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

Job Title:Counterparty Risk Analyst

Department:Department Of Housing And Urban Development

Agency:Government National Mortgage Association (Ginnie Mae)

Job Announcement Number:H13-DE-848697-SML

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

The contents of the announcement can still be viewed.

SALARY RANGE:

$89,033.00 to $115,742.00 / Per Year

OPEN PERIOD:

Friday, March 01, 2013 to Friday, March 15, 2013

SERIES & GRADE:

GS-1101-13

POSITION INFORMATION:

Full Time - Permanent

PROMOTION POTENTIAL:

13

DUTY LOCATIONS:

1 vacancy in the following location:
Washington DC Metro Area, DC United States

WHO MAY APPLY:

United States Citizens

JOB SUMMARY:

Join the Department of Housing and Urban Development (HUD) Team, if you are looking for a challenging career opportunity and want to be an impact player helping individuals achieve the American Dream!  HUD is an integral partner in revitalizing and improving communities across America. 

HUD offers a broad array of benefits and program activities to develop your career, such as:  professional development opportunities; work assignments that may consist of projects related to different housing program; advanced technology; networking opportunities; and recognition and award for creativity, exceptional performance, and teamwork.

Our mission is to create strong, sustainable, inclusive communities and quality affordable homes for all.  HUD is working to strengthen the housing market to bolster the economy and protect consumers; meet the need for quality affordable rental homes; utilize housing as a platform for improving quality of life; build inclusive and sustainable communities free from discrimination; and transform the way HUD does business.  For more information about HUD's mission, activities, and careers, please visit our website at:  http://www.hud.gov/ .

Headquarters offices are conveniently located at L'Enfant Plaza Metro stop, and within walking distances to great restaurants and museums, and the National Mall.  We also have a fitness center, childcare center, credit union, eateries, and other work-life conveniences.

This position is with the Department of Housing and Urban Development, Government National Mortgage Association, Office of Enterprise Risk (ERO), Counterparty Risk Analysis Division, 451 7th Street, SW, Washington, DC.

You may apply to this position if you are a United States Citizen.

Federal Status Candidates (and those eligible to be considered under HUD's merit promotion procedures) may apply for this position under announcement H13-MP-848489-SMLz. 

Relocation expenses will not be paid.

Recruitment Incentive may be offered. 

One or more selections may be made using this vacancy announcement.

The following link displays the locality pay tables by geographic area:  http://www.opm.gov/flsa/oca/11tables/indexGS.asp

KEY REQUIREMENTS

  • You must be a U.S. citizen to apply for this position.
  • You must successfully pass a background investigation.
  • Selective Service Registration if you are a male born after 12/31/1959.

DUTIES:

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The primary purpose for this position is to plan and conduct studies and analyses to promote efforts to ensure the Ginnie Mae is in the vanguard of financial institutions with respect to counterparty risk policy and oversight to protect the interest of the U.S. government and U.S. taxpayers.  Specific duties are:

 

  • Plan, organize, and conduct projects, studies and analyses of risk issues, including risk assessments of products, activities and portfolios to maintain awareness of industry best practices, trends and innovations, particularly as they relate to counterparty credit risk management; and develop improvements in policies for GNMA uniquely suited to the Ginnie Mae business model.
  • Develop sources of knowledge, including in the capital markets and the credit industry, to measure the long and short term performance of GNMA issuers of federally backed mortgage securities; determine the financial health and continuity of the issuing financial organizations; identify troubled institutions; and develop remediation work out plans that minimize the occurrence of credit defaults.
  • Determine if each issuer remains eligible (according to established Ginnie Mae policies) to continue to receive the Ginnie Mae guarantee on its securities and, if not, informing the issuer of actions it must take to regain eligibility.
  • Maintain and update counterparty risk policies, including eligibility requirements, exposure limits, and exceptions and/or alternatives to basic requirements; and develop recommendations for managing program risk.
  • Conducts reviews of troubled issuers and recommend disciplinary action including supervisory agreements, freezing of pools, or referral to the issuer Review Board or Risk Committee for sanctions or possible default of troubled issuers.
  • Maintain current and accurate eligibility status of each issuer, and ensure that data systems accurately reflect their status and work with the Single family and Multifamily Divisions in dealing with counterparty risk management issues.


QUALIFICATIONS REQUIRED:

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GS-13:  You qualify at the GS-13 level if you possess one year of specialized experience equivalent to the GS-12 grade level.  Specialized experience is defined as experience in the assessment and management of counterparty risk issues in the mortgage industry, with particular emphasis on banks and mortgage banks.  Particularly useful would be comparable experience at a government-sponsored enterprise (GSE), major banking institution, or in a regulatory agency.


There is no education substitution at the grade level.

