This Position Is No Longer Available
  1. Overview
  2. Duties
  3. Qualifications & Evaluations
  4. Benefits & Other Info
  5. How to Apply

Job Title:Economist

Agency:Federal Housing Finance Agency

Job Announcement Number:DH-12-15

This position is closed and no longer accepting online applications through USAJOBS.

The contents of the announcement can still be viewed.

SALARY RANGE:

$84,352.00 to $163,398.00 / Per Year

OPEN PERIOD:

Wednesday, August 1, 2012 to Wednesday, September 5, 2012

SERIES & GRADE:

EL-0110-12/13

POSITION INFORMATION:

Full Time - Multiple Appointment Types

PROMOTION POTENTIAL:

14

DUTY LOCATIONS:

1 vacancy in the following location:
Washington DC, DC United StatesView Map

WHO MAY APPLY:

United States Citizens

JOB SUMMARY:

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The Federal Housing Finance Agency (FHFA) is a small, dynamic, fast-paced federal agency whose work has far-reaching impact. If selected, you will be part of an integrated team playing a key role in the current and future U.S. housing market. 

At FHFA, every employee is critical in meeting our mission. Our team primarily consists of examiners, accountants, economists, financial analysts, information technology specialists, and attorneys – which make up our Mission Critical Occupations (MCO).  However, we also employ budget and procurement specialists, human resources specialists, administrative, facilities and space management professionals and student interns.

We offer competitive salaries and a great benefits package.

FHFA:  MORE THAN A JOB - MAKING A DIFFERENCE!

 

The Federal Housing Finance Agency’s mission is to provide effective supervision, regulation and housing mission oversight of Fannie Mae, Freddie Mac and the Federal Home Loan Banks to promote their safety and soundness, support housing finance and affordable housing, and support a stable and liquid mortgage market.

 

The Office of Policy Analysis and Research (OPAR) conducts research and policy analyses to assess and project the short-and long-term impact of issues and trends in the housing and mortgage finance industries. This unit also develops policy options and supporting analyses on a broad range of issues.

 

KEY REQUIREMENTS

  • Applicants must be U.S. Citizens

DUTIES:

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This position is located in the Office of Policy Analysis and Research. The incumbent selected will perform the following duties:

 

Provide complex economic and financial analyses of ongoing and proposed programs, regulations, and legislation affecting the FHFA and regulated entities; provide interpretations of regulations in advisory bulletins and examiner guidance bulletins.

 

Conduct research and is responsible for small studies or segments of major special studies on topics related to performance, risk measurement and management, and housing and financial markets; stays current with best practices and trends; and identifies risks to the Enterprises.  Formulate, plan, execute, and coordinate studies to bring about meaningful conclusions.

 

Produce or contribute to research for external publication, in the form of staff working papers, mortgage market notes, presentations at conferences, and publication in peer reviewed journals.

 

Work to continually develop and maintain expertise in relevant theories, empirical methods, analysis of the impact of policies, and other topics with a bearing on economics, finance, banking, and housing issues. Provide authoritative knowledge and technical information for research designs for various complex and critical issues.

 

Support the development and operation of economic programs and models by assisting in the development of information requests, and in the analyses of current data and programs. Support the preparation and presentation of results from economic and financial studies and/or monitoring reports to senior agency officials. Draft reports supporting conclusions of the research.

 

Assist in responding to internal and external inquiries for technical and analytical support, analysis of existing policies and regulations, as well as regulatory drafting and analysis


QUALIFICATIONS REQUIRED:

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Applicants must show successful completion of a full four-year course of study in an accredited college or university leading to a bachelor's or higher degree in economics that included at least 21 semester/31 quarter hours in economics and 3 semester/4 quarter hours in statistics, accounting, or calculus.

OR

Combination of education and experience---courses equivalent to a major in economics that included at least 21 semester/31 quarter hours in economics and 3 semester/4 quarter hours in statistics, accounting, or calculus and one of the following experience: individual economic research assignments requiring planning, empirical analysis, conclusions, and report preparation;
OR supervisory or project coordination of a staff of professional economists, requiring evaluation and interpretation of economic information;
OR teaching assignments in a college or university in economics subjects, in combination with one of the following: personal research that incorporated econometric techniques in empirical analysis of results, direction of graduate theses in economics, or service as a consultant or advisor on technical economic problems.

