What are the responsibilities and job description for the Financial Analyst (Modeling) position at Federal Housing Finance Agency (FHFA)?

Summary

This vacancy announcement will be used to fill a Financial Analyst (Modeling) position at the EL-09 / 11 grade levels. The incumbent will work in the Market Risk Modeling Branch, Office of Risk Analysis & Modeling (ORAM), Division of Federal Home Loan Bank Regulation (DBR).

Duties

The Market Risk Modeling Branch

The Market Risk Modeling Branch (MRMB) provides technical and analytical support to the Division of Federal Home Loan Bank Regulation (DBR) with respect to economic and financial models, particularly those used to measure, monitor, and control market risk. The Branch is responsible for implementation and maintenance of an Enterprise Risk Management system, a supervisory model which measures market risk exposure of the FHLBanks. The Branch contributes to the Agency's examination function by using skills in the areas of econometrics and finance, drawing upon direct experience building and using financial models. The Branch combines theory with practice to offer insights based on direct real-world experience as well as academic research.

Major Duties & Responsibilities

The Financial Analyst (Modeling) duties listed below are at the EL-11 grade level. Depending on the grade level selected, the incumbent will perform the following duties with varying levels of supervision and difficulty :

Assist in the monitoring, evaluating, and reporting of the financial condition and performance of banks and financial institutions.
Participate in the research and identification of significant and emerging risks in banks or financial systems, especially those related to financial performance, financial reporting, and forecasting.
Assist in the analysis of financial performance by participating in the analyses of monthly and quarterly financial reports.
Assist in maintaining and improving the software models utilized by market risk modeling staff.
Test and validate a financial model (including prepayments, risks, or other similar analyses).
Assist with regular software data updates for modeling or statistical systems.
Use market risk modeling software to analyze a banks or other financial institution's portfolios and holdings.
Work with risk modeling research projects.
Deliver oral presentations conveying my analyses and conclusions.
Assist with production of regularly scheduled written reports, including economic and financial metrics, and conclusions supported by financial analyses and data.

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

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) Local 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 :

MINIMUM QUALIFICATIONS :

Minimum Qualification EL-09 : Applicants must have 52 weeks (one-year) of specialized experience equivalent to the next lower grade level and / or directly related education as described below. From the description below, i f you choose options "B" or "C" you must provide transcripts with your application.

A. Experience : I qualify for the EL / GS-09 because I have at least 52 weeks of specialized experience at the EL / GS-07 or equivalent demonstrating work experience with the statements described below.

Examples of specialized experience include :

Using risk measurement platforms or asset-liability management models (such as QRM, Intex, FinCAD, PolyPaths, or YieldBook), statistical software (such as SAS, STATA, SPSS, R or Python), other software (such as Microsoft (MS) SQL Server, XML, XSLT, or Bloomberg), or similar software used to independently analyze and visualize data on financial statements and portfolios of financial instruments (such as Tableau or Crystal Reports).

Applying more advanced techniques using MS Excel VBA or MS Access data queries to conduct modeling or other forward-looking analyses on portfolios of financial instruments.

Maintaining a database or other data repository for use in financial risk modeling.

Aiding in the drafting of written reports or presentations to explain and summarize complex financial modeling results and quantitative estimates

B. Education : Completion of two (2) academic years of graduate-level education, or a master's degree or equivalent graduate degree from an accredited college of university directly related to the work of the position (i.e., finance, business administration, economics, accounting, insurance, engineering, mathematics, banking and credit, law, real estate operations, statistics, or other fields related to the position), or an LL.B or J.D, if related.

C. Combination of education and experience as described above in options "A" and "B". Note : Less than one year of specialized experience may be combined with graduate education more than the amount required for the next lower grade level. One academic year of graduate education is the number of credits hours determined to represent one academic year of full-time study (i.e., 18 semester hours (or 27 quarter hours).

Minimum Qualification EL-11 : Applicants must have 52 weeks (one-year) of specialized experience equivalent to the next lower grade level and / or directly related education as described below. From the description below, i f you choose options "B" or "C" you must provide transcripts with your application.

A. Experience : I qualify for the EL / GS-11 because I have at least 52 weeks of specialized experience at the EL / GS-09 or equivalent demonstrating work experience with the statements described below.

Examples of specialized experience include :

Using risk measurement platforms or asset-liability management models (such as QRM, Intex, FinCAD, PolyPaths, or YieldBook), statistical software (such as SAS, STATA, SPSS, R or Python), other software (such as Microsoft SQL Server, XML, XSLT, or Bloomberg), or similar software used to independently analyze and visualize data on financial statements and portfolios of financial instruments (such as Tableau or Crystal Reports.

Independently validating financial data for use in financial risk modeling, including reformatting data attributes as necessary, reviewing for accuracy, and ensuring data is usable for analytics.

Developing written reports or presentations on complex financial risk models and quantitative estimates, including clear and concise written summaries and appropriate visualizations / charts / graphs to support findings.

Utilizing the principals of financial risk modeling to conduct analyses on complex sets of financial data to meet business needs / mission.

B. Education : Completion of three (3) full academic years of progressively higher graduate-level education or a Ph.D. or equivalent doctoral degree from an accredited college of university directly related to the work of the position (i.e., finance, business administration, economics, accounting, insurance, engineering, mathematics, banking and credit, law, real estate operations, statistics, or other fields related to the position), or an LL.M, if related.

C. Combination of education and experience as described above in options "A" and "B". Note : Less than one year of specialized experience may be combined with graduate education more than the amount required for the next lower grade level. Two academic years of graduate education is the number of credits hours determined to represent two academic years of full-time study (i.e., 36 semester hours (or 54 quarter hours).

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.

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.

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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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