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The incumbent functions as a Senior Risk Analyst/Risk Analyst (Financial Crimes) in Audit and Financial Controls Branch (AFCB)
Office of the Chief Accountant (OCA)
OCA is FHFA's authoritative source for accounting and auditing-related matters. OCA conducts independent oversight of regulated entity accounting policies; internal control over financial reporting (ICFR); financial disclosures; internal and external audit; and financial crimes compliance and risk management by:
Assessing accounting policies and estimates for consistency with U.S. Generally Accepted Accounting Principles (GAAP);
Monitoring accounting and auditing standard-setting activities relevant to the regulated entities and collaborating with standard setters;
Reviewing regulated entities' public financial reports and the FHLBank Combined Financial Report to evaluate the quality of disclosures in light of applicable accounting standards and to assess whether they materially comply with FHFA and, where applicable, SEC rules and regulations;
Providing technical accounting and financial reporting expertise to support development and administration of the Call Report System;
Assessing the regulated entities' internal control over financial reporting (ICFR) to evaluate control deficiency identification, aggregation, and remediation;
Performing and documenting research and comparative reviews of the regulated entities' accounting, disclosures, internal and external audit functions, and financial crime and fraud compliance and risk management; and
Implementing FHFA's MOU with the Financial Crimes Enforcement Network (FinCEN).
The incumbent functions as a Senior Risk Analyst/Risk Analyst (Financial Crimes) in Audit and Financial Controls Branch (AFCB) which is responsible for providing the following in the financial crimes and audit disciplines to support the Agency's goals of safety and soundness and mortgage market resiliency:
subject matter expertise and analyses on current and emerging risks and regulatory standards;
fraud trend data and comparative analyses, website content for fraud prevention, and content for use by FHFA personnel on FHFA's intranet site;
data reporting to other federal agencies as applicable; and
supervisory oversight support including the development of policy and guidance.
Major Duties and Responsibilities
Contribute to the development and writing of reports in area(s) of risk expertise. Assist with research projects designed to expand the understanding of regulated entity exposures to specific and emerging risks. Conduct research through the utilization of various data sources. Assist with developing views on the ever-changing financial crimes environment, specifically in the areas of fraud risk, compliance with Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) requirements, and economic sanctions risk. Provide technical advice and guidance to other risk analysts, examiner, and management.
Assist with the development supervision and risk-based examination guidance on complex supervisory issues related to financial crimes. Identify, analyze, and develop safety and soundness guidance and affordable housing activity documents based on legislation, regulations, and supervision and Agency objectives. Evaluate the effectiveness of guidance in promoting the efficient accomplishment of supervisory objectives and the consistent implementation of policy throughout the division.
Conduct or participate in briefings, meetings and presentations on the results of risk analysis reports and projects and significant policy initiatives on highly complex and safety and soundness matters to technical audiences. Provide risk analyses in at least one of the relevant risk areas. Organize briefings and provide appropriate supporting documentation.
Identify and provide subject matter expertise in relevant issues, trends, theories and industry best practices in the risk area(s) of expertise. May advise staff on safety and soundness standards and related activities at other financial regulators. Assists with the development of examination policy, procedures and safety and soundness standards applicable to the risk examination program areas.
Provide assistance to other analysts by serving as team and project member on various reports in the relevant risk area(s). Provide quality editing support for final documents.
Apply appropriate methods for gathering information, drawing conclusions, and formulating recommendations.
Support examiner training initiatives in their respective risk area by developing course documentation and teaching.
Participates in Agency/Office/Branch in meetings both internally within FHFA as well as externally at regulated entities and other forums (e.g., conferences, inter-agency meetings, etc.) as necessary. Agency officials recognize the incumbent as a technical expert in specific and emerging risk.
Occasional travel - 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/575146100. Only resumes submitted according to the instructions on the job announcement listed at www.usajobs.gov will be considered.