The incumbent serves as a Senior Examiner or Examiner with responsibility for planning, organizing and completing examinations of the GSEs in the area of market risk of financial institutions. At the lower grade levels, the incumbent's work in less independent, and less in depth knowledge is required.Learn more about this agency
The incumbent assists in the development of examination strategies and work plans and in determining the scope of examination activities, and develops new or adapted work methods and procedures as needed.
Follows supervisory guidance such as the examination manual, advisory bulletins, examination guidelines and policy statements to ensure that the development of examination scope and reports are completed according to prescribed FHFA regulatory and supervisory policy and program guidelines and standards.
Communicates examination findings and their bases to senior management to elicit management's views. During the course of the examination, the Senior Examiner facilitates the flow of information and ensures an accurate understanding of the key risks, processes and controls, and the factual basis for examination findings.
Documents examination findings through a combination of GSE source documents, report comments and other examination workpapers that address both management practices and condition. Workpapers are completed in accordance with FHFA's workpaper standards, as provided in the examination.
Keeps abreast of significant issues or events and emerging risks that may impact the continued safe and sound operations of the GSEs. Provides first-hand experience concerning industry problems and the adequacy of current examination techniques in dealing with them. Analyzes banking, financial, housing, operational, and mortgage market developments affecting the entities. Provides written analysis and recommendations for supervisory issues requiring FHFA approval or attention.
Maintains an expert knowledge of issues, trends, and advances in risk management and risk-based examinations of large, complex financial institutions. Provides FHFA management with expert advice on advances in examination management of practices and risk-based examination procedures, and makes recommendations for the enhancement of the examination program.
Occasional travel - You may be expected to travel for this position.
Job family (Series)
Conditions of Employment
- Must be a U.S. Citizen or National
- Males born after 12-31-59 must be registered for Selective Service
- Resume and supporting documents (See How To Apply)
- Suitable for Federal employment, as determined by background investigation
- May be required to successfully complete a probationary period
- Only experience and education obtained by the closing date of this announcement will be considered.
QualificationsCommissioned Examiners Preferred
Qualifying experience for the EL/GS-14 level includes one year of specialized experience at the equivalent EL/GS-13 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:
- Expert experience as a financial institution examiner in the market risk or market model risk examination program of a large, complex financial institution. Utilizing strategies and examination processes to include: treasury and corporate bonds, mortgage-backed securities, CMOs, callable debt and interest rate derivatives.
- Expert experience as a financial institution examiner working within the market risk management working with stochastic cash flow and monte-carlo analysis, VaR, Economic Capital, Regulatory Capital, Securities Trading Operations, Counterparty Credit Risk, Cash Management, interest rate risk measures including duration, convexity, Vega and key rate durations.
- Serving as subject matter expert or team leader:
- assessing interest rate and prepayment models and their impact on asset-liability management, hedging strategies on earnings and capital, funding, liquidity and balance sheet management, cashflow forecasting and liquidity management measures including LCR and NSFR.
- assessing US regulatory guidance including OCC-2012-5, OCC-2011-12 on interest risk management and interest risk models, credit and operations risks issues for a variety of short-term investments including T-bills, federal funds and repo agreement.
- assessing US regulatory guidance to include: OCC-2014-51, Reg WW on liquidity management, and stress testing in contingency funding plans and liquidity management and Basel III liquidity guidance.
Examples of specialized experience include the following:
- Experience as a financial institution examiner;
- in the market risk or market model risk examination program of a large, complex financial institution. Utilizing strategies and examination processes to include, treasury and corporate bonds, mortgage-backed securities, CMOs, callable debt and interest rate derivatives.
- working within the market risk management working with stochastic cash flow and monte-carlo analysis, VaR, Economic Capital, Regulatory Capital, Securities Trading Operations, Counterparty Credit Risk, Cash Management, interest rate risk measures including duration, convexity, Vega and key rate durations.
- interest rate and prepayment models and their impact on asset-liability management, hedging strategies on earnings and capital, funding, liquidity and balance sheet management, cashflow forecasting and liquidity management measures including LCR and NSFR.
- US regulatory guidance including OCC-2012-5, OCC-2011-12 on interest risk management and interest risk models, credit and operations risks issues for a variety of short-term investments including T-bills, federal funds and repo agreement.
- US regulatory guidance to include OCC-2014-51, Reg WW on liquidity management, and stress testing in contingency funding plans and liquidity management and Basel III liquidity guidance.
Examples of specialized experience include the following:
- Experience in the market risk or market model risk examination program of a large, complex financial institution. Assisting with work related to, treasury and corporate bonds, mortgage-backed securities, CMOs, callable debt and interest rate derivatives.
- Experience within the market risk management assisting or completing projects or work similar to stochastic cash flow and monte-carlo analysis, VaR, Economic Capital, Regulatory Capital, Securities Trading Operations, Counterparty Credit Risk, Cash Management, interest rate risk measures including duration, convexity, Vega and key rate durations.
- Assisting or completing projects:
- through assessing interest rate and prepayment models and their impact on asset-liability management, hedging strategies on earnings and capital, funding. Familiarity with liquidity and balance sheet management, cashflow forecasting and liquidity management measures including LCR and NSFR.
