Director Counterparty Risk presso Department of Housing and Urban Development

Not Required

Duties

As a Director Counterparty Risk, you will: -Serve as the Director of the Counterparty Risk Analysis Division and is responsible for driving the development and oversight of Ginnie Mae counterparty risk management policy in conjunction with the Office of Strategic Planning, Policy and Communications ("OSPPC") and technical functions. - Serve as coach and mentor to team members and provide or arrange cross-training and professional development. innovations, particularly as they relate to counterparty credit risk management, and to collaborate in the development of major policy recommendations uniquely suited to the Ginnie Mae business model. - 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 performance of Ginnie Mae Issuers of federally backed mortgage securities; determine the financial health and continuity of the issuing financial organizations; identify troubled institutions; and, contribute to the development of remediation workout plans that minimize the occurrence of credit defaults. Making a Difference: HUD's Mission HUD's mission is to create strong, sustainable, inclusive communities and quality affordable homes for all. HUD is working to strengthen the housing market to bolster the economy and protect consumers; meet the need for quality affordable rental homes; utilize housing as a platform for improving quality of life; build inclusive and sustainable communities free from discrimination and transform the way HUD does business. This position is located in the Government National Mortgage Association (Ginnie Mae), Office of Enterprise Risk (EFR), Counterparty Risk Division. Ginnie Mae is a wholly owned government corporation created to help expand homeownership opportunities for low and moderate-income Americans, by linking global capital markets to the nation's housing markets. The Counterparty Risk Analysis Division has responsibility for the approval of Issuers, master sub-servicers and other counterparties that enter into business relationships with Ginnie Mae.

Requirements

The official duty station for this position will be in Washington, District of Columbia. Failure to report to duty at this location may be grounds for a disciplinary action, including removal. Key Requirements: Must be U.S. Citizen or U.S. National. A one year probationary period may be required. Continued employment is contingent upon supervisory certification that continued employment will benefit the Federal Service; the certification will occur no less than 30 days before the end of the probationary/trial period. A one year supervisory or managerial probationary period may be required. Must successfully complete a background investigation. Public Trust - Background Investigation will be required. Complete a Declaration for Federal Employment to determine your suitability for Federal employment, at the time requested by the agency. Have your salary sent to a financial institution of your choice by Direct Deposit/Electronic Funds Transfer. If you are a male applicant born after December 31, 1959, certify that you have registered with the Selective Service System or are exempt from having to do so. Go through a Personal Identity Verification (PIV) process that requires two forms of identification from the Form i-9. Federal law requires verification of the identity and employment eligibility of all new hires in the U.S. Obtain and use a Government-issued charge card for business-related travel. Please refer to "Additional Information Section for additional Conditions of Employment."

Qualifications

You must meet the following requirements by the closing date of this announcement. Specialized Experience: For the GS-15 grade level, you must have one year (52 full weeks) of specialized experience at a level of difficulty and responsibility equivalent to the GS-14 grade level in the Federal service. 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 policies.; 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. Experience may have been gained in either the public, private sector or volunteer service. One year of experience refers to full-time work; part-time work is considered on a prorated basis. To ensure full credit for your work experience, please indicate dates of employment by month/day/year, and indicate number of hours worked per week on your resume. Please limit your résumé to 2 pages. If more than 2 pages are submitted, your resume will still be accepted; however, only the first 2 pages will be reviewed and considered for qualifications and eligibility determination in whether or not the minimum qualifications for the position have been met.

Other Information

OTHER INFORMATION: We may select from this announcement or any other source to fill one or more vacancies. Relocation expenses will not be paid. Relocation incentive will not be paid. Recruitment incentive will not be paid. This is a non-bargaining unit position. This position is Exempt from the Fair Labor Standards Act (FLSA). HUD offers alternative and flexible work schedules. This announcement may be used to fill additional vacancies for similar positions across HUD. During the online application process, you will be asked to specify if you would like your application information shared with other hiring managers in the Program Office listed in this announcement or in other HUD Program Offices. Opting to share your application information will not impact your application for this announcement, nor will it guarantee further consideration for additional positions. CONDITIONS OF EMPLOYMENT (CONTINUED): HUD employees are subject to a number of government-wide and HUD specific ethics laws and regulations, including restrictions on working in a real estate related business, and having Section 8 tenants, along with other prohibited interests and activities. To review applicable ethics rules and HUD specific restrictions, please visit https://portal.hud.gov/hudportal/HUD?src=/program_offices/general_counsel/ethics.