Financial Analyst

Washington, D.C
Dec 08, 2022
Dec 10, 2022
Full Time

The Office of Capital Policy is responsible for developing regulatory capital policy for Fannie Mae and Freddie Mac ("the Enterprises"), providing oversight of regulatory capital processes such as Dodd-Frank Act Stress Tests (DFAST), providing oversight of capital and liquidity standards for the Enterprises' primary mortgage insurer and seller/servicer counterparties, developing and maintaining mortgage credit models, and monitoring the business activity, financial performance, and risk exposure of the Enterprises to support regulatory capital policy. The Office of Capital Policy also provides quantitative analytical support for FHFA decisions on housing finance policy and assessments of the safety and soundness of the regulated entities.

Incumbent selected will work in the Enterprise Supervisory Stress Testing Branch. This branch strives to ensure that the Enterprises can serve as a reliable source of liquidity and funding for the housing finance market throughout the economic cycle by utilizing a forward-looking quantitative evaluation of Enterprise capital. This branch develops, coordinates, and manages the construction and implementation of a supervisory stress test in support of FHFA's Enterprise Regulatory Capital Framework.

Financial Analyst will perform the following duties:
  • Conduct financial stress testing of large financial institutions with a particular focus on applying stress tests to the Enterprises.
  • Compiles and analyzes financial data and risk metrics to assess the condition and performance of the regulated entities.
  • Assist with the development and maintenance of quantitative models such as mortgage credit models and stress test models.
  • Monitors, reviews, and evaluates developments occurring within the financial markets or with other financial institutions.
  • Validates and reconciles financial and mortgage loan data from the regulated entities and external sources.
  • Conducts and contributes to special projects related to the regulated entities' financial performance in multiple areas.
  • Develops information papers and documents in support of policy positions and participates in developing recommendations for the enhancement of the program.
  • Assists in the development of office strategies and work plans and determining the scope of work activities.
  • Works collaboratively with colleagues within and external to the office on projects or working groups.
  • Communicates analyses and conclusions to colleagues/management in the office.
  • Proactively explores alternative approaches to analyses/reports independently or through discussions with colleagues or supervisor.
  • Produces reports that show a steady progression of improvement in discussion, metrics, and format.
  • Represents the office in meetings and discussions with financial analysts and staff of other agencies, the regulated entities, private organizations, or banking regulatory agencies.
  • Contributes to presentations of analysis to FHFA management, colleagues, other FHFA offices, and the regulated entities, and provides support to senior financial analysts preparing presentations. Provides analysis and information in support of agency testimony or other publicly released information.
  • The incumbent may work closely with senior staff and other analysts on completion of analyses or presentations in support of housing policy development and goals.


Conditions of Employment

  • Must be a U.S. Citizen or National
  • Males born after 12-31-59 must be registered for Selective Service
  • Suitable for Federal employment, as determined by background investigation
  • May be required to successfully complete a probationary period
  • Only experience and education obtained by the closing date of this announcement will be considered.
  • Resume and supporting documents (See How To Apply)


Qualifying experience for the EL/GS-12 level includes one year of specialized experience equivalent to the EL/GS-11 which is in or directly related to the line of work of the position to be filled, and has equipped the applicant with the knowledge, skills, and abilities to perform the duties of the position successfully.

Examples of specialized experience include the following:
  • Knowledge of regulatory capital standards for large financial institutions.
  • Experience related to stress testing, financial model development and/or regulatory capital standards development.
  • Experience with financial modeling or analyzing capital policy issues, and in providing analyses to senior management
  • Experience using Tableau, SAS, MATLAB, Polypaths, QRM, or STATA to analyze performance of a financial institution
  • Experience conducting quantitative and qualitative research to address a problem or issue of concern
  • Knowledge of approaches to modeling credit, market, and operational risks, specifically with the applicability of different modeling approaches to the Enterprises' exposures and risks.

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.


This job does not have an education qualification requirement.

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: .

Males born after 12-31-59 must be registered or exempt from Selective Service (see ).

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; and, (3) submit the appropriate documentation to support your CTAP or ICTAP eligibility. For more information visit: .

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.

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
  • #711 - TTY

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

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