Examiner/Senior Examiner (Exam Oversight)

Full Job Description

This position is for an Examiner/Senior Examiner (Exam Oversight) at the Division of FHLBank Regulation (DBR).

In this role, the incumbent will develop work plans and determine the scope of examination activities; participate in the assessment of the components of the CAMELSO rating system; and serve as a member of an examination team to assess emerging or embedded risks.

You may qualify for your desired series and grade level if you meet the following qualification requirements: 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: Conducting examinations or reviews of regulated entities by following established procedures and adapting standard methods, performing research, and developing appropriate analytical approaches under guidance; AND Assessing risk, controls, and remediation efforts using established examination techniques to support conclusions with evidence and identify appropriate analytical approaches; AND/OR Communicating examination results to management that present the basis for findings and facilitate information exchange to ensure accurate understanding of risks and controls; AND/OR Monitoring emerging risks and trends to prepare concise written analyses or recommendations to support supervisory or agency decision-making.

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: Developing and executing examination strategies, including adapting and creating methods and procedures to address complex or emerging risk and leading components of CAMELSO assessments; AND Evaluating financial performance, risk management practices, and internal controls of regulated entities by conducting advanced research and analysis that identify embedded or emerging risks to tailor examination approaches; AND/OR Applying and interpreting supervisory guidance, including examination manuals, advisory bulletins, and policy statements, to ensure examination approaches and findings align with FHFA policies and procedures; AND/OR Monitoring industry and market developments to assess their impact on the safety and soundness of regulated entities and provide written analyses and recommendations to support supervisory or agency decisions.

*Audit or safety and soundness examination experience strongly desired.

Commissioned examiners strongly encouraged to apply* **Failure to provide your transcripts, when required, for any of the options above will remove you from the hiring process** 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. Major Duties:

Division of FHLBank Regulation The Division of FHLBank Regulation (DBR) is responsible for carrying out the FHFA's statutory duties for ensuring that: 1) the Federal Home Loan Banks (FHLBanks) and the Office of Finance (OF) operate safely and soundly, and 2) the FHLBanks remain adequately capitalized.

These functions are performed through on-site examinations and off-site monitoring of the FHLBanks and the OF.

DBR also is responsible for policy and regulatory analysis, formulating and planning strategic goals, and conducting and evaluating long-range projects and proposals for all Agency programs relating to the FHFA's supervision and oversight of the FHLBank System.

DBR monitors and analyzes the financial condition and performance of the FHLBanks and the market, credit, liquidity, operational, and model risks facing the FHLBanks.

DBR collects financial and other data from the FHLBanks to support the Division's regulatory, policy, supervisory, monitoring, and examination functions.

Monitoring and analysis staff participate in on-site examinations at the FHLBanks/OF and provide analyses of issues affecting the FHLBanks/OF as requested by the Deputy Director.

Position Overview The Examiner/Senior Examiner (Exam Oversight) will develop work plans and determine the scope of examination activities; participate in the assessment of the components of the CAMELSO rating system; and serve as a member of an examination team to assess emerging or embedded risks.

This position will also conduct analysis contributing to the conclusion about the Regulated Entities and the OF's financial condition, overall safety and soundness, and degree of compliance with statutory and regulatory requirements; and assist in identifying risk areas within the Regulated Entities and the OF.

Areas of examination include, but are not limited to governance, market risk, credit risk, operational risk, liquidity risk, capital management, earnings, model risk, derivatives, information technology, risk-assessment processes, accounting, auditing, and other work program areas.

Major Duties & Responsibilities The Examiner/Senior Examiner (Exam Oversight) 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: Assist in the development of examination strategies, work plans, and in determining the scope of examination activities to develop new or adapted work methods and procedures as needed.

Participate and may lead in the assessment of the components of the CAMELSO rating system. Serve as a member of an examination team to identify emerging and/or embedded risks.

Use technical capability to conduct examinations. Analyze, evaluate, and report the financial performance and risks of the Regulated Entities and the OF.

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 according to prescribed FHFA regulatory and supervisory policy and program guidelines and standards.

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.

Maintain an expert knowledge of issues, trends, and advances in risk management and risk-based examinations of large, complex financial institutions.

Provide FHFA management with advice on advances in examination management of practices and risk-based examination procedures and make recommendations for the enhancement of the examination program.

Draft written reports including evaluative commentaries appropriate to the operations being examined.

Document examination findings through a combination of source documents, report comments and other examination workpapers that address both management practices and condition.

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. Perform other duties as assigned.