Senior Examiner/Examiner

Summary

You can get further details about the nature of this opening, and what is expected from applicants, by reading the below.

The incumbent serves as an examiner in the area of credit risk and is responsible for planning, organizing and completing examinations of the FHLBanks and the Office of Finance (OF) for the purpose of ensuring financial safety and soundness and housing mission achievement.

Duties

Examinations Group

The Examinations Group is responsible for conducting the annual on-site examination and ongoing supervision of the FHLBanks and the Office of Finance (OF). On-site examinations review the FHLBank's capital, asset quality, management, earnings, liquidity, sensitivity to market risk, operational risk (CAMELSO), and Affordable Housing Program, and the Office of Finance's management and operational risk. FHFA work programs establish examination guidance and expectations to be followed when executing examinations. The Examinations Group also conducts ongoing supervision of the FHLBanks and the Office of Finance throughout the year by conducting on-site visits, holding regularly scheduled conference calls, and engaging in ad-hoc electronic communication.

The incumbent, working with team members and/or a Supervisory Examiner: Conducts the development of work plans in determining the scope of examination activities. Assesses the components of the CAMELSO rating system. Serves as a member of an examination team to assess emerging or embedded risks. Conducts analysis contributing to the conclusion about the FHLBanks and the Office of Finance's financial condition and overall safety and soundness, and degree of compliance with statutory and regulatory requirements. Conducts due diligence to identify credit risk within the FHLBanks.

Major Duties and Responsibilities:

• Conducts an evaluation to determine the level and trend of overall credit risk. Assesses credit risk posed by the FHLBank's advances to member institutions, whole loan investments, security investments, and money market investments. Assesses credit concentrations and associated risks.
  
• Conducts an evaluation of the adequacy of FHLBank's credit risk models. This may include models for rating counterparties, valuing whole loan and securities collateral used to secure member advances, and determining credit enhancements for whole loan purchases.
  
• Assesses the FHLBank's credit administration practices and policies.
  
• Assesses the credit risk oversight functions provided by the FHLBank board of directors and senior management, including any designated "risk" committee, and senior management credit risk committee.
  
• Assesses the independent Chief Risk Officer function, including the measurement of risk and independent assessment of the risk management function.
  
• Assesses the adequacy of policies for establishing authorizations and responsibilities, risk strategies, and risk limits. Assesses the adequacy of procedures for promulgating controls over the credit risk management process.
  
• Assesses the Internal Audit coverage of credit risk management processes.
  

Additional Duties Include

• Completes examination work plans to determine the scope of examination activities and develops new or adapted work methods and procedures as needed.
  
• Conducts examinations and reviews in one or more component areas.
  
• Conducts the coordination of examination resources and activities in his/her assigned areas.
  
• Completes written reports regarding the complexity of the operations under examination.
  
• Completes examination findings through a combination of source documents, report comments, and other examination work papers that address management practices. Communicates examination findings and their bases to senior management to elicit management's views.
  
• Follows supervisory guidance such as the examination manual, advisory bulletins, examination guidelines, and policy statements to ensure development of work products is completed according to prescribed FHFA regulatory and supervisory policy and program guidelines and standards.
  

Requirements
Conditions of Employment

• 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
  
• May be required to successfully complete a one-year supervisory 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.
  
• The successful candidate will also enroll in the FHFA Housing Finance Examiner (HFE) Commission Program, unless the person holds a commission from another Federal banking agency
  
• Travel is required to the Federal Home Loan Banks, Office of Finance and Agency headquarters.
  
• If the selectee's duty station is his/her private residence, it must allow ready access to a major metropolitan airport, which offers direct, reasonably efficient routes (from a time and cost perspective) to cities in which the FHLBanks are located.
  
• 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.
  
• The selectee/s will be placed on either an Examiner or Senior Examiner position description. Credit Risk will be the focus of the position.
  

Qualifications
To qualify for the Senior Examiner/Examiner (Credit Risk) position, you must meet the basic eligibility requirements for the 0570 series and the minimum qualification requirements. Your resume must clearly describe your relevant experience. Transcripts are required if you choose option "A" to satisfy the basic requirement.

Basic Requirement for Examiners ():

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 basic entry requirement for the Senior Examiner/Examiner (Credit Risk), applicants MUST demonstrate in their resume the ability to perform the specialized experience statements described below.

Examples of Specialized experience include:

• Participated in examinations of large, financial institutions in the area of credit risk. This work should include communicating examination conclusions to the institution's personnel.
  
• Experience in current financial institution examination processes, to include: determining the scope and method of examinations, planning and executing examinations, and reporting requirements throughout the examination cycle.
  
• Performed appropriate examination procedures, adapting standard procedures and techniques to identified issues/risks.
  
• Ensured that the development of work products is completed according to prescribed regulatory and supervisory policy and program guidelines and standards.
  
• Provided conclusions, formulated recommendations, and prepared examination documents within established timeframes.
  
