The incumbent will serve as an Examiner or Senior Examiner (Model Risk) in the Division of Enterprise Regulation, with responsibility for planning, organizing, and completing model risk examinations of Freddie Mac. In this position, you will ensure the Freddie Mac model risk management practices are commensurate with regulatory guidance and industry standards.

Duties

Office of Freddie Mac Examinations The Office of Freddie Mac Examinations ("Examination Team") are responsible for planning and executing examinations of Freddie Mac. Examination activities include ongoing monitoring and targeted examinations and may be carried out in coordination with subject matter experts from other DER Offices. Each Examination Team prepares an Enterprise examination plan for the calendar year and a mid-year update, as well as a semi-annual risk assessment. Major Duties and Responsibilities The Examiner/Senior Examiner (Model Risk) duties listed below are at the full performance level of the position (EL-14). The selectee will perform the following duties with varying levels of supervision and difficulty. The incumbent assists in the development of examination strategies and work plans and in determining the scope of examination activities, and develops new or adapted work methods and procedures as needed. Follows supervisory guidance such as the examination manual, advisory bulletins, examination guidelines and policy statements to ensure that the development of examination scope and reports are completed according to prescribed FHFA regulatory and supervisory policy and program guidelines and standards. Communicates examination findings and their bases to senior management to elicit management's views. During the course of the examination, the Senior Examiner facilitates the flow of information and ensures an accurate understanding of the key risks, processes and controls, and the factual basis for examination findings. Documents examination findings through a combination of GSE source documents, report comments and other examination workpapers that address both management practices and condition. Workpapers are completed in accordance with FHFA's workpaper standards, as provided in the examination. Keeps abreast of significant issues or events and emerging risks that may impact the continued safe and sound operations of the GSEs. Provides first-hand experience concerning industry problems and the adequacy of current examination techniques in dealing with them. Analyzes banking, financial, housing, operational, and mortgage market developments affecting the entities. Provides written analysis and recommendations for supervisory issues requiring FHFA approval or attention. Maintains an expert knowledge of issues, trends, and advances in risk management and risk-based examinations of large, complex financial institutions. Provides FHFA management with expert advice on advances in examination management of practices and risk-based examination procedures, and makes recommendations for the enhancement of the examination program. Performs other duties as assigned.

Requirements

• Must be a U.S. Citizen or National
• 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)
• 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.
• 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.

Qualifications

In order to qualify for the Examiner/Sr. Examiner (Model Risk) position, you must meet one of the two basic entry requirements. In addition, to meeting those requirements, you must meet the minimum qualifications for the grade level to which you are applying. Your resume must clearly describe your relevant experience. This position has a positive education requirement, your transcripts (official or unofficial) will be required as part of your application if you choose option "A" to satisfy the basic requirement. Basic Requirement for Examiners (0570): 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. For Bank Examiner positions with the Federal Deposit Insurance Corporation (FDIC), this education must have included at least 24 semester hours in business administration, accounting, finance, marketing, economics, mathematics, or statistics with at least 6 semester hours in accounting. -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. In addition to meeting the basic entry requirement for the Examiner/Sr. Examiner (Model Risk), applicants MUST demonstrate in their resume the ability to perform the specialized experience statements described below. Minimum Qualification Requirement for the EL/GS-12 level: To qualify for the EL/GS-12 grade level, you must demonstrate that you have at least 52 weeks of specialized experience equivalent to the EL/GS-11 level in the Federal service or private sector. Examples of specialized experience includes the following: Demonstrated work experience in developing, validating, implementing or auditing econometric or statistical forecast credit, market models; Demonstrated work experience in preforming or assisting with research and analysis regarding the model risk management; Staying abreast of relevant issues, trends, theories and industry best practices in the model risk area; Demonstrated work experience in participating in independent tests and quantitative analyses to help evaluate model risk and identify potential model-related deficiencies of the GSEs or large financial service institutions; AND Demonstrated written and verbal communication skills, with the ability to effectively communicate model risk examination findings. Minimum Qualification Requirement for the EL/GS-13 level: To qualify for the EL/GS-13 grade level, you must demonstrate that you have at least 52 weeks of specialized experience equivalent to the EL/GS-12 level in the Federal service or private sector. Examples of specialized experience includes the following: Demonstrated work experience in developing, validating, implementing or auditing econometric or statistical forecast credit or market risk models within large financial services intuitions; Demonstrated work experience in assessing the model performance and evaluating the impact of model risk on financial institutions' risk profiles and decision-making processes; Demonstrated work experience in validating and monitoring model performance including testing, benchmarking, sensitivity analysis, and stress testing, to assess model robustness and effectiveness; AND Demonstrated written and verbal communication skills, with the ability to effectively communicate model risk examination findings and recommendations to senior management and stakeholders. Minimum Qualification Requirement for the EL/GS-14 level: To qualify for the EL/GS-14 grade level, you must demonstrate that you have at least 52 weeks of specialized experience equivalent to the EL/GS-13 level in the Federal service or private sector. Examples of specialized experience includes the following: Demonstrated work experience in conducting comprehensive model risk management or oversight including evaluating model risk management principles including model governance and control frameworks, model lifecycle processes, and model validation methodologies; Extensive experience with advanced modeling techniques, statistical analysis, and quantitative methods used in credit or market risk models and risk assessment; Strong understanding of regulatory requirements and guidelines related to model risk management; Excellent written and verbal communication skills, with the ability to effectively communicate complex model risk examination findings and recommendations to senior management and stakeholders; AND Proactive approach to professional development, staying abreast of evolving model risk management practices, industry trends, and regulatory changes. Audit or safety and soundness experience strongly desired. Commissioned examiners strongly encouraged to apply. 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

Contacts

• Address FEDERAL HOUSING FINANCE AGENCY 400 7th Street, SW Washington, DC 20219 US
• Name: Devin Hinkle
• Phone: (202) 649-3777
• Email: [email protected]