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Examination Specialist/Senior Examination Specialist (Modeling)

Federal Housing Finance Agency
Division of FHLBank Regulation (DBR)

Summary

This position is for an Examination Specialist/Senior Examination Specialist (Modeling) in the Division of FHLBank Regulation (DBR), Office of Credit Risk, AMA and Investments Modeling Branch. In this role, the incumbent will be responsible for conducting analyses of the risks facing the regulated entities, with a focus on highly complex credit risk modeling topics.

Overview

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Accepting applications
Posted yesterday · Apply by 06/22/26
Due by 11:59 p.m. ET on June 22, 2026
Location
Work site options
Telework eligible
No
Remote job
No
Relocation expenses reimbursed
No
Salary
$111,677 - $250,888 per year
Pay scale & grade
EL 12 - 14
Promotion potential
14
Pay scale and grade determines the salary of the job.
Work schedule
Full-time
Travel Required
25% or less - You will be expected to travel for this position.
Appointment type
Permanent
Occupations and job series
Supervisory status
No
Federal service type
This job is in the Competitive Service
Represented by a union
Yes
Drug test
No
Security clearance
Other
Position sensitivity and risk
Moderate Risk (MR)
Jobs require a background check and some require a security clearance. The type depends on the job.
Background check type
Financial disclosure required
No
Some jobs require financial disclosure to identify conflicts of interests.
Announcement number
DBR-26-10-DH
Control number
872531600

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. The 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.

The DBR monitors and analyzes the financial condition and performance of the FHLBanks and the market, credit, liquidity, operational, and model risks facing the FHLBanks. The DBR also 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 Examination Specialist/Senior Examination Specialist (Modeling) will conduct analyses of the risks facing the regulated entities, with a focus on highly complex credit risk modeling topics in the areas of FHLBank secured credit programs, single-family mortgage programs, investment activities, and unsecured credit exposures, to identify and assess emerging and embedded risks. In this role, the incumbent will maintain knowledge of best practices of matters related to credit risk modeling, credit risk management, and other areas as appropriate; provide expert guidance on complex and/or controversial issues on FHLBank secured and unsecured credit activities and other supervision matters that may have broad implications; participate in examinations, ongoing monitoring, and other supervisory activities as needed, which involve travel to the regulated entities; and analyze the implications and impact of current and proposed supervision policies, programs, and practices.

Major Duties and Responsibilities

The Examination Specialist/Senior Examination Specialist (Modeling) duties listed below are at the EL-14 grade level. Depending on the grade level selected, the incumbent will perform the following duties with varying levels of supervision and difficulty:

  • Lead and/or conduct highly complex regulatory safety and soundness examinations (including target examinations and horizontal reviews) with emphasis on modeling.
  • Use appropriate credit risk modeling software to quantify and assess credit risk as part of examinations and ongoing monitoring activities.
  • Complete examination work steps, including those related to credit risk modeling.
  • Produce required examination deliverables which include findings memoranda, examination work-papers, and inputs for the reports of examination.
  • Maintain knowledge of issues, trends, and advances in credit risk, credit risk modeling, industry guidance, regulatory expectations, and risk-based examinations of large, complex financial institutions.
  • Lead and/or significantly contribute to the development of supervisory scope, risk-based examination strategies, work plans, reports and memoranda completed according to prescribed FHFA's mission, vision and regulatory and supervisory policy, program guidelines and standards to assess FHLBank asset quality with emphasis in credit risk modeling.
  • Assess adequacy of current examination techniques related to credit risk modeling and recommends and develop enhancements to examination techniques.
  • Identify, measure, and communicate emerging risks in the FHLBank System, including those in banking, financial, housing market, operational risk, and mortgage market developments that could impact credit risk.
  • Prepare written routine and ad-hoc monitoring reports and examination deliverables, providing evaluative, factually accurate, and relevant commentaries that convey and support highly technical or complex conclusions drawn and are appropriate to the complexity of operations being examined or assessed.
  • Communicate complex, technical, and other supervisory conclusions, opinions and recommendations including their support to senior management to elicit management's views.
  • Maintain effective communications internally and external to the agency to ensure that appropriate coordination and follow-up activities take place.
  • 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.
  • This is NOT a remote position; you MUST live within or be willing to relocate within a commutable distance of the Washington, DC duty location.

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: 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 most or all of the statements described below.

