Examiner Trainee
The Federal Housing Finance Agency (FHFA) is a key player in our nation's financial stability and the current and future U.S. housing market and is currently hiring for our exciting Examiner career development program!
Would you like to continue your professional growth while you work in the exciting financial services industry, where you will have the opportunity to study and work with large financial organizations, work closely with senior financial professionals, learn more about investments, financial management, bank operations, secondary mortgage markets, complex data analysis, and more? Then this Examiner career development program could be for you.
Division of Federal Home Loan Bank Regulation
The Division of Federal Home Loan Bank Regulation (DBR) is responsible for carrying out the FHFA's statutory duties for ensuring that: 1) the Federal Home Loan Banks (FHLBanks) operate safely and soundly, and 2) the FHLBanks remain adequately capitalized. These functions are performed through on-site examinations and off-site monitoring of the FHLBanks and the Office of Finance. DBR also is responsible for policy and regulatory analysis, formulating and planning strategic goals, and conducting and evaluating long-range projects and proposals for all agency programs relating to the FHFA's supervision and oversight of the FHLBank System.
As an entry-level examiner trainee you will be involved in developmental activities to understand financial management, bank operations and services, housing finance, including understanding observed trends and developments. You will work closely with other examiners and management at all levels in the Federal Home Loan Banks. At first you will work closely with a mentor, and your responsibilities will increase in pace with your demonstrated skills and capabilities. Under the general supervision of a Supervisory Examiner, you will participate in the planning and conducting of examinations and assigned progressively greater responsibilities.
Examiner Trainee Development Program
Examiner trainees hired into DBR's examiner development program will be placed into a structured program of on-the-job training, classroom work, and gradually increasing responsibilities to gain the experience, insight, and poise needed to become a successful commissioned Housing Finance Examiner (HFE). Trainees will also earn professional certifications provided by external professional organizations, such as the American Bankers Association (ABA) and the Global Association of Risk Professionals (GARP). We typically place trainee examiners into a laddered career development program with regular promotion opportunities at various intervals in the program, and the program typically takes between four and five years before final commissioning. Examiner trainees will work with various experts throughout the division to build their experience and their understanding of banking, the examiner profession, and work expectations, and will have opportunities to learn about the various areas of FHFA operations and supervision.
Major Duties and Responsibilities
Examiner trainees develop examination strategies and work plans in determining the scope of examination activities and develops new or adapted work methods and procedures as needed. Examiners lead in the assessment of the components of the CAMELSO rating system (Capital, Asset Quality, Management, Earnings, Liquidity, Sensitivity to Market Risk, and Operational Risk) and serve as members of an examination team to identify emerging and/or embedded risks. Examiners use technical capability to conduct complex examinations and demonstrate the ability to analyze, evaluate, and report on the financial performance and risks of the Regulated Entities and the Office of Finance (OF).
Examiner trainees learn to conduct examinations and detailed reviews in financial, management, market, and/or credit risk and assists in coordinating the examination resources and activities in his/her assigned area. Examiner trainees also learn to plan, organize, and supervise examination activities as a subject matter expert to the staff within other offices pertaining to examinations.
Salary
$47,458 - $69,466 per year
Location
few vacancies in the following location:
- Location Negotiable After Selection, United States
U.S. Citizenship required.
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.