Additional information on qualification requirements is outlined in the OPM Qualifications Standard Handbook of General Schedule Positions.  It is available for your review on OPM's website at http://www.opm.gov/qualifications.

HOW YOU WILL BE EVALUATED:

Human Resources will review your resume and supporting documentation to ensure you meet the minimum qualification requirements.  If you meet the minimum qualifications, your knowledge, skills, and abilities (KSAs) will be rated between 70 and 100 based on your responses to the online assessment questionnaire.  If you are eligible for placement under the Agency Career Transition Assistance Program (CTAP) or the Interagency Career Transition Assistance Program (ICTAP) eligibility, you must earn a score that places you in the Best Qualified group to be considered qualified.  The KSAs for this position are: 

  • Knowledge of the roles and operational characteristics of agencies/corporations in the housing and mortgage industries.
  • Ability to collect, compile and analyze information from varying sources to facilitate assessing the financial health of counterparties and improve internal processes.
  • Ability to communicate effectively orally.
  • Ability to communicate effectively in writing.
  • Ability to analyze, develop or enhance policies and procedures.

If you meet the minimum qualifications, you will be placed in one of the following categories:

  1. Best Qualified:  Applicants possessing a background that demonstrates a superior level of all evaluation criteria. 
  2. Better Qualified:  Applicants possessing a background that demonstrates a satisfactory level of the evaluation criteria.
  3. Qualified:  Applicants possessing the basic qualifications, with general knowledge, skills, and abilities.   

If you are best qualified, you may be referred to the hiring manager for consideration and may be called for an interview.

Agency Career Transition Assistance Program (CTAP) or the Interagency Career Transition Assistance Program (ICTAP) Eligibles:  If you have never worked for the Federal government, you are not CTAP/ICTAP eligible.  Information about ICTAP or CTAP eligibility can be found at:  http://www.opm.gov/Reduction_In_Force/employee_resources/ctap/index.asp .  To be considered qualified under CTAP/ICTAP, you must be placed in the Best Qualified category for this position, as described above.  In addition, you must submit supporting documentation listed in the "Required Documents" section of this announcement.

Veterans:  Veterans with 5 point preference who meet the eligibility and qualification requirements are placed above non-preference eligibles within the category in which they qualify.  Veterans who have a compensable service-connected disability of at least 10% are listed in the best qualified category, except when the position being filled is scientific or professional at the GS-09 grade level or higher.  For information on veterans' preference, please see:  http://www.fedshirevets.gov/index.asp


BENEFITS:

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HUD offers competitive starting salaries and an attractive benefits package, including: health insurance, Thrift Savings Plan (similar to a 401(k)), Flexible spending Account, retirement plan, life and long-term care insurance, Employee Assistance Program, personal leave days and paid Federal holidays.  Other benefits may include:  flexible work schedules, telework, tuition reimbursement, transportation subsidies, health and wellness programs, and fitness centers.  HUD is committed to employee development and offers a variety of employee training and development opportunities.  For more information, go to http://www.usajobs.gov/EI/benefits.asp.

OTHER INFORMATION:

Background Investigation:  To ensure the accomplishment of our mission, HUD requires every employee to be reliable and trustworthy.  To meet these standards, selected applicants must successfully complete and maintain a background investigation.  Failure to meet these requirements will be grounds for termination.

Travel:  Occasional travel may be required.

Promotion Potential:  There is no obligation to provide future promotions to you if you are selected.  Future promotions will be dependent on your ability to perform the duties at a higher level, the continuing need for an employee assigned to the higher level, and supervisory approval. 

Probationary Period:  All employees new to the Federal government must serve a one year probationary period during the first year of his/her initial permanent Federal appointment to determine fitness for continued employment.  Current and former Federal employees may also be required to serve or complete a probationary period.

Fair Labor Standards Act (FLSA):  Exempt

Bargaining Unit Position:  Yes

Selective Service Registration:  All male applicants born after December 31, 1959 must be registered with the selective service system.  Please visit https://www.sss.gov/ for more information.

Time After Competitive Appointment:  Applicants applying under Merit promotion must have completed three months of civilian service after a competitive appointment by the closing date of the announcement in order to be considered. (Regulation 5 CFR 330.501).

HUD employees are prohibited under Section 7501.104, 5 Code of Federal Regulations from directly or indirectly owning, acquiring, or receiving:

*Federal Housing Authority debentures or certificate of claim;

*Financial interest in a project, including any single family dwelling or unit subsidized by HUD, or which is subject to a note or mortgage insured by HUD;

*Section 8 subsidies to or on behalf of a tenant of property you, your spouse, or a dependent child owns.

