The employee will serve as a Senior Examination Specialist (Market Risk Modeling) with the Division of FHLBank Regulation (DBR), Office of Capital Market and Financial Risk (OCMFR) at the Federal Housing Finance Agency (FHFA). In this role, the incumbent will be responsible for performing examinations and ongoing monitoring of the FHLBanks' highly complex financial risk activities, with a focus on financial-risk modeling.
Summary
The employee will serve as a Senior Examination Specialist (Market Risk Modeling) with the Division of FHLBank Regulation (DBR), Office of Capital Market and Financial Risk (OCMFR) at the Federal Housing Finance Agency (FHFA). In this role, the incumbent will be responsible for performing examinations and ongoing monitoring of the FHLBanks' highly complex financial risk activities, with a focus on financial-risk modeling.
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. Also, the DBR collects financial and other data from the FHLBanks to support the Division's regulatory, policy, supervisory, monitoring, and examination functions. The 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 Senior Examination Specialist (Market Risk Modeling) will provide guidance on 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. This role will also analyze the implications and impact of current and proposed supervision policies, programs, and practices.
Major Duties & Responsibilities
The Senior Examination Specialist (Market Risk 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:
Conduct highly complex safety and soundness examinations (including targeted assessments and horizontal reviews) and on-going monitoring and supervision of FHLBank and OF financial risks.
Lead and conduct on-the job training for lower-grade examiners, and provide support to examination teams and other staff.
Advise on all aspects of the supervisory process and activities, including policy development and identification of potential horizontal review and targeted assessment topics for management consideration.
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.
Gather, analyze, evaluate, and examine highly complex (including unique or novel activities and risks) FHLBank and OF records, policies, procedures, practices, financial products, and services.
Draw conclusions on the adequacy of financial-risk management specifically related to the Liquidity, Earnings, Capital, and Sensitivity-to-Market Risk components, and the level and direction of risk and quality of risk management based on the factual and in-depth knowledge/understanding of inherent risks, processes, controls, and residual risks.
Maintain ongoing and 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 highly complex, novel, or controversial topics in concise oral and written presentations.
Prepare communications to thoroughly document activities, respond to all types of requests, and provide key support to broader supervision efforts.
Serve as a primary contact and liaison with external agencies or stakeholders as a subject-matter expert.
Advise FHFA management and assists in the development of related communication, policy, and risk-oversight strategies.
Attend meetings, develop agendas, and lead effective communications regarding wide-ranging program topics.
Must be an FHFA employees with status in the competitive service.
Males born after 12-31-59 must be registered for Selective Service.
Resume and supporting documents (See How To Apply).
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.
Status candidates must meet time-in-grade requirements (52 weeks at the next lower grade level).
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 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-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 the statements described below.
Examples of specialized experience include:
Conducted examinations or ongoing monitoring of market risk, financial-risk modeling, or model risk management activities at large, or complex financial institutions to assess financial risks, compliance with supervisory guidance, and the effectiveness of risk management practices; AND
Performing quantitative analyses and evaluating financial models, regulatory reporting, and model risk management practices to assess model performance, identify risks, and to develop supervisory recommendations;AND/OR
Gathering, analyzing, and evaluating financial, supervisory, and operational information to identify emerging risks, determine examination scope, and support examination findings and ongoing monitoring activities; AND/OR
Researching emerging risks, financial-risk modeling practices, supervisory guidance, and industry developments to support examinations, ongoing monitoring, and supervisory activities; AND/OR
Preparing examination reports, findings memoranda, and other written products, and communicating technical analyses and recommendations to support supervisory conclusions and corrective actions.
Minimum Qualification EL-14: 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-14 because I have at least 52 weeks of specialized experience at the EL/GS-13 or equivalent demonstrating work experience with the statements described below.
Examples of specialized experience include:
Leading examinations, targeted assessments, horizontal reviews, and ongoing monitoring of market risk, financial-risk modeling, or model risk management activities at large, or complex financial institutions to direct examination activities and provide technical leadership throughout the supervisory process; AND
Serving as the technical expert on market risk and financial-risk modeling by leading quantitative analyses and evaluating financial models, regulatory reporting, and risk management practices to influence examination strategies, supervisory decisions, and supervisory policy; AND/OR
Planning and directing risk-based examination strategies, work plans, and ongoing monitoring activities to assess emerging risks, establish examination priorities, and support supervisory conclusions; AND/OR
Advising examination teams and management on complex or emerging issues involving market risk, model risk management, liquidity, earnings, capital, and related financial risks to support supervisory decisions and risk oversight activities; AND/OR
Leading research and policy analyses involving market risk, financial-risk modeling, or supervisory issues to develop supervisory guidance, examination methodology, and other supervisory products.
