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Examiner/Senior Examiner (Capital Markets)

Federal Housing Finance Agency
Division of FHLBank Regulation (DBR)

Summary

This position is for an Examiner/Senior Examiner (Capital Markets) located in the Division of FHLBank Regulation (DBR), Office of Capital Markets and Financial Risk (OCMFR), Capital Markets Branch. In this role, the incumbent will perform examinations and ongoing monitoring of the FHLBanks' highly complex financial-risk activities.

Overview

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Accepting applications
Open & closing dates
04/27/2026 to 05/11/2026
Salary
$111,677 - $215,054 per year

Reflects the EL-12/13 pay range in Washington, DC. Salary will be based on FHFA's geographical salary structure for your duty location.

Pay scale & grade
EL 12 - 13
Location
Location Negotiable After Selection
1 vacancy
Remote job
No
Telework eligible
Yes—as determined by the agency policy.
Travel Required
25% or less - Travel could be slightly more than 25%
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
Position sensitivity and risk
Moderate Risk (MR)
Trust determination process
Financial disclosure
No
Bargaining unit status
Yes
Announcement number
DBR-26-07-DH
Control number
866771900

Duties

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Division of FHLBank Regulation

The Division of FHLBank Regulation (DBR) is responsible for carrying out the FHFA's statutory duties for ensuring that: 1) the Federal Home Loan Banks (FHLBanks) and the Office of Finance (OF) operate safely and soundly, and 2) the FHLBanks remain adequately capitalized. These functions are performed through on-site examinations and off-site monitoring of the FHLBanks and the OF. DBR also is responsible for policy and regulatory analysis, formulating and planning strategic goals, and conducting and evaluating long-range projects and proposals for all Agency programs relating to the FHFA's supervision and oversight of the FHLBank System.

DBR monitors and analyzes the financial condition and performance of the FHLBanks and the market, credit, liquidity, operational, and model risks facing the FHLBanks. DBR collects financial and other data from the FHLBanks to support the Division's regulatory, policy, supervisory, monitoring, and examination functions. Monitoring and analysis staff participate in on-site examinations at the FHLBanks/OF and provide analyses of issues affecting the FHLBanks/OF as requested by the Deputy Director.

Position Overview

The Examiner/Senior Examiner (Capital Markets) will be responsible for performing examinations and ongoing monitoring of the FHLBanks' highly complex financial-risk activities. They will provide guidance on very complex and/or controversial issues on FHLBank and OF liquidity, earnings, capital, and sensitivity to market-risk activities and other supervision matters that may have broad implications; analyze the implications and impact of current and proposed supervision policies, programs, and practices; and may examine other component areas as assigned.

Major Duties & Responsibilities

The Examiner/Senior Examiner (Capital Markets) duties listed below are at the EL-13 grade level. Depending on the grade level selected, the incumbent will perform the following duties with varying levels of supervision and difficulty:

  • Conduct complex regulatory safety and soundness examinations (including targeted assessments and horizontal reviews) and on-going monitoring of FHLBank and OF financial risks; coordinate resources and activities; and provide support to examination teams and OCMFR staff.
  • Lead the design and implementation of new and innovative examination strategies or work plans for the Branch or Office.
  • Ensure strategies and/or work plans are in full compliance with Division/Agency program goals and objectives as well as with Federal statutes and regulations.
  • Follow supervisory guidance such as the examination manual, operating procedure bulletins, advisory bulletins, examination guidelines, and policy statements to ensure that the examination scope and technical analyses are fully developed and completed according to prescribed FHFA regulatory and supervisory policy and program guidelines and standards.
  • Adapt and/or creatively modify standard procedures and techniques to efficiently identify and thoroughly evaluate highly complex, novel, or unique issues/risks.
  • Maintain knowledge of a wide range/complexity of issues, trends, and advances in financial-risk management, industry guidance, regulatory expectations, capital market activities, and risk-based examinations of large, complex financial institutions.
  • Keep abreast of significant issues or events and all types of emerging risks that may affect the continued safe and sound operations of the FHLBanks and the OF.
  • Maintain effective communications, internally and external to the Agency, to ensure that appropriate coordination and follow-up activities take place.
  • Convey important meaning and qualifying details of technical analysis on more complex or novel topics in concise oral and written presentations.
  • Prepare communications to document activities; respond to requests; and provide support to broader supervision efforts.
  • Prepare supervision reports and examination deliverables, providing thoroughly researched evaluative, factually accurate, and relevant commentaries that convey and support highly technical, unusual, and/or very complex conclusions.
  • Perform other duties as assigned.

