The position of Senior Vice President of the Office of Securities Operations (SVP-OSO) is located within Ginnie Mae and reports to the Executive Vice President & Chief Operating Officer (EVP/COO). The incumbent is responsible for directing Ginnie Mae's day-to-day back-office functions necessary to administer Ginnie Mae's mortgage-backed securities (MBS) program. Primary back-office functions include issuance of new securities; collection of pool factors' timely and accurate payments to security holders; collection, processing and analyses of monthly pool and loan level accounting reports; daily, weekly, and monthly disclosures on outstanding Ginnie Mae securities; transfer of mortgage servicing rights; transfer of security ownership; and collection of monthly guaranteed fees. In addition, it works closely with the other six Ginnie Mae Program offices in implementing new programs and products.
Primary areas of responsibility of the Senior Vice President of the Office of Securities Operations are to set the strategic direction for and administer all day-to-day back-office functions in support of Ginnie Mae's mortgage-backed securitization platform; and establish the vision for and direct the broad strategies that drive Ginnie Mae's multi-year transformation and modernization initiative. More specifically, responsibilities include:
-Manage the people, processes, and budget responsibilities associated with Ginnie Mae's bond administration functions of its MBS program. The bond administration functions consist of meeting the timely and accurate monthly reporting cycles for the new MBS pool issuance, MBS pool factor updates, securities data disclosure, and investor remittance activities. Currently, the monthly bond administration activities amount to over $38 billion in new MBS pool issuance, reporting on over 775,000 MBS pools, disclosing loan and pool level information on over 11.4 million loans, and processing over $27.5 billion in monthly investor remittances. Ginnie Mae's bond administration functions are deemed "vital functions" by the United States Department of Treasury.
-Define business and operational plans in collaboration with Ginnie Mae Program Offices to meet evolving business initiatives. These multi-year business transformation initiatives with a budget in excess of $100 million consists of the complete systems modernization of the MBS processing functions. All project management functions are controlled by the SVP-OSO to assure the development of requirements, specifications, business validation testing, and implementation of systems interfaces with MBS Issuers, Servicers (including Servicers, Sub-servicers), Document Custodians, MBS Dealers, Paying Agent and Securities Trustees. The business transformation is enabled by digital transformation capabilities.
-Manage, control, and evaluate performance of the external contractors aligned with the bond administration functions. These functions are supported by three significant contractors and several sporting contractors. The three significant contracts are the Pool Processing Agent, MBS Administrator, and Paying Agent. The annual budget of these three contracts is now approximately $90 million. The SVP-OSO will be responsible for the budget, authorization of contractor payments, and for the development of the scope, responsibilities and contract values associated with the Federal Acquisition Regulation for re-competing these contracts.
-Lead and manage the Office of Securities Operations (OSO), which has responsibility for the Operations Division, Program Administration Division and other supporting functions. Currently the OSO program office consists of 24 professional staff aligned with the bond administration, project management, and contract management responsibilities described above. The SVP-OSO will ensure that the OSO staff achieves high standards for productivity and timely performance measures associated with the Program Offices' mission
Perform other duties as assigned.RequirementsConditions of Employment
QualificationsCurrent or Former Political Appointees:
- U.S. Citizenship is required.
- Ability to complete personnel security vetting (e.g., investigation, evaluation, and adjudication).
- A one-year probationary period is required, if not previously completed.
- Males must be registered with the Selective Service System. Visit www.sss.gov
- Will be required to submit a Public Financial Disclosure Report (OGE Form 278e).
- Will be required by PL 104-134 to have federal payments made by direct deposit.
The Office of Personnel Management (OPM) must authorize employment offers made to current or former political appointees. If you are currently, or have been within the last five (5) years, a political Schedule A, Schedule C, Noncareer SES or Presidential Appointee employee in the Executive Branch, you must disclose this information on your resume and to the Human Resources Office.
As a basic requirement for entry into the SES, applicants must provide evidence of progressively responsible executive leadership and supervisory experience that is indicative of senior executive level managerial capability. This experience should be sufficiently broad in scope and at a major management level in a large or complex organization. The ideal candidate will have experience supervising many employees through subordinate supervisors and have experience hiring, developing, and evaluating employees. Typically, experience of this nature is at the GS-15 or equivalent level in the federal service or its equivalent in the private sector.
Your application should demonstrate that you possess the knowledge, skills, and abilities to successfully fulfill responsibilities inherent in SES positions such as:
- Leading the work of an organizational unit
- Ensuring the success of one or more specific major programs or projects
- Monitoring progress toward strategic organizational goals, evaluating organizational performance and taking action to improve performance
- Supervising the work of employees, developing policy and other executive functions
If your experience does not include these basic qualifications, you will not be determined qualified for this position.YOU MUST FULLY ADDRESS EACH MTQ AND ECQ TO BE RATED FOR FURTHER CONSIDERATION.
Current or former career SES employees, or OPM/QRB Candidate Development Program (CDP) candidates are not required to address the ECQs, but MUST fully address the MTQs.
In addition to the qualifying experience, applicants must possess the following technical qualifications that represent the knowledge, skills, and abilities essential to perform the duties and responsibilities of the position.
