Executive Designation. This is a position designated as an FHFA Executive by the Director as based on the incumbent's influence over and accountability for effectively accomplishing the FHFA mission. Following is a general description of the executive roles and responsibilities representative of FHFA executive positions, followed by a description of programs and functions managed, reporting structure and the specific roles and responsibilities assigned specifically to this position.
Summary
Executive Designation. This is a position designated as an FHFA Executive by the Director as based on the incumbent's influence over and accountability for effectively accomplishing the FHFA mission. Following is a general description of the executive roles and responsibilities representative of FHFA executive positions, followed by a description of programs and functions managed, reporting structure and the specific roles and responsibilities assigned specifically to this position.
Executive Roles and Responsibilities:
Serves as a key advisor to the Deputy Director of the Division of Research and Statistics (DRS) with responsibility for participating in major decisions and general management of the Division. Provides strategic and operational expertise to the Director of FHFA and senior leadership.
Oversees the management of assigned organizational unit and/or program area, directing and coordinating the implementation of programs and policies for assigned functional area. Analyzes the implications and impact of current and proposed policies, programs, and practices, with broad discretion to approve courses of action and resolve concerns of major significance.
Leads, motivates and develops a staff of employees. Evaluates performance in accordance with FHFA guidelines; has full authority to make a broad range of human resource decisions including hiring, promotion, adverse actions, performance evaluation/awards and the development/training/mentoring of staff. Models innovation, creativity and excellence and encourages the development of those competencies throughout FHFA. Performs these duties following equal employment opportunity principles.
Establishes objectives and goals in support of the agency/organization's mission and strategic/operating plans. Develops short- and long-term plans and establishes priorities for the organization. Plans and manages resources with accountability for achievement of organizational goals and objectives and for overall agency results.
Serves as a senior advisor to FHFA senior leadership, providing advice as a technical authority on complex, mission critical areas where topics have little or no precedent and broad implication.
Functional Roles and Responsibilities:
Serves as FHFA's Chief Economist and provides executive leadership to staff in the Office of Economic Research (OER). OER staff members conduct cutting edge academic, policy and industry-relevant research relating to the micro and macro-prudential risks of the HGSEs and the market environment in which they operate.
The incumbent reports to the Deputy Director of DRS. Serves as a key source of independent advice to the Deputy Director and senior agency leadership on significant economic and policy issues affecting the supervision of the HGSEs. The incumbent monitors, analyzes, and evaluates general and regional economic trends and financial and economic developments that have a direct bearing on housing and mortgage finance markets and participants. Utilizes sound communication skills in both written and oral presentations and demonstrates advanced skill in communicating complex issues understandably to a wide variety of internal and external audiences.
The incumbent manages and directs the day-to-day operations of OER including hiring, mentoring, and sustaining a team of PhD economists. Advances FHFA's track record of timely and high-quality research publications related to mortgage and fixed-income finance, housing, capital markets, and the behavior of housing market participants. Publications may include working papers and publications in peer-reviewed scholarly journals and other outlets. Applies working familiarity with modern data science and quantitative tools (e.g. Python, R, SQL) to enhance FHFA's data-influenced decision-making. Guides the OER staff in the development of new data and analytic products to disseminate to the public.
The incumbent fosters a collaborative environment building coalitions between economists in OER, other FHFA divisions, and external parties (e.g. academic, government, and corporate organizations). The incumbent represents FHFA in meetings with the HGSEs, other regulatory agencies, external economists, financial analysts, securities/equities analysts, rating agencies and members of the academic community. Delivers speeches, serves on panels, and maintains contacts with relevant organizations.
Creates, implements and directs the management of FHFA's research program and ensures appropriate alignment with the organization's strategic goals and management objectives. The research program will focus on the proactive identification and assessment of risks impacting the HGSEs, the national housing market, and policy implications. The research agenda is developed collaboratively with input from other FHFA divisions. The incumbent expands OER expertise into areas including but not limited to environmental economics, industrial organization, banking and capital regulation, insurance, forecasting and secondary mortgage markets through selective hiring as well as collaboration with academic and industry experts.
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.
Qualifications
Education Requirements:
Economist, EL/GS-0110
Degree in economics, that included at least 21 semester hours in economics and 3 semester hours in statistics, accounting, or calculus.
OR
Combination of education and experience: courses equivalent to a major in economics, as shown above, plus appropriate experience or additional education.
In addition to the Basic Requirement listed above, you must meet the required specialized experience below.
Qualifying experience for the LL-01 level includes one year of specialized experience at the equivalent to GS/EL-15 which is in or directly related to the line of work of the position to be filled and 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:
Substantive senior level professional experience in a research, government, corporate, or private or academic organization.
