Serves as an examiner responsible for planning, organizing and completing examinations of the FHLBanks to ensure financial safety and soundness and housing mission achievement. Is responsible for developing and executing examinations that assess the level of market risk and the quality of market risk management. Evaluates the effectiveness of the institution's market risk governance framework, risk measurement, management and control processes, and the internal audit of market risk activities.Learn more about this agency
Evaluate the level of risk to market value of equity and net interest income from parallel and non-parallel rate changes as well as from key basis spread changes. This includes both an evaluation of price sensitivity (duration) and how that sensitivity changes with changes in interest rates (convexity) over a plausible range of rate scenarios.
Evaluate the process for managing risk as carried out by the corresponding business unit function, including the functions for acquiring assets, and funding and hedging the assets.
Evaluate the market risk oversight functions provided by the FHLBank board, including any designated "risk committee," and senior management, including the Asset-Liability Management Committee.
Evaluate the independent Chief Risk Officer function, including the measurement of risk and independent assessment of the risk management function.
Evaluate the adequacy of policies for establishing authorizations and responsibilities, risk strategies, and risk limits. Evaluate the adequacy of procedures for promulgating controls over the risk management process.
Evaluate the Internal Audit coverage of the market risk management process.
Develop examination work plans to determine the scope of examination activities and develop new or adapted work methods and procedures.
Conduct examinations and reviews in one or more examination areas and assist with the coordination of examination resources and activities in assigned areas.
Determine the scope of the analysis required, develop sources of material appropriate for the evaluation of new or unique types of activities or operations, develop new or adapted work methods and procedures, and perform research to identify material suitable for complex issues/risks.
Draft written reports including evaluative comments appropriate to the complexity of operations under examination.
Document examination findings through a combination of source documents, report comments, and other examination workpapers that address both management practices and condition.
Stay abreast of significant issues or events and emerging risks that may affect the continued safe and sound operations of the FHLBanks, as well as provide first-hand experience concerning industry problems and the adequacy of current examination techniques in dealing with them.
Maintain knowledge of issues, trends, and advances in risk management and risk-based examinations of large, complex financial institutions.
50% or less - You will be expected to travel for this position approximately 50% of the time.
Job family (Series)
Conditions Of Employment
- Travel is required to the Federal Home Loan Banks, Office of Finance and Agency headquarters.
- The salary range listed above is the basic pay range for the EL 12/13/14 levels in Washington, DC. Selected candidate's actual pay range will be increased or decreased based on his/her geographical duty station.
- If the selectee's duty station (his/her private residence) it must allow ready access to a major metropolitan airport, which offers direct, reasonably efficient routes (from a time and cost perspective) to cities in which the FHLBanks are located.
- Resume and supporting documents (See How To Apply)
- Suitable for Federal employment, as determined by background investigation
- May be required to successfully complete a probationary period
- Must have or had status in the competitive service, be eligible due to military service or through non-competitive hiring authorities.
- Males born after 12-31-59 must be registered for Selective Service
- Only experience and education obtained by the closing date of this announcement will be considered.
- Status candidates must meet time-in-grade requirements (52 weeks at the next lower grade level).
- The selectee/s will be placed on either an Examiner or Senior Examiner position description. Market Risk will be the focus of the position.
- The successful candidate will also enroll in the FHFA Housing Finance Examiner (HFE) Commission Program, unless the person holds a commission from another Federal banking agency.
QualificationsQualifying experience for the EL-12 level includes one year of specialized experience at least equivalent to EL-11(GS-11) which is in or directly related to the line of work of the position to be filled and which has equipped the applicant with the particular knowledge, skills, and abilities to successfully perform the duties of the position.
Qualifying experience for the EL-13 level includes one year of specialized experience at least equivalent to EL-12(GS-12) which is in or directly related to the line of work of the position to be filled and which has equipped the applicant with the particular knowledge, skills, and abilities to successfully perform the duties of the position.
Qualifying experience for the EL-14 level includes one year of specialized experience at least equivalent to EL-13(GS-13) which is in or directly related to the line of work of the position to be filled and which has equipped the applicant with the particular knowledge, skills, and abilities to successfully perform the duties of the position.
Examples of specialized experience include the following:
- Experience as a financial institution examiner assisting on the market risk or market model risk examination program of a large, complex financial institution.
- Experience as a financial institution examiner working within the market risk management or market risk oversight of a large, complex financial institution.
- Experience building or operating a market risk model of a financial institution.
The level of supervision decreases and knowledge needed increases as the grade level increases.
Experience refers to paid and unpaid experience, including volunteer work done through National Service programs (e.g., Peace Corps, AmeriCorps) and other organizations (e.g., professional; philanthropic; religious; spiritual; community, student, social). Volunteer work helps build critical competencies, knowledge, and skills and can provide valuable training and experience that translates directly to paid employment. You will receive credit for all qualifying experience, including volunteer experience.
