How One Taskforce Is Furthering Our Culture of Belonging
In 2020, Freddie Mac’s Investments & Capital Markets (I&CM) division, which supports the liquidity, stability and affordability of the mortgage markets by purchasing mortgage-related securities, introduced a taskforce to listen and learn from employees’ concerns and questions. It’s since expanded its mission to support the division’s culture, community and talent management goals.
The taskforce is made up of 10 employees from different business areas and can include senior-level employees and above. Taskforce members exhibit leadership skills, have large networks, and are willing to plan and manage events and activities for the benefit of the division.
“Taskforce members exercise their leadership to bring the I&CM division closer together, incrementally improve our culture and awareness, and provide resources and training for all employees,” said Joe Rosner, vice president of cash window in the I&CM department and taskforce member.
The goal of the taskforce is to improve I&CM employees’ sense of belonging and their odds of success, which it does through a series of events and activities that satisfy three primary areas of focus: culture, community and talent management. Activities and events include:
- Listening sessions.
- Mentorship circles.
- A speaker series.
- An employee giving campaign, a fundraiser and charity drives.
These events meet I&CM employees where they are and are well attended. The mentorship circle counts 60 participants, several hundred attend listening sessions and the speaker series, and the employee giving campaign resulted in over $15,000 in donations — including Freddie Mac matches — in 2022 , according to Joe.
“We want people to have a sense of belonging within I&CM,” Joe said. “And one of the ways we can incrementally improve on that is by hosting events and bringing people together.”
By hosting these events, the taskforce — and its dedicated senior management sponsors and volunteers — aims to build community. But it’s through tailored content offerings that the taskforce hopes to drive culture and boost talent management.
“For us, culture means spreading awareness on the value of diversity,” said Jin Xu, quantitative analytics senior manager and taskforce member. “Our mentorship circles are group discussion sessions about personal and professional topics, but we also hosted speaker events with women leaders, neurodiverse individuals, and our chief diversity and inclusion officer.”
Helping employees do better with what they have and self-empowerment are common themes for the taskforce, which is where talent management comes in. The taskforce offers leadership training and works to connect employees with other training resources.
“At the end of the day, the impact the taskforce makes is the result of buy-in from across the organization, from c-level executives to professional- and associate-level employees,” said Kumar Thirunavukarasu, trading analytic model development senior director and taskforce member. Without their support, the taskforce could not make the impact it has.
“It’s the active involvement from all levels of Freddie Mac employees that propels the taskforce’s mission forward,” he said. “Our work is ongoing, but what’s important is that we’re all in this together.”
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