The incumbent serves as an Examiner/Sr. Examiner (Credit Risk) with responsibility for planning, organizing and completing examinations of the regulated entities in areas such as accounting, auditing, interest rate risk, market risk, credit risk, operational risk, model risk, derivatives, information technology, risk assessment and governance of financial institution.

Duties

Office of Freddie Mac Examinations The Office of Freddie Mac Examinations 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. The Examination Team prepares an Enterprise examination plan for the calendar year and a mid-year update, as well as a semi-annual risk assessment. The Examination Team are responsible for developing findings and conclusions based on targeted examinations and ongoing monitoring. The Examination Team documents findings and conclusions and prepare written communications to the Enterprises. When findings of the Examination Teams warrant remediation by the Enterprises, the Examination Team monitor the Enterprises' corrective actions. The Examination Team prepares an annual Report of Examination that includes a summary of examination conclusions, findings, and observations and CAMELSO ratings assigned by the Examiner-in-Charge pursuant to FHFA policy. The Examiner-in -Charge prepares a Reports of Examination each calendar year and provides the report to the Enterprise in the first quarter of the following year, after DER Deputy Director Approval. Major Duties and Responsibilities The Examiner/Sr. Examiner (Credit Risk) duties listed below are at the EL-14 level. Depending on the grade level selected, the incumbent 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

• Status Candidates (Merit Promotion and VEOA Eligibles) and those eligible for other hiring authorities.
• Males born after 12-31-59 must be registered for Selective Service
• Resume and supporting documents (See How To Apply)
• 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.
• Status candidates must meet time-in-grade requirements (52 weeks at the next lower grade level).
• 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.
• This position may be required to complete a financial disclosure report.
• 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.
• 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.
• 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

You may qualify for your desired series and grade level if you meet the following qualification requirements: BASIC REQUIREMENTS: 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. -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 above basic education or experience requirements, applicants must also meet the following minimum qualifications for their desired grade level: MINIMUM QUALIFICATIONS: Applicants must have 52 weeks (one-year) of specialized experience equivalent to the next lower grade level as described below. EL-12 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 the statements described below. Examples of specialized experience include: 1. Demonstrated work experience participating in financial institution supervision and examination processes, including the execution, and reporting phases of the examination cycle. 2.Experience reviewing and assessing policies, procedures, and practices of financial institutions related to credit, market or model risk management for regulated entities. 3. Demonstrated experience contributing to written reports including evaluative commentaries appropriate to the aspect(s) of credit, market or model risk management. Credit risk experience in financial services, commercial banking institution, mortgage lending strongly desired. Commissioned examiners strongly encouraged to apply. EL-13 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: 1. Experience conducting financial institution examinations or audits to evaluate the effectiveness of credit, market or model risk management to assess compliance with applicable laws, rules, regulations, regulatory guidance, or industry standards. AND 2. Experience preparing written examinations or audit reports and presenting the reports to the Division's senior management and the regulated entity's management. 3. Demonstrated experience analyzing financial activities of regulated entities to identify credit risks in financial institutions, present findings and provide recommendations for enhancements related to credit risk, model risk or other financial institution risks. 4. Demonstrated work experience in assessing and validating complex financial models used in credit risk assessments or other critical areas within large financial services institutions. Credit risk experience in commercial real estate, consumer, mid and large corporate lending experience strongly desired. Commissioned examiners strongly encouraged to apply. EL-14 Experience: I qualify for the EL/GS-14 because I have at least 52 weeks of specialized experience at the EL/GS-13 or equivalent demonstrating work experience with one or more of the statements described below. Examples of specialized experience include: 1. Experience conducting and leading financial institution examinations or audits to evaluate the effectiveness of credit, market or model risk management to assess compliance with applicable laws, rules, regulations, regulatory guidance, or industry standards. AND 2. Experience preparing written financial institution examinations or audit reports, presenting the report to senior officials and the regulated entity's management. 3. Demonstrated experience performing analysis of financial activities of regulated entities to identify credit or market risks in financial institutions, present findings and develops recommendations related to credit risk, market risk or other financial institution risks. 4.Demonstrated work experience with regulatory requirement and guidelines related to credit risk management. Credit risk experience in commercial real estate, consumer, mid and large corporate lending experience strongly desired. Commissioned examiners strongly encouraged to apply. 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-12 position, applicants must have served 52 weeks as an EL/GS-11 or higher in the Federal Service. To be eligible for the EL-13 position, applicants must have served 52 weeks as an EL/GS-12 or higher in the Federal Service. To be eligible for the EL-14 position, applicants must have served 52 weeks as an EL/GS-13 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.

Contacts

• Address
• Name: Devin Hinkle
• Phone: (202) 649-3777
• Email: [email protected]