Supervisory Counterparty Risk Analyst

IMPORTANT NOTE:

Please refer to the included URL, to apply for this position in USAJobs.com.

https://www.usajobs.gov/GetJob/ViewDetails/796961300

Comment

This opportunity is also open to Status eligible under Announcement 24-HUD-1738. Please refer to that announcement for details on open period, eligibility, and how to apply.

Summary

The position is located in the Department of Housing and Urban Development (HUD), Government National Mortgage Association (GNMA), Office of Enterprise Risk (OER) within the Government National Mortgage Association (Ginnie Mae). HUD is seeking highly qualified individuals who are willing to meet the challenges of public service and support our mission. We offer salaries comparable to the private sector service and a generous benefits package. We also offer a broad array of program activities to develop your career, such as: networking and training opportunities. At Housing and Urban Development, you'll have a once-in-a-lifetime opportunity to gain insight into housing policy and community development. Also, you can explore new career avenues and most of all, acquire lifelong skills as you represent the federal government. The GNMA or Ginnie Mae is the primary financing mechanism for all government-insured or government mortgage loans.

Overview

• Opening and closing dates 06/25/2024 to 07/09/2024
• Service: Competitive
• Pay scale & grade: GS-15
• Appointment type: Permanent
• Work schedule: Full-Time

Location

1 vacancy in the following location:

• Washington, DC

Relocation expenses reimbursed: No

Telework eligible: Yes as determined by agency policy

Responsibilities

As a/an Supervisory Counterparty Risk Analyst, you will:

• Plan, organize, and direct major policy initiatives, projects, studies, and analyses of capital issues, including capital assessments of products, activities and portfolios.
• 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 capital health of IMBs.
• Serve as a supervisor and an advisor to team members and oversees the development, coordination, and monitoring of training.
• Create, maintain, and update counterparty capital policies for IMBs, including developing exceptions or alternatives for managing program risk and carrying out the risk management program once approved.

Qualifications

You must meet the following requirements by the closing date of this announcement.

Specialized Experience:

To be qualified for this position at the GS-15 level, you must have at least one year of specialized experience equivalent to the GS-14 level that has equipped you with the particular knowledge, skills, and abilities to perform successfully the duties of the position, and that is typically in or related to the work of the position to be filled.

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 polices.; OR
• Developing counterparty capital requirements., 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.

About Us

At Ginnie Mae, we help make housing a reality for millions of households across America and veterans by channeling global capital into the nation's housing markets. Specifically, the Ginnie Mae guaranty allows mortgage lenders to obtain a better price for their mortgage loans in the secondary mortgage market. The lenders can then use the proceeds to make new mortgage loans available. Ginnie Mae does not buy or sell loans or issue mortgage-backed securities (MBS). Therefore, Ginnie Mae's balance sheet doesn't use derivatives to hedge or carry long term debt. What Ginnie Mae does is guarantee investors the timely payment of principal and interest on MBS backed by federally insured or guaranteed loans — mainly loans insured by the Federal Housing Administration (FHA) or guaranteed by the Department of Veterans Affairs (VA). Other guarantors or issuers of loans eligible as collateral for Ginnie Mae MBS include the Department of Agriculture's Rural Development (RD) and the Department of Housing and Urban Development's Office of Public and Indian Housing (PIH). Ginnie Mae securities are the only MBS to carry the full faith and credit guaranty of the United States government, which means that even in difficult times, an investment in Ginnie Mae MBS is one of the safest an investor can make.