Director of Climate Risk Analytics and Research

Sequence has been exclusively retained by Freddie Mac to assist in the effort of building their new internal climate risk and policy practice. As part of this initiative, we are seeking a key Director of Climate Risk Analytics and Research.

This role is currently the highest profile of its kind in the United States.

We are specifically looking for a driven, innovative, and execution-focused professional looking who is capable of using data analytical skills to advance the field of climate risk measurement.

The Federal Home Loan Mortgage Corporation (FHLMC or Freddie Mac) is one of the largest sources of financing for single and multifamily housing here in the United States – supporting one in four of America’s home borrowers. This role offers a unique opportunity to significantly impact the way Freddie Mac manages and reports on climate risk. An effort that indirectly carries over to an extensive amount of industry and housing stock of the nation. Freddie Mac aims to help set the standard of practice in their field.

The organization believes that Climate change is unquestionably a defining issue of our time. As our climate continues to evolve, it is critical that Freddie Mac understands the risks that climate change poses to our business model and mission, as well as the mortgage industry and the housing market. This position is key contributor to the team, providing the opportunity to have a direct impact on their mission to provide liquidity, stability, affordability, and equity in the largest mortgage market in the world.

In collaboration with leaders across the enterprise, the organization’s Climate Risk team is developing a framework for Freddie Mac to identify, measure, monitor, control, and report climate-related risks. This will require careful project management and the development and execution of essential reporting processes.

Responsibilities include:

• Lead development of an innovative approach to climate risk quantification, scenario analysis, and data management;
• Design and execute climate scenario analysis to quantify both physical and transition risk to drive insights and decision making;
• Build prototype for translating physical damage loss estimates to climate-adjusted loan-level loss projections;
• Identify and address key data gaps to support risk measurement, monitoring, and research objectives;
• Integrate climate data into existing data infrastructure to ensure accuracy, cleanliness, and reliability;
• Evaluate and leverage external expertise (climate science, data, models) and ensure development of complementary internal capabilities;
• Ensure implementation of climate risk quantification approach and framework in designated areas of the business and integration into decision making;
• Monitor industry advancements in the field of climate-risk measurement and scenario analysis, including best practices by leading organizations such as TCFD, FSOC, RMA Climate Risk Consortium and other large financial institutions;
• Evaluate and integrate industry best practices into climate risk measurement approach, as appropriate;
• Train and mentor more junior staff, and others across the organization; and
• Interface with regulators as needed.
  

Qualifications:

• 12+ years relevant experience, including 4+ years managing a team;
• BS/BA degree in a quantitative field; advanced studies/degree preferred;
• Familiarity with climate data, catastrophe and/or climate risk modeling techniques
• Experience in financial services, housing, and mortgage finance;
• Strong quantitative skills with a background in mathematical and/or statistical techniques, including scenario analysis, stress testing, and other risk quantification methodologies;
• Strong data management skills using analytical platforms to query, analyze data, and prepare reports and presentations;
• Experience using geographic information system (GIS) or mapping techniques preferred;
• Excellent written and verbal communication, critical thinking, relationship management, and prioritization skills;
• Prior climate risk quantification expertise preferred, but not required;
• Climate risk-related qualifications, such as the GARP Sustainability and Climate Risk Certification (SCR) preferred, but not required.

We are being specifically tasked to aggressively seek a dynamic and talented professional capable of contributing to the development and evolution of the internal practice. Leadership is treating this internal group almost like a startup. Practice leadership is extremely outgoing, positive, and motivated.

Keys to Success in this Role:

• Highly motivated to rapidly advance the development of a comprehensive climate risk management framework in fast-paced environment against ambitious timelines
• Accountable self-starter, comfortable taking initiative and navigating new and ambiguous environments
• Intellectually curious; ability to quickly digest new industry information, data and/or regulations and derive insights and determine impacts to our business
• Ability to develop and maintain strong strategic partnerships and to influence stakeholders
• Ability to create and deliver executive materials with clear narratives that can be communicated to a broad audience, including senior management
• Proven ability to learn, successfully drive execution, and innovate new content areas

The role is initially will be remotely based prior to return to work move by the organization. Thereafter, it would ideally be located in their Virginia regional office, but the right candidate could potentially be based in any of their field or regional offices with occasional travel.

Freddie Mac has striven to create an environment and culture where every employee feels energized in life - that means feeling good about what they do and the environment they are in. The organization offers very comprehensive benefits (Health/Dental/Vision, Employee Assistant Plan, 401k with Match, Flexible Spending Account, Life Insurance, AD&D, Vacation, Sick, Short-term and Long-term disability leave) in addition to a host of other programs benefits including student loan repayment, parental leave, and home benefit program. The organization aims to support employees’ total well-being. That same approach carries over to compensation. Anything of reason can be structured for the right individual, including relocation assistance.

For immediate consideration, apply here, through our corporate website at: www.sequencestaffing.com or submit to:

Sequence Staffing
2008 Opportunity Drive, Suite 150
Roseville, CA 95678
Phone: 916-782-6900
Email: jobs@sequencestaffing.com

“Sequence: Where a handshake still means everything."

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