The Federal Housing Finance Agency's mission is to ensure that the housing Government Sponsored Enterprises (GSEs) operate in a safe and sound manner so they serve as a reliable source of liquidity and funding for housing finance and community investment.Learn more about this agency
Incumbent serves as an examiner, responsible for planning, organizing and completing examinations of the FHLBanks and the Office of Finance (OF) for the purpose of ensuring financial safety and soundness and housing mission achievement.
The incumbent, working with team members and/or a Supervisory Examiner:
Conducts the development of work plans in determining the scope of examination activities.
Assesses the components of the CAMELSO rating system.
Serves as a member of an examination team to assess emerging or embedded risks.
Conducts analysis contributing to the conclusion about the FHLBanks and the Office of Finance's financial condition and overall safety and soundness, and degree of compliance with statutory and regulatory requirements.
Conducts due diligence to identify credit risk within the FHLBanks.
Major Duties and Responsibilities
Conducts an evaluation to determine the level and trend of overall credit risk. Assesses credit risk posed by the FHLBank's advances to member institutions, whole loan investments, security investments, and money market investments. Assesses credit concentrations and associated risks.
Conducts an evaluation of the adequacy of FHLBank's credit risk models. This may include models for rating counterparties, valuing whole loan and securities collateral used to secure member advances, and determining credit enhancements for whole loan purchases.
Assesses the FHLBank's credit administration practices and policies.
Assesses the credit risk oversight functions provided by the FHLBank board of directors and senior management, including any designated "risk" committee, and senior management credit risk committee.
Assesses the independent Chief Risk Officer function, including the measurement of risk and independent assessment of the risk management function.
Assesses the adequacy of policies for establishing authorizations and responsibilities, risk strategies, and risk limits. Assesses the adequacy of procedures for promulgating controls over the credit risk management process.
Assesses the Internal Audit coverage of credit risk management processes.
Additional Duties Include
Completes examination work plans to determine the scope of examination activities and develops new or adapted work methods and procedures as needed.
Conducts examinations and reviews in one or more component areas.
Conducts the coordination of examination resources and activities in his/her assigned areas.
Completes written reports regarding the complexity of the operations under examination.
Completes examination findings through a combination of source documents, report comments, and other examination work papers that address management practices. Communicates examination findings and their bases to senior management to elicit management's views.
Follows supervisory guidance such as the examination manual, advisory bulletins, examination guidelines, and policy statements to ensure development of work products is completed according to prescribed FHFA regulatory and supervisory policy and program guidelines and standards.
50% or less - You may be expected to travel for this position.
Job family (Series)
This job originated on www.usajobs.gov. For the full announcement and to apply, visit www.usajobs.gov/GetJob/ViewDetails/567586900. Only resumes submitted according to the instructions on the job announcement listed at www.usajobs.gov will be considered.