*Failure to provide your transcripts, when required, for any of the options above will remove you from the hiring process*
Time-In-Grade: Current or former Federal government employees who have held an EL/GS position in the preceding 52 weeks, must meet the time-in-grade requirement.
To be eligible for the EL-13 position, applicants must have served 52 weeks as an EL/GS-12 or higher in the Federal Service.
To be eligible for the EL-14 position, applicants must have served 52 weeks as an EL/GS-13 or higher in the Federal Service.
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
Salaries for FHFA employees selected for a competitive or non-competitive promotion will be set according to the FHFA Non-executive Compensation Policy #102, which states salary increases resulting from a promotion may be up to 10 percent above the employee's current salary.
FHFA is an Equal Opportunity Employer. All qualified applicants will receive consideration without regard to race, color, religion, sex (including pregnancy, sexual orientation, and gender identity), national origin, disability, age (40 or older), genetic information, parental or marital status, prior protected EEO activity, political affiliation, or any other non-merit factor.
Reasonable Accommodation (RA) Requests: If you believe you have a disability (i.e., physical or mental), covered by the Rehabilitation Act of 1973 as amended that would interfere with completing the USA Hire Competency Based Assessments, you will be granted the opportunity to request a RA in your online application. Requests for RA for the USA Hire Competency Based Assessments and appropriate supporting documentation for RA must be received prior to starting the USA Hire Competency Based Assessments. Decisions on requests for RA are made on a case-by-case basis. If you meet the minimum qualifications of the position, after notification of the adjudication of your request, you will receive an email invitation to complete the USA Hire Competency Based Assessments, based on your adjudication decision. You must complete all assessments within 48 hours of receiving the URL to access the USA Hire Competency Based Assessments if you received the link after the close of the announcement. To determine if you need a RA, please review the Procedures for Requesting a Reasonable Accommodation for Online Assessments.
REASONABLE ACCOMMODATION: FHFA provides accommodations to applicants with disabilities unless it would create an undue hardship. To request an accommodation, contact reasonableaccommodations@fhfa.gov. All requests are reviewed case by case.
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.
A career with the U.S. government provides employees with a comprehensive benefits package. As a federal employee, you and your family will have access to a range of benefits that are designed to make your federal career very rewarding. Opens in a new windowLearn more about federal benefits.
Eligibility for benefits depends on the type of position you hold and whether your position is full-time, part-time or intermittent. Contact the hiring agency for more information on the specific benefits offered.
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 based on how well you meet the qualifications listed in this vacancy announcement. Your qualifications will be evaluated based on your application materials (e.g., resume, supporting documents), your responses on the application questionnaire, and your responses to all assessments required for this position.
You will be assessed on the following competencies (knowledge, skills, abilities, and other characteristics):
Attention to Detail
Customer Service
Decision Making
Flexibility
Influencing/Negotiating
Integrity/Honesty
Interpersonal Skills
Learning
Reading Comprehension
Reasoning
Self-Management
Stress Tolerance
Teamwork
Overstating your qualifications and/or experience in your application materials or application questionnaire may result in your removal from consideration. Cheating on an assessment may also result in your removal from consideration.
We recommend that you preview the online questions for this announcement before you start the application process. To preview the application questionnaire, click the following link: https://apply.usastaffing.gov/ViewQuestionnaire/13065962
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.
A career with the U.S. government provides employees with a comprehensive benefits package. As a federal employee, you and your family will have access to a range of benefits that are designed to make your federal career very rewarding. Opens in a new windowLearn more about federal benefits.
Eligibility for benefits depends on the type of position you hold and whether your position is full-time, part-time or intermittent. Contact the hiring agency for more information on the specific benefits offered.
FHFA's application process has been specifically developed to ensure that we only ask you for the information we absolutely need to evaluate your qualifications and eligibility. All applicants are required to submit the following supportive documents:
1. Your Resume: Whether you have written a federal resume before or not, you may want to check out the new USAJOBS Help Center link (USAJOBS Help Center - How do I write a resume for a federal job?), as it details what you should, and should not, include in your resume. Below you will find some of the required information that you should include in your federal resume:
Contact Information: Your name and the best way to contact you.