Examples of specialized experience include:
  • Participating in credit risk modeling in one of the following areas: secured and unsecured credit, single-family mortgages, investment portfolios; AND
  • Conducting reviews, examinations, or analysis of financial institutions, with a focus on credit risk modeling, including assessing secured and unsecured credit exposure, investment portfolios, and model-driven risk measures to assess risk and support supervisory or business decisions; AND
  • Analyzing financial, portfolio, or market data using tools such as Excel, STATA, SQL, MATLAB, Tableau, or similar applications to identify trends, evaluate portfolio performance or model results, and support assessments of credit risk; AND
  • Preparing or contributing to written reports, briefings, or summaries to communicate findings and support decision-making; AND/OR
  • Reviewing policies, procedures, model documentation, or internal controls to help assess governance, risk management practices, and compliance with guidance; AND/OR
  • Monitoring trends and advances in credit risk, credit risk modeling, industry guidance, regulatory expectations, and risk-based examinations of large, complex financial institutions.

Minimum Qualification EL-13: 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 most or all of the statements described below.

Examples of specialized experience include:
  • Working extensively with credit risk modeling in one of the following areas: secured and unsecured credit, single-family mortgages, investment portfolios; AND
  • Performing and conducting reviews, examinations, or monitoring of financial institutions, with a focus on credit risk modeling, including assessing secured and unsecured credit exposure, investment portfolios, and model-driven risk measures, to assess risk and support supervisory or business decisions; AND
  • Overseeing and analyzing financial, portfolio, or market data using tools such as Excel, STATA, SQL, MATLAB, Tableau, or similar applications to identify trends, evaluate portfolio performance or model results, and identify emerging risks; AND
  • Writing reports, memoranda, or analytical summaries to clearly present findings and recommend actions to stakeholders; AND/OR
  • Evaluating model documentation, methodologies, assumptions, and internal controls, including model validation results or governance practices, to assess effectiveness and identify weaknesses or gaps; AND/OR
  • Monitoring and tracking trends and advances in credit risk, credit risk modeling, industry guidance, regulatory expectations, and risk-based examinations of large, complex financial institutions, including experience developing new credit risk monitoring and assessment reports.

Minimum Qualification EL-14: I qualify for the EL/GS-14 because I have at least 52 weeks of specialized experience at the EL/GS-13 or equivalent demonstrating work experience with all of the statements described below.

Examples of specialized experience include:
  • Serving as a Subject Matter Expert (SME) in credit risk modeling in one of the following areas: secured and unsecured credit, single-family mortgages, investment portfolios; AND
  • Leading complex reviews, examinations, or analysis of financial institutions, with emphasis on credit risk modeling, including assessing secured and unsecured credit exposure, investment portfolios, and model-driven risk measures, to evaluate overall risk and inform strategy or supervisory decisions.; AND
  • Evaluating models, assumptions, performance, and relevant market or economic conditions, including reviewing model methodologies and validation processes, to identify model risk issues and emerging risks; AND
  • Developing approaches, plans, or strategies, such as designing risk assessments, monitoring frameworks, or analytical methodologies, to evaluate complex credit and model risk; AND
  • Developing new credit risk monitoring and assessment reports using data management and modeling skills to identify highly complex current and emerging credit risks; AND
  • Advising leadership or stakeholders on credit risk, model risk, and related issues, including presenting findings and recommending corrective actions, to influence decision-making.

**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.

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 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 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 credit risk models used by large and/or complex financial institutions.
  2. Describe three credit or model risk related topics/data points that may impact an FHLBank's (or a similar institution's) credit risk management activities.
  3. Describe your experience using large datasets and the tools used to manage and complete analysis of those datasets.
  4. Provide an example of your experience developing narrative-based deliverables detailing evaluation of investment or mortgage portfolio credit risk model results and/or modeling activities.
  5. Describe a time you had to explain or defend your technical conclusions or risk-based recommendations to stakeholders who had a different perspective. How did you handle the situation and what was the outcome?


There will also be a short questionnaire to determine your eligibility for the position, if you meet the basic requirement, if you meet the required specialized experience, and a certification of your application (this question is to ensure that the documentation submitted, and the responses selected are factual and accurate).

We recommend that you preview the online questions for this announcement before you start the application process: https://apply.usastaffing.gov/ViewQuestionnaire/12981917

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

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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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