Senior Vice President & Chief Risk Officer

Summary

The Department of Housing and Urban Development (HUD) is seeking highly qualified individuals who are willing to meet the challenges of public service and support our mission. Our compensation package is comparable to the private sector. And we also offer a broad array of program activities to develop your career, such as: networking and training opportunities. At HUD, you'll have a once-in-a-lifetime opportunity to gain insight into federal housing policy and community development.

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Duties

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This position is located in the Office of Enterprise Risk, Government National Mortgage Association (Ginnie Mae) and serves as Senior Vice President & Chief Risk Officer (CRO) of Ginnie Mae.

Ginnie Mae is a wholly owned corporate instrumentality of the United States within the Department of Housing and Urban Development (HUD).

The Office of Enterprise Risk (OER) provides the framework for risk management, identifying events or circumstances relevant to Ginnie Mae's objectives (risks and opportunities), assessing them in terms of likelihood and magnitude of impact, determining a response strategy, and monitoring progress. By identifying and proactively addressing risks and opportunities, Ginnie Mae protects and creates value for its stakeholders, including the U.S. Government, investors, lenders, issuers, homeowners, and renters.

Major Duties:

• The candidate for this position reports to the Executive Vice President (EVP) and is responsible for the risk management strategies of Ginnie Mae's MBS programs and support program offices. Combined, these program offices manage approximately $2.9 trillion in guaranteed mortgagebacked securities outstanding.
• The incumbent is responsible for Ginnie Mae's Enterprise Risk Committee, which is the CRO's primary forum for leading and coordinating executive and senior management involvement in discussions and decisions regarding enterprise risk issues. Through the Enterprise Risk Committee, the CRO ensures that Ginnie Mae has developed, and continues to maintain, a robust enterprise risk framework by establishing enterprise-wide policies and procedures for risk management throughout the organization; monitoring aggregate risk and compliance with risk policies; and delegating to program offices primary responsibility for day-to-day risk management inherent in their activities.

Through a staff of approximately 25 government employees and100 subordinate directors, managers and professional staff, the candidate:

• Directs the planning and execution of major projects, studies, and analyses of corporate risk issues and evaluates housing market conditions. The CRO formulates innovative approaches and strategies to quantify credit, market, counterparty, and operational risks. Such determinations include comprehensive coverage, identification, and resolution of major challenges and conflicts; and the recommendation and negotiation of program initiatives and formulation of innovative proposals to mitigate, address and resolve risk issues.
• Directs the independent assessment of exposure to credit, market, counterparty and operational risk across Ginnie Mae; develops risk policies to which the business areas must comply to avoid business that may be detrimental to Ginnie Mae and/or is outside of acceptable risk boundaries; identifies key business risks, monitoring compliance with risk limits, reporting exceptions and recommending the suspension of business practices detrimental to Ginnie Mae; and facilitates communications across the different business areas in order to provide senior management with an integrated, independent assessment of risk. Direct the refining of Ginnie Mae's Issuer Stress Testing framework for unregulated program participants.
• Directs significant resources in establishing policies and standards relating to the comprehensive analysis and oversight of potential, active and dormant issuers (lenders and servicers) of Ginnie Mae's mortgage-backed securities program Ginnie Mae's primary counterparty risk. Directs the ongoing management of a suite of econometric models that meet Ginnie Mae's commercial GAAP and FASAB financial reporting and risk analysis needs. Examples include: CECL; Valuation of Guarantee Assets and Liabilities; Credit Subsidy for President's Budget; Risk Based Pricing and Guarantee Fee Adequacy; and Risk Based Capital.
• Undertakes fact-finding missions and recommends procedural and substantive solutions and/or remedial actions to resolve issues; participates fully on behalf of Ginnie Mae in such issues; and prepares special risk-related reports on Ginnie Mae program matters. Carries out ongoing assignments and special projects that require close personal contact with the Office of the President so as to be able to review, expedite, coordinate, and as required, arbitrate or make high level decisions on his/her behalf; and undertakes a variety of sensitive assignments that may require contacts at the policy level with officials throughout the Department, other Federal agencies, the Congress, private industry, and/or various industry groups.

Perform other duties as assigned.

Requirements

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Conditions of employment

• Must be a U.S. Citizen or National of the United States.
• Ability to complete personnel security vetting (e.g., investigation, evaluation, and adjudication) prior to entrance on duty. Failure to obtain and maintain the required level of clearance may result in the withdrawal of a job offer or removal.
• Subject to an one-year supervisory probationary period (unless already completed).
• 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 (see
• File a Confidential Financial Disclosure Report OGE-278e within 30 days of appointment and annually from then on.
• Complete the Declaration for Federal Employment, Optional Form (OF) 306, to determine your suitability for Federal employment, at the time requested by the agency.

Qualifications

Current or Former Political Appointees: 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 senior executive service (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.

Veterans' preference: Is not applicable to positions in the Senior Executive Service.