Relevant work experience: Job experience should include employer name, job title, start and end dates (month/year), the number of hours worked per week and descriptions that explain how you meet the required qualifications in the job announcement.
Education, certifications or licensures: If the job announcement requires any education, certifications or licensures, make sure you include the required information on the resume.
Other important information regarding your resume:
As a part of the Executive Order 14170 titled, "Reforming the Federal Hiring Process and Restoring Merit to Government Service", all applicant resumes must be 2 pages or less. The long-form Federal resume style is now prohibited under this Executive Order. To be compliant with this guidance, please limit your resume to 2 pages. If more than 2 pages are submitted, only the first 2 pages will be reviewed to determine your eligibility/qualifications.
Due to the new 2-page resume limitation, finalists for this position may be asked to provide additional previous employment information for pay setting purposes.
2. It is strongly recommended that status candidates submit and SF-50 showing highest grade held on a permanent basis in the competitive service.
3. Other supporting documents:
Cover Letter, optional
College Transcript(s), if qualifying based on education or if there is a basic requirement that involves education
If you are relying on your education to meet qualification requirements:
Failure to provide all of the required information as stated in this vacancy announcement may result in an ineligible rating or may affect the overall rating.
Please read the entire announcement and all the instructions before you begin an application. To apply and be considered for this position, you must complete all required questionnaires, assessments and submit all required documentation as specified in the How to Apply and Required Documents section. The complete application package must be submitted by 11:59 PM (ET) on the closing date of the announcement to receive consideration. The application process is as follows:
Click the Apply Online button.
Answer the questions presented in the application and attach all necessary supporting documentation.
Click the Submit Application button prior to 11:59 PM (ET) on the announcement closing date.
If you are required to complete any USA Hire Assessments, you will be notified after submitting your application. The notification will be provided in your application submission screen and via email. The notification will include your unique assessment access link to the USA Hire system and the completion deadline. Additionally, in USAJOBS you can click "Track this application" to return to your assessment completion notice.
Access USA Hire using your unique assessment link. Access is granted through your USAJOBS login credentials.
Review all instructions prior to beginning your assessments. You will have the opportunity to request a testing accommodation before beginning the assessments should you have a disability covered under the Rehabilitation Act of 1973 as amended.
Set aside about two (2) hours to take the USA Hire Assessments; however, most applicants complete the assessments in less time. If you need to stop the assessments and continue later, you can re-use your unique assessment link.
Your responses to the USA Hire Assessments will be reused for one year (in most cases) from the date you complete an assessment. If future applications you submit require completion of the same assessments, your responses will be automatically reused.
To update your application, including supporting documentation: During the announcement open period, return to your USAJOBS account, find your application record, and click Edit my application. This option will no longer be available once the announcement has closed.
To view the announcement status or your application status: Visit https://www.usajobs.gov/Help/howto/application/status/. Your application status page is where you can view your application status, USA Hire assessment completion status, and review your notifications sent by the hiring agency regarding your application.
If you are unable to apply online, you must request an alternative application which is available from the Human Resources Office. Please contact Ryan Stanger at ryan.stanger@fhfa.gov or 771-233-7320 to obtain an alternative application.
FEDERAL HOUSING FINANCE AGENCY
400 7th Street, SW
Washington, DC 20219
US
Next steps
After all application packages have been received, we will review your materials to ensure you meet the qualification requirements for the position. We will evaluate each applicant who meets the qualifications on the information provided in their resume and the completed USA Hire Assessment. Applicants deemed best qualified may be contacted for an interview. We anticipate making a final job offer for this position within 45 days after the application deadline. All candidates will be notified of the final disposition.
***There is currently one vacancy available for this announcement. However, should additional vacancies become available within three months from the closing date of this announcement, eligible applicants for this position may be referred for consideration for the additional position(s)***
FHFA may select from this announcement or any other source to fill one or more vacancies. Applying to this announcement certifies that you give permission for FHFA to share your application with others in FHFA for similar positions. This announcement may be used to fill like positions in other organizations within the Federal Housing Finance Agency. FHFA benefits remain the same.
The Federal hiring process is set up to be fair and transparent. Please read the following guidance.
