Job Overview

Summary

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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.

Duties

 

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.