Duties

Financial Analysis Branch

The Financial Analysis Branch (FAB) conducts financial analysis of the FHLBanks and FHLBank System. FAB supports DBR's examination function primarily with respect to the capital and earnings modules of each examination. FAB prepares and distributes periodic products which include annual profiles of each FHLBank and monthly performance reports. The branch's functions also include financial reconciliations, strategic plan reviews, and pre-exam division presentations. The group continues to advance its analysis by implementing core earnings measures and working with the FHLBanks to develop profitability by product line reporting.

The incumbent analyzes the models used by the FHLBank to determine their adequacy, and back testing, and/or benchmarking to determine model performance, or other analysis as needed. The Financial Analyst will participate in examinations and/or off-cycle visits to those institutions if requested by the examination team. Examination work includes but is not limited to drafting pre-exam scoping memoranda, working closely with examination staff, interviewing staff and management of the regulated entities, and drafting findings memos and work papers. Where appropriate, the incumbent will give presentations outlining his/her analysis.

The Financial Analyst will evaluate the financial condition and performance and/or models used by the Banks, including but not limited to credit risk models. The incumbent will regularly monitor, evaluate and report the financial condition and performance of regulated entities to which he/she is assigned, and will conduct examination and/or research projects as assigned. The incumbent will review related policies and procedures documents to specific risk area assigned. The incumbent will collect validate, transform, and analyze data from the regulated entities using a variety of tools such as Microsoft Excel and Stata to organize data and support technical conclusions.

The incumbent will participate in the research and identification of emerging risks in the FHLBank System, especially those related to financial performance and/or credit risk. This responsibility requires developing and maintaining familiarity with best practices and trends.

The incumbent will participate in other economic or financial research or banking projects that are key to the DBR's overall supervisory program. H/she will work with teams consisting of other financial analysts, economists, and examiners.

The incumbent will, when requested by the examination team, visit the regulated entity to conduct or participate in meetings with staff and management of the regulated entity.

The incumbent will write reports containing his/her conclusions supported by analysis and data. When appropriate, the Analyst will give oral presentations conveying his/her conclusions.

The incumbent will support the preparation of written policies, procedures, and manuals developed by FAB to document assumptions, methodologies, and procedures used for generating standardized reports.

If requested, the incumbent will assist in the analysis of financial performance by participating in the analyses of monthly and quarterly financial reports.

Requirements

Conditions of Employment

• Status Candidates (Merit Promotion and VEOA Eligibles) and those eligible for other hiring authorities.
• ***SF 50's are now required with the exception of current FHFA employees. Please include one showing your tenure and competitive status. You will not be considered without this.
• Males born after 12-31-59 must be registered for Selective Service
• May be required to successfully complete a probationary period
• Only experience and education obtained by the closing date of this announcement will be considered.
• Status candidates must meet time-in-grade requirements (52 weeks at the next lower grade level).
• Suitable for Federal employment, as determined by background investigation
• Resume and supporting documents (See How To Apply)

Qualifications

Current or former Federal government employees who have held an EL/GS position in the preceding 52 weeks, must meet the time-in-grade requirement. To be eligible for the EL-11 position, applicants must have served 52 weeks as an EL/GS-09 or higher in the Federal Service. To be eligible for the EL-09 position, applicants must have served 52 weeks as an EL/GS-07 or higher in the Federal Service.

Qualifying experience for the EL/GS 11 level includes one year of specialized experience at least equivalent to EL/GS-09 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.

Education: PhD in Finance, Accounting, Business Analytics, Economics, Applied Economics, Financial Economics, Financial Forecasting or related degree
.
Or- see the specialized experience below.

Qualifying experience for the EL/GS 09 level includes one year of specialized experience at least equivalent to EL/GS-07 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.

Education: Master's degree in Finance, Accounting, Business Analytics, Economics, Applied Economics, Financial Economics, Financial Forecasting or related degree.

Or the specialized experience below.

Assisted in monitoring, evaluating, and reporting on the financial condition and performance of the FHLBanks.

Assisted in or produced regularly scheduled output such as pre-exam reports, presentations, and annual profiles of the FHLBanks.

