This position is located in the Department of Housing and Urban Development, Government National Mortgage Association Ginnie Mae, Office of Enterprise Risk (EFR), Counterparty Risk Division. If you do not meet any of the categories listed below, you may wish to apply under announcement 25-HUD-12790841-P which is open for any U.S. citizen to apply. Please refer to that announcement for details on open period, eligibility, and how to apply.
You must meet the following requirements within 30 days of the closing date of this announcement. Specialized Experience: For the GS-15 grade level, you must have one year (52 full weeks) of specialized experience at a level of difficulty and responsibility equivalent to the GS-14 grade level in the Federal service. Specialized Experience includes performing corporate credit analysis for counterparties and to develop policies and procedures to help minimize the occurrence of defaults. Examples of such experience could include: - Developing counterparty risk policies.; OR - Analyzing the financial health or continuity of financial organizations.; OR - Leading project teams to analyze risk of activities and portfolios.; OR - Evaluating the modification of existing policies and practices regarding counterparty risk management. Experience may have been gained in either the public, private sector or volunteer service. One year of experience refers to full-time work; part-time work is considered on a prorated basis. To ensure full credit for your work experience, please indicate dates of employment by month/day/year, and indicate number of hours worked per week on your resume. Please limit your résumé to 2 pages. If more than 2 pages are submitted, your resume will still be accepted; however, only the first 2 pages will be reviewed and considered for qualifications and eligibility determination in whether or not the minimum qualifications for the position have been met. Time-in-Grade: In addition to the above requirements, you must meet the following time-in-grade requirement, if applicable: For the GS-15 you must have been at the GS-14 level for 52 weeks. Time After Competitive Appointment: Candidates who are current Federal employees serving on a non-temporary competitive appointment must have served at least three months in that appointment.
As a Director Counterparty Risk, you will: -Serve as the Director of the Counterparty Risk Analysis Division and is responsible for driving the development and oversight of Ginnie Mae counterparty risk management policy in conjunction with the Office of Strategic Planning, Policy and Communications ("OSPPC") and technical functions. - Serve as coach and mentor to team members and provide or arrange cross-training and professional development. innovations, particularly as they relate to counterparty credit risk management, and to collaborate in the development of major policy recommendations uniquely suited to the Ginnie Mae business model. - Develop sources of knowledge, including in the capital markets and the credit industry, to create external and internal benchmarks to: measure the long and short-term performance of Ginnie Mae Issuers of federally backed mortgage securities; determine the financial health and continuity of the issuing financial organizations; identify troubled institutions; and, contribute to the development of remediation workout plans that minimize the occurrence of credit defaults. Making a Difference: HUD's Mission HUD's mission is to create strong, sustainable, inclusive communities and quality affordable homes for all. HUD is working to strengthen the housing market to bolster the economy and protect consumers; meet the need for quality affordable rental homes; utilize housing as a platform for improving quality of life; build inclusive and sustainable communities free from discrimination and transform the way HUD does business. This position is located in the Government National Mortgage Association (Ginnie Mae), Office of Enterprise Risk (EFR), Counterparty Risk Division. Ginnie Mae is a wholly owned government corporation created to help expand homeownership opportunities for low and moderate-income Americans, by linking global capital markets to the nation's housing markets. The Counterparty Risk Analysis Division has responsibility for the approval of Issuers, master sub-servicers and other counterparties that enter into business relationships with Ginnie Mae.