FHFA's application process has been specifically developed to ensure that we only ask you for the information we absolutely need to evaluate your qualifications and eligibility. All applicants are required to submit the following supportive documents:
1. Your Resume: Whether you have written a federal resume before or not, you may want to check out the new USAJOBS Help Center link (USAJOBS Help Center - How do I write a resume for a federal job?), as it details what you should, and should not, include in your resume. Below you will find some of the required information that you should include in your federal resume:
Contact Information: Your name and the best way to contact you.
Relevant work experience: Job experience should include employer name, job title, start and end dates (month/year), the number of hours worked per week and descriptions that explain how you meet the required qualifications in the job announcement.
Education, certifications or licensures: If the job announcement requires any education, certifications or licensures, make sure you include the required information on the resume.
Other important information regarding your resume:
As a part of the Executive Order 14170 titled, "Reforming the Federal Hiring Process and Restoring Merit to Government Service", all applicant resumes must be 2 pages or less. The long-form Federal resume style is now prohibited under this Executive Order. To be compliant with this guidance, please limit your resume to 2 pages. If more than 2 pages are submitted, only the first 2 pages will be reviewed to determine your eligibility/qualifications.
Due to the new 2-page resume limitation, finalists for this position may be asked to provide additional previous employment information for pay setting purposes.
2. It is strongly recommended that status candidates submit and SF-50 showing highest grade held on a permanent basis in the competitive service.
3. Other supporting documents:
Cover Letter, optional
College Transcript(s), if qualifying based on education or if there is a basic requirement that involves education
If you are relying on your education to meet qualification requirements:
Failure to provide all of the required information as stated in this vacancy announcement may result in an ineligible rating or may affect the overall rating.
Please read the entire announcement and all the instructions before you begin an application. To apply and be considered for this position, you must complete all required questionnaires, assessments and submit all required documentation as specified in the How to Apply and Required Documents section. The complete application package must be submitted by 11:59 PM (ET) on the closing date of the announcement to receive consideration. The application process is as follows:
Click the Apply Online button.
Answer the questions presented in the application and attach all necessary supporting documentation.
Click the Submit Application button prior to 11:59 PM (ET) on the announcement closing date.
If you are required to complete any USA Hire Assessments, you will be notified after submitting your application. The notification will be provided in your application submission screen and via email. The notification will include your unique assessment access link to the USA Hire system and the completion deadline. Additionally, in USAJOBS you can click "Track this application" to return to your assessment completion notice.
Access USA Hire using your unique assessment link. Access is granted through your USAJOBS login credentials.
Review all instructions prior to beginning your assessments. You will have the opportunity to request a testing accommodation before beginning the assessments should you have a disability covered under the Rehabilitation Act of 1973 as amended.
Set aside about two (2) hours to take the USA Hire Assessments; however, most applicants complete the assessments in less time. If you need to stop the assessments and continue later, you can re-use your unique assessment link.
Your responses to the USA Hire Assessments will be reused for one year (in most cases) from the date you complete an assessment. If future applications you submit require completion of the same assessments, your responses will be automatically reused.
To update your application, including supporting documentation: During the announcement open period, return to your USAJOBS account, find your application record, and click Edit my application. This option will no longer be available once the announcement has closed.
To view the announcement status or your application status: Visit https://www.usajobs.gov/Help/howto/application/status/. Your application status page is where you can view your application status, USA Hire assessment completion status, and review your notifications sent by the hiring agency regarding your application.
If you are unable to apply online, you must request an alternative application which is available from the Human Resources Office. Please contact Ryan Stanger at ryan.stanger@fhfa.gov or 771-233-7320 to obtain an alternative application.
FEDERAL HOUSING FINANCE AGENCY
400 7th Street, SW
Washington, DC 20219
US
Next steps
After all application packages have been received, we will review your materials to ensure you meet the qualification requirements for the position. We will evaluate each applicant who meets the qualifications on the information provided in their resume and the completed USA Hire Assessment. Applicants deemed best qualified may be contacted for an interview. We anticipate making a final job offer for this position within 45 days after the application deadline. All candidates will be notified of the final disposition.
***There is currently one vacancy available for this announcement. However, should additional vacancies become available within three months from the closing date of this announcement, eligible applicants for this position may be referred for consideration for the additional position(s)***
FHFA may select from this announcement or any other source to fill one or more vacancies. Applying to this announcement certifies that you give permission for FHFA to share your application with others in FHFA for similar positions. This announcement may be used to fill like positions in other organizations within the Federal Housing Finance Agency. FHFA benefits remain the same.
Fair and transparent
The Federal hiring process is set up to be fair and transparent. Please read the following guidance.
