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Job opening: Financial Analyst (Modeling)

Salary: $74 076 - 117 783 per year
Published at: Feb 28 2024
Employment Type: Full-time
The incumbent serves in the The Market Risk Modeling Branch as a junior Financial Analyst responsible for assisting in maintaining and improving the software models utilized by risk modeling staff.

Duties

Office of Risk Analysis and Modeling The Office of Risk Analysis and Modeling (ORAM) conducts analysis and research to support the Division's assessment of the risks facing the FHLBanks, principally but not limited to, credit risk, market risk, and mortgage programs risk, by planning and conducting credit and market risk modeling examinations at the FHLBanks. ORAM also implements several monitoring programs to assess current and emerging risks and advises DBR's Senior Executives on economic, financial, and regulatory issues. The Market Risk Modeling Branch The Market Risk Modeling Branch (NRMB) provides technical and analytical support to the DBR with respect to economic and financial models, particularly those used to measure, monitor, and control market risk. The Branch is responsible for implementation and maintenance of an Enterprise Risk Management system, a supervisory model which measures market risk exposure of the FHLBanks. The Branch contributes to the Agency's examination function by using skills in the areas of econometrics and finance, drawing upon direct experience building and using financial models. The Branch combines theory with practice to offer insights based on direct real-world experience as well as academic research. MAJOR DUTIES AND RESPONSIBILITIES The Financial Analyst will perform the following duties supporting the Market Risk Modeling Branch: IT infrastructure Assist in the month-end collection of financial market data and in the volatility calibration of term structure models within PolyPaths. Backup for month-end collection of Consolidated Obligations data. Assist in tracking month-end modeling software and data updates. Assist in testing new PolyPaths or prepayment model versions. Quality Assurance Assist in updating modeling procedures manual for Exam Support Risk Analytics. Assist in improving documentation of the Model Bank creation process. Examinations, Oversight, and Administration Assist in tracking and managing Market Risk Modeling software budget requests and procurement. Assist with the analysis of FHLBanks' portfolios during the quarterly examination process for assigned FHL Banks. Assist with and take on full responsibility for assigned risk modeling research projects. Assist with the Model Bank analytical process. Work with the Risk Modeling team members on evaluating results of the FHLBanks' Market Value of Equity change attribution analysis.

Requirements

  • Status Candidates (Merit Promotion and VEOA Eligibles) and those eligible for other hiring authorities.
  • SF 50's are 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)
  • 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) Local 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 grade level if you meet the following qualification requirements: BASIC REQUIREMENTS: Basic Requirement for Financial Analyst (1160): A. Undergraduate and Graduate Education: Major study -- finance, business administration, economics, accounting, insurance, engineering, mathematics, banking and credit, law, real estate operations, statistics, or other fields related to the position, such as agriculture, agricultural economics, farm, livestock or ranch management, or rural sociology.-OR- B. Specialized Experience (for positions above GS-5): Experience such as performing financial analysis and evaluation work requiring a comprehensive knowledge of (1) corporate finance and any specialized fields of finance required such as public finance, securities, international finance, money and securities markets, investments, and banking, and (2) the financial and management structure, operations, and practices of corporate and other organizations. In addition to meeting the above basic education or education and experience requirements, applicants must also meet the following minimum qualifications for their desired grade level: MINIMUM QUALIFICATIONS: Minimum Qualification EL-09: Applicants must have 52 weeks (one-year) of specialized experience equivalent to the next lower grade level and/or directly related education as described below. From the description below, if you choose options "B" or "C" you must provide transcripts with your application. A. Experience: I qualify for the EL/GS-09 because I have at least 52 weeks of specialized experience at the EL/GS-07 or equivalent demonstrating work experience with one or more of the following: (1) economic and financial models, particularly those used to measure, monitor, and control market risk of a financial institution; (2) maintain and use a software infrastructure for risk modeling. -OR- B. Education: Completion of two (2) academic years of graduate-level education, or a master's degree or equivalent graduate degree from an accredited college of university directly related to the work of the position (i.e., economics, finance, quantitative finance, quantitative risk management, econometrics, financial economics, mathematics, statistics, or other closely related fields). -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 more than the amount required for the next lower grade level. One academic year of graduate education is the number of credits hours determined to represent one academic year of full-time study (i.e., 18 semester hours (or 27 quarter hours). **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-09 position, applicants must have served 52 weeks as an EL/GS-07 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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