This opportunity is also open to Status eligibles under Announcement 19-HUD-324. Please refer to that announcement for details on open period, eligibility, and how to apply.Learn more about this agency
ResponsibilitiesAs a Director, Counterparty Risk , you will:
- Drive the development and oversight of Ginnie Mae counterparty risk management policy in conjunction with the Office of Strategic Planning, Policy and Communications (“OSPPC”) and technical functions; serving as coach and mentor to team members and providing or arranging cross-training and professional development.
Plan, organize, and direct major policy initiatives, 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 collaborate in the development of major policy recommendations uniquely suited to the Ginnie Mae business model.
Develop sources of knowledge, including in the capital markets and the credit industry, to create external and internal benchmarks to: measure the long and short-term performance of Ginnie Mae Issuers of federally backed mortgage securities; determine the financial health and continuity of the issuing financial organizations; identify troubled institutions; and, contribute to the development of remediation workout plans that minimize the occurrence of credit defaults.
- Create, maintain, and update counterparty risk policies in conjunction with OSPPC, including eligibility requirements, exposure limits, and exceptions and or alternatives to basic requirements to develop recommendations for managing program risk and carrying out the risk management program once approved.
- Oversee the technical competence and timeliness of work performed by analysts on the team and provide periodic reports to the Director on the performance and professional development of team members.
Occasional travel - 1-5 days per month
Job family (Series)
This job originated on www.usajobs.gov. For the full announcement and to apply, visit www.usajobs.gov/GetJob/ViewDetails/526154100. Only resumes submitted according to the instructions on the job announcement listed at www.usajobs.gov will be considered.