Job opening: Financial Technology and Innovation Specialist
Salary: $85 944 - 194 949 per year
Published at: Sep 20 2023
Employment Type: Full-time
The incumbent will serve as a Financial Technology and Innovation Specialist within the Office of Financial Technology (OFT), reporting directly to the Supervisory Financial Technology & Innovation Specialist. In this role, the employee leverages their expertise in policy and the mortgage finance industry to advise OFT on financial technology (fintech) and innovation projects.
Duties
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:
The incumbent will serve on a team of staff that perform analyses of emerging technologies and oversees efforts related to the use of fintech and innovation at the Regulated Entities (Fannie Mae, Freddie Mac, and the Federal Home Loan Banks). The incumbent will complete in the Conservator Scorecard objectives related to fintech and innovation, including providing recommended objectives and monitoring of Enterprise performance during the performance cycle. The incumbent will collaborate with external organizations, including domestic and international regulators, focused on the analysis of financial issues related to fintech innovation in the mortgage finance sector. The role will aid in the technological advice and guidance on a wide variety of fintech tools and techniques, and analysis related to these innovations to the Supervisory Financial Technology & Innovation Specialist and other FHFA senior leadership. The incumbent stays current on fintech events and developments in the U.S. mortgage market.
In coordination with applicable FHFA offices and consistent with established delegations of authority and agency protocols, completes inputs for the formulation, development, coordination, and implementation of agency activities regarding mortgage-related fintech and innovation projects.
The Financial Technology and Innovation Specialist will develop and prepare detailed data analysis and executive summaries to be shared with FHFA senior leadership.
Applies analytical and evaluative techniques to complete fintech research and analysis projects that aids in the ongoing evaluation and monitoring of mortgage finance industry, technology trends, fintech policies and innovation projects.
Serves as a thought leader on fintech trends and their applicability to mortgage finance and translates knowledge into actionable insights to the Office of Financial Technology and broadly to FHFA senior leadership and stakeholders.
The Financial Technology and Innovation Specialist completes analysis and recommendations for resolution on fintech issues that affect mortgage financial industry, fintech policies and innovation projects.
Facilitates and coordinates with applicable FHFA offices to support research and develop approaches to regulations that govern the development, adoption, and use of Fintech and innovation by the Regulated Entities.
Completes special reports and studies for the Supervisory Financial Technology & Innovation Specialist and other senior-level leadership as it relates to Fintech and innovation.
Completes assigned project management activities and initiatives of the office, advising Supervisory Financial Technology & Innovation Specialist or other FHFA senior leadership on findings, identifying problems and developing solutions.
Researches the necessary information and completes the briefing materials for the Supervisory Financial Technology & Innovation Specialist or other FHFA senior leadership.
Performs other duties as assigned.
Requirements
- Status Candidates (Merit Promotion and VEOA Eligibles) and those eligible for other hiring authorities.
- ***SF 50's are now required with the exception of current FHFA employees. Please include one showing your tenure and competitive status. You will not be considered without this.
- Males born after 12-31-59 must be registered for Selective Service
- 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).
- Suitable for Federal employment, as determined by background investigation
- 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.
- This is NOT a remote or virtual position; you MUST live within or be willing to relocate within a commutable distance to the Washington, DC duty location.
- Bargaining Unit Status: Eligible
Qualifications
In order to qualify for the Financial Technology and Innovation Specialist position, you must meet the minimum qualifications for the grade level to which you are applying. Note: Your resume must show or demonstrate how you meet the specialized experience requirements below, or you may not receive credit as qualified for this position.
Minimum Qualifications EL/GS-11: Applicants must possess at least one year of specialized experience equivalent to the EL/GS-09 level or have completed graduate-level education directly related to the specific line of work associated with the position being filled; and has equipped the applicant with the knowledge, skills, and abilities to perform the duties of the position successfully. If you are qualifying based on option "B" or "C" you must provide transcripts with your application. Failure to provide transcripts will remove you from consideration.
