Job opening: Principal Associate Director
Salary: $258 300 - 329 350 per year
Published at: Dec 19 2024
Employment Type: Full-time
Join us as the Principal Associate Director, reporting to the DER Deputy Director, and lead the Office of Fannie Mae Examinations. You'll manage six specialized branches-Credit Risk, Market Risk, Operational Risk, Governance, Model Risk, and IT-while driving the success of FHFA's mission. As an FHFA Executive, you'll play a key role in leading these teams and ensuring the accomplishment of organizational objectives.
Duties
Description of Organization(s)/Programs Managed and Reporting Structure:
The Principal Associate Director reports to the DER Deputy Director and manages the Office of Fannie Mae Examinations ("Examination Team"). The Examination Team is composed of six branches: Credit Risk Branch; Market Risk Branch; Operational Risk Branch; Governance Branch; Model Risk Branch; and Information Technology Branch. The head of each branch reports to the Principal Associate Director, and the Principal Associate Director may also have one or more direct reports that do not report through the branch heads.
EXECUTIVE DESIGNATION: This is a position designated as an FHFA Executive by the Director based on the incumbent's influence over and accountability for effectively accomplishing the FHFA mission. Below is a general description of the executive roles and responsibilities representative of FHFA executive positions, followed by a description of the programs and functions managed, the position's reporting structure, and the specific roles and responsibilities assigned to this position.
EXECUTIVE ROLES AND RESPONSIBILITIES:
Oversees the management of assigned organizational unit and/or program area, directing and coordinating the implementation of programs and policies for assigned functional area. Analyzes the implications and impact of current and proposed policies, programs, and practices, with broad discretion to approve courses of action and resolve concerns of major significance.
Leads, motivates, and develops a staff of employees. Evaluates performance in accordance with FHFA guidelines; has authority to make a broad range of human resource decisions including hiring, promotion, adverse actions, performance evaluation/awards, and the development/training/mentoring of staff. Models innovation, creativity, and excellence and encourages the development of those competencies throughout FHFA. Performs these duties following and promoting equal employment opportunity principles.
Establishes objectives and goals in support of the Agency/organization's mission and strategic/operating plans. Develops short- and long-term plans and establishes priorities for the organization. Plans and manages resources with accountability for achievement of organizational goals and objectives and for overall Agency results.
Functional Roles and Responsibilities Specific to This Executive Position:
Serves as Examiner-in-Charge (EIC) to the DER Deputy Director by supporting FHFA Strategic Goal 1, "Secure the Regulated Entities' Safety and Soundness." The EIC is responsible for directing and overseeing the planning, performance and documentation of DER's examination activities at Fannie Mae. The EIC supervises the Examination Team's work to develop and document findings and conclusions and to communicate findings and expectations for remedial action to Fannie Mae. Examination documentation is prepared and approved in accordance with applicable DER and FHFA guidance. Examination work products include:
Business profile of Fannie Mae to inform the examination strategy;
Annual examination strategy that takes into account Fannie Mae business operations, the quality of controls; changes in the economic and regulatory environment, and emerging issues and risks;
Annual risk-based examination plan for Fannie Mae and a mid-year update to the examination plan;
Semi-annual risk assessment; and
Annual Report of Examination, which includes the assignment of ratings under FHFA's CAMELSO ratings system.
The EIC serves as the primary contact for Fannie Mae on matters relating to DER supervision, and the EIC is the primary advisor within FHFA on Fannie Mae supervisory issues.
In collaboration with other members of the DER senior executive team, the EIC participates in review and vetting of DER and Agency products and management decisions and oversees the Examination Team's contribution to DER responses to oversight and other inquiries.
The EIC is responsible for developing, mentoring and managing staff so that the Fannie Mae Examination Team has adequate subject matter expertise and management resources to fulfill its responsibilities.
Requirements
- Status Candidates (Merit Promotion and VEOA Eligibles) and those eligible under other hiring authorities
- SF 50's are appreciated but not required of current FHFA employees. Please include one showing tenure 1 or 2, and competitive status. If you are a current SES, you must provide an SF-50 that indicates your competitive eligibility.
- Males born after 12-31-59 must be registered for Selective Service
- May be required to successfully complete a supervisory 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)
- Bargaining Unit Status: Ineligible
- This position requires the annual completion of a financial disclosure report.
- 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:
MINIMUM QUALIFICATIONS: Applicants must have 52 weeks (one-year) of specialized experience equivalent to the next lower grade level as described below.
LL-01 Experience: I qualify for the LL-01 because I have at least 52 weeks of specialized experience at the EL-15 or higher demonstrating work experience with the statements described below. Examples of specialized experience include:
Experience monitoring and assessing the financial condition and performance of complex financial institutions and their compliance with regulations through annual on-site examinations, periodic visitations, and ongoing monitoring and analysis.
Experience managing an examination in which the duties include making decisions concerning the regulation and supervision of financial institutions; leading examiners with oversight responsibilities for condition, performance, and safety and soundness of financial institutions.
Demonstrated professional experience leading, managing or supervising the safety and soundness examinations of large, complex institutions.
Experience providing expert advice on complex financial issues and in defining the rules and regulations for measuring the safety and soundness of a large financial institution.
Experience managing staff.
Time-In-Grade: Current FHFA 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 LL-01 position, applicants must have served 52 weeks as an EL/GS-15 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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