Chief Risk Officer (Director of Risk Management)

Employer
USAJobs
Location
McLean, Virginia
Posted
Jun 10, 2021
Closes
Jun 18, 2021
Function
Executive, Chief
Hours
Full Time
Duties

Summary

The FCSIC Chief Risk Officer is a member of our senior management team supporting FCSIC's role as the Federal insurer of over $330 billion of debt securities and the management and investment of a $5.6 billion insurance fund. This position reports to the Chief Operating Officer and interacts with the FCSIC Board of Directors, Farm Credit System officials, Treasury, FDIC, NCUA and other Federal officials, consultants, actuarial advisors, and public accounting firms.
Learn more about this agency

Responsibilities

As the Chief Risk Officer (Director of the Risk Management Division),you will be responsible for evaluating the risks posed to the FCSIC Insurance Fund by institutions of the Farm Credit System (FCS or System) and other sources. These risks include credit risk, operational risk, liquidity risk, cyber risk, strategic risk, concentration risk, political risk and anything else that may impact repayment of insured debt. Your work will include establishing standards and procedures to identify and quantify current and potential risks and ensuring issues affecting FCSIC are considered in decision-making processes. You will frequently work across traditional organization boundaries with other members of senior management to develop and achieve mission and operational related goals, policies, procedures and program plans.

You will also exercise general supervision and control over the resolution of troubled Farm Credit System institutions. This may include granting assistance, conducting receiverships or conservatorships and the management of bridge banks. You will also oversee the investment of FCSIC's $5.6 billion Insurance Fund through supervision of the Chief Investment Officer and serving as a member of FCSIC's Investment Committee.

Specific duties include:
  • Developing, implementing and managing a program for assessing and monitoring risks to the Farm Credit System Insurance Fund posed by Farm Credit System institutions, conditions in agriculture, financial markets, the general economy and other sources;
  • Maintaining a system that monitors, reporting on and making recommendations to address the insurance risk posed by troubled or failing institutions;
  • Monitoring operating trends in institutions and making recommendations to the Chief Operating Officer (COO) and FCSIC Board for corrective actions to address adverse trends;
  • Overseeing the preparation of FCSIC's Quarterly Allowance for Loss and Insurance Risk Analysis Report. This key report is used both internally and externally to evaluate the health of the Insurance Fund;
  • Developing and maintaining policies and procedures for providing technical guidance and financial assistance to insured banks;
  • Overseeing the Chief Investment Officer and Asset Assurance Manager;
  • Serving as a voting member of the FCSIC Investment Committee overseeing the $5.6 billion investment portfolio;
  • Overseeing the operation of FCSIC's Dynamic Capital Adequacy Test model used to evaluate the sufficiency of the FCSIC Insurance Fund;
  • Serving as FCSIC's Chief Data Officer, overseeing FCSIC's (limited) data resources
  • Advising and informing the COO, Chairman, and other agency leaders on risk management matters, and promoting the consideration of risk management factors in budgetary, operational, and strategic decision-making; and
  • Representing FCSIC at conferences, training events and in interactions with senior level representatives of external entities.


Travel Required

Occasional travel - You may be expected to travel up to 5% of the time for this position.

Supervisory status
Yes

Promotion Potential
43

Requirements

Conditions of Employment

  • Must be a U.S. citizen.
  • One year probationary period, unless previously served.
  • One year supervisory or managerial probationary period, unless previously served.
  • Suitability for Federal employment, as determined by a background investigation.
  • Submission of financial disclosure report may be required.
  • Males born after 12-31-59 must be registered for Selective Service.


Qualifications

You may qualify at the VH-43 (Senior Executive Service equivalent) band level if you have one year of specialized experience equivalent to the VH-41 (GS-15) band level in the Federal service. Specialized experience is experience that has equipped you with the knowledge, skills, and abilities to perform successfully the duties of the position.

Specialized experience for this position includes:
  • Experience performing executive management functions in the Federal government or in areas related to insurance, credit, or financial regulatory programs, agricultural or financial economics or financial institution management.
  • Experience leading the development and implementation of risk assessment and management mechanisms or providing guidance and oversight on an organization's approach to assessing and managing risk.
  • Experience representing an organization, internally and externally, in engagements with senior level representatives of other organizations/agencies.

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

There is no substitution of education at the VH-43 band level; an applicant must meet the specialized experience to qualify.

Additional information

Only experience and education obtained by the closing date of this announcement will be considered.
  • All FCSIC employees are subject to the conflict of interest laws and Standards of Ethical Conduct imposed upon all employees of the Executive Branch of the Federal Government and may be required to file a Financial Disclosure Report.
  • FCSIC's supplemental ethics regulations restrict certain FCSIC employees concerning their direct or indirect interests in, or connections with, Farm Credit System institutions. These rules also require all employees to obtain approval for outside employment or business activities. Please contact the HR Division for additional information on these rules.
  • FCSIC uses E-Verify to confirm the employment eligibility of all newly hired employees.
  • This announcement may be used to fill additional vacancies if openings in the same series and grade occur.
  • This position is also advertised for non-competitive and status eligible candidates. If you would like to be considered under both merit promotion (MP) and delegated examining (DE) procedures, you must apply to both announcements.