Requirements

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Conditions of employment

  • Must be a U.S. Citizen.
  • Males born after 12-31-59 must be registered for Selective Service.
  • 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.
  • Resume and supporting documents (See How To Apply).
  • If you are currently, or have been within the last 5 years, a political Schedule A, Schedule C, Non-career SES or Presidential Appointee employee in the Executive Branch, you must disclose this information to the Human Resources Office.
  • FHFA participates in e-Verify. All new hires must complete the I-9 Employment Verification form either on or before their first day of employment. If a discrepancy arises, you must take affirmative steps to resolve the matter.
  • This position is eligible for inclusion in the bargaining unit. The union that represents employees in this position is the National Treasury Employees Union (NTEU) Chapter 343.
  • The salary for this announcement reflects the EL-12/13 pay range in Washington, DC. Candidate's pay range is based on FHFA's geographical salary structure for their current duty station.
  • If the selectee’s duty station is their private residence, it must be situated more than 50 miles from FHFA Headquarters in Washington, DC. Individuals residing within a 50-mile radius must follow the Agency’s Return to In-Person Work requirements.
  • Selectees generally must reside within 50 miles of a major airport that have routes to the locations of the eleven Federal Home Loan Banks and the Office of Finance that are efficient based on flight times and costs.
  • Please refer to the additional information section for a list of major metropolitan airports.
  • Travel is required to the Federal Home Loan Banks, the Office of Finance in Reston, VA, and the Agency headquarters in Washington, DC.
  • Salary will be based on location.
  • Current FHFA employees who are designated as out-stationed may retain their approved out-stationed duty station if selected.
  • Employees who are not designated as out-stationed will be required to report to Constitution Center in accordance with the Agency’s Return to In-Person Work requirements.
  • The successful candidate will also enroll in the FHFA Housing Finance Examiner (HFE) Commission Program, unless the person holds a commission from another Federal banking agency.

Qualifications

You may qualify for your desired series and grade level if you meet the following qualification requirements:

BASIC REQUIREMENTS:

To be eligible for the 0570 series, you must meet one of the following requirements:

A. Undergraduate and Graduate Education: Major study -- accounting, banking, business administration, commercial or banking law, economics, finance, marketing, or other fields related to the position.

-OR-

B. Specialized Experience (for positions above GS-5): Examples of qualifying specialized experience include:

  • Work requiring a thorough knowledge and the application of commercial accounting or auditing principles and practices (but less than full professional accounting knowledge) with a financial institution.
  • Examining or auditing such financial institutions as savings and loan associations, savings or commercial banking institutions or trust companies, farm credit associations, or Federal or State credit unions.
  • Professional accounting or auditing work that provided a broad knowledge of the application of accounting or auditing principles and practices.
  • Work that provided a thorough knowledge of Federal and State laws applicable to the type of financial institution involved (e.g., savings and loan associations, Bank for Cooperatives, savings or commercial banks, investment institutions, etc.), and of the operations and practices of such institutions.

-OR-

C. Certificate: A certificate as a Certified Public Accountant (CPA) obtained through written examination in a State, territory, or the District of Columbia meets the EL/GS-5 level requirements. Applicants with such certificates may also qualify for higher grade levels based on their education and or experience.

In addition to meeting the above basic education, experience, or certification requirements, applicants must also meet the following minimum qualifications for their desired grade level:

MINIMUM QUALIFICATIONS:

Minimum Qualification EL-12: Applicants must have 52 weeks (one-year) of specialized experience equivalent to the next lower grade level as described below.

Experience: I qualify for the EL/GS-12 because I have at least 52 weeks of specialized experience at the EL/GS-11 or equivalent demonstrating work experience with one or more of the statements described below.

Examples of specialized experience include:
  • Participating in safety and soundness examinations and ongoing monitoring activities to analyze financial records, regulatory reports, institutional policies, and internal controls, and to support the execution of risk-based examination scopes, work plans, or targeted assessments; AND/OR
  • Analyzing moderately complex financial activities to assess compliance with applicable laws, regulations, and supervisory guidance; identifying irregularities or control weaknesses; and supporting recommendations to address identified risk management issues; AND/OR
  • Preparing or contributing to examination and monitoring deliverables, such as workpapers, risk assessments, or findings memoranda, to ensure technical accuracy, alignment with examiner guidance, and effective communication of risk observations to internal or external stakeholders

Minimum Qualification EL-13: Applicants must have 52 weeks (one-year) of specialized experience equivalent to the next lower grade level as described below.

Experience: I qualify for the EL/GS-13 because I have at least 52 weeks of specialized experience at the EL/GS-12 or equivalent demonstrating work experience with one or more of the statements described below.

Examples of specialized experience include:
  • Leading or conducting complex safety and soundness examinations and ongoing monitoring activities to assess complex or emerging risks and to develop and execute risk-based examination strategies, scopes, or work plans; AND/OR
  • Analyzing complex or novel financial activities to determine compliance with applicable laws, regulations, and supervisory guidance; identifying significant deficiencies or weaknesses; and developing or recommending corrective actions to strengthen risk management practices and internal controls; AND/OR
  • Preparing, reviewing, and authoring complex examination and monitoring deliverables, such as workpapers, findings memoranda, or risk reports, to ensure conclusions are well-supported, technically accurate, policy-aligned, and clearly communicated to internal or external stakeholders.

