with Information Technology to develop, maintain and test disaster recovery and restoration plans.
- You will design and execute business resiliency/disaster recovery tests.
- You will perform supplier risk assessments.
Bank Relationship Management and Other Responsibilities
- You will manage banking relationships/bank services.
- You will evaluate monthly bank fees.
- You will prepare and present monthly Treasury Operations management reports focusing on key risk indicators, key control indicators, and payment volumes.
- You will provide strong support to stakeholders.
Qualifications
- Relevant Bachelor’s Degree and/or equivalent experience with 1+ year of relevant work experience.
- Understanding of Treasury Services, Cash Management and Banking Services including investment instruments, rules, regulations, compliance, fraud prevention, and related risks are preferred.
- Understanding of the Federal Reserve payment systems is desirable.
- Advanced Excel knowledge or equivalent and Tableau is preferred.
- Demonstrated strong data analytical skills.
Keys to Success in this Role
- Banking and Financial industry knowledge, NACHA processes/rules, Microsoft Excel and Word (preferred).
- Strong verbal and written communication skills.
- Strong analytical, critical thinking and problem-solving skills.
Current Freddie Mac employees are encouraged to 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.
Freddie Mac offers a comprehensive total rewards package to include competitive compensation and market-leading benefit programs. This position has an annualized market-based salary range of $60,000 – $90,000 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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