MANDATORY TECHNICAL QUALIFICATIONS (MTQs): All applicants must submit a written narrative addressing each MTQ separately, not to exceed one (1) page per MTQ. You must fully address each MTQ to be rated for further consideration.MTQ 1
- Demonstrated experience developing and implementing systems development plans required to support Ginnie Mae's transformation & modernization initiative.MTQ 2
- Demonstrated experience managing processes, and budget responsibilities associated with Ginnie Mae's bond administration functions of its MBS program.MTQ 3
- Demonstrated experience keeping abreast of emerging technologies and data strategies that can support operational issues facing the mortgage and securities industries as well as advances taking place in the industries.EXECUTIVE CORE QUALIFICATIONS (ECQs): All applicants must submit a written narrative addressing each ECQ, not to exceed two (2) pages per ECQ for a total of no more than 10 pages. You must fully address each ECQ to be rated for further consideration. Current or former career SES employees, or OPM/QRB Candidate Development Program (CDP) candidates are not required to address the ECQs.
The Office of Personnel Management (OPM) has identified five Executive Core Qualifications (ECQs). The ECQs were designed to assess executive experience and potential - not technical expertise. They measure whether an individual has the broad executive skills needed to succeed in a variety of SES positions - not whether they are the most superior candidates for a particular position. Successful competence in the SES requires competence in each ECQ. Candidates must demonstrate executive experience in all five (5) ECQs. Your application should reflect an overall record of the knowledge, skills and abilities necessary to succeed in the SES.
Examples of good qualifications statements and the use of the C-C-A-R model (Challenge/Context/Action/Results), the preferred method of writing your ECQs, is provided in OPM's Guide to SES Qualifications .Format:
For each of the five ECQs, provide two examples of your qualifications using the four C-C-A-R elements.1. Challenge
- Describe a specific problem or goal.2. Context
- Talk about the individuals and groups you worked with, and/or the environment in which you worked to tackle a particular challenge (e.g., clients, co-workers, members of Congress, shrinking budget, low morale).3. Action
- Discuss the specific actions you took to address a challenge.4. Results
- Give specific examples of the results of your actions. These accomplishments demonstrate the quality and effectiveness of your leadership skills.NOTE:
Your responses to the five ECQs must describe the context and the results of your achievements in lay terminology, free of jargon and excessive reliance on acronyms.ECQ 1 - LEADING CHANGE -
This core qualification involves the ability to bring about strategic change, both within and outside the organization, to meet organizational goals. Inherent to this ECQ is the ability to establish an organizational vision and to implement it in a continuously changing environment . (Leadership Competencies: creativity and innovation, external awareness, flexibility, strategic thinking and vision). ECQ 2 - LEADING PEOPLE -
This core qualification involves the ability to lead people toward meeting the organization's vision, mission, and goals. Inherent to this ECQ is the ability to provide an inclusive workplace that fosters the development of others, facilitates cooperation and teamwork, and supports constructive resolution of conflicts. (Leadership Competencies: conflict management, leveraging diversity, developing others and team building). ECQ 3 - RESULTS DRIVEN -
This core qualification involves the ability to meet organizational goals and customer expectations. Inherent to this ECQ is the ability to make decisions that produce high-quality results by applying technical knowledge, analyzing problems, and calculating risks. (Leadership Competencies: accountability, customer service, decisiveness, entrepreneurship, problem solving and technical credibility). ECQ 4 - BUSINESS ACUMEN -
This core qualification involves the ability to manage human, financial, and information resources strategically. (Leadership competencies: financial management, human capital management and technology management). ECQ 5 - BUILDING COALITIONS -
This core qualification involves the ability to build coalitions internally and with other Federal agencies, State and Local governments, nonprofit and private-sector organizations, foreign governments, or international organizations to achieve common goals. (Leadership Competencies: partnering, political savvy and influencing/negotiating).
Detailed information on the Executive Core Qualifications is available here.
Should you require additional guidance in writing your ECQs, please click below: ECQ Template Education
This job does not have an education qualification requirement. Additional information
The U.S. Department of Housing and Urban Development strives to ensure that the public perceives HUD as a fair and equitable agency that administers its programs in an objective and impartial manner. As such, HUD is committed to its government ethics program which advises employees on applicable ethics laws and regulations designed to protect the agency against real and apparent conflicts of interest.As a federal employee, you will be subject to the Standards of Ethical Conduct, and the U.S. criminal conflict of interest statutes. As a HUD employee, you will also be subject to the HUD Supplemental Ethics Regulations which includes restrictions on working in a real estate related business, and having Section 8 tenants, along with other prohibited interests and outside activities and employment. To review applicable ethics rules, including HUD specific rules, please visit https://portal.hud.gov/hudportal/HUD?src=/program_offices/general_counsel/ethics .
Depending on your position, you may also be required to file a Public Financial Disclosure Report ( OGE Form 278e ) within 30 days of your appointment. Upon your new appointment, you will receive guidance regarding your ethics obligations. You will also be required to attend a mandatory ethics training within 3 months of your appointment. If you have any questions or concerns about the ethics requirements, please contact the Ethics and Appeals Division at email address: EthicsLawDivision@hud.gov