Policy Analyst (Capital Markets) Job

Vacancy No. VA-26-0024-DE-VD Department Farm Credit Administration
Salary $78,504.00 to $169,548.00 Grade 38 to 40
Perm/Temp Permanent FT/PT Full-time
Open Date 5/21/2026 Close Date 6/5/2026
Job Link Apply Online Who may apply Public
Locations:
Sacramento, CAGreenwood Village, COBloomington, MNIrving, TX
McLean, VA


Summary

As a Policy Analyst (Capital Markets), you will be responsible for serving as a subject matter expert and managing the development, revision, and implementation of policy documents and regulations that ensure the safety and soundness of the Farm Credit System (FCS). This position is located in the Finance and Capital Markets Team of the Office of Regulatory Policy.

This job is open to

The public

U.S. Citizens, Nationals or those who owe allegiance to the U.S.

Career transition (CTAP, ICTAP, RPL)

Federal employees whose job, agency or department was eliminated and are eligible for priority over other applicants.

Duties

Specific duties include:

  • Developing or overseeing the development of regulations and policy statements in the capital markets area in support of statutory requirements that have significant safety and soundness impacts or present significant policy implications.
  • Providing and maintaining expert knowledge of theory, concepts, policies in financial and capital markets and provides a variety of technical assistance functions.
  • Monitoring and identifying important financial and capital markets issues on a variety of regulatory and policy matters that may affect the FCS.
  • Leading the development and presentation of training programs related to regulatory changes and updates in the financial and capital markets area.
  • Engaging in special projects to facilitate FCA's regulatory and the Office's operating objectives, enhance the regulatory process, and/or maintain expertise in the financial and capital markets area.

Requirements

Conditions of employment

  • Must be a U.S. citizen.
  • Males born after 12-31-59 must be registered for Selective Service.
  • If an applicant does not comply with submitting all the required documentation as stated in the announcement, they will be removed from further consideration.
  • Suitability for Federal employment, as determined by a background investigation.
  • May be required to successfully complete a probationary or trial period.
  • Submission of a financial disclosure report may be required.

Qualifications

You may qualify at the VH-38 (GS-12) band level if you have one year of specialized experience equivalent to the VH-37 (GS-11) band level in the Federal service which includes experience and ability to participate in the examination or auditing of a financial institution's capital markets activities (regulatory capital/earnings/liquidity/sensitivity to interest rate risk) or perform financial analysis and evaluation work of (1) one or more of the following: corporate finance and any specialized fields of finance required such as marketable investments, regulatory capital requirements, interest rate risk management, liquidity management, money and securities markets, investments, and banking, and, or(2) the financial and management structure, operations, and practices of the FCS or financial institutions.

You may qualify at the VH-39 (GS-13) band level if you have one year of specialized experience equivalent to the VH-38 (GS-12) band level in the Federal service which includes the ability to lead or perform financial analysis and evaluation work of (1) one or more of the following: corporate finance and any specialized fields of finance required such as marketable investments, regulatory capital requirements, interest rate risk management, liquidity management, money and securities markets, investments, and banking, and, or (2) the financial and management structure, operations, and practices of the FCS or financial institutions; the ability to communicate, either verbally or written, the results and deliverables of such a financial analysis or evaluation; and an understanding of principles, methods, and tools for managing projects.

You may qualify at the VH-40 (GS-14) band level if you have one year of specialized experience equivalent to the VH-39 (GS-13) band level in the Federal service which includes the ability to lead and perform financial analysis and evaluation work of (1) one or more of the following: corporate finance and any specialized fields of finance required such as marketable investments, regulatory capital requirements, interest rate risk management, liquidity management, money and securities markets, investments, and banking, and, or (2) the financial and management structure, operations, and practices of the FCS or financial institutions; the ability to communicate, both verbally and written, the results and deliverables of such financial analysis or evaluation; and a demonstration of the ability to manage finance or capital market related projects that result in a deliverable.

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

Education may not be substituted for experience to qualify at the VH-38, VH-39, or VH-40 band level.

This job does not have an education qualification requirement.

Additional information

  • If you are a veteran with preference eligibility and are claiming 5-points veterans' preference, you must submit a copy of your DD-214 or other proof of eligibility. If you are claiming 10-point veterans' preference, you must also submit an SF-15, "Application for 10-Point Veterans' Preference" plus the proof required by that form. For more information on veterans' preference visit: https://www.usajobs.gov/Veterans.
  • Males born after 12-31-59 must be registered or exempt from Selective Service. For more information visit: https://www.sss.gov/verify/. Career Transition Assistance Programs: These programs apply to employees who have been involuntarily separated from a federal service position within the competitive service or Federal service employees whose positions have been deemed surplus or no longer needed.
  • To receive selection priority for this position, you must: (1) meet CTAP or ICTAP eligibility criteria; (2) be rated well-qualified for the position with a score of 85 or above; and (3) submit the appropriate documentation to support your CTAP or ICTAP eligibility. For more information visit: http://www.opm.gov/rif/employee_guides/career_transition.asp.
  • Only experience and education obtained by the closing date of this announcement will be considered.
  • All FCA 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.
  • FCA's supplemental ethics regulations restrict certain FCA 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.
  • FCA uses E-Verify to confirm the employment eligibility of all newly hired employees.
  • This announcement may be used to fill similar vacancies.
  • Applicants are encouraged to apply to all band/grade levels for which believe they are qualified for and wish to receive consideration.
  • Salary (Base) Ranges
  • VH-38: $78,504 to $129,532
  • VH-39: $89,815 to $148,195
  • VH-40: $102,757 to $169,548
  • Locality rate for your specific duty location will be added to your base salary. Locality rates: McLean, VA 33.94%; Bloomington, MN 28.12%; Greenwood Village, CO 31.02%; Irving, TX 27.76%; and Sacramento, CA 30.26%.