How You Will Be Evaluated

You will be evaluated for this job based on how well you meet the qualifications above.

Your resume serves as the basis for the determination of your qualifications and should highlight relevant work experience and education (if applicable) as it relates to this position. Your resume must include the following information:
  • Paid and non-paid work experience including your position title, start and end dates (month/year) of employment, average number of hours worked per week and salary;
  • Position series and grade for Federal positions;
  • Indication of the knowledge, skills and education you have that are pertinent to this position;
  • Specific duties you have performed as a regular part of your job with indications of the level of responsibility and complexity of work;
  • Names and contact information for your current and/or previous supervisor(s).

You must provide the information specified above in your resume to be considered for this position. Your resume must include enough detail to permit a valid determination that you meet eligibility and specialized experience requirements for each grade for which you are applying. Take a look at this online video for ideas on how to communicate your qualifications . If review of your resume and your responses to the self-assessment questions demonstrate that you have inflated your qualifications and/or experience, a score will be manually determined that reflects your documented experience. This may result in a lower score which may eliminate you from consideration for this position.

Your application will be evaluated and rated under Category Rating and Selection procedures. Eligible candidates will be placed in one of three pre-defined quality categories, described below. The category assignment is a measure of the degree in which your background matches the competencies required for this position.

Highly-Qualified Category: In addition to meeting minimum qualifications, applicants must fully demonstrate proficiency in all major aspects of the position.
Well-Qualified Category: In addition to meeting minimum qualifications, applicants must demonstrate proficiency in some but not all of the major aspects of the position.
Qualified Category: In addition to meeting minimum qualifications, applicants must demonstrate a basic level of knowledge, skill and ability of the position.

Your qualifications will be evaluated on the following knowledge, skills, abilities (KSAs) and other characteristics relevant to the duties of this position:
  • Financial Management
  • Financial institution or financial system risk analysis
  • Leadership
  • Oral Communication
  • Written Communication

Under category rating procedures, veterans' preference points and the "rule of three" are not applied. The rights of eligible veterans are protected by placement on the list ahead of non-preference eligibles within each pre-defined quality category. Preference eligibles who meet minimum qualification requirements and who have a compensable service-connected disability of at least 10 percent (i.e., CPS and CP) are listed in the Highly-Qualified category except when the position is being filled is scientific or professional at the VH-35 (GS-09) grade level or higher.

Agency Career Transition Assistance Program (CTAP) or Interagency Career Transition Assistance Program (ICTAP) candidates must be rated "Well Qualified" for the position to receive priority consideration.

Background checks and security clearance

Security clearance
Other

Drug test required
No

Position sensitivity and risk
Moderate Risk (MR)

Trust determination process
Suitability/Fitness

Required Documents

You must provide a complete Application Package through USAJOBS that includes your resume, responses to the Applicant Questionnaire and supporting documentation:
  • Current Resume: All applicants must submit a current resume. See the Qualifications and Evaluation section of the announcement for details on the information required. You can use USAJOBS resume builder or upload your own resume. Need help? Get some tips from this online video on Federal resume-writing .
  • CTAP/ICTAP applicants only: If you are claiming priority consideration under CTAP or ICTAP, you must submit a) A copy of your RIF Separation Notice or Certification of Expected Separation or other documentation indicating that you are a surplus employee; b) Evidence of full performance level of current position; c) A copy of your most recent performance appraisal; and d) A copy of your most recent SF-50, Notification of Personnel Action.
  • Annual Performance Appraisal: Current and former federal employees may submit a copy of your most recent performance appraisal that includes the final rating.
  • Veterans' Preference eligibles: If you are claiming veterans' preference, you must submit a copy of your Certificate of Release of Discharge From Active Duty, DD-214 (Member Copy 2 or 4), or other official documentation from a Branch of the Armed Forces or the Department of Veteran's Affairs showing dates of service and type of discharge. If you are currently on active duty, you must provide an official statement of service from your command/unit which states the date you entered active duty, expected discharge type and date, and campaign medals you have received OR other official documentation (e.g., documentation of receipt of a campaign badge or expeditionary medal) that proves your military service was performed under honorable conditions. If the appropriate information is not submitted to confirm your discharge status, dates of service, etc., you will not receive credit for the claimed active duty military service.
  • 10-point Preference Eligible Veterans: If you are claiming Veterans' Preference based upon a Compensable Disability, Widow or Spouse Entitlement, or as a Purple Heart recipient, you must submit your DD-214 (Member Copy 2 or 4) AND documentation to support your status, e.g., Department of Veterans Affairs letter dated 1991 or later, marriage license, death certificate, etc. If you do not submit appropriate or adequate information to confirm your eligibility you may not receive the credit claimed.
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