ADDITIONAL EXPERIENCE

Grade EL-12:

In addition to meeting the basic entry qualification requirement above, applicants must have 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. Examples of specialized experience include the following: 

Experience conducting empirical research of financial and/or economic issues;

Experience applying statistical programming packages to large financial and economic datasets;

Experience analyzing financial and economic policy

 

Grade EL-13:

In addition to meeting the basic entry qualification requirement above, applicants must have 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. Examples of specialized experience include the following: 

Experience conducting complex empirical research of financial and/or economic issues;

 

Experience using large datasets to conduct econometric research and analysis of complex financial and economic issues; and

 

Experience producing empirical economic studies and preparing research reports and papers.


 

Applicants must meet all qualifications requirements (listed above) by Wednesday, September 05, 2012 to be eligible for further consideration. Eligibility will be based on clear documentation indicating that the applicant's training and experience are of the scope, quality and level of responsibility sufficient to successfully perform the duties and responsibilities of this position.

 

All qualified applicants will receive consideration for employment regardless of race, color, religion, gender, status as a parent, sexual orientation, political affiliations, national origin, age, disability, or any other non-merit factor.

HOW YOU WILL BE EVALUATED:

This position is being filled through Federal Housing Finance Agency's hiring authority granted by the Housing Economic Recovery Act (HERA). All applicants meeting the basic qualification requirements will be forwarded to the selecting official for consideration.

 

Veterans' Preference:   If you are entitled to veterans' preference, you should indicate the type of veterans' preference you are claiming on your résumé.  Your veterans' preference entitlement will be verified if selected.

Veterans claiming preference who have met the basic qualification requirements will be placed ahead of other non-preference applicants.

 

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.


BENEFITS:

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The Federal Housing Finance Agency (FHFA) offers a comprehensive benefits package that includes all of the standard federal benefits plus additional agency specific benefits.  Our unique benefits package includes the following:

DENTAL. FREE comprehensive dental coverage to employees and their family members. There is a $2,500 annual maximum per employee and a separate orthodontic benefit for dependent children to age 19. (Annual deductibles apply.)

VISION. FREE vision care coverage. This benefit covers the employee and all eligible dependents. (Co-pay applies.) Coverage includes reimbursement according to a fee schedule for eye examinations, frames and contact lenses once every 12 months.

TRANSPORTATION. 100% cost of your public transportation commuting expenses (e.g., vanpool, metro bus, metro train). The first $125 tax-free and up to $90 per month to cover the cost of parking at Metro operated lots.

WELLNESS.  This program provides a taxable reimbursement each fiscal year for various health related expenses. The maximum reimbursement dollar amount is established at $600.00 for 2012.

HEALTH INSURANCE. .A variety of Federal Employee Health Benefit plans to choose from which can be paid from pre-tax income. FHFA pays 90% of the bi-weekly premium.

RETIREMENT. The Federal Employee Retirement System (FERS) is a three-tiered program consisting of: Basic Benefit (a retirement pension) Social Security, and the Thrift Savings Plan (see below).  Current CSRS employees will remain under that retirement system.

RETIREMENT SAVINGS.. The Thrift Savings Plan (TSP) is a retirement savings and investment plan for Federal employees and offers the same type of savings and tax benefits provided under 401(k) plans. A FERS employee can contribute up to $17,000 per year. The agency will match contributions up to the first 5 percent. A CSRS employee, you can contribute up to $17,000 per year. CSRS employees do not receive any agency contributions. Employees age 50 or older as of December 31, 2012, may contribute an additional $5,500 for catch-up contribution per year.

 401K PLAN. In addition to the Thrift Savings Plan (TSP), the FHFA implemented an additional retirement savings plan that is administered by T. Rowe Price. Employees contributing at least 3% to the TSP may participate in the agency 401(k) plan. 401(k) plan participants may contribute up to 10% of their salary on a pre-tax basis, with agency matching contributions of up to 3 percent.

 LEAVE. The Federal leave program offers exceptional time-off benefits, including annual leave, sick leave, Family Friendly Leave, Family Medical Leave, and ten (10) paid holidays per year.

