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Examinations Group
The Examinations Group is responsible for conducting the annual on-site examination and ongoing supervision of the FHLBanks and the Office of Finance. On-site examinations review the FHLBank's capital, asset quality, management, earnings, liquidity, sensitivity to market risk, operational risk (CAMELSO), and Affordable Housing Program, and the Office of Finance's management and operational risk. FHFA work programs establish examination guidance and expectations to be followed when executing examinations. The Examinations Group also conducts ongoing supervision of the FHLBanks and the Office of Finance throughout the year by conducting on-site visits, holding regularly scheduled conference calls, and engaging in ad-hoc electronic communication.
The incumbent, working with team members and/or a Supervisory Examiner:
Conducts the development of work plans in determining the scope of examination activities.
Assesses the components of the CAMELSO rating system.
Serves as a member of an examination team to assess emerging or embedded risks.
Conducts analysis contributing to the conclusion about the FHLBanks and the Office of Finance's financial condition and overall safety and soundness, and degree of compliance with statutory and regulatory requirements.
Conducts due diligence to identify credit risk within the FHLBanks.
Major Duties and Responsibilities
Conducts an evaluation to determine the level and trend of overall credit risk. Assesses credit risk posed by the FHLBank's advances to member institutions, whole loan investments, security investments, and money market investments. Assesses credit concentrations and associated risks.
Conducts an evaluation of the adequacy of FHLBank's credit risk models. This may include models for rating counterparties, valuing whole loan and securities collateral used to secure member advances, and determining credit enhancements for whole loan purchases.
Assesses the FHLBank's credit administration practices and policies.
Assesses the credit risk oversight functions provided by the FHLBank board of directors and senior management, including any designated "risk" committee, and senior management credit risk committee.
Assesses the independent Chief Risk Officer function, including the measurement of risk and independent assessment of the risk management function.
Assesses the adequacy of policies for establishing authorizations and responsibilities, risk strategies, and risk limits. Assesses the adequacy of procedures for promulgating controls over the credit risk management process.
Assesses the Internal Audit coverage of credit risk management processes.
Additional Duties Include
Completes examination work plans to determine the scope of examination activities and develops new or adapted work methods and procedures as needed.
Conducts examinations and reviews in one or more component areas.
Conducts the coordination of examination resources and activities in his/her assigned areas.
Completes written reports regarding the complexity of the operations under examination.
Completes examination findings through a combination of source documents, report comments, and other examination work papers that address management practices. Communicates examination findings and their bases to senior management to elicit management's views.
Follows supervisory guidance such as the examination manual, advisory bulletins, examination guidelines, and policy statements to ensure development of work products is completed according to prescribed FHFA regulatory and supervisory policy and program guidelines and standards.
Official account of Jobstore.
Examinations Group
The Examinations Group is responsible for conducting the annual on-site examination and ongoing supervision of the FHLBanks and the Office of Finance. On-site examinations review the FHLBank's capital, asset quality, management, earnings, liquidity, sensitivity to market risk, operational risk (CAMELSO), and Affordable Housing Program, and the Office of Finance's management and operational risk. FHFA work programs establish examination guidance and expectations to be followed when executing examinations. The Examinations Group also conducts ongoing supervision of the FHLBanks and the Office of Finance throughout the year by conducting on-site visits, holding regularly scheduled conference calls, and engaging in ad-hoc electronic communication.
The incumbent, working with team members and/or a Supervisory Examiner:
Conducts the development of work plans in determining the scope of examination activities.
Assesses the components of the CAMELSO rating system.
Serves as a member of an examination team to assess emerging or embedded risks.
Conducts analysis contributing to the conclusion about the FHLBanks and the Office of Finance's financial condition and overall safety and soundness, and degree of compliance with statutory and regulatory requirements.
Conducts due diligence to identify credit risk within the FHLBanks.
Major Duties and Responsibilities
Conducts an evaluation to determine the level and trend of overall credit risk. Assesses credit risk posed by the FHLBank's advances to member institutions, whole loan investments, security investments, and money market investments. Assesses credit concentrations and associated risks.
Conducts an evaluation of the adequacy of FHLBank's credit risk models. This may include models for rating counterparties, valuing whole loan and securities collateral used to secure member advances, and determining credit enhancements for whole loan purchases.
Assesses the FHLBank's credit administration practices and policies.
Assesses the credit risk oversight functions provided by the FHLBank board of directors and senior management, including any designated "risk" committee, and senior management credit risk committee.
