Principal Examination Specialist (Model Risk) ($126,397 - $221,195)

Thu, 03/20/2008 - 11:36 — marisa.harper

Job Description

The Office of Federal Housing Enterprise Oversight (OFHEO) is seeking an experienced Examiner to work in our Office of Examinations.

The ideal candidate to fill this Principal Examination Specialist position should have demonstrated hands-on experience in the design and/or implementation of relevant analytic, financial, econometric, or statistical models. He/she should also possess a Master's degree or PH.D. in a relevant discipline (e.g. finance, economics, mathematics, statistics, computer science, financial engineering, or computational finance), or equivalent employment experience with at least six (6) years experience in the use of economic theory and econometrics, or other quantitative technology, of which 3 years included experience in the field of financial engineering or financial institution regulation.

The candidate selected for this position will exhibit the ability to interpret, analyze and assess the quantity of model risk and evaluate the quality of model risk management concerning information technology and/or internal controls by prioritizing examinations or reviews based on a business's risk attributes as determined by risk evaluation tools, methodologies and practices. In addition the applicant should be able to present risk based review or examination conclusions, findings and recommendations in written and oral form.

OFHEO offers outstanding salaries, benefits and opportunities. OFHEO offers FREE vision and dental insurance for you and your family. We also pay 90% of your health insurance premiums AND 100% of your cost of public transportation to and from work. Additionally, OFHEO offers flexible work schedules, an attractive retirement plan, life insurance, long term care insurance and a flexible spending account.

If you are interested in a position that will fully utilize your skills and further provide you with developmental opportunities to learn new ones, check us out at www.OFHEO.gov and click on ‘Employment Opportunities’. To apply directly, visit our on-line application system at http://www.avuedigitalservices.com/ofheo/applicant.html . Be sure to reference code JKOMS when applying. But hurry, this vacancy closes April 9th, 2008.

For information or assistance, call Takisha Koonce at 202-414-8923 or e-mail at Takisha.Koonce@ofheo.gov.

OFHEO is an Equal Opportunity Employer.

About OFHEO
The Office of Federal Housing Enterprise Oversight (OFHEO) is located just a few blocks from the White House. It was established as an independent entity within the Department of Housing and Urban Development by the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 (12 U.S.C. 4501 et seq.). The Office is headed by a Director appointed by the President for a five-year term. James B. Lockhart III was nominated by President George W. Bush to become the Director of OFHEO, and was confirmed by the U.S. Senate on June 15, 2006. OFHEO's mission is to promote housing and a strong national housing finance system by ensuring the safety and soundness of Fannie Mae (Federal National Mortgage Association) and Freddie Mac (Federal Home Loan Mortgage Corporation). OFHEO works to ensure the capital adequacy and financial safety and soundness of two housing government-sponsored enterprises (GSEs) -- Fannie Mae and Freddie Mac. OFHEO is funded through assessments of Fannie Mae and Freddie Mac. OFHEO's operations represent no direct cost to the taxpayer.