LIFE INSURANCE. The Federal Employee Group Life Insurance offers numerous life insurance policy options covering employees and dependents.

COUNSELING SERVICES. The Employee Assistance Program provides free confidential counseling and referral services to you and your family members.

TRAINING. Career development and enrichment training is available in job-related areas.

FITNESS. Free use of an on-site fitness facility which includes a locker room with showers.

Please visit http://usajobs.gov/EI/benefits.asp#icc for more detailed information on the federal benefits programs.



OTHER INFORMATION:

Interagency Career Transition Program: The ICTAP provides eligible displaced Federal competitive service employees with selection priority over other candidates for competitive service vacancies.  If your agency has notified you in writing that you are a displaced employee eligible for ICTAP consideration, you may receive selection priority if:  1) this vacancy is within your ICTAP eligibility, 2) you apply under the instructions in this announcement, and 3) you are found well-qualified for this vacancy. Well-qualified candidates are those who are rated in the well-qualified or highly-qualified category. You must provide proof of eligibility with your application to receive selection priority.  Such proof may include a copy of your written notification of ICTAP eligibility or a copy of your separation personnel action form.  Information about ICTAP eligibility is on OPM's Career Transition Resources website at http://www.opm.gov/ctap/index.asp

Selective Service:  If you are a male applicant born after December 31, 1959, you must certify that you have registered with the Selective Service System, or are exempt from having to do so under the Selective Service Law.   See www.sss.gov.

Veterans' Preference:  If you are entitled to veterans' preference, you should indicate the type of veterans' preference you are claiming on your résumé.  Your veterans' preference entitlement will be verified if selected.

Veterans claiming preference who have met the basic qualification requirements will be placed ahead of other applicants in the category to which they are assigned based upon the rating of their application. 

 

REASONABLE ACCOMMODATION: This agency provides reasonable accommodations to applicants with disabilities, except when doing so would pose an undue hardship on the employing agency. If you need a reasonable accommodation for any part of the application and hiring process, please notify the agency at (202) 649-3009. The decision on granting 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) 649-3064.

Additional Information:

New federal employees are required to fulfill a one-year probationary period.

Favorable adjudication of the appropriate level of background investigation is a condition of employment at FHFA.

All Federal employees are required to have Federal salary payments made by direct deposit to a financial institution of their choosing.

There is currently only 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).



HOW TO APPLY:

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To apply for this position, you must provide a complete Application Package which includes:

1. Your Resume or CV                                                                                                                              2. A complete Occupational Questionnaire
3. Additional Required Documents (see Required Documents section below)

The complete Application Package must be submitted by 11:59 PM (EST) on Wednesday, September 05, 2012.

To begin the process, click the Apply Online button to create an account or log in to your existing USAJOBS account.  Follow the prompts to complete the occupational questionnaire. Please ensure you click the Submit My Answers button at the end of the process. 
 
Note: To check the status of your application or return to a previous or incomplete application, log into your USAJOBS account, select Application Status, and click on the MORE INFORMATION link under the application status for this position. 

To fax supporting documents you are unable to upload, complete this cover page http://staffing.opm.gov/pdf/usascover.pdf using the following Vacancy ID 702358.  Fax your documents to 1-478-757-3144.

If you cannot apply online:

1. Click the following link to view and print the occupational questionnaire View Occupational Questionnaire.       

2. Print this 1203FX form to provide your response to the occupational questionnaire http://www.opm.gov/forms/pdfimage/opm1203fx.pdf
3. Fax the completed 1203FX form along with any supporting documents to 1-478-757-3144. Your 1203FX will serve as a cover page for your fax transmission.



REQUIRED DOCUMENTS:

  • Resume, CV or application
  • Responses to the questionnaire

AGENCY CONTACT INFO:

Moji Adelekan
Phone: (202)649-3745
Fax: (202)649-2745
Email: MOJI.ADELEKAN@FHFA.GOV
Agency Information:
Federal Housing Finance Agency
400 7th Street SW
Washington, DC
20024 Fax: (202)649-2745

WHAT TO EXPECT NEXT:

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 Supplemental Questionnaire.  Applicants deemed 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.


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Job Announcement Number:

DH-12-15

Control Number:

321196000