*Audit or safety and soundness examination experience strongly desired. Commissioned examiners strongly encouraged to apply*

**Failure to provide your transcripts, when required, for any of the options above will remove you from the hiring process**

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

An Overview of FHFA's Benefits provides a summary of benefits for the current fiscal year.

Out-stationed Locations/Duty Station: Selectee is eligible for establishing their home residence as their duty station based on the examiner job requirement to spend a minimum of 25 days annually to conduct on-site examinations of the FHLBanks and the Office of Finance in Reston, Virginia.

Selectees generally must reside within 50 miles of a major airport. Major airports include those that the FAA designates as a Large Hub (L) airport (see https://www.faa.gov/sites/faa.gov/files/2024-06/cy23-commercial-service-enplanements-preliminary.pdf) and have routes to the locations of the eleven Federal Home Loan Banks and the Office of Finance that are efficient based on flight times and costs.

FHFA Employees: Out-stationed employees may retain status if selected. All others report to Constitution Center.

Males born after 12-31-59 must be registered or exempt from Selective Service (see https://www.sss.gov/RegVer/wfRegistration.aspx).

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 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 ACCOMMODATION: 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. 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.

Candidates should be committed to improving the efficiency of the Federal government, passionate about the ideals of our American republic, and committed to upholding the rule of law and the United States Constitution.

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 the Federal Housing Finance Agency's hiring authority granted by the Housing Economic Recovery Act (HERA) and is considered a Mission Critical Occupation. For this reason, veteran's preference does not apply to this announcement.

For this position, you will be required to complete a narrative assessment through your responses to the prompts in the questionnaire portion of the announcement. If you meet the minimum qualification requirements and are eligible for the position, your narrative assessment responses will be evaluated by a panel of subject matter experts. Through your narrative assessment responses, you will be measured on the following competencies:

Competencies:

  • Technical Proficiency
  • Critical and Analytical Thinking
  • Oral and Written Communication


To fulfill the requirements of the narrative assessment, applicants must provide a written response to the following prompts in their assessment questionnaire:

1. Describe your experience completing supervision, reviews, or examination of large and/or complex financial institutions.
2. Describe three capital markets related topics/data points that may impact FHLBank (or a similar institution) debt issuance or liquidity management activities.
3. Detail your experience participating in a supervisory process where a challenging issue required research and/or innovative approaches to identify and measure risk that resulted in recommending or requiring corrective action.
4. Describe your experience working in a diverse group to solve a complex risk-focused issue and how you demonstrated both collaboration and leadership.
5. Describe your experience developing narrative-based deliverables detailing financial institution operations and/or capital market activities.
6. Describe a time you took a complex data set, analyzed it, identified key risks and/or themes, and presented it, either written or orally, in an understandable way to a less technical audience.

We recommend that you preview the online questions for this announcement before you start the application process. To preview the assessment questionnaire: https://apply.usastaffing.gov/ViewQuestionnaire/12944325

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.

In accordance with the Fair Chance Act, the Federal Housing Finance Agency (FHFA) may not request, in oral or written form, that an applicant for an appointment to (FHFA) disclose criminal history record information before the appointing authority extends a tentative offer to the applicant. Allegations of FHFA violations of this Act may be submitted to fairchanceactcomplaints@fhfa.gov or to Fair Chance Act Complaints, Office of Human Resources Management, Employee Relations Branch, FHFA 400 7th Street, SW Washington DC 20219 within 30 days from the agency employee's alleged non-compliance with the law.

Federal Housing Finance Agency

Join U.S. Federal Housing and Make a Difference!

At U.S. Federal Housing, we are driven by a deep commitment to public service and the belief that everyone deserves access to safe, sustainable, and affordable housing. Our mission is to ensure that the housing government-sponsored enterprises - Fannie Mae, Freddie Mac, and the Federal Home Loan Banks - operate in a safe and sound manner so they can serve as a reliable source of liquidity and funding for housing finance and community investment across the nation.

When you join U.S. Federal Housing, you become part of a team that plays a critical role in building a stronger, more efficient housing finance system. You'll contribute to work that directly impacts millions of Americans - advancing homeownership and supporting communities.

U.S. Federal Housing fosters a high-performing workplace where every employee is respected, valued, and empowered to succeed. We proudly uphold our core values, and we recognize the dedication of our workforce through a culture of excellence, collaboration, and service.

Bring your talent to U.S. Federal Housing and be part of something bigger - protecting the American dream of home ownership.

Agency contact information

Ryan Stanger
Phone
771-233-7320
Email
ryan.stanger@fhfa.gov
Address
FEDERAL HOUSING FINANCE AGENCY
400 7th Street, SW
Washington, DC 20219
US

Visit our careers page

Learn more about what it's like to work at Federal Housing Finance Agency, what the agency does, and about the types of careers this agency offers.

https://www.fhfa.gov/about/careers

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