Enterprise Risk Management (ERM) Graduate Internship
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Job Description
About Freddie Mac:
Freddie Mac is a government-sponsored enterprise (GSE) that plays a vital role in the U.S. housing finance system. They work to make homeownership and rental housing more accessible and affordable across the nation. They are one of the largest sources of financing for multifamily housing, making home possible for one in four home borrowers. Freddie Mac emphasizes a commitment to diversity and inclusion.
Job Description: Enterprise Risk Management (ERM) Graduate Internship
This is a three-month paid internship within Freddie Mac’s Enterprise Risk Management (ERM) division. The internship offers the potential to transition into a two-year Enterprise Graduate Risk Rotation program upon successful completion and degree attainment.
Responsibilities:
The internship involves supporting various projects contributing to the division’s priorities. These may include:
• Risk Assessment: Assisting in the assessment of business unit exposures by identifying risks, evaluating their potential impact, and reviewing existing controls.
• Analytics and Reporting: Developing and implementing key analytics and reports.
• Strategic Planning: Supporting strategic planning and change management initiatives.
• Financial Analysis: Performing budgeting, forecasting, and cost monitoring activities.
• Project Management: Working on cross-functional projects and teams, assisting with project management tasks.
• Risk Culture Promotion: Promoting a risk-aware culture and ensuring efficient risk and compliance management practices.
Professional Development:
The program offers extensive professional development opportunities:
• Targeted Training: Access to targeted training courses.
• Exposure to Senior Management: Interaction with senior management.
• Skill Building: Development of leadership, business, and analytical skills.
• Networking: Building internal networks and creating a personal brand.
• Mentorship: Support and guidance from program managers, analysts, and mentors.
• Curriculum: A custom-designed training curriculum focused on financial and risk concepts and Freddie Mac’s role in the mortgage market.
• Community Service: Participation in organized community service events.
Qualifications:
• Enrollment in a full-time graduate degree program (MBA, finance, economics, public policy, law, or related field).
• Three to seven years of professional work experience.
• Graduation in December 2025 or May 2026.
Preferred Skills:
• Proficiency in MS Office Suite (especially Excel and PowerPoint).
• Experience with Microstrategy and/or Tableau.
• Strong analytical skills.
• Experience working with large datasets.
Key Success Factors:
• Execution-focused with initiative, accountability, and leadership.
• Strong consultation and influencing skills.
• Teamwork and collaboration abilities.
• Ability to work independently and adapt to change.
• Curiosity and willingness to challenge the status quo.
• Interest or experience in financial markets, securitization, trading, or loan/security portfolio management.
Compensation:
The internship offers a non-negotiable hourly rate of $40/hr. The annualized market-based salary range for related positions is $64,480 – $83,200.
