Federal Housing Finance Agency

Position Title/Short Description

Full Text of JOE Listing:

FHFA has multiple openings in the Division of Bank Regulation available in 2020 and 2021. As an independent federal agency, FHFA regulates both the safety and soundness, and missions, of the Federal Home Loan Bank System, Fannie Mae, and Freddie Mac. Economists with interests in financial regulation, credit and market risk modeling, housing policy, housing finance and mortgage markets, and capital markets, are encouraged to apply. Candidates with solid applied micro and quantitative analysis skills, and no relevant issue area experience, may also be competitive for some positions. A Ph.D. in economics is preferred. Periodic travel within the U.S. may be required once pandemic-related telework is relaxed. Salary dependent on education and experience.

Economists in the Division of Bank Regulation focus on credit, market, and operational risk modeling and measurement, both for purposes of developing new approaches and for examining the application of such methodologies at the FHLBanks. Successful candidates will have a strong background in applied microeconomics, empirical analysis, and possess excellent communication and research skills. Assignments cover collateral credit risk modeling and valuation, modeling counterparty credit-ratings, risk-based capital policy including market and credit risk stress testing, and risk modeling of the FHLBanks mortgage purchase programs. Economists in this Division participate in examinations of the FHLBanks concerning these issues, and are also expected to contribute to policy work, including producing regular monitoring reports and developing and disseminating new approaches to stress testing, and risk modeling and measurement in general.

FHFA employees enjoy all the standard federal benefits plus additional agency-specific benefits and competitive salaries not tied to the traditional Government's General Schedule pay system.

FHFA is an Equal Opportunity Employer.