Assesses the independent Chief Risk Officer function, including the measurement of risk and independent assessment of the risk management function.
Assesses the adequacy of policies for establishing authorizations and responsibilities, risk strategies, and risk limits. Assesses the adequacy of procedures for promulgating controls over the credit risk management process.
Assesses the Internal Audit coverage of credit risk management processes.
Additional Duties Include
Completes examination work plans to determine the scope of examination activities and develops new or adapted work methods and procedures as needed.
Conducts examinations and reviews in one or more component areas.
Conducts the coordination of examination resources and activities in his/her assigned areas.
Completes written reports regarding the complexity of the operations under examination.
Completes examination findings through a combination of source documents, report comments, and other examination work papers that address management practices. Communicates examination findings and their bases to senior management to elicit management's views.
Follows supervisory guidance such as the examination manual, advisory bulletins, examination guidelines, and policy statements to ensure development of work products is completed according to prescribed FHFA regulatory and supervisory policy and program guidelines and standards.
Official account of Jobstore.
The Office of Multifamily Analytics and Policy
The mission of the Office of Multifamily Analytics and Policy (OMAP) is to ensure sound and prudent oversight over the multifamily housing activities funded by Fannie Mae and Freddie Mac (the Enterprises). OMAP is dedicated to minimizing risk associated with the Enterprises' multifamily loan purchases through the oversight and monitoring of all multifamily policies, programs, products, and procedures. The mission of OMAP is to ensure the Enterprises appropriately balance credit discipline and their chartered mission to serve underserved markets and promote rental housing affordability.
Financial Risk Analytics Branch
The Financial Risk Analytics Branch performs economic analysis in support of the development of multifamily housing policy; researches and reports on emerging issues in multifamily housing finance; develops models and simulations to evaluate the Enterprises' multifamily mortgage portfolios; performs business segment analyses to understand emerging risks in the Enterprises' business; analyzes loan-level multifamily mortgage databases and related analytic in support of various multifamily risk analytic tasks; develops multifamily performance and business reporting tools; and responds to ad-hoc information requests related to multifamily mortgage credit.
Major Duties and Responsibilities
The incumbent will perform the following duties to support OMAP's financial risk analytics branch:
The selectee will serve as a financial analyst assisting with all stages of data collection, preparation, and credit risk modeling and simulation. Areas of focus include; credit risk management; multifamily mortgage performance analyses; multifamily mortgage credit and prepayment risk modeling and simulations. To complete these tasks, the financial analyst/senior financial analyst:
Official account of Jobstore.
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Analyzes HR management recruitment and staffing, develops recommendations and alternative solutions for consideration. Prepares and presents reports and briefings on program status to individuals at all levels within the agency.
Establishes and maintains proactive working relationships within OHRM and throughout FHFA. Consults with and supports subject matter experts to improve human capital planning, services and other activities as a basis for establishing objectives, insuring increased effectiveness and efficiency.
Conducts or participates in conferences/meetings to provide or receive information duties and responsibilities and maintain subject matter expertise.
Reviews job analyses for adequacy, currency, and accuracy. Ensures minimum qualifications conform with OPM and FHFA standards. Works with subject matter experts to review and update Specialized Experience Statements as necessary, and to ensure competencies are identified and applicable to the job description. Develops or provides input to draft job analysis for review and finalization.
Advises supervisors and employees on career ladder promotions, details, reassignments, rewards and recognition program, and other staffing related actions. Ensures hiring and staffing actions are documented appropriately to ensure timely and accurate processing.
Provides management officials with full-cycle recruitment services. Encourages flexible and innovative strategies based upon approved hiring plans and ongoing recruitment and hiring needs to carry out the full range of recruitment actions, e.g., Merit Promotion Staffing, Delegated Examining, Schedule A, and direct hire actions.
Uses an automated system to develop job vacancy announcements, reviews applications for minimum qualification requirements, adjudicates veteran preference, develops Certificates of Eligibles, and develops recruitment files including all required documents including justifications for selection or non-selection.
Consults with managers on developing effective vacancy announcements and supports innovative assessment and recruitment strategies. Provide advisory services on interviewing and selection strategies and supports managers in developing and finalizing selection materials.
Extends offers to candidates and supports selectees with paperwork, security, and other onboarding needs. Responds to inquiries from applicants about benefits, technology, salary, and other conditions of employment.
