The Department of Housing and Urban Development is the nation's housing agency committed to strengthening the Nation's housing market to bolster the economy and protect consumers; meet the need for quality affordable rental homes; utilize housing as a platform for improving quality of life; and build inclusive and sustainable communities free from discrimination.Learn more about this agency
This position is located in the Office of the Chief Financial Officer (OCFO), Department of Housing and Urban Development (HUD). The Office of the Chief Financial Officer provides leadership in instituting financial integrity, fiscal responsibility, and accountability throughout the Department. The mission of OCFO is to lead the Department’s Headquarters and Field Office officials toward the understanding and practice of sound financial management in program development and operations, and in the stewardship of public resources. The OCFO ensures the Department establishes and meets financial management goals and objectives; ensures that the Department is in compliance with financial management legislation and directives; analyzes budgetary implications of policy and legislative proposals; and provides technical oversight with respect to all budget activities throughout the Department.
The Chief Risk Officer (CRO) reports to the Deputy Chief Financial Officer. The primary responsibility of the incumbent is to provide executive leadership and management oversight of HUD’s Enterprise Risk Management (ERM) program, a program that is subject to continual and intense congressional and media scrutiny, and at times controversy.
The major duties of the position are as follows:
Assumes responsibility for the success of the Enterprise Risk Management (ERM) program and related projects which encompasses the full range of factors affecting program/project accomplishment. This includes:
- Obtaining financial, technology, and human resources necessary to accomplish the continual development and improvement of an integrated ERM framework and assuming responsibility for its effective use; and
- Dealing with key officials from within HUD as well as representing the Chief Financial Officer (CFO) and Deputy Chief Financial Officer (DCFO) on departmental, interdepartmental, Congressional, and private sector meetings and conferences to represent HUD in matters that gain understanding and support for the program to reduce fraud, waste, and abuse of taxpayer dollars.
Monitors progress towards organizational goals and makes appropriate adjustments to such goals. This includes:
- Monitoring work status through formal and informal means to evaluate progress towards improved Financial Controls through Financial Transformation objectives;
- Assessing overall effectiveness, efficiency, and productivity of the organization and benchmarking of HUD practices against private and public sector best practices in order to make authoritative recommendations for improvement to key HUD officials;
- Identifying, diagnosing and consulting on problem areas related to implementation and goal achievement and making decisions on alternative courses of action; Will work closely with the Assistant CFO for Financial Management and attached staff in oversight and review of the effectiveness of their day-to-day operational implementation of risk management practices and risk avoidance efforts;
- Provides internal reports on HUD’s ERM status that contain quantitatively and qualitatively rigorous analysis of key risks including credit, market, liquidity, operational, government and reputational risks as well as to meet external required reports to organizations such as Congress, and other governmental agencies Chief Risk Offices.
Makes policy decisions or formally recommends to final approving authority on matters related to the enterprise risk management framework. This includes responsibility for:
- Reviewing staff recommendations or policies developed to affect the organization’s mission as well as to promote a best practice risk-management culture at HUD;
- Considering political, social, economic, technical, and administrative factors with potential impact on the recommended policies; and
- Serving as the executive authority responsible for final recommendation packages sent to the approving officials for signature.
Provides managerial support and administrative supervision to a small administrative staff assigned to support the Departmental framework.
- Has full personnel authority delegation and responsibility to plan, direct and review work of subordinates;
- Oversees cross-cutting project teams lead by subordinates tasked with analyzing enterprise risk across HUD’s program offices – providing guidance as needed to mitigate risk and improve controls that will prevent fraud and waste;
- Directs the crafting of briefing materials, issue papers, memoranda, reports, studies and risk assessments.
Occasional travel - Work related travel may be required.
Job family (Series)
This job originated on www.usajobs.gov. For the full announcement and to apply, visit www.usajobs.gov/GetJob/ViewDetails/598673900. Only resumes submitted according to the instructions on the job announcement listed at www.usajobs.gov will be considered.