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Policy Analyst (Capital Markets)

Farm Credit Administration
Office of Regulatory Policy, Finance and Capital Markets Team

Summary

As a Policy Analyst (Capital Markets), you will be responsible for serving as a subject matter expert and managing the development, revision, and implementation of policy documents and regulations that ensure the safety and soundness of the Farm Credit System (FCS). This position is located in the Finance and Capital Markets Team of the Office of Regulatory Policy.

Overview

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Accepting applications
Open & closing dates
05/21/2026 to 06/05/2026
Salary
$78,504 - $169,548 per year

Salary rate range excludes locality pay. See the Additional Information section for salary ranges by band level and location

Pay scale & grade
VH 38 - 40
Locations
2 vacancies in the following locations:
Sacramento, CA
Greenwood Village, CO
Bloomington, MN
Irving, TX
Remote job
No
Telework eligible
No
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
40
Supervisory status
No
Security clearance
Not Required
Drug test
No
Position sensitivity and risk
Moderate Risk (MR)
Trust determination process
Financial disclosure
Yes
Bargaining unit status
No
Announcement number
VA-26-0024-MP-VD
Control number
870182700

Duties

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Specific duties include:

  • Developing or overseeing the development of regulations and policy statements in the capital markets area in support of statutory requirements that have significant safety and soundness impacts or present significant policy implications.
  • Providing and maintaining expert knowledge of theory, concepts, policies in financial and capital markets and provides a variety of technical assistance functions.
  • Monitoring and identifying important financial and capital markets issues on a variety of regulatory and policy matters that may affect the FCS.
  • Leading the development and presentation of training programs related to regulatory changes and updates in the financial and capital markets area.
  • Engaging in special projects to facilitate FCA's regulatory and the Office's operating objectives, enhance the regulatory process, and/or maintain expertise in the financial and capital markets area.

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.
  • Resume and supporting documents (See How to Apply)
  • Suitability for Federal employment, as determined by a background investigation.
  • May be required to successfully complete a probationary or trial period.
  • Submission of a financial disclosure report may be required.

Qualifications

You may qualify at the VH-38 (GS-12) band level if you have one year of specialized experience equivalent to the VH-37 (GS-11) band level in the Federal service which includes experience and ability to participate in the examination or auditing of a financial institution's capital markets activities (regulatory capital/earnings/liquidity/sensitivity to interest rate risk) or perform financial analysis and evaluation work of (1) one or more of the following: corporate finance and any specialized fields of finance required such as marketable investments, regulatory capital requirements, interest rate risk management, liquidity management, money and securities markets, investments, and banking, and, or(2) the financial and management structure, operations, and practices of the FCS or financial institutions.

You may qualify at the VH-39 (GS-13) band level if you have one year of specialized experience equivalent to the VH-38 (GS-12) band level in the Federal service which includes the ability to lead or perform financial analysis and evaluation work of (1) one or more of the following: corporate finance and any specialized fields of finance required such as marketable investments, regulatory capital requirements, interest rate risk management, liquidity management, money and securities markets, investments, and banking, and, or (2) the financial and management structure, operations, and practices of the FCS or financial institutions; the ability to communicate, either verbally or written, the results and deliverables of such a financial analysis or evaluation; and an understanding of principles, methods, and tools for managing projects.

You may qualify at the VH-40 (GS-14) band level if you have one year of specialized experience equivalent to the VH-39 (GS-13) band level in the Federal service which includes the ability to lead and perform financial analysis and evaluation work of (1) one or more of the following: corporate finance and any specialized fields of finance required such as marketable investments, regulatory capital requirements, interest rate risk management, liquidity management, money and securities markets, investments, and banking, and, or (2) the financial and management structure, operations, and practices of the FCS or financial institutions; the ability to communicate, both verbally and written, the results and deliverables of such financial analysis or evaluation; and a demonstration of the ability to manage finance or capital market related projects that result in a deliverable.

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.

Time-In-Grade Requirements: Current and former Federal employees (including VEOA eligibles) must have served one-year (52 weeks) at the next lower grade in the Federal service to meet time-in-grade restrictions per 5 CFR 300, Subpart F, by the closing date of the announcement.

Education

Education may not be substituted for experience to qualify at the VH-38, VH-39, or VH-40 band level.

This job does not have an education qualification requirement.

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.
  • Males born after 12-31-59 must be registered or exempt from Selective Service. For more information visit: https://www.sss.gov/verify/. 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 the CTAP or ICTAP eligibility criteria; (2) be rated well-qualified for the position with a score of 85 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.
  • Only experience and education obtained by the closing date of this announcement will be considered.
  • All FCA employees are subject to the conflict-of-interest laws and Standards of Ethical Conduct imposed upon all employees of the Executive Branch of the Federal Government and may be required to file a Financial Disclosure Report.
  • FCA's supplemental ethics regulations restrict certain FCA employees concerning their direct or indirect interests in, or connections with, Farm Credit System institutions. These rules also require all employees to obtain approval for outside employment or business activities. Please contact the HR Division for additional information on these rules.
  • FCA uses E-Verify to confirm the employment eligibility of all newly hired employees.
  • This announcement may be used to fill similar vacancies.
  • Applicants are encouraged to apply to all band/grade levels for which believe they are qualified for and wish to receive consideration.
  • Salary (Base) Ranges
  • VH-38: $78,504 to $129,532
  • VH-39: $89,815 to $148,195
  • VH-40: $102,757 to $169,548
  • Locality rate for your specific duty location will be added to your base salary. Locality rates: McLean, VA 33.94%; Bloomington, MN 28.12%; Greenwood Village, CO 31.02%; Irving, TX 27.76%; and Sacramento, CA 30.26%.

The Fair Chance to Compete for Jobs Act of 2019, with some exceptions, prohibits the Farm Credit Administration from requesting an applicant's criminal history record before that individual receives a conditional offer of employment. If you apply to this position and are selected, we will not ask about your criminal history before you receive a conditional job offer. If you believe you were asked about your criminal history improperly, visit our website at (Careers at FCA | Farm Credit Administration) for information on filing a complaint.

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.

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

Once the application process is complete, your two-page resume and supporting documentation will be used to determine whether you meet the job qualifications.

Structured Resume Review: Occupational Experts (OEs) will review your resume to determine your technical qualifications for this position based on the required competencies. OEs will review ONLY your two (2) page resume. OEs will not review additional information beyond your resume (e.g., cover letter, links embedded in your resume).

The competencies you will be assessed on are listed below.

  • Financial Concepts
  • Financial Regulation
  • Oral Communication
  • Project Management
  • Skill in written communication.


If you are found qualified, your application will move forward to additional phase(s) of the review process.

All qualified Non Competitive applicants and the best qualified Merit Promotion applicants will be referred to the hiring manager for consideration.

Farm Credit Administration

At FCA you will find:

  • Competitive salaries
  • Job Stability
  • Work-Life Harmonization
  • Recognition
  • The best coworkers around

Headquartered near our nation's capital, FCA is a small federal agency. We regulate and examine the Farm Credit System, a nationwide network of financial institutions providing credit and related services to farmers, ranchers, and their cooperatives. For the past several years, the Best Places to Work Survey has ranked FCA among the top places to work among small agencies in the Federal Government.

Agency contact information

FCA HR Division
Phone
703-883-4135
Email
Employment_Opportunities@fca.gov
Address
Office of Agency Services, Human Resources Division
1501 Farm Credit Drive
McLean, VA 22102
US

Visit our careers page

Learn more about what it's like to work at Farm Credit Administration, what the agency does, and about the types of careers this agency offers.

https://www.fca.gov

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