Prepares for and attends recruitment events as needed. Preparation may include registering for event, gathering materials, coordinating subject matter expert attendance, and posting Agency and/or position information. Interacts with potential candidates, conveying Agency information and directing candidates on how to apply to FHFA positions.
As appropriate, supports colleagues and managers with position management, employee development, and performance management issues. Consults with subject matter experts within OHRM and directs employee and applicant questions as appropriate.
Supports special projects and initiatives to improve and streamline the agency's hiring and onboarding processes. Consults with managers and reviews developments and best practices in both the federal and private sector and plans and supports projects to enhance the agency's HR offerings.
Official account of Jobstore.
EXECUTIVE ROLES AND RESPONSIBILITIES:
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The position is in the Office of Investigations.
As an Attorney-Advisor (General), you will:
- Where appointed, serve as a Special Assistant United States Attorney, conduct grand jury investigations, present indictments, negotiate plea agreements, prepare memoranda of law, engage in motion practice, and prepare for and represent the United States in pre-trial hearings and criminal trials on matters within the jurisdiction of FHFA-OIG,
- Recommend policy and develop the procedures implementing that policy.
- Possess the expertise and capacity to conduct and document complex intensive white collar crime investigations and prosecutions. Possess skill in using available information and evidence to recognize, explore, and develop leads and facts. Have skill in conducting interviews as well as an ability to communicate effectively, both orally and in writing.
- At this level, the employee is assigned complex and difficult legal questions and factual issues confronting the FHFA-OIG Office of Investigations and United States Attorneys' Offices. The employee is involved in interpreting and applying statutes, regulations, orders, and case law. Complex factual or legal issues require extensive research, analysis, and evaluation of evidence, to include witness interviews and information and evidence contained in financial and transactional records, e-mail, and other documents.
Official account of Jobstore.
The position is in the Office of Audits.
The following are the duties of this position at the EL-13. (Equivalent to the GS-13) However, the position that you are applying to is at a lower grade. If you are selected at a lower grade level, you will have the opportunity to learn to perform all these duties and will receive training to help you grow in this position.
- Assist in developing overall work plans, strategies, and objectives. Plan, direct, and execute audits related to the programs and operations of FHFA.
- Conduct audits, including determining what information should be reviewed, and when and how to obtain information; develop and/or modify methods to ensure thorough and accurate data is collected; review documentation, interviews, observations, sampling data, and case files; and setting up test programs to validate computer systems and other data.
- Develop audit reports explaining program differences from criteria and recommend improvements to program operations when necessary; and create special reports as audits progress, covering program deficiencies where immediate corrective action is required.
- Review and finalize audit documentation and reports which are timely, well-written, complete, and supportive of the findings.
Official account of Jobstore.
The position is in the Office of Audits.
The following are the duties of this position at the EL-13. (Equivalent to the GS-13) However, the position that you are applying to is at a lower grade. You will have the opportunity to learn to perform all these duties and will receive training to help you grow in this position.
- Assist in developing overall work plans, strategies, and objectives. Plan, direct, and execute audits related to the programs and operations of FHFA.
- Conduct audits, including determining what information should be reviewed, and when and how to obtain information; developing and/or modifying methods to ensure thorough and accurate data is collected; reviewing documentation, interviews, observations, sampling data, and case files; and setting up test programs to validate computer systems and other data.
- Develop audit reports explaining program differences from criteria and recommending improvements to program operations when necessary; and creating special reports as audits progress, covering program deficiencies where immediate corrective action is required.
- Review and finalize audit documentation and reports which are timely, well-written, complete, and supportive of the findings.
Official account of Jobstore.
The Division of Conservatorship Oversight and Readiness, Office of Financial Technology
The Division of Conservatorship Oversight and Readiness (DCOR) is responsible for leading and coordinating activities of the Conservatorship of the Enterprises (Fannie Mae and Freddie Mac). The Office of Financial Technology (OFT) is an office in DCOR that is responsible for leading FHFA's efforts to understand and analyze technology-driven developments in the housing finance sector. OFT is a centralized office and serves as a resource for the Agency on mortgage-related innovations, general trends, and emerging risks in the use of financial technology.
Major Duties and Responsibilities:
The Financial Technology and Innovation Specialist duties listed below are at the full performance level of the position (EL-13). Depending on the grade level selected, the incumbent will perform the following duties with varying levels of supervision and difficulty:
Official account of Jobstore.