The Fair Chance to Compete for Jobs Act of 2019, with some exceptions, prohibits the Farm Credit Administration from requesting an applicant's criminal history record before that individual receives a conditional offer of employment. If you apply to this position and are selected, we will not ask about your criminal history before you receive a conditional job offer. If you believe you were asked about your criminal history improperly, visit our website at (Careers at FCA | Farm Credit Administration) for information on filing a complaint.

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.

How you will be evaluated

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

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

Once the application process is complete, your two-page resume and supporting documentation will be used to determine whether you meet the job qualifications.

Structured Resume Review: Occupational Experts (OEs) will review your resume to determine your technical qualifications for this position based on the required competencies. OEs will review ONLY your two (2) page resume. OEs will not review additional information beyond your resume (e.g., cover letter, links embedded in your resume).If you are found qualified, your application will move forward to additional phase(s) of the review process.

All qualified candidates will be assigned to a quality category. The category assignment is a measure of the degree in which your background matches the competencies required for this position. Your qualifications will be evaluated on the following competencies (knowledge, skills, abilities and other characteristics):

  • Financial Concepts
  • Financial Regulation
  • Oral Communication
  • Project Management
  • Skill in written communication.


If you are found qualified, your application will move forward to additional phase(s) of the review process.

The Category Rating Process does not add veterans' preference points but protects the rights of Veterans by placing them ahead of non-preference eligibles within each quality category. Veterans' preference eligibles who meet the minimum qualification requirements and who have a compensable service-connected disability of at least 10 percent will be listed in the highest quality category (except in the case of scientific or professional positions at the VH-35 (GS-09 equivalent level) or higher.
  • 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.

Required Documents

To apply for this position, you must submit a complete Application Package which includes:

  1. Your resume (no more than two pages in a minimum 10pt font) showing (1) paid and non-paid work experience including your position title, start and end dates (month/year) of employment, hours worked per week, and duties performed (separated by position series and grade for each federal position, if applicable).
  2. Other supporting documents:
  • Cover letter, optional
  • College Transcript(s), if qualifying based on education.
  • Veterans' Preference documentation, if applicable (e.g. DD-214 Member Copy 4 showing type of discharge/character of service; SF-15 Form and related documentation; VA letter.)
  • Career Transition Assistance Program/Interagency Career Transition Assistance Program documentation, if applicable (e.g., Certification of Expected Separation, Reduction-In-Force Separation Notice, or Notice of Proposed Removal; SF-50 that documents the RIF separation action; and most recent performance appraisal.)

How to Apply

To apply for this position, you must complete the online application and submit the documentation specified in the Required Documents section below.

A complete application package must be submitted by 11:59 PM (ET) on the closing date of the announcement to receive consideration.

  • To begin, click Apply to access the online application. You will need to be logged into your USAJOBS account to apply. If you do not have a USAJOBS account, you will need to create one before beginning the application.
  • Follow the prompts to select your résumé and/or other supporting documents to be included with your application package. You will have the opportunity to upload additional documents to include in your application before it is submitted. Your uploaded documents may take several hours to clear the virus scan process.
  • After acknowledging you have reviewed your application package, complete the Include Personal Information section as you deem appropriate and click to continue with the application process.
  • You will be taken to the online application which you must complete to apply for the position. Complete the online application, verify the required documentation is included with your application package, and submit the application

To verify the status of your application, log into your USAJOBS account (https://www.usajobs.gov/), all your applications will appear on the Welcome screen. The Application Status will appear along with the date your application was last updated. For information on what each Application Status means, visit: https://help.usajobs.gov/how-to/application/status.

If you are unable to apply online, you must request an alternative application which is available from the Human Resources Division. Please contact FCA HR Division at Employment_Opportunities@fca.gov or 703-883-4135 between 8:00 a.m. and 5:00 p.m. ET, at least two business days prior to the closing date of this announcement to obtain an alternative application.

Agency contact information

FCA HR Division
Phone
703-883-4135
Email
Employment_Opportunities@fca.gov
Address
Office of Agency Services, Human Resources Division
1501 Farm Credit Drive
McLean, VA 22102
US

Next steps

Once your online application is submitted you will receive a confirmation notification by email. Your application will be evaluated by the Human Resources Division to determine your eligibility for the position. Later steps in the selection process are specifically designed to verify your ratings. Your resume may be evaluated by a subject matter expert or may be asked to complete a structured interview, written demonstration, and/or fit interview as part of the assessment process. After the evaluation is complete, you will receive another notification regarding the status of your application

Additional locations

McLean, VA

Farm Credit Administration

At FCA you will find:

  • Competitive salaries
  • Job Stability
  • Work-Life Harmonization
  • Recognition
  • The best coworkers around

Headquartered near our nation's capital, FCA is a small federal agency. We regulate and examine the Farm Credit System, a nationwide network of financial institutions providing credit and related services to farmers, ranchers, and their cooperatives. For the past several years, the Best Places to Work Survey has ranked FCA among the top places to work among small agencies in the Federal Government.

Agency contact information

FCA HR Division
Phone
703-883-4135
Email
Employment_Opportunities@fca.gov
Address
Office of Agency Services, Human Resources Division
1501 Farm Credit Drive
McLean, VA 22102
US

Visit our careers page

Learn more about what it's like to work at Farm Credit Administration, what the agency does, and about the types of careers this agency offers.

https://www.fca.gov