Such activities involve data analyses, market surveillance, systemic risk monitoring, and analysis affecting housing finance and financial markets.
The Office of Capital Policy is responsible for developing regulatory capital policy for Fannie Mae and Freddie Mac, providing oversight of regulatory capital processes such as Dodd-Frank Act Stress Tests (DFAST), providing oversight of capital and liquidity standards for the Enterprises' primary mortgage insurer and seller/servicer counterparties, developing and maintaining mortgage credit models, and monitoring the business activity, financial performance, and risk exposure of the Enterprises to support regulatory capital policy. The Office of Capital Policy also provides quantitative analytical support for FHFA decisions on housing finance policy and assessments of the safety and soundness of the regulated entities.
The selected candidate will serve as a Senior Financial analyst and perform the following duties:
Contributes to the development of capital regulations, including drafting regulatory text, summarizing public comments and drafting responses to public comments.
Serves as subject matter expert on the US banking implementation of Basel III, including maintaining an understanding of the requirements applicable to systemically important financial institutions.
Analyzes new products, programs and activities at the Enterprises and makes recommendations for risk-based capital treatments under FHFA's capital regulations.
Monitors the Enterprises' capital disclosures. Makes recommendations to FHFA management on enhancing the Enterprises' capital disclosures through regulation.
Monitors, analyzes and reports on the capital positions of the Enterprises.
Maintains expert knowledge of issues, trends, and advances in regulatory capital, capital management and housing finance. Provides expert advice on advances in regulatory capital and makes recommendations for the enhancement of FHFA's regulatory capital program.
Monitors changes in accounting standards and analyzes their impact on the Enterprises' capital position and strategies. Makes recommendations on changes to capital regulations in response to changes in accounting standards.
Monitors trends in credit, market and operational risk measurement and management. Provides expert advice on advances in these areas and makes recommendations for the enhancement of FHFA's regulatory capital program.
Reviews the Enterprises' capital plans and makes recommendations to FHFA management.
Participates in the review of the Enterprises' capital models; analyzes large datasets of financial data using statistical software.
Drafts analysis memos and presentations.
Specialized experience: qualifying experience for the EL-14 level includes one year of specialized experience at least equivalent to the EL-13 which is in or directly related to the line of work of the position to be filled and which has equipped the applicant with the particular knowledge, skills, and abilities to successfully perform the duties of the position.
Examples of specialized experience include the following:
Experience analyzing, reviewing, and developing regulatory capital policy, capital planning rules or stress testing rules for financial institutions.
Experience with capital management for financial institutions.
Experience using statistical software to analyze large datasets of a financial institution.
Experience performing a wide variety of complex financial analyses and providing technical advice to senior officials.
Experience reviewing financial statements and monitoring financial performance of a financial institution.
Salary ranges from $147,874 - $195,000 commensurate with experience.