Participated in the research and identification of significant and emerging risks in the FHLBank System, especially those related to financial performance, financial reporting, and forecasting.

Conducted ad hoc financial analysis pertaining to the financial viability of FHLBanks with declining advance balances.

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.

Education

ARE YOU USING YOUR EDUCATION TO QUALIFY? You MUST provide transcripts or other documentation to support your educational claims. Unless otherwise stated: (1) official or unofficial transcripts are acceptable, or (2) you may submit a list with all of your courses, grades, semester, year, and credit for the course. All materials must be submitted by the closing date of the announcement.

GRADUATE EDUCATION: One academic year of graduate education is considered to be the number of credits hours your graduate school has determined to represent one academic year of full-time study. Such study may have been performed on a full-time or part-time basis. If you cannot obtain your graduate school's definition of one year of graduate study, 18 semester hours (or 27 quarter hours) should be considered as satisfying the requirement for one year of full-time graduate study.

FOREIGN EDUCATION: If you are using education completed in foreign colleges or universities to meet the qualification requirements, you must show the education credentials have been evaluated by a private organization that specializes in interpretation of foreign education programs and such education has been deemed equivalent to that gained in an accredited U.S. education program; or full credit has been given for the courses at a U.S. accredited college or university. For further information, visit: http://www.ed.gov/about/offices/list/ous/international/usnei/us/edlite-visitus-forrecog.html

Additional information

If you are a veteran with preference eligibility and are claiming 5-points veterans' preference, you must submit a copy of your DD-214 or other proof of eligibility. If you are claiming 10-point veterans' preference, you must also submit an SF-15, "Application for 10-Point Veterans' Preference" plus the proof required by that form. For more information on veterans' preference visit: https://www.usajobs.gov/Veterans .

Males born after 12-31-59 must be registered or exempt from Selective Service (see https://www.sss.gov/RegVer/wfRegistration.aspx ).

Career Transition Assistance Programs: These programs apply to employees who have been involuntarily separated from a Federal service position within the competitive service or Federal service employees whose positions have been deemed surplus or no longer needed. To receive selection priority for this position, you must: (1) meet CTAP or ICTAP eligibility criteria; (2) be rated well-qualified for the position with a score of 90 or above; and, (3) submit the appropriate documentation to support your CTAP or ICTAP eligibility. For more information visit: http://www.opm.gov/rif/employee_guides/career_transition.asp .

FHFA is an Equal Opportunity Employer and all qualified applicants will receive consideration for employment regardless of race, color, religion, gender (including pregnancy, sexual orientation, and gender identity), national origin, disability (physical or mental), age (40 years of age or over), genetic information, parental status, marital status, prior protected EEO activity, political affiliation, or other non-merit factors.

REASONABLE ACCOMODATION:

FHFA provides reasonable accommodations to applicants with disabilities, except when doing so would pose an undue hardship on the Agency. If you need a reasonable accommodation for any part of the application and hiring process, please notify FHFA. The Agency's decision on granting a reasonable accommodation will be made on a case-by-case basis.

• (202) 649-3963
• (800) 877-8339 TTY
• reasonableaccommodations@fhfa.gov

Ethics: FHFA employees are subject to government-wide ethical standards of conduct, financial disclosure requirements, and post-employment prohibitions. In addition, certain FHFA employees are prohibited from accepting compensation from Fannie Mae and Freddie Mac for a two-year period after terminating employment with FHFA. Furthermore, to avoid financial conflicts-of interest or the appearance of conflicts-of-interest, FHFA employees may need to divest or sell certain assets they, their spouse, or minor children own or control, including securities issued by Fannie Mae, Freddie Mac, or the Federal Home Loan Banks. Employees who work on Federal Home Loan Bank issues may need to sell or divest financial interests with any of the Federal Home Loan Bank members, which may include stock in bank holding companies, insurance companies, and other financial services firms. Questions regarding these requirements and prohibitions should be directed to the Office of General Counsel at (202) 649-3088.

Noncompetitive Appointment Authorities: For more information on noncompetitive appointment authority eligibility requirements:

• Persons with Disabilities-Schedule A
• Special Hiring Authorities for Veterans
• Special Hiring Authority for Certain Military Spouses
• Other Special Appointment Authorities