The Division of Conservatorship Oversight and Readiness, Office of Financial Technology
The Division of Conservatorship Oversight and Readiness (DCOR) is responsible for leading and coordinating activities of the Conservatorship of the Enterprises (Fannie Mae and Freddie Mac). The Office of Financial Technology (OFT) is an office in DCOR that is responsible for leading FHFA's efforts to understand and analyze technology-driven developments in the housing finance sector. OFT is a centralized office and serves as a resource for the Agency on mortgage-related innovations, general trends, and emerging risks in the use of financial technology.
Major Duties and Responsibilities:
The Financial Technology and Innovation Specialist duties listed below are at the full performance level of the position (EL-13). Depending on the grade level selected, the incumbent will perform the following duties with varying levels of supervision and difficulty:
Official account of Jobstore.
The position is in the Office of Investigations. The following are the duties of this position at the EL-13 (equivalent to the GS-13). However, the position that you are applying to is at a lower grade. You will have the opportunity to learn to perform all these duties and will receive training to help you grow in this position.
Official account of Jobstore.
Office of Capital Policy (OCAP)
The Office of Capital Policy is responsible for developing regulatory capital policy for Fannie Mae and Freddie Mac, providing oversight of regulatory capital processes such as Dodd-Frank Act Stress Tests (DFAST), providing oversight of capital and liquidity standards for the Enterprises' primary mortgage insurer and seller/servicer counterparties, developing and maintaining mortgage credit models, and monitoring the business activity, financial performance, and risk exposure of the Enterprises to support regulatory capital policy. The Office of Capital Policy also provides quantitative analytical support for FHFA decisions on housing finance policy and assessments of the safety and soundness of the regulated entities.
Enterprise Supervisory Stress Testing Branch (ESSTB)
The incumbent selected will work in the Office of Capital Policy's Enterprise Supervisory Stress Testing Branch. This branch strives to ensure that the Enterprises are well-capitalized through a significant stress event to the housing sector so that the Enterprises can serve as a reliable source of liquidity and funding for the housing finance market across the economic cycle, including engaging in their mission-related activities. This branch develops, coordinates, and manages the construction and implementation of a supervisory stress test in support of FHFA's Enterprise Regulatory Capital Framework.
Major Duties and Responsibilities
The Senior Financial Analyst duties listed below are at the full performance level of the position (EL-14). Depending on the grade level selected, the incumbent will perform the following duties to support OCAP's supervisory stress testing program with varying levels of supervision and difficulty:
Official account of Jobstore.
Oversees the management of assigned organizational unit and/or program area, directing and coordinating the implementation of programs and policies for assigned functional area. Analyzes the implications and impact of current and proposed policies, programs, and practices, with broad discretion to approve courses of action and resolve concerns of major significance.
Recruits, leads, motivates, and develops a staff of employees. Evaluates performance in accordance with FHFA guidelines; makes personnel decisions regarding hiring, promotions, adverse actions, etc; provides training and development opportunities. Provides assignments and training in an equitable manner to all employees taking into consideration the needs of FHFA and career development goals of individuals. Promotes a harassment free work environment consistent with EEO and affirmative employment principles.
Establishes objectives and goals in support of the agency/organization's mission and strategic/operating plans. Develops short and long term plans and establishes priorities for the organization. Plans and manages resources with accountability for achievement of organizational goals and objectives and for overall agency results.
AND/OR
Serves as a senior advisor to the Director, providing advice as a technical authority on complex, mission critical areas where topics have little or no precedent and broad implication.
Performs other special assignments of a responsible, urgent, and often sensitive nature.
Functional Roles and Responsibilities Specific to This Executive Position:
Directs and manages all matters related to the diversity in management, employment, and business activities. Reports to the Director of the agency.
Serves as the agency official with overall responsibility and accountability for ensuring the agency's implementation of policies, programs, and procedures to promote diversity and increase or sustain workforce diversity levels consistent with the demographics of the United States.
Directs the development and implementation of standards and procedures to ensure, to the maximum extent possible, the fair inclusion and utilization of minorities, women, and minority-owned and women-owned businesses in all business and activities of the agency at all levels, including in procurement and all types of contracts.
Implements a Diversity and Inclusion (D&I) Examination Program across all the regulated entities. Oversees and manages OMWI as it monitors and assesses the D&I programs of each regulated entity and the Office of Finance (OF), and their compliance with regulations through annual on-site examinations, periodic visitations, and ongoing off-site monitoring and analysis.
