The position is located in the Office of the Deputy Assistant Secretary (DAS) Office of Risk Management and Regulatory Affairs, Office of the Assistant Secretary for Housing-Federal Housing Commissioner at the United States Department of Housing and Urban Development (HUD). The primary purpose of the position is to provide coordination and guidance to the Office of Risk Management and Regulatory Affairs regarding Multifamily, Single Family and Healthcare exposure to operational risks.
Learn more about this agency
As an Operational Risk Specialist, you will:
– The primary purpose of the position is to provide coordination and guidance to the Office of Risk Management and Regulatory Affairs regarding Multifamily, Single Family and Healthcare exposure to operational risk — people, process, and technology; and to serve as an expert regarding operational risk assessments and mitigation practices. Serve as the authority on operational and credit risk administrative policies.
– Assist and support the Supervisory Operational Risk Quality Officer, establish and implement a framework for standards and practices relative to operational risk management across the FHA programs. Work with the Supervisory Operational Risk Quality Officer to ensure the operational risk framework effectively aligns with the FHA strategic vision.
– Play a lead role in the evaluation and remediation of operational risk deficiencies and risk events including root cause analysis and process improvement recommendations. Partner with appropriate areas such as Compliance, Fraud Management, Internal Audit, etc., as necessary to ensure operational risk events are properly addressed, documented and reported.
– Provide expert advice on risk initiatives and makes recommendations for improving risk management. Justify and defend recommendations. Advise the Office Director and/or other management as designated by DAS/ADAS regarding FHA's operational risk exposures, risk management practices, risk assessments, and risk mitigation strategies.
Occasional travel – 1 – 5 nights per month.
Conditions of Employment
- Click "Print Preview" to review the entire announcement before applying.
- Please refer to "Conditions of Employment."
- Must be U.S. Citizens or U.S. Nationals.
The experience may have been gained in either the public, private sector or volunteer service . One year of experience refers to full-time work; part-time work is considered on a prorated basis. To ensure full credit for your work experience, please indicate dates of employment by month/day/year, and indicate number of hours worked per week on your resume.
The Office of Housing provides vital public services through its nationally administered programs. It oversees the Federal Housing Administration (FHA), the largest mortgage insurer in the world, and regulates important parts of the housing industry. The Office of Housing also helps ensure consumers can access housing counseling and provides affordable rental housing through its Multifamily housing program. The Office of Housing is committed to helping all Americans obtain safe, decent affordable housing.
The Office of Risk Management and Regulatory Affairs, which includes the Office of Evaluation, the Office of Risk Management, Operational Risk Management and the Office of Manufactured Housing Programs, provides independent assessments of emerging and existing risks, communicates the Office of Housing substantiated evaluation of risks, as well as recommends risk management strategies and risk mitigation tactics to FHA, its partners, customers and constituents in order to strengthen consumer confidence in the Federal Housing Administration Programs, while increasing capital reserves.
The official duty station for this position will be in Washington DC. Failure to report to duty at this location may be grounds for a disciplinary action, including removal.
You must meet the following requirements within 30 days of the closing date of this announcement.
Specialized experience: For the GS-14, you must have one year of specialized experience at a level of difficulty and responsibility equivalent to the GS-13 grade level in the Federal service. Specialized experience for this position includes:
– Identifying key risks, monitoring compliance with risk limits, reporting exceptions and developing proposed recommendations related to the suspension of business practices detrimental to the organization; AND
– Measuring, monitoring and mitigating operational risks (i.e. internal procedures, systems IT failure, internal fraud, people loss of key personnel, legal judgments, regulatory compliance); AND
– Planning and leading internal controls reviews and assessments to determine effectiveness and efficiency of operations, compliance with laws and regulations, and the reliability of reporting; AND
– Leading Risk and Controls Self-Assessment programs and developing policies and procedures for a housing finance institution.
In addition to the above requirements, you must meet the following time-in-grade requirement, if applicable:
For the GS-14, you must have been at the GS-13 level for 52 weeks.
Time After Competitive Appointment:
Candidates who are current Federal employees serving on a non-temporary competitive appointment must have served at least three months in that appointment.
