Director, Risk Management

Full Job Description

The Department of Energy (DOE) is looking for a dynamic executive to serve as a member on the leadership team for the Office of Energy Dominance Financing (EDF).

DOE's Office of Energy Dominance Financing sources, underwrites, structures and manages several federal lending programs in support of large-scale energy infrastructure and manufacturing projects.

Candidates should be committed to improving the efficiency of the Federal government, passionate about the ideals of our American republic, and committed to upholding the rule of law and the United States Constitution.

Candidates will not be hired based on their race, sex, color, religion, or national origin.

To meet the minimum qualification requirements for this position, you must show that you possess the Executive Core Qualifications (ECQ) and Technical Qualifications (TQ) related to this position within your resume - NOT TO EXCEED 2 PAGES.

Resumes over the 2-page limit, will not be reviewed beyond page 2 or may be disqualified.

Your resume should include examples of experience, education, and accomplishments applicable to the qualification(s).

If your resume does not reflect demonstrated evidence of these qualifications, you may not receive consideration for the position.

TECHNICAL QUALIFICATIONS (TQs): Your resume should demonstrate accomplishments that would satisfy the technical qualifications.

TQ 1: Demonstrated knowledge and experience in the annual review of a portfolio of projects; updating credit risk management strategies; and, calculation of revised credit subsidy values: based on analysis of the project performance, credit ratings and recovery rates as required by the Federal Credit Reform Act of 1990 (FCRA).

TQ 2: In-depth experience in the development of credit risk management strategies for the origination of non-recourse project finance or commercial infrastructure loans for multi-million to multi-billion-dollar U.S.

energy generation or manufacturing projects utilizing new or innovative technology.

Emphasis on the development of reliable credit risk mitigation strategies, credit risk ratings and analyses based on the national energy technology policies and statutes as well as the domestic energy market demands.

EXECUTIVE CORE QUALIFICATIONS (ECQs): In addition to the Technical Qualification Requirements listed above, all new entrants into the Senior Executive Service (SES) under a career appointment will be assessed for executive competency against the following five mandatory ECQs.

If your 2-page resume does not reflect demonstrated evidence of the ECQs and TQs, you may not receive further consideration for the position.

There are five ECQs: ECQ 1: Commitment to the Rule of Law and the Principles of the American Founding - This core qualification requires a demonstrated knowledge of the American system of government, commitment to uphold the Constitution and the rule of law, and commitment to serve the American people.

ECQ 2: Driving Efficiency - This core qualification involves the demonstrated ability to strategically and efficiently manage resources, budget effectively, cut wasteful spending, and pursue efficiency through process and technological upgrades.

ECQ 3: Merit and Competence - This core qualification involves the demonstrated knowledge, ability and technical competence to effectively and reliably produce work that is of exceptional quality.

ECQ 4: Leading People - This core qualification involves the demonstrated ability to lead and inspire a group toward meeting the organization's vision, mission, and goals, and to drive a high-performance, high-accountability culture.

This includes, when necessary, the ability to lead people through change and to hold individuals accountable.

ECQ 5: Achieving Results - This core qualification involves the demonstrated ability to achieve both individual and organizational results, and to align results to stated goals from superiors.

Note: If you are a member of the SES or have been certified through successful participation in an OPM approved SES Candidate Development Program (SESCDP), or have SES reinstatement eligibility, you do not need to respond to the ECQs.

Instead, you should attach proof (e.g., SF-50, Certification by OPM's SES Qualifications Review Board (QRB)) of your eligibility for noncompetitive appointment to the SES. Major Duties:

The Director, Risk Management Division (RMD) is a senior executive level position in the Office of Energy Dominance Financing (EDF) of the U.S. Department of Energy (DOE).

The Director, RMD manages and oversees all aspects of risk related loan origination credit activities.

This includes the entire process from risk elements considered from initial intake through comprehensive due diligence to final loan closing.

A critical component of this role involves developing and implementing robust credit models, conducting thorough stress tests, and establishing accurate credit ratings.

You will also be responsible for precise subsidy calculations and ensuring the integrity and compliance of all finance documentation.

For each project receiving federal financing, the Director conducts an on-going program of credit review to ensure that transaction risks and performance are within acceptable levels throughout the tenure of the loan.

The incumbent supervises and/or performs the following RMD functions: Manages four functional units of the Division:

Credit Risk;

National Security;

Compliance; and

Enterprise Risk Management.

Oversees risk assessment, mitigation, and monitoring of risks associated with foreign nexuses with EDF projects through stages of pre-application, due diligence to financial close, and throughout the loan tenor to ensure overall program objectives are met.

Leads redevelopment of:

the Risk Matrix used to evaluate the risk of default in any transaction;

the Recovery Matrix used to evaluate the loss given default in any transaction for the pre-and post-completion project period;

the annual probability of default curve;

the CSC2 cash flow model; and

the Credit Subsidy Cost Model for OMB approval.

Provides presentations, briefings, and responses to questions on highly complex and often unique risk matters involving EDF projects for DOE officials and senior staff, including the Secretary of Energy, Deputy Secretary, Under Secretaries, and Assistant Secretaries, and to external oversight parties including the Office of Management and Budget (OMB), Department of Treasury (Treasury), congressional delegations and administration officials.

Leads a team responsible for annual enterprise risk documentation, assessment, management and reporting for EDF operations.