This job does not have an education qualification requirement.
If you are a veteran with preference eligibility and are claiming 5-points veterans' preference, you must submit a copy of your DD-214 or other proof of eligibility. If you are claiming 10-point veterans' preference, you must also submit an SF-15, "Application for 10-Point Veterans' Preference" plus the proof required by that form. For more information on veterans' preference visit: https://www.usajobs.gov/Veterans.
Males born after 12-31-59 must be registered or exempt from Selective Service (see https://www.sss.gov/RegVer/wfRegistration.aspx).
Career Transition Assistance Programs: These programs apply to employees who have been involuntarily separated from a Federal service position within the competitive service or Federal service employees whose positions have been deemed surplus or no longer needed. To receive selection priority for this position, you must: (1) meet CTAP or ICTAP eligibility criteria; (2) be rated well-qualified for the position with a score of 90 or above; and, (3) submit the appropriate documentation to support your CTAP or ICTAP eligibility. For more information visit: http://www.opm.gov/rif/employee_guides/career_transition.asp.
FHFA is an Equal Opportunity Employer and all qualified applicants will receive consideration for employment regardless of race, color, religion, gender (including pregnancy, sexual orientation, and gender identity), national origin, disability (physical or mental), age (40 years of age or over), genetic information, parental status, marital status, prior protected EEO activity, political affiliation, or other non-merit factors.
FHFA provides reasonable accommodations to applicants with disabilities, except when doing so would pose an undue hardship on the Agency. If you need a reasonable accommodation for any part of the application and hiring process, please notify FHFA at (202) 649-3963. The Agency's decision on granting a reasonable accommodation will be made on a case-by-case basis.
Ethics: FHFA employees are subject to government-wide ethical standards of conduct, financial disclosure requirements, and post-employment prohibitions. In addition, certain FHFA employees are prohibited from accepting compensation from Fannie Mae and Freddie Mac for a two-year period after terminating employment with FHFA. Furthermore, to avoid financial conflicts-of interest or the appearance of conflicts-of-interest, FHFA employees may need to divest or sell certain assets they, their spouse, or minor children own or control, including securities issued by Fannie Mae, Freddie Mac, or the Federal Home Loan Banks. Employees who work on Federal Home Loan Bank issues may need to sell or divest financial interests with any of the Federal Home Loan Bank members, which may include stock in bank holding companies, insurance companies, and other financial services firms. Questions regarding these requirements and prohibitions should be directed to the Office of General Counsel at (202) 649-3088.
Noncompetitive Appointment Authorities: For more information on noncompetitive appointment authority eligibility requirements:
How You Will Be Evaluated
You will be rated based on your responses to the job specific questionnaire and assigned a score ranging from 70 to 100 points. The top ten candidates, and those tied for the tenth spot, will be referred for selection. All qualified non-competitive applicants will be referred.
If interviewed, you may be provided with a case study involving a Market Risk issue at a financial institution. You will be asked to review the scenario, identify the issues, develop a written remediation plan, and then brief the interview panel on your remediation plan and recommendations.
All of the information you provide will be verified by a review of the work experience and/or education as shown on your application forms, by checking references or through other means, such as the interview process. This verification could occur at any stage of the application process. Any exaggeration of your experience, false statements, or attempts to conceal information may be grounds for rating you ineligible.
To apply for this position, you must submit a complete Application Package which includes:
1. Your resume showing hours worked per week, dates of employment and duties performed.
2. It is strongly recommended that status candidates submit an SF 50 showing highest grade held on a permanent basis in the competitive service.
3. Other supporting documents:
- Cover Letter, optional
- Veterans' Preference documentation, if applicable (e.g., DD-214 Member Copy 4 showing type of discharge/character of service, SF-15 Form and related documentation, VA letter, etc.)
- Career Transition Assistance Program/Interagency Career Transition Assistance Program documentation, if applicable (e.g., Certification of Expected Separation, Reduction-In-Force Separation Notice, or Notice of Proposed Removal; SF-50 that documents the RIF separation action; and most recent performance appraisal.)
A career with the U.S. Government provides employees with a comprehensive benefits package. As a federal employee, you and your family will have access to a range of benefits that are designed to make your federal career very rewarding.
Eligibility for benefits depends on the type of position you hold and whether your position is full-time, part-time, or intermittent. Contact the hiring agency for more information on the specific benefits offered.
How to Apply
To apply for this position, you must complete the online application and submit the documentation specified in the Required Documents section below.
A complete application package must be submitted by 11:59 PM (EST) on 10/21/2019 to receive consideration.