 

HUD provides reasonable accommodation to applicants with disabilities.  If you need a reasonable accommodation for any part of the application and hiring process, please notify the Human Resources Representative listed on the vacancy announcement.  The decisions on granting reasonable accommodation will be on a case-by-case basis.

The United States Government does not discriminate in employment on the basis of race, color, religion, sex, national origin, political affiliation, sexual orientation, gender identity, marital status, disability and genetic information, age, membership in an employee organization, or other non-merit factor.

HOW TO APPLY:

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To begin your online application, click the "Apply Online' button and follow the prompts to register or sign into Application Manager.  Your application packet must include a completed assessment questionnaire, a resume, and any applicable and/or required supporting documentation.  Please see the "Required Documents" section below for additional information.  All application materials must be submitted by 11:59pm Eastern Standard Time (EST) on Friday, March 15, 2013.

You are not required to submit official documentation as part of your application package.  However, if selected, you must provide the required official documentation prior to appointment.

We strongly encourage you to apply online.  If you are unable to upload your supporting documents, please complete and use the cover page located at http://staffing.opm.gov/pdf/usascover.pdf and fax them to 1-478-757-3144.  Please include on the cover sheet the following information:  the vacancy ID 848697, your SSN, the name you used to complete your assessment questionnaire, and your address.  If your documents were successfully uploaded into Application Manager, it is not necessary for you to fax those documents. 

If you are unable to apply online, please follow the steps below.

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

2.      Print this 1203 FX form, http://www.opm.gov/forms/pdf_fill/OPM1203fx.pdf , and provide your responses to the assessment questionnaire

3.      Fax the completed 1203 FX form along with any required and supporting documents to 1-478-757-3144. Your 1203FX will serve as a cover page for your fax transmission.

If any part of your application is not received, it will be evaluated solely on the information available.

REQUIRED DOCUMENTS:

  • Resume:  A resume describing your job-related qualifications is required and must be in English.  It must contain your full name, address, phone number, the last four digits of your Social Security Number, a detailed description of your duties and the dates you performed them (MM/DD/YY), as well as your work schedule and salary.
  • Completed online self-assessment questionnaire.
  • Agency Career Transition Assistance Program (CTAP) or the Interagency Career Transition Assistance Program (ICTAP) eligibility:  You must submit a separate notice; SF-50; an agency certification that you cannot be placed after injury compensation has been terminated; an OPM notification that your disability annuity has been terminated; or a Military Department of National Guard Bureau notification that you are retired under 5 U.S.C. 8337(h) or 8456. Information about ICTAP or CTAP eligibility can be found at http://www.opm.gov/Reduction_In_Force/employee_resources/ctap/index.asp .
  • Veterans Preference:  To apply veteran's preference you must submit the following proof of eligibility:
  1. Five Point Preference:  DD Form 214 showing dates you served, type of discharge, and any campaign badges or expeditionary medals you may have earned.
  2. Ten Point Preference:  DD Form 214, as described above, and supporting documentation as listed on the Standard Form 15 (application for 10-Point Veteran's Preference).  Click this link for a copy of the SF-15:  http://www.opm.gov/forms/pdf_fill/SF-15.pdf.
  3. If you are currently serving on active duty.  A statement of service from your unit identifying the branch of service, period(s) of service, campaign badges or expeditionary medals earned, and the date you will be separated or be on approved terminal leave.  If selected for this position, your preference will be verified using your separation DD Form 214, as described above.  For more information about Veteran's Preference, please click this link:  http://www.opm.gov/employ/veterans/html/vetguide.asp .

It is your responsibility to verify that information entered, uploaded, or faxed (i.e., resume, veterans documentation, completed assessment) is received and accurate.    Human Resources will not modify or change any part of your application.  Please ensure that all documents are legible.

Applications and supporting documentation will not be accepted by mail or e-mail.  The address below is for inquiries only.  You may apply more than once; however, only your most recent application will be used.

AGENCY CONTACT INFO:

Sharon M. Lacy
Phone: (415)489-6703
Fax: (415)489-6710
Email: SHARON.M.LACY@HUD.GOV
Agency Information:
HQ EPMD Delegated Examining Unit
451 7th Street SW
Washington, DC
20410
USA
Fax: (415)489-6710

WHAT TO EXPECT NEXT:

Once the job announcement has closed, Human Resources will assess your experience and training, identify the best qualified applicants, and refer those applications to the hiring manager for further consideration and/or interviews.  You will be notified by e-mail upon completion of each step.  Your status will also be updated on USAJOBS throughout the process.  To check your status, log on to your USAJOBS account, click on "Application Status" and then click "More Information".  If you are referred, you will receive a final notification of the disposition of the vacancy.

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Job Announcement Number:

H13-DE-848697-SML

Control Number:

338577800