Experience advising senior leadership and executives on complex economic issues and related policy implications.
Monitoring, analyzing, and evaluating general and regional economic trends and financial and economic developments that have a direct bearing on housing and mortgage finance industries.
Directing, planning, and conducting research and economic policy and analyses to assess and project the short and long-term impact of issues and structural trends in the housing and mortgage finance industries.
Successful leadership or management of a significant economic research agenda that aligns with an organization's strategic goals/objectives.
Ability to work as a leader, mentor and collaborator with teams of applied and research economists, monitoring economic developments and conducting large-scale quantitative modeling.
A track record of timely and high-quality academic research publications related to mortgage, housing, or fixed-income markets or the participants in these markets.
Working familiarity with modern data science and analytic tools and comfort working with economists facile in such tools (e.g. Python, R, SQL)
Ideal candidates will possess a Ph.D. in Economics/Finance or a closely related field and will have ten or more years of specialized experience.
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.
Education
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
Additional information
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.
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. To receive selection priority for this position, you must: (1) meet CTAP or ICTAP eligibility criteria; (2) be rated well-qualified for the position with a score of 90 or above; and, (3) submit the appropriate documentation to support your CTAP or ICTAP eligibility. For more information visit: http://www.opm.gov/rif/employee_guides/career_transition.asp.
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.
REASONABLE ACCOMODATION:
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:
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. Opens in a new windowLearn 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 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.
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, ECQs, and the completed Occupational Questionnaire. Applicants deemed best-qualified may be contacted for an interview. We anticipate making a final job offer for this position within 45 days after the deadline for applications. All qualified candidates will be notified of the final disposition.
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.
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. Opens in a new windowLearn 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.
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 (strongly recommended if you are or were in the federal service)
College Transcript(s) are required.
Executive Core Qualifications
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 not a current FHFA executive, your application must also indicate how you meet the Executive Core Qualifications (ECQ's): You can submit a summary not more than 2 pages total of your experience as it relates to the following factors, or provide evidence of meeting each of the ECQs by clearing reflecting this experience within your resume.
ECQs:
Ability to deliver results
Skill in building coalitions
Ability to manage resources
Ability to lead people
Ability to lead change.
This summary may include professional and volunteer experience, education, training, and awards.
Please note: You may also apply for this position with your Resume only. Although you are not required to address the ECQ's separately, evidence of each must be clearly reflected in your resume.
If you are a current FHFA executive, you do not have to submit or directly address the ECQ's.
If you are relying on your education to meet qualification requirements:
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.
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 04/07/2021 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 janice.obeido@fhfa.gov or (202) 649-3742 to obtain an alternative application.
Division of Research and Statistics
Constitution Center
400 7th Street
Washington, DC 20219
US
Next steps
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 qualified may be contacted for an interview. We anticipate making a final job offer for this position within 45 days after the deadline for applications. All candidates will be notified of the final disposition.
***There is currently one vacancy available. However, should additional vacancies become available within three months from the opening date of this announcement, eligible applicants for this position may be referred for consideration for the additional position(s).
The Federal hiring process is set up to be fair and transparent. Please read the following guidance.
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 (strongly recommended if you are or were in the federal service)
College Transcript(s) are required.
Executive Core Qualifications
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 not a current FHFA executive, your application must also indicate how you meet the Executive Core Qualifications (ECQ's): You can submit a summary not more than 2 pages total of your experience as it relates to the following factors, or provide evidence of meeting each of the ECQs by clearing reflecting this experience within your resume.
ECQs:
Ability to deliver results
Skill in building coalitions
Ability to manage resources
Ability to lead people
Ability to lead change.
This summary may include professional and volunteer experience, education, training, and awards.
Please note: You may also apply for this position with your Resume only. Although you are not required to address the ECQ's separately, evidence of each must be clearly reflected in your resume.
If you are a current FHFA executive, you do not have to submit or directly address the ECQ's.
If you are relying on your education to meet qualification requirements:
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.
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 04/07/2021 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 janice.obeido@fhfa.gov or (202) 649-3742 to obtain an alternative application.
Division of Research and Statistics
Constitution Center
400 7th Street
Washington, DC 20219
US
Next steps
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 qualified may be contacted for an interview. We anticipate making a final job offer for this position within 45 days after the deadline for applications. All candidates will be notified of the final disposition.
***There is currently one vacancy available. However, should additional vacancies become available within three months from the opening date of this announcement, eligible applicants for this position may be referred for consideration for the additional position(s).
Fair and transparent
The Federal hiring process is set up to be fair and transparent. Please read the following guidance.
