Principal Risk Analyst
Federal Housing Finance Agency - Washington, DC

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The Federal Housing Finance Agency (FHFA) is a small, dynamic, fast-paced federal agency whose work has far-reaching impact. If selected, you will be part of an integrated team playing a key role in the current and future U.S. housing market.

At FHFA, every employee is critical in meeting our mission. Our team primarily consists of examiners, accountants, economists, financial analysts, information technology specialists, and attorneys - which make up our Mission Critical Occupations (MCO). However, we also employ budget and procurement specialists, human resources specialists, administrative, facilities and space management professionals and student interns.

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We offer competitive salaries and a great benefits package.

FHFA: MORE THAN A JOB - MAKING A DIFFERENCE! KEY REQUIREMENTS

U.S.Citizen DUTIES:
The Office of Risk Analysis (ORA) provides technical and analytical support to the Division of Federal Home Loan Bank Regulation (DBR) and the Division of Enterprise Regulation (DER) with respect to economic and financial models, credit risk, market risk, and operations/information technology risk. ORA is responsible for evaluating the market and credit risk models at the FHLBanks and the Enterprises and conducting off-site monitoring and analysis of the credit, market, and operations/IT risk exposures. ORA contributes to the DBR and DER examination functions by using skills related to these risk areas and providing information and technical support to the examination teams. Typical work assignments include:

Contribute to the development and writing of reports in areas of credit and/or operations/information technology risk. Provide technical advice and guidance to senior management in at least one of these risk areas. Initiate, oversee, and complete research projects designed to expand the understanding of regulated entity exposures to specific and emerging risks. Assist with the development of agency policies and guidance in these areas. Respond to inquiries, from examiners or others in the agency that pertain to the risk area in which he/she specializes.

Support the preparation of written policies, procedures, and manuals developed by the Division to document assumptions, methods, and procedures used for generating standardized reports, as well as policy guidance to the FHLBanks and Enterprises regarding at least one of the relevant risk areas.

Present the results of complex risk analysis reports and projects to technical audiences and to senior agency officials. Provide expert-level financial analyses in at least one of the relevant risk areas. Organize briefings and provide appropriate supporting documentation.

Provide leadership to financial analysts in serving as team and project leader on various reports and research projects in the relevant risk areas. Work to bring out the maximum effort from colleagues and subordinates. Provide quality editing support for final documents.

Work to maintain expertise in relevant financial theories and practices in the risk area(s) in which he/she specializes. Represent ORA in meetings within the DSPS, DBR, or DER.

Work closely with the Associate Director of ORA and the manager of the Credit, Market, Ops/IT Risk team and other ORA staff to develop new reports and other communication tools to improve ORA's ability to communicate key information on these risks to the examination teams and to others in the agency.

QUALIFICATIONS REQUIRED:
Qualifying experience for the EL-15 level includes one year of specialized experience at least equivalent to EL-14 (GS-14) which is in or directly related to the line of work of the position to be filled and which has equipped the applicant with the particular knowledge, skills, and abilities to successfully perform the duties of the position. Examples of specialized experience include the following:

Conducting credit and/or operations/IT risk analysis at large regulated banks and/or financial enterprieses.

Applicants must meet all qualifications requirements (listed above) byFriday, March 01, 2013 to be eligible for further consideration. Eligibility will be based on clear documentation indicating that the applicant's training and experience are of the scope, quality and level of responsibility sufficient to successfully perform the duties and responsibilities of this executive position.

All qualified applicants will receive consideration for employment regardless of race, color, religion, gender, status as a parent, sexual orientation, political affiliations, national origin, age, disability, or any other non-merit factor. HOW YOU WILL BE EVALUATED:

Candidates who meet the basic qualification requirements for this vacancy will be rated according to Category Rating Procedures. Based on your veteran's status and responses to the job specific questionnaire you will be assigned to a pre-defined quality category. There will be three quality categories: Highly Qualified, Well Qualified and Qualified. Generally, only candidates in the top quality category will be referred to the hiring manager.

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. BENEFITS:

T he Federal Housing Finance Agency (FHFA) offers a comprehensive benefits package that includes all of the standard federal benefits plus additional agency specific benefits. Our unique benefits package includes the following:

DENTAL. FREE comprehensive dental coverage to employees and their family members. There is a $2,500 annual maximum per employee and a separate orthodontic benefit for dependent children to age 19. (Annual deductibles apply.)

VISION. FREE vision care coverage. This benefit covers the employee and all eligible dependents. (Co-pay applies.) Coverage includes reimbursement according to a fee schedule for eye examinations, frames and contact lenses once every 12 months.

TRANSPORTATION . 100% cost of your public transportation commuting expenses (e.g., vanpool, metro bus, metro train). The first $230 tax-free and up to $90 per month to cover the cost of parking at Metro operated lots.

LIFECYCLE PROGRAM . FHFA's Life Cycle Program pr ovides a taxable distribution each fiscal year for various health related expenses. This benefit is based on your employment status on October 1st of each fiscal year.

HEALTH INSURANCE . . A variety of Federal Employee Health Benefit plans to choose from which can be paid from pre-tax income. FHFA pays 90% of the bi-weekly premium.

