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This Position Is No Longer Available

Job Title:  Principal Strategic (Program) Analyst
Agency:  Federal Housing Finance Agency
Job Announcement Number:  OSI-13-02

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

The contents of the announcement can still be viewed.
$128,811.00 to $218,978.00 / Per Year
Monday, June 03, 2013 to Friday, June 21, 2013
Full Time - Permanent
1 vacancy in the following location:
Washington DC Metro Area, DC United States
Status Candidates (Merit Promotion and VEOA Eligibles)


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The Federal Housing Finance Agency's mission is to provide effective supervision, regulation and housing mission oversight of Fannie Mae and Freddie Mac (the Enterprises) 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 Strategic Initiatives (OSI) is responsible for leading, coordinating and clarifying as needed all agency and Enterprise activities related to FHFA's Strategic Plan for the Enterprise Conservatorships (the Plan) to achieve the objectives set forth therein. Among its responsibilities, OSI is coordinating the design, planning, and construction of a new platform that will support future mortgage securitization, including transactions that will transfer mortgage credit risk away from the Enterprises and toward private capital.  Consistent with FHFA's strategic and performance goals, OSI provides management oversight and support for leading and coordinating the agency and Enterprise activities related to the plan. OSI provides support and advice to the Director and other senior executives and represents OSI on all activities related to the plan.


  • US citizenship required.


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The incumbent serves as a Strategic Analyst, performing work in support of major initiatives sponsored by the OSI.  In this capacity, the incumbent provides a broad range of expertise in key areas of the mortgage finance industry and/or policy expertise to OSI related projects.  The incumbent provides intellectual, conceptual and analytical leadership for issues of great importance and urgency to enable successful, innovative, best-in-class implementation of key strategic initiatives.  The incumbent will support the design and construction of the new platform and coordinate the development and evaluation of Enterprise credit risk transfer initiatives.  The incumbent is responsible for managing major projects or portions thereof and for keeping executive management informed of the status of critical projects.  The incumbent may manage project staff as needed. 


The incumbent serves as a Strategic Analyst in the Office of Strategic Initiatives, overseeing FHFA projects in support of the execution of major initiatives outlined in the Plan.  The incumbent plans and manages major projects to include establishing project goals, scope, and developing project plans.  This includes working with other FHFA offices that are executing projects in support of the Plan. 


In this capacity, the incumbent:


    Participates in the development of specifications and implementation plans for the securitization infrastructure.
  • Monitors developments in mortgage data and contractual standards and evaluates their implications for the securitization platform and credit risk transfer initiatives.
  • Performs complex analyses of alternative approaches to sharing mortgage credit risk among industry participants.
  • Monitors and evaluates credit risk transfer programs implemented by the Enterprises.
  • Represents OSI as a subject matter expert with other FHFA offices, the Enterprises, and the industry.
  • Provides mortgage subject matter expertise to OSI related projects.
  • Monitors, tracks and reports on project progress to executive management.
  • Works closely and collaboratively with other FHFA offices whose projects support the Plan to ensure a consistent FHFA view on strategic initiatives.
  • Evaluates OSI projects and identifies risks and emerging issues.
  • Consults with OSI staff and management as well as Fannie Mae and Freddie Mac representatives to identify and specify project level requirements.


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Qualifying experience for the EL-15 level includes one year of specialized experience at the equivalent to EL-14 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:

management of programs and projects;

analysis of business needs

oral and written communication of information

knowledge of the mortgage financial industry

strategic planning




Applicants must meet all qualifications requirements (listed above) by Friday, June 21, 2013 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.


Candidates will be rated based on your responses to the job specific Occupational Questionnaire and assigned a score ranging from 70 to 100 points. The top ten candidates, and candidates tied for the tenth spot, will be referred for selection.

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.


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

DENTAL. FREE comprehensive dental coverage toemployees 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 carecoverage. This benefit covers the employee and all eligible dependents. (Co-payapplies.) Coverage includes reimbursement according to a fee schedule for eyeexaminations, frames and contact lenses once every 12 months.

TRANSPORTATION . 100% cost of yourpublic transportation commuting expenses (e.g., vanpool, metro bus, metrotrain). The first $240 is tax-free. Parking at Metro operated lots is alsocovered.

LIFECYCLEPROGRAM – FHFA's Life Cycle Program provides a taxable distribution each fiscalyear for various health and wellness related expenses.   This benefit is based on your employmentstatus on October 1st of each fiscal year.

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

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

RETIREMENT SAVINGS. . The Thrift SavingsPlan (TSP) is a retirement savings and investment plan for Federal employeesand offers the same type of savings and tax benefits provided under 401(k)plans. A FERS employee can contribute up to $17,500 per year. The agency willmatch contributions up to the first 5 percent. A CSRS employee, you cancontribute up to $17,500 per year. CSRS employees do not receive any agencycontributions. Employees age 50 or older as of December 31, 2013, maycontribute an additional $5,500 for catch-up contribution per year.

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

LEAVE. The Federal leave program offers exceptional time-off benefits, including annual leave, sick leave, FamilyFriendly 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 anddependents.

COUNSELING SERVICES . The Employee Assistance Program provides free confidential counseling and referral servicesto 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 facilitywhich includes a locker room with showers.

Please visit for more detailedinformation on the federal benefits programs.




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

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

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. Preference-eligible veterans who have at least a 10 percent compensable service-connected disability will be placed ahead of all applicants in the highest category.

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) 649-3746. 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) 649-3088.

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, eligible applicants for this position may be referred for consideration for the additional position(s).


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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

The complete Application Package must be submitted by 11:59 PM (EST) on Friday, June 21, 2013.

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 using the following Vacancy ID  808525.  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

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.


  • Resume, CV or application
  • Responses to the Occupational Questionnaire


Janice Obeido
Phone: (202)649-3742
Agency Information:
Federal Housing Finance Agency
400 7th Street SW
Washington, DC


After all application packages have been received, we will review your resume 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 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.

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