Job opening: Counsel/Senior Counsel (Bank Regulation & Supervision)
Salary: $106 298 - 204 696 per year
Published at: Mar 22 2024
Employment Type: Full-time
The employee serves as a Sr. Staff Attorney in the Mission Branch of OGC, leading work projects and assisting in rendering legal services to the Agency in support of carrying out the Agency's mission and goals. This position focuses on legal matters relating to rulemaking, regulatory interpretations, guidance, supervision of the regulated entities, and oversight of their mission responsibilities, including their affordable housing and community investment programs as applicable.
Duties
Bank Regulation & Supervision (BRT)
The incumbent will serve on the Federal Home Loan Bank (FHLBank) Regulation and Supervision Team (BRT). BRT provides legal support primarily for FHFA's Division of FHLBank Regulation (DBR), but also for other Offices and Divisions as necessary, on issues pertaining to the regulation and supervision of the FHLBanks and the FHLBank System Office of Finance (OF)-in particular, on issues relating to safety and soundness, mission, and legal compliance. Matters addressed may include, but are not limited to, eligibility for FHLBank membership, lending and collateral, mortgage purchase programs, capital standards, liquidity, investments, use of derivatives, corporate governance, prudential management and operations standards, examinations and enforcement, data reporting, and capital markets.
Major Duties & Responsibilities
The duties listed below are at the EL-13 level. Depending on the grade level selected, the incumbent will perform the following duties supporting the BRT with varying levels of supervision and difficulty:
General Duties
Provides sophisticated legal analysis, advice and assistance on complex issues facing the Agency.
Develops, drafts, and reviews documents such as legal opinions, regulations and related documents, legislation, contracts and other agreements, correspondence, and other documents of importance to the Agency. Written product is produced at a high level of competence.
Serves in an advisory and liaison capacity to senior officials of the Office of General Counsel and other FHFA divisions to assure that the legal advice and assistance rendered to such officials is appropriate and consistent with FHFA's policies.
Formally and informally communicates Agency legal positions to staff of the regulated entities.
Serves as an expert, providing advice and legal determinations in matters involving the planning, discussion, and coordination of activities related to one or more of the Agency's functions.
May serve as a legal expert or counsel in front of external parties, including other federal financial regulatory agencies, congressional committees, and outside stakeholders, on behalf of the Agency.
Conducts complex legal research to apply statutes, regulations, and other guidance governing federal agencies and financial institutions to one or more of the Agency's functions.
Works independently and takes initiative to identify problems, develop solutions, and make recommendations by applying legal knowledge to Agency functions.
Performs other duties as assigned.
Particular Duties and Responsibilities
Conducts legal research, analysis, and writing, participates in rulemakings, and provides regulatory interpretations and guidance on matters relating to the Agency's and regulated entities' missions, including but not limited to: safety and soundness supervision of the regulated entities; Enterprise conservatorship activities; Enterprise charter act compliance; legislative activities impacting the regulated entities; regulated entities affordable housing goals; Enterprise duty to serve underserved markets; Enterprise credit risk transfer transactions; FHLBank affordable housing and community investment programs; Enterprise resolution planning, and Agency reports on the regulated entities' mission activities.
Drafts regulations, memoranda of law, legal opinions, agreements and other similar written work product on one or more areas of law related to the Agency's mission.
Applies knowledge of relevant statutes, regulations, and precedents to legal issues facing FHFA. Applicable statutes include the Federal Home Loan Bank Act of 1932 (as amended), the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 (as amended), and the Administrative Procedure Act (as amended).
Manages all aspects of assigned legal projects related to relevant Agency mission areas, including the involvement of other legal staff, the relationships with subject matter experts outside of OGC, project planning and tracking, and other relevant duties to ensure complete and prompt legal guidance is provided where necessary.
Supports other legal areas within OGC as workloads and situations warrant.
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)
- 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.
- 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 Washington, DC duty location.
- Active Bar Membership
Qualifications
You may qualify for your desired series and grade level if you meet the following qualification requirements:
BASIC REQUIREMENTS:
All applicants must possess the following:
J.D., L.L.B., or L.L.M degree
AND
Active Bar membership in good standing in any state, territory of the United States, the District of Columbia, or the Commonwealth of Puerto Rico.
In addition to meeting the above basic education and BAR membership requirements, applicants must also meet the following minimum qualifications for their desired grade level:
MINIMUM QUALIFICATIONS:
Minimum Qualification EL-12: 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-12 because I have at least 52 weeks of specialized experience at the EL/GS-11 or equivalent demonstrating work experience with one or more of the statements described below. Examples of specialized experience include:
Conducting legal research and analysis and providing legal advice related to administrative law, housing finance, or regulation of the financial sector.
Drafting and developing complex legal documents.
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 one or more of the statements described below. Examples of specialized experience include:
Conducting legal research and analysis and providing legal advice related to administrative law, housing finance, or regulation of the financial sector.
Drafting regulations or participating in the management of regulatory projects.
**Failure to provide your transcripts or Bar membership will remove you from the hiring process.**
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
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