Vice President Operational Risk Management Jobs in Virginia

The position is located in the Department of Housing and Urban Development (HUD), Government National Mortgage Association (GNMA). HUD is seeking highly qualified individuals who are willing to meet the challenges of public service and support our mission. We offer salaries comparable to the private sector service and a generous benefits package. We also offer a broad array of program activities to develop your career, such as networking and training opportunities. At Housing and Urban Development, you'll have a once-in-a-lifetime opportunity to gain insight into housing policy and community development. Also, you can explore new career avenues and most of all, acquire lifelong skills as you represent the federal government. The GNMA or Ginnie Mae is the primary financing mechanism for all government‑insured or government mortgage loans.

• Opening and closing dates: 06/04/2026 to 07/02/2026
• Service: Senior Executive Service
• Appointment type: Permanent

1 vacancies in the following location:

Telework eligible: Yes – as determined by the agency policy

This position is located in the Office of Enterprise Risk, Government National Mortgage Association (Ginnie Mae) and serves as Senior Vice President & Chief Risk Officer (CRO) of Ginnie Mae.

Ginnie Mae is a wholly owned corporate instrumentality of the United States within the Department of Housing and Urban Development (HUD).

The Office of Enterprise Risk (OER) provides the framework for risk management, identifying events or circumstances relevant to Ginnie Mae's objectives (risks and opportunities), assessing them in terms of likelihood and magnitude of impact, determining a response strategy, and monitoring progress. By identifying and proactively addressing risks and opportunities, Ginnie Mae protects and creates value for its stakeholders, including the U.S. Government, investors, lenders, issuers, homeowners, and renters.

• The candidate for this position reports to the Executive Vice President (EVP) and is responsible for the risk management strategies of Ginnie Mae's MBS programs and support program offices. Combined, these program offices manage approximately $2.9 trillion in guaranteed mortgage‑backed securities outstanding.
• The incumbent is responsible for Ginnie Mae's Enterprise Risk Committee, which is the CRO's primary forum for leading and coordinating executive and senior management involvement in discussions and decisions regarding enterprise risk issues. Through the Enterprise Risk Committee, the CRO ensures that Ginnie Mae has developed, and continues to maintain, a robust enterprise risk framework by establishing enterprise‑wide policies and procedures for risk management throughout the organization; monitoring aggregate risk and compliance with risk policies; and delegating to program offices primary responsibility for day‑to‑day risk management inherent in their activities.

Through a staff of approximately 25 government employees and 100 subordinate directors, managers and professional staff, the candidate:

• Directs the planning and execution of major projects, studies, and analyses of corporate risk issues and evaluates housing market conditions. The CRO formulates innovative approaches and strategies to quantify credit, market, counterparty, and operational risks. Such determinations include comprehensive coverage, identification, and resolution of major challenges and conflicts; and the recommendation and negotiation of program initiatives and formulation of innovative proposals to mitigate, address and resolve risk issues.
• Directs the independent assessment of exposure to credit, market, counterparty and operational risk across Ginnie Mae; develops risk policies to which the business areas must comply to avoid business that may be detrimental to Ginnie Mae and/or is outside of acceptable risk boundaries; identifies key business risks, monitoring compliance with risk limits, reporting exceptions and recommending the suspension of business practices detrimental to Ginnie Mae; and facilitates communications across the different business areas in order to provide senior management with an integrated, independent assessment of risk. Direct the refining of Ginnie Mae's Issuer Stress Testing framework for unregulated program participants.
• Directs significant resources in establishing policies and standards relating to the comprehensive analysis and oversight of potential, active and dormant issuers (lenders and servicers) of Ginnie Mae's mortgage‑backed securities program Ginnie Mae's primary counterparty risk. Directs the ongoing management of a suite of econometric models that meet Ginnie Mae's commercial GAAP and FASAB financial reporting and risk analysis needs. Examples include: CECL; Valuation of Guarantee Assets and Liabilities; Credit Subsidy for President's Budget; Risk Based Pricing and Guarantee Fee Adequacy; and Risk Based Capital.
• Undertakes fact‑finding missions and recommends procedural and substantive solutions and/or remedial actions to resolve issues; participates fully on behalf of Ginnie Mae in such issues; and prepares special risk‑related reports on Ginnie Mae program matters. Carries out ongoing assignments and special projects that require close personal contact with the Office of the President so as to be able to review, expedite, coordinate, and as required, arbitrate or make high level decisions on his/her behalf; and undertakes a variety of sensitive assignments that may require contacts at the policy level with officials throughout the Department, other Federal agencies, the Congress, private industry, and/or various industry groups.

Perform other duties as assigned.

Current or Former Political Appointees: The Office of Personnel Management (OPM) must authorize employment offers made to current or former political Schedule A, Schedule C, Noncareer SES or Presidential Appointee employee in the Executive Branch, you must disclose this information on your resume and to the Human Resources Office.

As a basic requirement for entry into the senior executive service (SES), applicants must provide evidence of progressively responsible executive leadership and supervisory experience that is indicative of senior executive level managerial capability. This experience should be sufficiently broad in scope and at a major management level in a large or complex organization. The ideal candidate will have experience supervising many employees through subordinate supervisors and have experience hiring, developing, and evaluating employees. Typically, experience of this nature is at the GS‑15 or equivalent level in the federal service or its equivalent in the private sector.

Your application should demonstrate that you possess the knowledge, skills, and abilities to successfully fulfill responsibilities inherent in SES positions such as:

• Leading the work of an organizational unit
• Ensuring the success of one or more specific major programs or projects
• Monitoring progress toward strategic organizational goals, evaluating organizational performance and taking action to improve performance
• Supervising the work of employees, developing policy and other executive functions

If your experience does not include these basic qualifications, you will not be determined qualified for this position.

Veterans' preference: Is not applicable to positions in the Senior Executive Service.

At Ginnie Mae, we help make housing a reality for millions of households across America and veterans by channeling global capital into the nation's housing markets. Specifically, the Ginnie Mae guaranty allows mortgage lenders to obtain a better price for their mortgage loans in the secondary mortgage market. The lenders can then use the proceeds to make new mortgage loans available. Ginnie Mae does not buy or sell loans or issue mortgage‑backed securities (MBS). Therefore, Ginnie Mae's balance sheet doesn't use derivatives to hedge or carry long‑term debt. What Ginnie Mae does is guarantee investors the timely payment of principal and interest on MBS backed by federally insured or guaranteed loans — mainly loans insured by the Federal Housing Administration (FHA) or guaranteed by the Department of Veterans Affairs (VA). Other guarantors or issuers of loans eligible as collateral for Ginnie Mae MBS include the Department of Agriculture's Rural Development (RD) and the Department of Housing and Urban Development's Office of Public and Indian Housing (PIH). Ginnie Mae securities are the only MBS to carry the full faith and credit guaranty of the United States government, which means that even in difficult times, an investment in Ginnie Mae MBS is one of the safest an investor can make.