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Credit Risk Officer (Single Family)

Department of Housing and Urban Development
Assistant Secretary for Housing-Federal Housing Commissioner
This job announcement has closed

Summary

This position is located at Department of Housing and Urban Development, Asst Secretary for Housing-Federal Housing Commissioner.

This opportunity is also open to Status eligibles under announcement 25-HUD-215. Please refer to that announcement for details on open period, eligibility, and how to apply.

Overview

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Hiring complete
Open & closing dates
11/29/2024 to 12/13/2024
Salary
$139,395 to - $181,216 per year
Pay scale & grade
GS 14
Location
1 vacancy in the following location:
Washington, DC
Remote job
No
Telework eligible
Yes—as determined by the agency policy.
Travel Required
Occasional travel - You may be expected to travel for this position.
Relocation expenses reimbursed
No
Appointment type
Permanent
Work schedule
Full-time
Service
Competitive
Promotion potential
14
Supervisory status
No
Security clearance
Other
Drug test
No
Financial disclosure
No
Bargaining unit status
Yes
Announcement number
25-HUD-216-P
Control number
821521400

This job is open to

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Clarification from the agency

U.S. citizens or U.S. Nationals; no prior Federal experience is required.

Duties

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As a/an Credit Risk Officer (Single Family), you will:

  • Represent FHA during briefings and negotiations within the Department, as well as with Congress, officials in other Federal agencies, private industry, and or interest groups.
  • Direct the execution of the SF Credit Risk team's mandate, independently or through coordination a team of other subject matter experts. If serving as a team leader, will be responsible for assigning segments of study to various participants, coordinating the efforts of the team, and consolidating findings. Final products will include completed project reports, recommended courses of action, proposed policy/procedure change, and other relevant types of analysis.
  • Guide the development of credit risk policies for the SF program, prepare options for credit risk limits for the SF program (e.g., assess the impact of possible SF credit risk limits on underwriting standards); periodically assess the prudence of re-setting SF premiums; support SF program staff's preparation of options for refining underwriting standards (e.g., assess the relative impact of loosening underwriting standards on mortgage volumes and quality); support SF program staff's preparation of options for servicing asset management policy (e.g., gather knowledge on industry best practices in loss mitigation); prepare policy options for assuring quality of lender and servicer activities (including but not limited to approaches to loan-level reviews, compliance audits, approval and recertification, and management of counterparty risk).
  • Monitor SF credit risk exposure and coordinate effective response - develop options and counsel DAS-RMRA, ADAS-RM, and DIR-RM on the appropriate way to structure the Single Family-credit risk section of FHA's risk heat-map; monitor the SF program's exposure to credit risk against this framework, on an ongoing basis; identify imminent breaches of risk limits set for the SF program, and propose appropriate mitigation responses.

Requirements

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Conditions of employment

The official duty station for this position will be in Washington, District of Columbia. Failure to report to duty at this location may be grounds for a disciplinary action, including removal.

Key Requirements:

  • Must be U.S. Citizen or U.S. National.
  • A one year probationary period may be required.
  • Must successfully complete a background investigation.
  • Complete a Declaration for Federal Employment to determine your suitability for Federal employment, at the time requested by the agency.
  • Have your salary sent to a financial institution of your choice by Direct Deposit/Electronic Funds Transfer.
  • If you are a male applicant born after December 31, 1959, certify that you have registered with the Selective Service System or are exempt from having to do so.
  • Go through a Personal Identity Verification (PIV) process that requires two forms of identification from the Form i-9. Federal law requires verification of the identity and employment eligibility of all new hires in the U.S.
  • Obtain and use a Government-issued charge card for business-related travel.
  • Please refer to "Additional Information Section for additional Conditions of Employment."

Qualifications

You must meet the following requirements by the closing date of this announcement.

Specialized Experience: For the GS-14 grade level, you must have one year (52 full weeks) of specialized experience at a level of difficulty and responsibility equivalent to the GS-13 grade level in the Federal service. Specialized Experience for this position includes:
- Coordinates executive and senior management discussions and decisions regarding credit risk issues facing FHA Single Family Housing Programs; AND
- Leads data analysis of FHA Single Family Housing Programs with knowledge in SAS programming.

Experience may have been gained in either the public, private sector or volunteer service. One year of experience refers to full-time work; part-time work is considered on a prorated basis. To ensure full credit for your work experience, please indicate dates of employment by month/day/year, and indicate number of hours worked per week on your resume.

Education

This job does not have an education qualification requirement.

Additional information

OTHER INFORMATION:

  • We may select from this announcement or any other source to fill one or more vacancies.
  • Relocation expenses will not be paid.
  • Relocation incentive will not be paid.
  • Recruitment incentive will not be paid.
  • This is a bargaining unit position.
  • This position is Exempt from the Fair Labor Standards Act (FLSA).
  • HUD offers alternative and flexible work schedules.
  • This announcement may be used to fill additional vacancies for similar positions across HUD. During the online application process, you will be asked to specify if you would like your application information shared with other hiring managers in the Program Office listed in this announcement or in other HUD Program Offices. Opting to share your application information will not impact your application for this announcement, nor will it guarantee further consideration for additional positions.
CONDITIONS OF EMPLOYMENT (CONTINUED):

HUD employees are subject to a number of government-wide and HUD specific ethics laws and regulations, including restrictions on working in a real estate related business, and having Section 8 tenants, along with other prohibited interests and activities. To review applicable ethics rules and HUD specific restrictions, please visit https://portal.hud.gov/hudportal/HUD?src=/program_offices/general_counsel/ethics.

How you will be evaluated

You will be evaluated for this job based on how well you meet the qualifications above.

Your application includes your resume, responses to the online questions, and required supporting documents. Please be sure that your resume includes detailed information to support your qualifications for this position; failure to provide sufficient evidence in your resume may result in a "not qualified" determination.

Rating: Your application will be evaluated in the following areas: Analytical, Communication, Problem Solving, and Technical.

Category rating will be used to rank and select eligible candidates. If qualified, you will be assigned to one of three quality level categories: Best (highest quality category), Better (middle quality category), or Good (minimally qualified category) depending on your responses to the online questions, regarding your experience, education, and training related to this position. Your rating may be lowered if your responses to the online questions are not supported by the education and/or experience described in your application.

Veterans' preference is applied after applicants are assessed. Preference-eligibles will be listed at the top of their assigned category and considered before non-preference-eligibles in that category.

Qualified preference-eligibles with a compensable service-connected disability of 10% or more will be listed at the top of the highest category.

Referral: If you are among the top qualified candidates, your application may be referred to a selecting official for consideration. You may be required to participate in a selection interview.

If you are a displaced or surplus Federal employee (eligible for the Career Transition Assistance Plan (CTAP)/Interagency Career Transition Assistance Plan (ICTAP)) you must receive a score in the middle quality category or better to be rated as "well qualified" to receive special selection priority.

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