This job does not have an education qualification requirement.
– We may select from this announcement or any other source to fill one or more vacancies.
– Relocation expenses will not be paid.
– This is a bargaining unit position.
– This position is Exempt from the Fair Labor Standards Act (FLSA).
– HUD offers alternative and flexible work schedules.
CONDITIONS OF EMPLOYMENT:
– A one year probationary period may be required.
– Must successfully complete a background investigation.
– Complete a Declaration for Federal Employment to determine your suitability for Federal employment, at the time requested by the agency
– 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.
– Have your salary sent to a financial institution of your choice by Direct Deposit/Electronic Funds Transfer.
– Go through a Personal Identity Verification (PIV) process that requires two forms of identification from the Form I-9. Federal law requires verification of the identity and employment eligibility of all new hires in the U.S.
– Obtain and use a Government-issued charge card for business-related travel.
HUD employees are subject to a number of government-wide and HUD specific ethics laws and regulations, including restrictions on working in a real estate related business, and having Section 8 tenants, along with other prohibited interests and activities. To review applicable ethics rules and HUD specific restrictions, please visit https: portal.hud.gov/hudportal/HUD?src=/program_offices/general_counsel/ethics .
How You Will Be Evaluated
You will be evaluated for this job based on how well you meet the qualifications above.
Your application includes your résumé, responses to the online questions, and required supporting documents. Please be sure that your résumé includes detailed information to support your qualifications for this position; failure to provide sufficient evidence in your résumé may result in a "not qualified" determination.
Rating: Your application will be evaluated in the following areas: Technical, Communication, Analytical & Information Management. Your application will be rated and ranked among others, based on your responses to the online questions, regarding your experience, education, training, performance appraisals and awards relevant to the duties of this position. Your rating may be lowered, if your responses to the online questions are not supported by the education and/or experience described in your application.
Referral: If you are among the top qualified candidates, your application may be referred to a selecting official for consideration.
If you are a displaced or surplus Federal employee (eligible for the Career Transition Assistance Plan (CTAP) , you must receive a rating of at least 84 out of 100 to be rated as well qualified to receive special selection priority.
To preview questions please click here .
Background checks and security clearance
Drug test required
A complete application includes 1. A résumé, 2. Vacancy question responses, and 3. Submission of any required documents. 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).
All applicants are required to submit a résumé either by creating one in USAJOBS or uploading one of their own choosing. (Cover letters are optional.) To receive full credit for relevant experience, please list the month/date/year and number of hours worked for experience listed on your résumé. We suggest that you preview the online questions, as you may need to customize your résumé to ensure that it supports your responses to these questions. Please view résumé tips .
CURRENT AND FORMER EMPLOYEES — Documentation Relating to Your Federal Employment:
– Submit a copy of your SF-50 (Notification of Personnel Action) showing competitive service as Tenure 1 or 2 (Block 24), Position Occupied as 1 – Competitive Service (Block 34), current Grade (Block 18) and Salary (Block 20). Typically Award SF-50s do not provide the required information. If the full performance level of your position is different from the current grade indicated in Block 18, please provide proof of the full performance level.
– Submit a copy of your most recent SF-50 that indicates you are a current HUD employee. IF you do not have a copy of your SF-50 that indicates this information, you must upload an explanation. Applications without this information will not be considered.
– If your highest permanent grade is different from your current grade, submit a copy of an additional SF-50 showing that grade.
– If you are currently on a Veterans' Recruitment Appointment (VRA), submit a copy of an SF-50 indicating that type of appointment. Also, you must submit a copy of your DD214 or other documentation showing dates of service and type of discharge and any other applicable documents such as SF-15, VA letters, etc.
Performance Appraisal (ALL APPLICANTS):
Submit a copy of all pages of your most recent completed annual performance appraisal, dated within the last 12 months, that includes the final rating. In cases where the performance appraisal is more than 12 months old, incomplete or unavailable, you must attach a written explanation of the reasons.
CAREER TRANSITION ASSISTANCE PLAN (CTAP) DOCUMENTATION: If you are a displaced or surplus Federal employee, click CTAP for eligibility and a detailed list of required documents.