• Communicated examination findings and their bases to the institution's senior management. Sought management's views and discussed management's perspective, ensuring examination conclusions are fully supported.
  
• Assessed risk management practices at financial institutions.
  
• Remained aware of emerging industry risks and how these risks could potentially impact the condition of financial institutions.
  

Minimum Qualifications EL-12: To qualify for the EL/GS-12 grade level, you must demonstrate that you have at least 52 weeks of specialized experience equivalent to the EL/GS-11 level in the Federal service or private sector.

Minimum Qualifications EL-13: To qualify for the EL/GS-13 grade level, you must demonstrate that you have at least 52 weeks of specialized experience equivalent to the EL/GS-12 level in the Federal service or private sector.

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.How You Will Be Evaluated

You will be evaluated for this job based on how well you meet the qualifications above.

This position is being filled through Federal Housing Finance Agency's hiring authority granted by the Housing Economic Recovery Act (HERA). All applicants meeting the basic qualification requirements will be forwarded to the selecting official for consideration. Candidates with Veteran's preference, who meet the specialized experience and education requirements for this vacancy, will be given priority consideration over non-preference candidates.

We recommend that you preview the online questions for this announcement before you start the application process. To preview the assessment questionnaire:

All of the information you provide will be verified by a review of the work experience and/or education as shown on your application forms, by checking references or through other means, such as the interview process. This verification could occur at any stage of the application process. Any exaggeration of your experience, false statements, or attempts to conceal information may be grounds for rating you ineligible.

In accordance with the Fair Chance Act, the Federal Housing Finance Agency (FHFA) may not request, in oral or written form, that an applicant for an appointment to (FHFA) disclose criminal history record information before the appointing authority extends a tentative offer to the applicant. Allegations of FHFA violations of this Act may be submitted to or to Fair Chance Act Complaints, Office of Human Resources Management, Employee Relations Branch, FHFA 400 7th Street, SW Washington DC 20219 within 30 days from the agency employee's alleged non-compliance with the law.

Required Documents

FHFA's application process has been specifically developed to ensure that we only ask you for the information we absolutely need to evaluate your qualifications and eligibility. All applicants are required to submit the following supportive documents:

1. Your Resume: If you have not written a federal resume before, you may want to watch this video on the , or read through a helpful on the to learn what details you should, and should not, include in your resume. A CV (curriculum vitae) may not contain enough information to meet these resume requirements.

• Your resume should list all work experience (paid and unpaid); you must list the full name of each employer.
  
• For all types of work experience, you should indicate the start and end date (include month and year); you must also list the average number of hours per week that your worked.
  
• Your resume should also include any education and training you have completed (list the program title, subject area, number of hours completed, and completion date).
  

2. Required, if applicable: This position may require a minimum level of education or a combination of education and experience. Please submit your transcripts (official or unofficial) along with your application. Failure to provide transcripts, when required, will result in removal from the hiring process. Note: If you are selected for a position, an official transcript will be required before onboarding.

3. Required, if applicable: CTAP/ICTAP documentation (a copy of a separation notice or other proof of eligibility for priority selection; a copy of an SF-50, Notification of Personnel Action, showing current position, grade, promotion potential, and duty location; AND a copy of your most recent performance appraisal.)

4. Required, if applicable: Veteran's Preference Documentation (DD-214, Member Copy 4 or other documentation containing dates of service and character of discharge. Disabled veterans and other applicants eligible for 10-point Veteran's Preference please include: documentation to validate your claim - VA letter, SF-15, etc.).

5. Other Supporting Documents:

• Cover letter, optional
  
• SF-50, optional
  

Important Notes:

• Utilize the preview feature of USA Jobs to view your documents and ensure the formatting remains and all documents are legible.
  
• Additional materials will not be accepted after the announcement closes (e.g. updated grades, updated resume, etc.).
  
• Your full name must be clearly visible on all documents.
  
• Do not submit encrypted documents.
  
• Tips: Encrypted documents do not transmit properly through USA Jobs. We recommend, you save the document as a new PDF, or Print to PDF to ensure the document comes through properly and is displayed properly using the USA Jobs preview feature.
  
• If the position has an education requirement or you are qualifying on the basis of education, you need to list your education history including the type of degree and your major of study. If the position requires a certain number of credit hours, you are strongly encouraged to list the relevant courses in your resume. Do not include a photograph or video of yourself, or any sensitive information (age, date of birth, marital status, protected health information, religious affiliation, social security number, etc.) on your resume or cover letter. We will not access web pages linked on your resume or cover letter to determine your qualification.
  

Failure to submit any of the above-mentioned required documents may result in loss of consideration due to an incomplete application package. It is your responsibility to ensure all required documents have been submitted.

If you are relying on your education to meet qualification requirements:

Education must be accredited by an accrediting institution recognized by the U.S. Department of Education in order for it to be credited towards qualifications. Therefore, provide only the attendance and/or degrees from
.

Failure to provide all of the required information as stated in this vacancy announcement may result in an ineligible rating or may affect the overall rating.

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