A. Experience: I have at least 52 weeks of specialized experience at the EL/GS-09 or equivalent demonstrating work experience with most or all of the following: (1) knowledge of new and emerging technologies, such as artificial intelligence/machine learning, robotic process automation, use of alternative data, blockchain and distributed ledger, and digital assets, and how those technologies impact mortgage processes and the Government Sponsored Entities (GSEs); (2) ability to carry out broad and extensive analytical assignments or policy initiatives in support of an agency or organization; (3) skill in applying a wide range of concepts, principles, practices, and procedures in the Fintech and Innovation field to difficult and complex work assignments; AND (4) ability to work in a collaborative, team-oriented environment with high personal accountability and to foster collaboration among staff in different offices and divisions and at different levels in order to fulfill FHFA objectives.
-OR-
B. Education: Completion of three (3) full academic years of progressively higher graduate-level education or a Ph.D. or equivalent doctoral degree.
-OR-
C. Combination of education and experience as described above in options "A" and "B". Note: Less than one year of specialized experience may be combined with graduate education in excess of the amount required for the next lower grade level. Two academic years of graduate education is considered to be the number of credit hours determined to represent two academic years of full-time study (i.e., 36 semester hours (or 54 quarter hours).
Minimum Qualifications EL/GS-12: Applicants must possess at least one year of specialized experience equivalent to the EL/GS-11 level directly related to the specific line of work associated with the position being filled; and has equipped the applicant with the knowledge, skills, and abilities to perform the duties of the position successfully.
Examples of specialized experience include the following:
Knowledge of new and emerging technologies, such as artificial intelligence/machine learning, robotic process automation, use of alternative data, blockchain and distributed ledger, and digital assets, and how those technologies impact mortgage processes and FHFA's regulated entities.
Ability to carry out broad and extensive analytical assignments or policy initiatives in support of FHFA.
Skill in applying a wide range of concepts, principles, practices, and procedures in the Fintech and Innovation field to difficult and complex work assignments.
Ability to work in a collaborative, team-oriented environment with high personal accountability and to foster collaboration among staff in different offices and divisions and at different levels in order to fulfill FHFA objectives.
Ability to communicate and present complex and substantive issues in a clear, convincing, and effective manner both orally and in writing, with a wide range of people inside and outside of FHFA.
Minimum Qualifications EL/GS-13: Applicants must possess at least one year of specialized experience equivalent to the EL/GS-12 level directly related to the specific line of work associated with the position being filled; and has equipped the applicant with the knowledge, skills, and abilities to perform the duties of the position successfully.
Examples of specialized experience include the following:
Comprehensive knowledge of new and emerging technologies, such as artificial intelligence/machine learning, robotic process automation, use of alternative data, blockchain and distributed ledger, and digital assets, and how those technologies impact mortgage processes and FHFA's regulated entities.
Ability to develop and carry out broad and extensive analytical assignments or policy initiatives in support of FHFA.
Skill in applying mastery of a wide range of concepts, principles, practices, and procedures in the Fintech and Innovation field to difficult and complex work assignments.
Ability to work in a collaborative, team-oriented environment with high personal accountability and to foster collaboration among staff in different offices and divisions and at different levels in order to fulfill FHFA objectives.
Ability to communicate and present complex and substantive issues in a clear, convincing, and effective manner both orally and in writing, with a wide range of people inside and outside of FHFA.
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-11 position, applicants must have served 52 weeks as an EL/GS-09 or higher in the Federal Service.
EL-12 position, applicants must have served 52 weeks as an EL/GS-11 or higher in the Federal Service.
EL-13 position, applicants must have served 52 weeks as an EL/GS-12 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
Contacts
- Address FEDERAL HOUSING FINANCE AGENCY
400 7th Street, SW
Washington, DC 20219
US
- Name: Devin Hinkle
- Phone: (202) 649-3777
- Email: [email protected]
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