- utilizing US regulatory guidance to include: OCC-2012-5, OCC-2011-12 on interest risk management and interest risk models. Familiarity with operation and credit implications of interest rate and liquidity risk management.
- utilizing US regulatory guidance to include: OCC-2014-51, Reg WW on liquidity management. Familiarity of scenario and stress testing in contingency funding plans and liquidity management and Basel III liquidity guidance.
Examples of specialized experience include the following:
- Experience and understanding of fixed income mathematics including present value, discounted cash flow and fixed income valuation.
- Thorough knowledge of treasury and corporate bonds, mortgage-backed securities, CMOs, callable debt and interest rate derivatives.
- Experience reviewing, analyzing, and recommending or approving work products and experience using MS Excel, preferred experience using databases and Bloomberg.
- Thorough knowledge and the application of financial accounting or auditing principles and practices with a financial institution.
- Thorough knowledge of US regulatory guidance on interest rate risk management, liquidity risk management and model risk management.
- Assisting management with assembling financial materials required to conduct examinations or audits of complex financial institutions, financial services providers, and/or technical services providers.
- Assisting with financial programs controlled by Federal and State laws, and risk management principles applicable to the financial institutions, financial services providers, and/or technical services providers
- Collecting, organizing, reviewing, drafting or editing written materials for senior management as part of work related to financial institutions, financial service providers, and/or technical services providers.
Ph.D. or equivalent doctoral degree: Major study in (accounting, banking, business administration, commercial or banking law, economics, finance, marketing, or other fields related to the position.
3 full years of progressively higher level graduate education leading to such a degree.
Experience refers to paid and unpaid experience, including volunteer work done through National Service programs (e.g., Peace Corps, AmeriCorps) and other organizations (e.g., professional; philanthropic; religious; spiritual; community, student, social). Volunteer work helps build critical competencies, knowledge, and skills and can provide valuable training and experience that translates directly to paid employment. You will receive credit for all qualifying experience, including volunteer experience.
ARE YOU USING YOUR EDUCATION TO QUALIFY? You MUST provide transcripts or other documentation to support your educational claims. Unless otherwise stated: (1) official or unofficial transcripts are acceptable, or (2) you may submit a list with all of your courses, grades, semester, year, and credit for the course. All materials must be submitted by the closing date of the announcement.
GRADUATE EDUCATION: One academic year of graduate education is considered to be the number of credits hours your graduate school has determined to represent one academic year of full-time study. Such study may have been performed on a full-time or part-time basis. If you cannot obtain your graduate school's definition of one year of graduate study, 18 semester hours (or 27 quarter hours) should be considered as satisfying the requirement for one year of full-time graduate study.
FOREIGN EDUCATION: If you are using education completed in foreign colleges or universities to meet the qualification requirements, you must show the education credentials have been evaluated by a private organization that specializes in interpretation of foreign education programs and such education has been deemed equivalent to that gained in an accredited U.S. education program; or full credit has been given for the courses at a U.S. accredited college or university. For further information, visit: http://www.ed.gov/about/offices/list/ous/international/usnei/us/edlite-visitus-forrecog.html
If you are a veteran with preference eligibility and are claiming 5-points veterans' preference, you must submit a copy of your DD-214 or other proof of eligibility. If you are claiming 10-point veterans' preference, you must also submit an SF-15, "Application for 10-Point Veterans' Preference" plus the proof required by that form. For more information on veterans' preference visit: https://www.usajobs.gov/Veterans.
Males born after 12-31-59 must be registered or exempt from Selective Service (see https://www.sss.gov/RegVer/wfRegistration.aspx).
Career Transition Assistance Programs: These programs apply to employees who have been involuntarily separated from a Federal service position within the competitive service or Federal service employees whose positions have been deemed surplus or no longer needed. You must: (1) meet ICTAP eligibility criteria; (2) be rated well-qualified for the position (3) submit the appropriate documentation to support your ICTAP eligibility.
ICTAP eligibles may apply for special selection priority for this position. Displaced employees must meet the following definition of well-qualified: Well-qualified candidates are those who satisfy all minimum qualification requirements and have conducted complex examinations, in the area of Market Risk that affect the regulated entities .
FHFA is an Equal Opportunity Employer and all qualified applicants will receive consideration for employment regardless of race, color, religion, gender (including pregnancy, sexual orientation, and gender identity), national origin, disability (physical or mental), age (40 years of age or over), genetic information, parental status, marital status, prior protected EEO activity, political affiliation, or other non-merit factors.
FHFA provides reasonable accommodations to applicants with disabilities, except when doing so would pose an undue hardship on the Agency. If you need a reasonable accommodation for any part of the application and hiring process, please notify FHFA at (202) 649-3963. The Agency's decision on granting a 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.
Noncompetitive Appointment Authorities: For more information on noncompetitive appointment authority eligibility requirements:
How You Will Be Evaluated
You will be evaluated for this job based on how well you meet the qualifications above.