- To begin, click Apply to access the online application. You will need to be logged into your USAJOBS account to apply. If you do not have a USAJOBS account, you will need to create one before beginning the application.
- Follow the prompts to select your resume and/or other supporting documents to be included with your application package. You will have the opportunity to upload additional documents to include in your application before it is submitted. Your uploaded documents may take several hours to clear the virus scan process.
- After acknowledging you have reviewed your application package, complete the Include Personal Information section as you deem appropriate and click to continue with the application process.
- You will be taken to the online application which you must complete in order to apply for the position. Complete the online application, verify the required documentation is included with your application package, and submit the application.
To verify the status of your application, log into your USAJOBS account (https://my.usajobs.gov/Account/Login), all of your applications will appear on the Welcome screen. The Application Status will appear along with the date your application was last updated. For information on what each Application Status means, visit: https://www.usajobs.gov/Help/how-to/application/status/.
If you are unable to apply online, you must request an alternative application which is available from the Human Resources Office. Please contact Janice Obeido at firstname.lastname@example.org or (202) 649-3742 to obtain an alternative application.
Agency contact information
AddressDIVISION OF FHLBANK REGULATION
400 7th Street
Washington, DC 20219
The Federal Housing Finance Agency's mission is to ensure that the housing Government Sponsored Enterprises (GSEs) operate in a safe and sound manner so that they serve as a reliable source of liquidity and funding for housing finance and community investment.
Division of Federal Home Loan Bank Regulation
The Division of FHLBank Regulation (DBR) is responsible for carrying out the FHFA's statutory duties for ensuring that: 1) the FHLBanks operate safely and soundly, and 2) the FHLBanks remain adequately capitalized. These functions are performed through on-site examinations and off-site monitoring of the FHLBanks and the Office of Finance. DBR also is responsible for policy and regulatory analysis, formulating and planning strategic goals, and conducting and evaluating long-range projects and proposals for all agency programs relating to the FHFA's supervision and oversight of the FHLBank System.
The Examinations Group is responsible for conducting the annual on-site examination and ongoing supervision of the FHLBanks and the Office of Finance. On-site examinations review the FHLBank's capital, asset quality, management, earnings, liquidity, sensitivity to market risk, operational risk (CAMELSO), and Affordable Housing Program, and the Office of Finance's management and operational risk. FHFA work programs establish examination guidance and expectations to be followed when executing examinations.
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Learn more about what it's like to work at Federal Housing Finance Agency, what the agency does, and about the types of careers this agency offers.
After all application packages have been received, we will review your materials to ensure you meet the basic qualification requirements. We will evaluate each applicant who meets the basic qualifications on the information provided in his/her resume and the completed Occupational Questionnaire. Applicants deemed best-qualified may be contacted for an interview. We anticipate making a final job offer for this position within 45 days after the deadline for applications. All candidates will be notified of the final disposition.
***There is currently one vacancy available. However, should additional vacancies become available within three months from the opening date of this announcement, eligible applicants for this position may be referred for consideration for the additional position(s).
Fair & Transparent
The Federal hiring process is setup to be fair and transparent. Please read the following guidance.
Equal Employment Opportunity Policy
The United States Government does not discriminate in employment on the basis of race, color, religion, sex (including pregnancy And gender identity), national origin, political affiliation, sexual orientation, marital status, disability, genetic information, age, membership in an employee organization, retaliation, parental status, military service, or other non-merit factor.
Reasonable Accommodation Policy
Federal agencies must provide reasonable accommodation to applicants with disabilities where appropriate. Applicants requiring reasonable accommodation for any part of the application process should follow the instructions in the job opportunity announcement. For any part of the remaining hiring process, applicants should contact the hiring agency directly. Determinations on requests for reasonable accommodation will be made on a case-by-case basis.
A reasonable accommodation is any change to a job, the work environment, or the way things are usually done that enables an individual with a disability to apply for a job, perform job duties or receive equal access to job benefits.
Under the Rehabilitation Act of 1973, federal agencies must provide reasonable accommodations when:
- An applicant with a disability needs an accommodation to have an equal opportunity to apply for a job.
- An employee with a disability needs an accommodation to perform the essential job duties or to gain access to the workplace.
- An employee with a disability needs an accommodation to receive equal access to benefits, such as details, training, and office-sponsored events.
You can request a reasonable accommodation at any time during the application or hiring process or while on the job. Requests are considered on a case-by-case basis.
Legal and regulatory guidance
This job originated on www.usajobs.gov. For the full announcement and to apply, visit www.usajobs.gov/GetJob/ViewDetails/547003900. Only resumes submitted according to the instructions on the job announcement listed at www.usajobs.gov will be considered.