Capital Markets Specialists evaluate a broad array of financial activities and products at the most complex System institutions. Most activities involve serving as a member or leader of an examination team under the direction of a Senior Examiner or the Capital Markets Specialty Program Manager. This position is part of the Farm Credit Administration.
Ideal candidates have experience in the following areas: Analyzing risk to a complex financial institution's financial condition and performance resulting from exposure to interest rate, market, and liquidity risks. Assessing asset / liability management practices, including the use of sophisticated models, to identify, monitor, and control interest rate and liquidity risk and ensure long-term financial stability. Evaluating capital adequacy and capital management practices including managing capital distributions, utilizing stress test analysis, and the use of complex strategies such as securitization, synthetic securitization, and other credit risk transfer structures. Evaluating financial institution liquidity risk, including experience analyzing funding strategies and contingency funding plans, and evaluating the adequacy of high-quality liquid assets as a secondary source of liquidity. You may qualify at the VH-38 (GS-12 equivalent) band level if you have one year of specialized experience equivalent to the next lower level, VH-37 (GS-11) band level. Specialized experience is experience that has equipped you with the knowledge, skills, and abilities to perform successfully the duties of the position which includes managing, examining, or auditing a financial institution's finance and capital markets activities (e.g., capital, earnings, liquidity, sensitivity to interest rate risk, investments, securitizations, derivatives) and related risk management practices, and preparing written reports conveying the results of these activities under direct supervision. This experience may have been gained as a financial regulator, consultant, auditor, analyst, or as an employee at a financial institution. You may qualify at the VH-39 (GS-13 equivalent) band level if you have one year of specialized experience equivalent to the VH-38 (GS-12) band level. Specialized experience is experience that has equipped you with the knowledge, skills, and abilities to perform successfully the duties of the position which includes leading a team to manage, examine, or audit a financial institution's finance and capital markets activities and related risk management practices, and providing guidance and training to others on complex financial or capital markets related topics. This experience may have been gained as a financial regulator, consultant, auditor, analyst, or as an employee at a financial institution. 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. You must meet all qualification requirements and submit all required supporting documentation by the closing date of this announcement. If you are found to be among the most highly qualified candidates you will be referred to the hiring manager for further consideration and possible interview. Time-In-Grade Requirements: Current and former Federal employees (including VEOA eligibles) must have served one-year (52 weeks) at the next lower grade in the Federal service to meet time-in-grade restrictions per 5 CFR 300, Subpart F, by the closing date of the announcement.
As a Capital Markets Specialist (FCA Examiner), your duties will include: Leading and participating in examinations and oversight of System institution financial condition and performance (i.e., capital, earnings, liquidity), interest rate risk, loan pricing, funds transfer pricing, derivatives, hedging, fixed-income investments, securitization, and funding through debt capital markets. Such examinations include an assessment of risk, board policies, procedures, financial modeling and model risk management, management and internal control processes, operating practices, and compliance with laws and regulations. Ensuring risks are appropriately identified, measured, monitored, and controlled. Making recommendations that are fully supported and ensuring System institutions take corrective action when weaknesses are identified. Developing reports that summarize examination conclusions and recommendations and presenting them to System institution senior management. Serving as an advisor and trainer for other examiners on System institution finance and capital markets issues; developing examination guidance; developing informational letters to System institutions; analyzing systemic risks; and participating in task forces that develop policy and regulations related to capital markets and finance areas. A key distinction between the VH-38 and VH-39 is the authority to act and the level of supervision in place.