This position is being filled through Federal Housing Finance Agency's hiring authority granted by the Housing Economic Recovery Act (HERA). All applicants meeting the basic qualification requirements will be forwarded to the selecting official for consideration. Candidates with Veteran's preference, who meet the specialized experience and education requirements for this vacancy, will be given priority consideration over non-preference candidates.
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.
To apply for this position, you must submit a complete Application Package which includes:
1. Your resume showing hours worked per week, dates of employment and duties performed.
2. Other supporting documents:
- Cover Letter, optional
- SF 50, optional
- College Transcript(s), if qualifying based on education
- Veterans' Preference documentation, if applicable (e.g., DD-214 Member Copy 4 showing type of discharge/character of service, SF-15 Form and related documentation, VA letter, etc.)
- Career Transition Assistance Program/Interagency Career Transition Assistance Program documentation, if applicable (e.g., Certification of Expected Separation, Reduction-In-Force Separation Notice, or Notice of Proposed Removal; SF-50 that documents the RIF separation action; and most recent performance appraisal.)
If you are relying on your education to meet qualification requirements:
Education must be accredited by an accrediting institution recognized by the U.S. Department of Education in order for it to be credited towards qualifications. Therefore, provide only the attendance and/or degrees from schools accredited by accrediting institutions recognized by the U.S. Department of Education.
Failure to provide all of the required information as stated in this vacancy announcement may result in an ineligible rating or may affect the overall rating.
A career with the U.S. Government provides employees with a comprehensive benefits package. As a federal employee, you and your family will have access to a range of benefits that are designed to make your federal career very rewarding. Learn more about federal benefits.
Eligibility for benefits depends on the type of position you hold and whether your position is full-time, part-time, or intermittent. Contact the hiring agency for more information on the specific benefits offered.
How to Apply
To apply for this position, you must complete the online application and submit the documentation specified in the Required Documents section below.
A complete application package must be submitted by 11:59 PM (EST) on 12/30/2020 to receive consideration.
- To begin, click Apply to access the online application. You will need to be logged into your USAJOBS account to apply. If you do not have a USAJOBS account, you will need to create one before beginning the application.
- Follow the prompts to select your resume and/or other supporting documents to be included with your application package. You will have the opportunity to upload additional documents to include in your application before it is submitted. Your uploaded documents may take several hours to clear the virus scan process.
- After acknowledging you have reviewed your application package, complete the Include Personal Information section as you deem appropriate and click to continue with the application process.
- You will be taken to the online application which you must complete in order to apply for the position. Complete the online application, verify the required documentation is included with your application package, and submit the application.
To verify the status of your application, log into your USAJOBS account (https://my.usajobs.gov/Account/Login), all of your applications will appear on the Welcome screen. The Application Status will appear along with the date your application was last updated. For information on what each Application Status means, visit: https://www.usajobs.gov/Help/how-to/application/status/.
If you are unable to apply online, you must request an alternative application which is available from the Human Resources Office. Please contact Janice Obeido at firstname.lastname@example.org or (202) 649-3742 to obtain an alternative application.
Agency contact information
AddressOFFICE OF ENTERPRISE SUPERVISION
400 7th Street
Washington, DC 20219
There will be cut off dates for reviewing applications.
The first cut off date will be 2 weeks from 04/08/2020
Additional cut offs will be as needed.
After all application packages have been received, we will review your materials 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 Occupational Questionnaire. Applicants deemed best-qualified may be contacted for an interview. We anticipate making final job offers for this position though out the announcement. All candidates will be notified of the final disposition.
Fair & Transparent
The Federal hiring process is setup to be fair and transparent. Please read the following guidance.
Equal Employment Opportunity Policy
The United States Government does not discriminate in employment on the basis of race, color, religion, sex (including pregnancy and gender identity), national origin, political affiliation, sexual orientation, marital status, disability, genetic information, age, membership in an employee organization, retaliation, parental status, military service, or other non-merit factor.
Reasonable Accommodation Policy
Federal agencies must provide reasonable accommodation to applicants with disabilities where appropriate. Applicants requiring reasonable accommodation for any part of the application process should follow the instructions in the job opportunity announcement. For any part of the remaining hiring process, applicants should contact the hiring agency directly. Determinations on requests for reasonable accommodation will be made on a case-by-case basis.
A reasonable accommodation is any change to a job, the work environment, or the way things are usually done that enables an individual with a disability to apply for a job, perform job duties or receive equal access to job benefits.
Under the Rehabilitation Act of 1973, federal agencies must provide reasonable accommodations when:
- An applicant with a disability needs an accommodation to have an equal opportunity to apply for a job.
- An employee with a disability needs an accommodation to perform the essential job duties or to gain access to the workplace.
- An employee with a disability needs an accommodation to receive equal access to benefits, such as details, training, and office-sponsored events.
You can request a reasonable accommodation at any time during the application or hiring process or while on the job. Requests are considered on a case-by-case basis.
Legal and regulatory guidance
This job originated on www.usajobs.gov. For the full announcement and to apply, visit www.usajobs.gov/GetJob/ViewDetails/559984600. Only resumes submitted according to the instructions on the job announcement listed at www.usajobs.gov will be considered.