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    Duties

    Summary

    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.

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    Responsibilities

    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.

    Additional duties:

    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.

    Travel Required

    50% or less - Travel is required to the Federal Home Loan Banks, Office of Finance and Agency headquarters.

    Supervisory status

    No

    Promotion Potential

    14

This job originated on www.usajobs.gov. For the full announcement and to apply, visit www.usajobs.gov/GetJob/ViewDetails/519893500. Only resumes submitted according to the instructions on the job announcement listed at www.usajobs.gov will be considered.