The employee will serve as an Examiner/Senior Examiner at the Division of FHLBank Regulation (DBR) as part of the Examinations Group. In this role, the incumbent will be 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.
You may qualify for your desired series and grade level if you meet the following qualification requirements: To qualify for this Examiner/Senior Examiner position, you must meet the basic eligibility requirements for the 0570 series, as well as 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 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: Applicants must have 52 weeks (one-year) of specialized experience equivalent to the next lower grade level as described below. Experience: 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 one or more of the statements described below. Examples of specialized experience include: Participating in examinations, audits, or risk consulting engagements of financial institutions, which include communicating conclusions to the institution's personnel. Assisting in determining the scope and method of examinations, audits, or consulting engagements; planning and executing the scope of work; and reporting requirements throughout the examination, audit, and the engagement cycle. Contributing to the adaptation of standard procedures and techniques to institution specific issues/risk. Assisting in the development of work products according to prescribed regulatory and supervisory policy and program guidelines and standards. Contributing to conclusions, formulated recommendations, and the preparation of supporting documents within established timeframes. Participating in the communication of findings and their basis to the institution's senior management or board of directors, seeking management's views and discussing management's perspective to ensure examination conclusions are fully supported. Assessing risk management practices at financial institutions. Assisting senior examiners in remaining aware of emerging industry risks and how these risks could potentially impact the condition of financial institutions. Minimum Qualification EL-13: Applicants must have 52 weeks (one-year) of specialized experience equivalent to the next lower grade level as described below. Experience: 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 one or more of the statements described below. Examples of specialized experience include: Performing examinations, audits, or risk consulting engagements of financial institutions, which include communicating conclusions to the institution's personnel. Determining the scope and method of examinations, audits, or consulting engagements; planning and executing the scope of work; and reporting requirements throughout the examination, audit, and the engagement cycle. Adapting standard procedures and techniques to institution specific issues/risk. Developing work products according to prescribed regulatory and supervisory policy and program guidelines and standards. Providing conclusions, formulating recommendations, and preparing supporting documents within established timeframes. Communicating findings and their basis to the institution's senior management or board of directors, seeking management's views and discussing management's perspective to ensure examination conclusions are fully supported. Overseeing risk management practices at financial institutions. Remaining aware of emerging industry risks and how these risks could potentially impact the condition of financial institutions. *Commissioned Examiner Credential Desirable* **Failure to provide your transcripts, when required, for any of the options above will remove you from the hiring process** Time-In-Grade: Current or former Federal government employees who have held an EL/GS position in the preceding 52 weeks, must meet the time-in-grade requirement. To be eligible for the EL-12 position, applicants must have served 52 weeks as an EL/GS-11 or higher in the Federal Service. To be eligible for the EL-13 position, applicants must have served 52 weeks as an EL/GS-12 or higher in the Federal Service. 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.
Examinations Group The Examinations Group is responsible for conducting the annual examination and ongoing supervision of the FHLBanks and the Office of Finance (OF). Annual 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 examiners follow when executing examinations. The Examinations Group also conducts ongoing supervision of the FHLBanks and the Office of Finance throughout the year by conducting interim examinations, holding regularly scheduled conference calls, and engaging in ad-hoc communication. Major Duties and Responsibilities Areas of examination may include governance, market risk, credit risk, operational risk, liquidity risk, capital management, earnings, model risk, derivatives, information technology, risk assessment processes, accounting, and auditing. An Examiner formulates conclusions about the Regulated Entities and the OF's financial condition, overall safety and soundness, and degree of compliance with statutory and regulatory requirements, and identifies key risk areas within the Regulated Entities and the OF and causes remediation as appropriate. The Examiner/Senior Examiner duties listed below are at the EL-13 grade level. Depending on the grade level selected, the incumbent will perform the following duties with varying levels of supervision and difficulty: Complete general and/or targeted reviews of subject areas or components of the CAMELSO rating system. Identify emerging and/or embedded risks and use technical capability to conduct examinations. Analyze, evaluate, and report the financial performance and risks of the Regulated Entities and the OF. Independently participate in the development of examination strategies and work plans such as determining the scope of examination activities or developing new work methods and procedures as needed. Follow supervisory guidance such as the examination manual, advisory bulletins, examination guidelines, and policy statements to ensure that the development of examination scope and reports are completed. Determine the scope of the analysis required; develop sources of material appropriate for the evaluation of activities or operations; follow or adapt work methods and procedures; and perform research to identify material suitable for identified issues/risks. Ensure an accurate understanding of the key risks, processes and controls, and the factual basis for examination findings. Draft written reports including evaluative commentaries appropriate to the operations being examined and document examination findings. Ensure workpapers are completed in accordance with FHFA's workpaper standards. Keep abreast of significant issues or events and emerging risks that may affect the continued safe and sound operations of the Regulated Entities and the OF. Analyze banking, financial, housing, operational, and mortgage market developments affecting the Regulated Entities and the OF. Provide written analysis and recommendations for issues requiring agency approval or attention. Maintain a current advanced understanding and knowledge of issues, trends, and advances in risk management and risk-based examinations of large, complex financial institutions. Maintain subject matter expertise in principle knowledge area (e.g., technology, capital markets, accounting, etc.) as well as develop expertise in other subject matters as needed. Perform other duties as assigned.