RETIREMENT . T he Federal Employee Retirement System (FERS) is a three-tiered program consisting of: Basic Benefit (a retirement pension) Social Security, and the Thrift Savings Plan (see below). Current CSRS employees will remain under that retirement system.

RETIREMENT SAVINGS. . The Thrift Savings Plan (TSP) is a retirement savings and investment plan for Federal employees and offers the same type of savings and tax benefits provided under 401(k) plans. A FERS employee can contribute up to $17,500 per year. The agency will match contributions up to the first 5 percent. A CSRS employee, you can contribute up to $17,500 per year. CSRS employees do not receive any agency contributions. Employees age 50 or older as of December 31, 2013, may contribute an additional $5,500 for catch-up contribution per year.

401K PLAN . In addition to the Thrift Savings Plan (TSP), the FHFA implemented an additional retirement savings plan that is administered by T. Rowe Price. Employees contributing at least 3% to the TSP may participate in the agency 401(k) plan. 401(k) plan participants may contribute up to 10% of their salary on a pre-tax basis, with agency matching contributions of up to 3 percent.

LEAVE. The Federal leave program offers exceptional time-off benefits, including annual leave, sick leave, Family Friendly Leave, Family Medical Leave, and ten (10) paid holidays per year.

LIFE INSURANCE. The Federal Employee Group Life Insurance offers numerous life insurance policy options covering employees and dependents.

COUNSELING SERVICES . The Employee Assistance Program provides free confidential counseling and referral services to you and your family members.

TRAINING. Career development and enrichment training is available in job-related areas.

FITNESS. Free use of an on-site fitness facility which includes a locker room with showers.

Please visit http://usajobs.gov/EI/benefits.asp#icc for more detailed information on the federal benefits programs. OTHER INFORMATION:

Interagency Career Transition Program: The ICTAP provides eligible displaced Federal competitive service employees with selection priority over other candidates for competitive service vacancies. If you are an eligible Interagency Career Transition Assistance Program (ICTAP) applicant you may apply for special selection over other candidates for this position . To be well-qualified and exercise selection priority for this vacancy, displaced Federal employees must be rated in the “well-qualified” category or above on the rating criteria for this position. ICTAP eligibles must submit one of the following as proof of eligibility for the special selection priority: a separation notice; a "Notice of Personnel Action" (SF-50) documenting separation; an agency certification that you cannot be placed after injury compensation has been terminated; an OPM notification that your disability annuity has been terminated; OR a Military Department or National Guard Bureau notification that you are retired under 5 U.S.C. 8337(h) or 8456. Information about ICTAP eligibility is on OPM's Career Transition Resources website at http://www.opm.gov/ctap/index.asp .

Selective Service: If you are a male applicant born after December 31, 1959 , you must certify that you have registered with the Selective Service System, or are exempt from having to do so under the Selective Service Law. See www.sss.gov.

Veterans' Preference: If you are entitled to veterans' preference, you should indicate the type of veterans' preference you are claiming on your résumé. Your veterans' preference entitlement will be verified if selected.

Veterans claiming preference who have met the basic qualification requirements will be placed ahead of other applicants in the category to which they are assigned based upon the rating of their application. Preference-eligible veterans who have at least a 10 percent compensable service-connected disability will be placed ahead of all applicants in the highest category. If you are a veteran with preference eligibility and you are claiming 5-point veterans' preference, you must attach a copy of your DD-214 or other proof of eligibility. If you are claiming 10-point veterans' preference, you must attach an SF-15, "Application for 10-Point Veterans' Preference" plus the proof required by that form.

REASONABLE ACCOMMODATION : This agency provides reasonable accommodations to applicants with disabilities, except when doing so would pose an undue hardship on the employing agency. If you need a reasonable accommodation for any part of the application and hiring process, please notify the agency at (202) 649-3064. The decision on granting reasonable accommodation will be made on a case-by-case basis.

Ethics: FHFA employees are subject to government-wide ethical standards of conduct, financial disclosure requirements, and post-employment prohibitions. In addition, certain FHFA employees are prohibited from accepting compensation from Fannie Mae and Freddie Mac for a two-year period after terminating employment with FHFA. Furthermore, to avoid financial conflicts-of interest or the appearance of conflicts-of-interest, FHFA employees may need to divest or sell certain assets they, their spouse, or minor children own or control, including securities issued by Fannie Mae, Freddie Mac, or the Federal Home Loan Banks. Employees who work on Federal Home Loan Bank issues may need to sell or divest financial interests with Federal Home Loan Bank members, which may include stock in bank holding companies, insurance companies, and other financial services firms. Questions regarding these requirements and prohibitions should be directed to the Office of General Counsel at (202) 649-3064.

Additional Information:
New federal employees are required to fulfill a one-year probationary period.

Favorable adjudication of the appropriate level of background investigation is a condition of employment at FHFA.

All Federal employees are required to have Federal salary payments made by direct deposit to a financial institution of their choosing.

There is currently only one vacancy available. However, should additional vacancies become available within three months from the opening date of this announcement, eligible applicants for this position may be referred for consideration for the additional position(s).

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