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    Duties

    Summary

    FHFA's Division of Research and Statistics (DRS) focuses on research, analytics, and the warehousing of data related to the U.S. mortgage and housing markets, with the aim of supporting FHFA's mission. DRS staff members conduct work in areas including but not limited to economic research and modeling, policy evaluation, management and validation of economic data, and the development and delivery of FHFA's statistical and data products.

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    Responsibilities

    The Senior Economist/Senior Statistician or Economist/Statistician in DRS uses their knowledge of modern economic concepts, along with skills in statistics and data science, to develop defensible models for supporting data-influenced decision-making within the agency and for public education. Possible examples of modeling projects include modeling of consumer behavior (e.g. credit risk, prepayments, defaults, severity of losses), impacts of macroeconomic events on mortgage and housing markets (e.g. COVID-19 impacts, natural disasters), and financial institution behavior. Economists/Statisticians also monitor the effectiveness and accuracy of existing models that are developed for repeated use and making enhancements to improve the performance of those models
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    Major Duties and Responsibilities

    Designs, develops, and enhances quantitative models used to understand and evaluate the behavior of mortgage market participants, including consumers and firms, and overall functioning of mortgage and housing markets. May develop competing or alternative models to test the robustness and validity of model performance. Develops models to proactively identify and quantify emerging risks in the mortgage market.

    Utilizes knowledge of contemporary research methods, including but are not limited to, classical econometrics, machine learning, time-series analysis, computational statistics and/or finance (e.g., Value-at-Risk, stochastic processes and simulations, portfolio valuation), and financial metrics.

    Provides technical and analytical support with respect to economic and financial models, particularly those used to measure, monitor, and evaluate consumer behavior as well as firm/industry risks (e.g., credit, operational).

    Assists in the planning, design, development, and documentation of prototype risk evaluation and risk management models suggested by other FHFA analytic and research programs.

    Conducts testing, monitoring, and refinement of risk models.

    Provides technical advice and guidance to peers and subordinates and FHFA management on understanding the results of economic and statistical models.

    Works closely with office directors and other staff to develop new regulations, orders, or policies that should be undertaken to respond to potential threats to the safety and soundness of the GSEs.

    Conducts research and prepares formal written products to facilitate the development, understanding and analysis of techniques for valuation and risk measurement. Ensures models and results are fully documented and reproducible.

    Represents FHFA in meetings with other government agencies, GSEs, and industry groups on the economic effect of the financial services industry and mortgage market policy issues.

    Presents organized briefings on the results of complex economic and financial studies to senior agency officials.
    Presents analytical findings to senior managers of the agency, regulated entities, peers, researchers, and the general public.

    Note: This is an interdisciplinary position classifiable in any one of the following series:
    Senior Economist, EL-0110
    Senior Statistician (Economics), EL-1530

    Travel Required

    Occasional travel - You may be expected to travel for this position.

    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/590402800. Only resumes submitted according to the instructions on the job announcement listed at www.usajobs.gov will be considered.