To meet the minimum qualification requirements for this position, you must show that you possess the Executive Core Qualifications (ECQ) and Mandatory Technical Qualifications (MTQs) related to this position within your resume - NOT TO EXCEED 2 PAGES. Applications received with resumes exceeding the 2-page limit will be disqualified and will not receive further consideration .Your resume should include examples of experience, education, and accomplishments applicable to the qualification(s). If your resume does not reflect demonstrated evidence of these qualifications, you may not receive consideration for the position.

There is NO requirement to prepare narrative statements specifically addressing the Executive Core Qualifications (ECQs) or the Mandatory Technical Qualifications (MTQs).

MANDATORY TECHNICAL QUALIFICATIONS (MTQs): Your resume should demonstrate accomplishments that would satisfy these technical qualifications.

MTQ 1 : Success in using knowledge of risk management principles and practices to identify, plan and implement significant enhancements to an enterprise-wide risk management program, with particular emphasis on operational and credit risk management.

MTQ 2 : Success in planning and executing major projects, studies or analyses of emerging risk issues that resulted in the identification and implementation of new risk control practices, particularly in instances of conflicting or limited data upon which to base a recommended course of action.

MTQ 3 : Has in-depth knowledge of mortgage-backed securities programs, secondary mortgage markets and U.S. Government housing and guaranty programs; and knowledge of corporate risk and risk assessment methodologies relating to the housing finance industry, including the effects of economic turmoil and market uncertainty.

EXECUTIVE CORE QUALIFICATIONS (ECQs): In addition to the Mandatory Technical Qualification (MTQ) requirements listed above, all new entrants into the Senior Executive Service (SES) under a career appointment will be assessed for executive competency against the following five mandatory ECQs. If your two-page resume does not reflect demonstrated evidence of the ECQs and MTQs, you may not receive further consideration for the position. Review ECQ guidance in OPM Guide to Senior Executive Service Qualifications and the Qualifications Review Board.

These are the five ECQs and their competencies:

ECQ 1 - COMMITMENT TO THE RULE OF LAW AND THE PRINCIPLES OF THE AMERICAN FOUNDING: This core qualification requires a demonstrated knowledge of the American system of government, commitment to uphold Constitution and the rule of law, and commitment to serve the American people. (Competencies: Knowledge of the American System of Government, Commitment to the Rule of Law, Civic-Mindedness).

ECQ 2 - DRIVING EFFICIENCY: This core qualification involves the demonstrated ability to strategically and efficiently manage resources, budget effectively, cut wasteful spending, and pursue efficiency through process and technological upgrades. (Competencies: Fiscal Responsibility, Managing Resources, Leveraging Technology).

ECQ 3 - MERIT AND COMPETENCE: This core qualification involves the demonstrated knowledge, ability, and technical competence to effectively and reliably produce work that is of exceptional quality. (Competencies: Technical Skill, Problem Solving, Agility and Resilience).

ECQ 4 - LEADING PEOPLE: This core qualification involves the demonstrated ability to lead and inspire a group toward meeting the organization's vision, mission, and goals, and to drive a high-performance, high-accountability culture. This includes, when necessary, the ability to lead people through change and to hold individuals accountable. (Competencies: Accountability, Developing Others, Executive Judgement).

ECQ 5 - ACHIEVING RESULTS: This core qualification involves the demonstrated ability to achieve both individual and organizational results, and to align results to stated goals from superiors. (Competencies: Operational Mindset, Innovation, Strategic Thinking).

Note: If you are a member of the SES or have been certified through successful participation in an OPM approved SES Candidate Development Program (SESCDP), or have SES reinstatement eligibility, you do not need to respond to the ECQs. Instead, you MUST attach proof (e.g., SF-50, Certification by OPM's SES Qualifications Review Board (QRB)) of your eligibility for noncompetitive appointment to the SES.

A method to present demonstrated evidence of the ECQs and MTQs is to use the C - C - A - R model (Challenge / Context / Action / Results):

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.

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

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: View email address on click.appcast.io

Reasonable Accommodation (RA) Requests: If you believe you have a disability (i.e., physical or mental), covered by the Rehabilitation Act of 1973 as amended that would interfere with completing the USA Hire Competency Based Assessments, you will be granted the opportunity to request a RA in your online application. Requests for RA for the USA Hire Competency Based Assessments and appropriate supporting documentation for RA must be received prior to starting the USA Hire CompetencyBased Assessments. Decisions on requests for RA are made on a case-by-case basis. If you meet the minimum qualifications of the position, after notification of the adjudication of your request, you will receive an email invitation to complete the USA Hire Competency Based Assessments, based on your adjudication decision. You must complete all assessments within 48 hours of receiving the URL to access the USA Hire Competency Based Assessments if you received the link after the close of the announcement. To determine if you need a RA, please review the Procedures for Requesting a Reasonable Accommodation for Online Assessments. (

Candidates should be committed to improving the efficiency of the Federal government, passionate about the ideals of our American republic, and committed to upholding the rule of law and the United States Constitution.

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A career with the U.S. government provides employees with a comprehensive benefits package. As a federal employee, you and your family will have access to a range of benefits that are designed to make your federal career very rewarding. Opens in a new windowLearn more about federal benefits.

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Eligibility for benefits depends on the type of position you hold and whether your position is full-time, part-time or intermittent. Contact the hiring agency for more information on the specific benefits offered.