The Federal Housing Finance Agency (FHFA) is a key player in our nation’s financial stability and the current and future U.S. housing market and is currently hiring for our exciting Examiner career development program!
Would you like to continue your professional growth while you work in the exciting financial services industry, where you will have the opportunity to study and work with large financial organizations, work closely with senior financial professionals, learn more about investments, financial management, bank operations, secondary mortgage markets, complex data analysis, and more? Then this Examiner career development program could be for you.
Examiner Trainee Development Program
Examiner trainees hired into DBR’s examiner development program will be placed into a structured program of on-the-job training, classroom work, and gradually increasing responsibilities to gain the experience, insight, and poise needed to become a successful commissioned Housing Finance Examiner (HFE). Trainees will also earn professional certifications provided by external professional organizations, such as the American Bankers Association (ABA) and the Global Association of Risk Professionals (GARP). We typically place trainee examiners into a laddered career development program with regular promotion opportunities at various intervals in the program, and the program typically takes between four and five years before final commissioning. Examiner trainees will work with various experts throughout the division to build their experience and their understanding of banking, the examiner profession, and work expectations, and will have opportunities to learn about the various areas of FHFA operations and supervision.
Major Duties and Responsibilities
Examiner trainees develop examination strategies and work plans in determining the scope of examination activities and develops new or adapted work methods and procedures as needed. Examiners lead in the assessment of the components of the CAMELSO rating system (Capital, Asset Quality, Management, Earnings, Liquidity, Sensitivity to Market Risk, and Operational Risk) and serve as members of an examination team to identify emerging and/or embedded risks. Examiners use technical capability to conduct complex examinations and demonstrate the ability to analyze, evaluate, and report on the financial performance and risks of the Regulated Entities and the Office of Finance (OF).
Examiner trainees learn to conduct examinations and detailed reviews in financial, management, market, and/or credit risk and assists in coordinating the examination resources and activities in his/her assigned area. Examiner trainees also learn to plan, organize, and supervise examination activities as a subject matter expert to the staff within other offices pertaining to examinations.
To qualify for the Examiner Trainee position, you must meet the basic eligibility requirements for the 0570 series and the minimum qualification requirements for the grade level below. Your resume must clearly describe your relevant experience. If you are qualifying based on education, your transcripts (official or unofficial) will be required as part of your application.
Basic Requirement for Examiners (0570):
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.
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.
In addition to meeting the basic entry requirements for an Examiner Trainee, applicants must have specialized experience and/or directly related education as described below. Your resume must clearly describe your relevant experience; if qualifying based on education, your transcripts (official or unofficial) will be required as part of your application.
Minimum Qualifications EL/GS-07:
A: Experience: I qualify for the EL/GS-07 because I have at least 52 weeks of specialized experience at the EL/GS-05 or equivalent demonstrating work experience which includes: Knowledge of financial analysis, ability to analyze financial reports, knowledge of accounting principles, skill in oral communication to present findings and recommendations, and ability to communicate in writing to prepare a variety of reports. -OR-
B. Education Substitute: 1 full year of graduate level education in accounting, business administration, commercial or banking law, economics, finance, marketing, or other fields related to the position, and includes at least 24 semester hours in business administration, accounting, finance, marketing, economics, mathematics, or statistics with at least 6 hours in accounting. -OR-
C. Superior Academic Achievement (S.A.A.): a bachelor’s degree curriculum directly related to the work of the position. To qualify for superior academic achievement, you must have ONE of the following: (1) standing in the upper third of your college class or major subdivision at the time you apply; (2) grade point average of B (3.0 on a 4.0 scale) or B+ (3.5 on a 4.0 scale) or its equivalent for all courses completed, either (a) at the time of application or (b) during the last 2 years of your undergraduate curriculum; (3) election to membership in one of the national honorary scholastic societies that meets the requirements of the Association of College Honor Society. Note: Grade-point averages are to be rounded to one decimal place. For example, 2.95 will round to 3.0 and 2.94 will round to 2.9. -OR-
D. 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 in excess of the amount required for the next lower grade level. One academic year of graduate education is considered to be the number of credits hours determined to represent one academic year of full-time study (i.e.,18 semester hours (or 27 quarter hours).
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.
Few vacancies in the following location:
- Location Negotiable After Selection, United States
US Citizenship is required.