Job Listing
Senior Vice President & Chief Risk Officer
Government National Mortgage Association (Ginnie Mae) · Posted 1 days ago
About the Role
The Department of Housing and Urban Development (HUD) is seeking highly qualified individuals who are willing to meet the challenges of public service and support our mission. Our compensation package is comparable to the private sector. And we also offer a broad array of program activities to develop your career, such as: networking and training opportunities. At HUD, you'll have a once-in-a-lifetime opportunity to gain insight into federal housing policy and community development.
What You'll Do
- →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 a staff of approximately 25 government employees and100 subordinate directors, managers and professional staff, the candidate: 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.
- →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.
Requirements
- ✓This job does not have an education qualification requirement.
Personality Fit
This role is commonly a great fit for these MBTI types:
Job ID: 3c51039f-f059-48b2-b77b-5ae9a3f57b1a
Posted via USAJobs