Remote Operational Risk Manager Jobs in Washington

Summary
This position is for an Examination Specialist/Senior Examination Specialist (Modeling) in the Division of FHLBank Regulation (DBR), Office of Credit Risk, AMA and Investments Modeling Branch. In this role, the incumbent will be responsible for conducting analyses of the risks facing the regulated entities, with a focus on highly complex credit risk modeling topics.
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Duties
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Division of FHLBank Regulation
The Division of FHLBank Regulation (DBR) is responsible for carrying out the FHFA's statutory duties for ensuring that: 1) the Federal Home Loan Banks (FHLBanks) and the Office of Finance (OF) operate safely and soundly, and 2) the FHLBanks remain adequately capitalized. These functions are performed through on-site examinations and off-site monitoring of the FHLBanks and the OF. The DBR also is responsible for policy and regulatory analysis, formulating and planning strategic goals, and conducting and evaluating long-range projects and proposals for all Agency programs relating to the FHFA's supervision and oversight of the FHLBank System.
The DBR monitors and analyzes the financial condition and performance of the FHLBanks and the market, credit, liquidity, operational, and model risks facing the FHLBanks. The DBR also collects financial and other data from the FHLBanks to support the Division's regulatory, policy, supervisory, monitoring, and examination functions. Monitoring and analysis staff participate in on-site examinations at the FHLBanks/OF and provide analyses of issues affecting the FHLBanks/OF as requested by the Deputy Director.
Position Overview
The Examination Specialist/Senior Examination Specialist (Modeling) will conduct analyses of the risks facing the regulated entities, with a focus on highly complex credit risk modeling topics in the areas of FHLBank secured credit programs, single-family mortgage programs, investment activities, and unsecured credit exposures, to identify and assess emerging and embedded risks. In this role, the incumbent will maintain knowledge of best practices of matters related to credit risk modeling, credit risk management, and other areas as appropriate; provide expert guidance on complex and/or controversial issues on FHLBank secured and unsecured credit activities and other supervision matters that may have broad implications; participate in examinations, ongoing monitoring, and other supervisory activities as needed, which involve travel to the regulated entities; and analyze the implications and impact of current and proposed supervision policies, programs, and practices.
Major Duties and Responsibilities
The Examination Specialist/Senior Examination Specialist (Modeling) duties listed below are at the EL-14 grade level. Depending on the grade level selected, the incumbent will perform the following duties with varying levels of supervision and difficulty:

• Lead and/or conduct highly complex regulatory safety and soundness examinations (including target examinations and horizontal reviews) with emphasis on modeling.
• Use appropriate credit risk modeling software to quantify and assess credit risk as part of examinations and ongoing monitoring activities.
• Complete examination work steps, including those related to credit risk modeling.
• Produce required examination deliverables which include findings memoranda, examination work-papers, and inputs for the reports of examination.
• Maintain knowledge of issues, trends, and advances in credit risk, credit risk modeling, industry guidance, regulatory expectations, and risk-based examinations of large, complex financial institutions.
• Lead and/or significantly contribute to the development of supervisory scope, risk-based examination strategies, work plans, reports and memoranda completed according to prescribed FHFA's mission, vision and regulatory and supervisory policy, program guidelines and standards to assess FHLBank asset quality with emphasis in credit risk modeling.
• Assess adequacy of current examination techniques related to credit risk modeling and recommends and develop enhancements to examination techniques.
• Identify, measure, and communicate emerging risks in the FHLBank System, including those in banking, financial, housing market, operational risk, and mortgage market developments that could impact credit risk.
• Prepare written routine and ad-hoc monitoring reports and examination deliverables, providing evaluative, factually accurate, and relevant commentaries that convey and support highly technical or complex conclusions drawn and are appropriate to the complexity of operations being examined or assessed.
• Communicate complex, technical, and other supervisory conclusions, opinions and recommendations including their support to senior management to elicit management's views.
• Maintain effective communications internally and external to the agency to ensure that appropriate coordination and follow-up activities take place.
• Perform other duties as assigned.