Provides senior executive oversight of all D&I-related supervisory and regulatory activity pertaining to all the regulated entities and the OF. Leads OMWI's activities in support of the development and execution of examination planning efforts through D&I strategy development and alignment of D&I work plans with FHFA D&I priorities.
Oversees the development and implementation of plans and initiatives designed to attract a diverse workforce and promote financial literacy. Establish relationships with inter-city, urban and minority groups, such as Historically Black Colleges and Universities (HBCUs), the Hispanic Association of Colleges and Universities (HACUs), and woman's rights organizations, to increase applicant diversity and develop additional opportunities for employment.
Directs the creation and submission of the annual report to Congress regarding the actions taken by the agency regarding all activities and successes related to woman and minority inclusion in the workforce and business activities.
Provides policy advice and guidance to regulated entities and the Office of Finance on the inclusion of women and minorities in their business activities. Monitors and tracks the regulated entities and the Office of Finance's compliance with the annual reporting requirements related to women and minority inclusion.
Carries out high-level assignments usually outlined only in extremely broad terms or in the form of problems having significant impact on the agency. Performs other special and confidential assignments of a responsible and urgent nature.
Official account of Jobstore.
Executive Roles and Responsibilities
Oversees the management of assigned organizational unit and/or program area, directing and coordinating the implementation of programs and policies for assigned functional area. Analyzes the implications and impact of current and proposed policies, programs, and practices, with broad discretion to approve courses of action and resolve concerns of major significance.
Recruits, leads, motivates, and develops a staff of employees. Evaluates performance in accordance with FHFA guidelines; makes personnel decisions regarding hiring, promotions, adverse actions, etc; provides training and development opportunities. Provides assignments and training in an equitable manner to all employees taking into consideration the needs of FHFA and career development goals of individuals. Promotes a harassment free work environment consistent with EEO and affirmative employment principles.
Establishes objectives and goals in support of the agency/organization's mission and strategic/operating plans. Develops short and long term plans and establishes priorities for the organization. Plans and manages resources with accountability for achievement of organizational goals and objectives and for overall agency results.
AND/OR
Serves as a senior advisor to the Director, providing advice as a technical authority on complex, mission critical areas where topics have little or no precedent and broad implication.
Performs other special assignments of a responsible, urgent, and often sensitive nature.
Functional Roles and Responsibilities Specific to This Executive Position:
Directs and manages all matters related to the diversity in management, employment, and business activities. Reports to the Director of the agency.
Serves as the agency official with overall responsibility and accountability for ensuring the agency's implementation of policies, programs, and procedures to promote diversity and increase or sustain workforce diversity levels consistent with the demographics of the United States.
Directs the development and implementation of standards and procedures to ensure, to the maximum extent possible, the fair inclusion and utilization of minorities, women, and minority-owned and women-owned businesses in all business and activities of the agency at all levels, including in procurement and all types of contracts.
Implements a Diversity and Inclusion (D&I) Examination Program across all the regulated entities. Oversees and manages OMWI as it monitors and assesses the D&I programs of each regulated entity and the Office of Finance (OF), and their compliance with regulations through annual on-site examinations, periodic visitations, and ongoing off-site monitoring and analysis.
Provides senior executive oversight of all D&I-related supervisory and regulatory activity pertaining to all the regulated entities and the OF. Leads OMWI's activities in support of the development and execution of examination planning efforts through D&I strategy development and alignment of D&I work plans with FHFA D&I priorities.
Oversees the development and implementation of plans and initiatives designed to attract a diverse workforce and promote financial literacy. Establish relationships with inter-city, urban and minority groups, such as Historically Black Colleges and Universities (HBCUs), the Hispanic Association of Colleges and Universities (HACUs), and woman's rights organizations, to increase applicant diversity and develop additional opportunities for employment.
Directs the creation and submission of the annual report to Congress regarding the actions taken by the agency regarding all activities and successes related to woman and minority inclusion in the workforce and business activities.
Provides policy advice and guidance to regulated entities and the Office of Finance on the inclusion of women and minorities in their business activities. Monitors and tracks the regulated entities and the Office of Finance's compliance with the annual reporting requirements related to women and minority inclusion.
Carries out high-level assignments usually outlined only in extremely broad terms or in the form of problems having significant impact on the agency. Performs other special and confidential assignments of a responsible and urgent nature.
Official account of Jobstore.