Clarification from the agency

Open to all qualified U.S. citizens. Open to current employees within the Federal civil service. SES reinstatement eligibles and SESCDP graduates may also apply for noncompetitive consideration.

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.

• 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.

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 www.sss.gov).
• 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.

How you will be evaluated

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

All applicants must submit a two-page resume (not to exceed two-pages) which reflects demonstrated experience for each ECQ and MTQ.

Failure to submit a two-page resume WILL DISQUALIFY YOU FROM FURTHER CONSIDERATION. As a result, you will be rated as "INCOMPLETE".

Once the application process is complete, a review of your resume and supporting documentation will be conducted. If you meet minimum qualifications, your Application Package will be further reviewed to determine if you possess the Executive Core Qualifications (ECQ) and Technical Qualifications (MTQ) listed above. ECQs and MTQs must be thoroughly addressed within your two (2) page resume. Separate narratives will not be accepted or reviewed. Applicants will be evaluated on the quality and extent of their total accomplishments, experience, the ECQs, and the MTQs. Highly Qualified applicants may undergo one or more structured interviews and may be referred to the selecting official for further consideration.

Upon selection, if not already a member of the SES serving under a career appointment, the individual selected must have his/her executive qualifications certified by the U.S. Office of Personnel Management's SES Qualifications Review Board (QRB) before appointment to this position. The selected individual's application will be forwarded to the OPM for review and certification by the QRB, unless the selectee provides evidence of their noncompetitive status (i.e., a current SES, OPM QRB certified SESCDP graduate, or SES reinstatement eligible). Upon QRB certification, the selected individual will be required to serve a one-year probationary period. For more information regarding the SES, go to https://www.opm.gov/policy-data-oversight/senior-executive-service/.

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

You will be evaluated based on how well you meet the qualifications listed in this vacancy announcement. Your qualifications will be evaluated based on your application materials (e.g., resume, supporting documents), your responses on the application questionnaire, and your responses to all assessments required for this position.

You will be assessed on the following competencies (knowledge, skills, abilities, and other characteristics):

• Civic-Mindedness
• Fiscal Responsibility
• Managing Resources
• Leveraging Technology
• Technical Skill
• Problem Solving
• Agility and Resilience
• Accountability
• Developing Others
• Executive Judgement
• Operational Mindset
• Innovation
• Strategic Thinking
• Customer Service
• Influencing/Negotiating
• Conflict Management
• Team Building
• Interpersonal Skills
• Integrity/Honesty
• Continual Learning

Overstating your qualifications and/or experience in your application materials or application questionnaire may result in your removal from consideration. Cheating on an assessment may also result in your removal from consideration.

**************ALL DOCUMENTS MUST BE UPLOADED IN PDF FORMAT*******************

A complete application includes items described below. Please note that if you do not provide all required information, as specified in this announcement, you may not be considered for this position (or may not receive the special consideration for which you may be eligible).

Please carefully review the following list to determine what documentation you need to submit. Some documents may not apply to all applicants.

1. RESUME: All applicants are required to submit a resume limited to two (2) pages (i.e., 1 page that is double-sided or 2 pages that are one-sided each) showing all relevant experience. Applicants seeking initial career appointment to the Senior Executive Service (SES) must include evidence of the ECQs and MTQs. Review resume guidance in OPM Guide to Senior Executive Service Qualifications and the Qualifications Review Board.

2. VACANCY QUESTION/ASSESSMENT QUESTIONNAIRE RESPONSES: Responses are automatically submitted through USA Jobs when you apply to this vacancy.

3. ADDITIONAL REQUIRED DOCUMENTS: Applicants are required to submit the following supporting documentation if applicable:

• CURRENT OR FORMER SES MEBERS: Must provide your SES appointment SF-50 (Notification of Personnel Action), and an SF-50 showing current career SES status or career SES reinstatement eligibility.
• SES CANDIDATE DEVELOPMENT PROGRAM (SESCDP) GRADUATES: Verification of successful completion of an OPM-approved SESCDP and OPM SES QRB certification.
• CURRENT FEDERAL CIVIL SERVICE EMPLOYEE: Must provide a copy of your Notification of Personnel Action, Standard Form 50 (SF-50) or equivalent personnel action form reflecting you are a current Federal Civil Service employee.
• 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.

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

REMINDER: Before uploading your required documents, please ensure they are in PDF format and DO NOT EXCEED the noted page limits.

Please read the entire announcement and all the instructions before you begin an application. To apply and be considered for this position, you must complete all required assessments, and required documentation as specified in the How to Apply and Required Documents section. The complete application package must be submitted by 11:59 PM (ET) on the closing date of the announcement to receive consideration.

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