Requirements
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Conditions of employment

• Must be a U.S. Citizen.
• 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) Chapter 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.

Qualifications
You may qualify for your desired series and grade level if you meet the following qualification requirements:
BASIC REQUIREMENTS:
To be eligible for the 0570 series, you must meet one of the following 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.

-OR-
C. Certificate: A certificate as a Certified Public Accountant (CPA) obtained through written examination in a State, territory, or the District of Columbia meets the EL/GS-5 level requirements. Applicants with such certificates may also qualify for higher grade levels based on their education and or experience.
In addition to meeting the above basic education, experience, or certification requirements, applicants must also meet the following minimum qualifications for their desired grade level:
MINIMUM QUALIFICATIONS:
Minimum Qualification EL-12: 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 most or all of the statements described below.
Examples of specialized experience include:

• Participating in credit risk modeling in one of the following areas: secured and unsecured credit, single-family mortgages, investment portfolios; AND
• Conducting reviews, examinations, or analysis of financial institutions, with a focus on credit risk modeling, including assessing secured and unsecured credit exposure, investment portfolios, and model-driven risk measures to assess risk and support supervisory or business decisions; AND
• Analyzing financial, portfolio, or market data using tools such as Excel, STATA, SQL, MATLAB, Tableau, or similar applications to identify trends, evaluate portfolio performance or model results, and support assessments of credit risk; AND
• Preparing or contributing to written reports, briefings, or summaries to communicate findings and support decision-making; AND/OR
• Reviewing policies, procedures, model documentation, or internal controls to help assess governance, risk management practices, and compliance with guidance; AND/OR
• Monitoring trends and advances in credit risk, credit risk modeling, industry guidance, regulatory expectations, and risk-based examinations of large, complex financial institutions.

Minimum Qualification EL-13: 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 most or all of the statements described below.
Examples of specialized experience include:

• Working extensively with credit risk modeling in one of the following areas: secured and unsecured credit, single-family mortgages, investment portfolios; AND
• Performing and conducting reviews, examinations, or monitoring of financial institutions, with a focus on credit risk modeling, including assessing secured and unsecured credit exposure, investment portfolios, and model-driven risk measures, to assess risk and support supervisory or business decisions; AND
• Overseeing and analyzing financial, portfolio, or market data using tools such as Excel, STATA, SQL, MATLAB, Tableau, or similar applications to identify trends, evaluate portfolio performance or model results, and identify emerging risks; AND
• Writing reports, memoranda, or analytical summaries to clearly present findings and recommend actions to stakeholders; AND/OR
• Evaluating model documentation, methodologies, assumptions, and internal controls, including model validation results or governance practices, to assess effectiveness and identify weaknesses or gaps; AND/OR
• Monitoring and tracking trends and advances in credit risk, credit risk modeling, industry guidance, regulatory expectations, and risk-based examinations of large, complex financial institutions, including experience developing new credit risk monitoring and assessment reports.

Minimum Qualification EL-14: 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 all of the statements described below.
Examples of specialized experience include:

• Serving as a Subject Matter Expert (SME) in credit risk modeling in one of the following areas: secured and unsecured credit, single-family mortgages, investment portfolios; AND
• Leading complex reviews, examinations, or analysis of financial institutions, with emphasis on credit risk modeling, including assessing secured and unsecured credit exposure, investment portfolios, and model-driven risk measures, to evaluate overall risk and inform strategy or supervisory decisions.; AND
• Evaluating models, assumptions, performance, and relevant market or economic conditions, including reviewing model methodologies and validation processes, to identify model risk issues and emerging risks; AND
• Developing approaches, plans, or strategies, such as designing risk assessments, monitoring frameworks, or analytical methodologies, to evaluate complex credit and model risk; AND
• Developing new credit risk monitoring and assessment reports using data management and modeling skills to identify highly complex current and emerging credit risks; AND
• Advising leadership or stakeholders on credit risk, model risk, and related issues, including presenting findings and recommending corrective actions, to influence decision-making.

**Failure to provide your transcripts, when required, for any of the options above 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: