Federal Home Loan Banks Office of Finance

5 job(s) at Federal Home Loan Banks Office of Finance

Federal Home Loan Banks Office of Finance Reston, VA, USA
Summary of Position – Staff Accountant, Technical Accounting We are looking for a highly motivated individual to join the Accounting Policy and Financial Reporting team. The Staff Accountant will work closely with the Manager of Accounting Policy as well as the Director of Accounting Policy, assisting with technical accounting research of Federal Home Loan Banks’ accounting and disclosure policies and documentation of controls over the combined financial reporting. The Staff Accountant will prepare assigned sections of the Combined Financial Report (CFR) and be primarily responsible for administering/maintaining the instructions manual for data and information supporting the CFRs. This position reports to the Manager of Accounting Policy. About the Office of Finance (OF) Located in Reston, VA, a suburb of Washington, D.C., the OF is operated on behalf of the Federal Home Loan Banks (FHLBanks). Its primary function is to issue and service all debt securities for the regional FHLBanks, while obtaining the most cost-effective terms possible given current market conditions. Related activities include the compilation and publication of the combined financial statements, analysis and joint development of new funding opportunities, and educational outreach to inform investors and other interested parties about FHLBank debt products. Principal Responsibilities Assist in the preparation of accounting policy related sections of the annual and quarterly CFRs. Prepare detailed supporting workpapers as part of the CFR documentation process. Assist the FHLBanks and internal accounting staff with technical accounting research and analysis relating to accounting policies, including newly issued/adopted accounting or regulatory guidance, “hot topic” accounting and industry issues, inconsistencies in accounting policies and financial reporting disclosures among the individual FHLBanks that affect the CFR, as well as SEC/FHFA-related questions. Administer and maintain the Data Instruction Manual for CFR to ensure the accounting guidance and instructions for the data and information supporting CFRs are updated timely and accurately. Assist with documentation of controls over combined financial reporting (CoCFR) to ensure proper update and maintenance of all applicable CoCFR documents. Also, assist the Manager of Accounting Policy with the Internal Audit coordination/communication, to ensure timely testing of annual key controls. Perform peer reviews of accounting policy and financial reporting disclosures related to other GSEs and large financial institutions. Assist with the preparation of training materials, as needed, on recently issued and/or implemented accounting standards, regulatory interpretations, and other relevant topics. As needed, assist with preparing materials and provide support for the FHLBanks’ Controllers Committee, working groups and subcommittees, especially those relating to new accounting standards and accounting inconsistencies. Update and maintain CFO Act reporting requirements documents to assist the FHLBanks with their annual compliance. Assist with departmental and office-wide projects and assignments. Principal Job Requirements A bachelor’s degree from an accredited college or university. A minimum of 2 years of relevant work experience. Technical and research skills, including knowledge of U.S. GAAP and SEC rules and regulations. Superior written and oral communication skills. Organized, detail-oriented, and able to work collaboratively with employees at all levels within an organization. Ability to prioritize tasks in a deadline oriented environment while maintaining a high level of work product. Demonstrated problem-solving skills. Must be self-motivated, customer service oriented and has a strong desire to learn. Designation as a Certified Public Accountant preferred. Public Accounting and/or financial services experience preferred. Working knowledge of financial services or mortgage industries, including related rules and regulations, is preferred. Benefits The OF offers competitive benefits package:401(K) savings with employer match Defined Benefit Pension Plan - 100% employer funded Medical, Dental, and Vision insurance Group term life and disability insurance Vision care reimbursement and gym membership/fitness reimbursement Flexible spending account program Tuition assistance program Generous paid time off
Federal Home Loan Banks Office of Finance Reston, VA, USA
POSITION SUMMARY The Operational Risk Manager (ORM) works under the direction and supervision of the Chief Risk Officer (CRO) to implement, improve, and maintain an effective enterprise risk management (ERM) program designed to enhance ERM capabilities across the organization. The ORM works collaboratively and cooperatively with all business units and the Internal Audit function, and is responsible for developing, recommending, and implementing strategies for identifying, assessing, mitigating, monitoring, and reporting risks across the organization. The ORM leads key risk activities including the OF’s annual Risk Control Self-Assessment (RCSA) and Annual Risk Assessment (ARA) processes. He/she is responsible for developing, implementing and maintaining risk management policies and procedures, and helping the CRO create and maintain a risk-aware culture at the OF. In support of that effort, the ORM provides risk guidance, training and communications across the organization and plays a critical role in the preparation of executive level reports and Board presentations. PRINCIPAL RESPONSIBILITIES:Leads the OF’s annual RCSA and ARA processes, maintains relevant data associated with those efforts and prepares risk reports and presentations associated with those efforts for OF management and the OF Board/Risk Committee; Maintains the OF’s High Risk List and other key risk reports for the Risk Management Division; Serves as Secretary for the organization’s Enterprise Risk Management Committee, or other management or Board level committees as requested; Serves as the liaison for the FHLB System-wide operational risk manager’s group to ensure consistent risk management practices are adopted across the System; Monitors and reports on risk issues, internal audit recommendations, regulatory examination remediation activities and operational incidents; Coordinates and manages project work associated with the OF’s ERM Program and other initiatives sponsored by the OF’s risk organization; Serves as the OF FHFA exam liaison and/or helps manage FHFA examinations including obtaining periodic updates on remediation actions from finding owners and preparing Board level reports; Helps cultivate a culture of risk intelligence, heightened risk awareness and the utilization of advanced methods to assess, monitor, and manage risk; and Works with stakeholders across the organization and the FHLB System to adopt sound, objective-based risk management practices and effective methods for identifying, classifying and reporting of risks. PRINCIPAL JOB REQUIREMENTS 5+ years of strong risk management, analytical and operational experience, ideally while employed in the financial services industry. Bachelor’s degree required, ideally in a business/finance related function such as accounting, auditing, finance, economics, etc.; Master’s Degree (MBA, MS, or equivalent) is preferred. Demonstrated evidence of superior written and communication skills and the ability to effectively promote and advance risk management goals to executive management and other stakeholders. In-depth knowledge of best practices and trends in risk management and ERM. Knowledge of capital markets and operations, securities issuance, corporate law, banking and securities industry regulations and related business practices. Proficiency with PCs and related software including MS Word, MS Excel, MS PowerPoint, and MS Visio Detail-oriented, with the ability to effectively initiate, manage and complete work on multiple assignments simultaneously, in a timely manner, and with minimal supervision. Demonstrated business acumen, problem-solving skills, intellectual maturity, and relationship management skills.
Federal Home Loan Banks Office of Finance Reston, VA, USA
SUMMARY OF POSITION The Infrastructure Architect will bring a strong technical and leadership mindset to participate in, and develop, IT planning. A qualified candidate will have a broad range of current IT working knowledge and the ability to develop future visions of enterprise grade IT systems. The Infrastructure Architect must be pragmatic, and have hands-on ability to work on project teams as a technical expert and deliver quality products according to project schedule. A strong emphasis on collaboration and coordination is critical for this position and the incumbent will posses the ability to effectively lead and influence others without direct managerial authority. The Office of Finance has an IT environment that is critical to the Office’s function as the FHLBanks’ fiscal agent in the analysis, issuance and servicing of the System’s debt portfolio. NATURE AND SCOPE The incumbent is expected to be extremely knowledgeable about the capabilities of the existing systems infrastructure at the OF. In addition, the Infrastructure Architect is expected to stay abreast of IT industry developments as they relate to the current and future OF infrastructure needs and to recommend changes in this area to IT management. The incumbent is expected to assist the Director of IT Infrastructure and Operations in the selection, standardization, and implementation of technical infrastructure. Practical approaches, consistent with the target skill set of IT staff and compatible with the OF’s current and future environment, are necessary. The incumbent is expected to serve in an advisory/mentor role to IT staff by working closely with IT Management to develop standards, procedures, and system architectures. In fulfilling this requirement, the Infrastructure Architect is expected to support the continued improvement of infrastructure deliverables at the OF. The incumbent may be also called upon to assist with implementation beyond the conceptual/planning stages and serve as a senior resource throughout the implementation life cycle. In IT service outage scenarios, the Infrastructure Architect will accelerate progress by leveraging their cross-discipline knowledge and analytical skill. During the integration and provisioning phases of projects, the Infrastructure Architect will proactively consult with developers, operations, quality assurance, networking, security, project management, and database administration to assist in identifying resource requirements and system dependencies. PRINCIPAL ACCOUNTABILITIES Development of solid architectural plans and deployment architectures for application development and infrastructure projects. Providing infrastructure architecture consulting expertise, direction, and assistance to technical staff at the OF. Developing and executing test plans to check infrastructure and system inter-dependencies, technical performance, and functionality including post-production operational monitoring. Developing, documenting and recommending plans for investing in IT infrastructure that will improve organization performance and/or provide cost reduction opportunities. Execution of system engineering tasks as required by Director of Infrastructure and Operations. Infrastructure research and development utilizing UNIX, Windows, and COTS technologies. Assist Director of Infrastructure and Operations with future budget planning, cost analysis, and expenditure tracking for IT infrastructure projects and tools. PRINCIPAL JOB REQUIREMENTS Bachelor’s Degree in Computer Science or related field. 5 or more years of IT experience, and at least 2-3 years of leading IT infrastructure design and implementation of large-scale, critical systems infrastructures. Ability to build consensus between and lead other technical professionals without direct authority. Experience working in a team-oriented, collaborative environment is desirable. Superior written and oral communication skills, evidenced by the ability to communicate across all levels of an organization. Effective use of communication tools/methods such as Power Point, Visio, UML/Architecture Modeling as well as the ability to effectively deliver presentations. Proven experience with requirements gathering/analysis and recommending architectural solutions. Experience with VMware Vsphere, Windows, Linux, Active Directory, JBoss, Apache, SMTP, ADFS, SAML, and DNS is desirable. Experience with enterprise monitoring and alerting systems. Knowledge of Splunk, WhatsUpGold, Uptime, desirable. Experience as a UNIX System Administrator in the past. Working experience with RHEL OS is desirable. Ability to read, modify and create scripts in Bash, CSH, and PowerShell, or queries in SQL is desirable. Experience in working with enterprise storage and an understanding of SAN concepts, storage abstraction with hypervisors, and enterprise backup and replication solutions. Knowledge of EMC VNX, RecoverPoint, XtremeIO, and Avamar products is desirable. Knowledge of LAN, WAN, and network security infrastructure. Knowledge of Cisco, F5, and Checkpoint products is desirable.
Federal Home Loan Banks Office of Finance Reston, VA, USA
Summary of Position Works closely with the FHLBanks and the OF’s Capital Markets Division. Plays key role in developing and supporting a strategy for delivering consistent, thorough, and defensible data, information, and analysis on fixed income capital markets to the FHLBanks, internal customers, and the regulator. Conducts research on tactical and strategic funding issues facing the FHLBanks and provides the OF Board of Directors and OF management with information and analysis. Provides support to the OF and FHLBanks in their approach to achieving market access and low cost funding objectives. Critical Responsibilities Play a key role with Director Research, Planning and Business Intelligence in developing and executing a strategy to deliver data and information on fixed income capital markets to FHLBanks and internal customers. Serve as advisor to FHLBanks, executive management, and the OF Board on funding programs, changes in market structure, market access, risk and opportunity. Initiate and conduct research and analysis related to fixed income capital markets and the FHLBanks’ debt distribution using internal and external sources of data. Interact with FHLBank debt underwriters, investors, other external third parties, and the FHLBanks to gather data on flows, trading activity, trade-ideas, and trends. Interact with the FHLBanks to understand funding needs, member advance activity, business challenges, asset/liability needs, and debt product development opportunities. Make oral and written presentations to internal and external customers on findings. Work effectively with a team of research/business analysts to extract, aggregate, analyze and present data. Perform independent ad hoc analysis of trends, data, and developments in the fixed income capital markets. Propose changes as needed to strategies consistent with findings from capital markets reconnaissance. Prepare Board materials, white papers, and other documents. Respond to ad hoc research requests. Prioritize and produce OF monthly reports, including supporting/editing research and commentary from other areas with Capital Markets. Principal Requirements An M.B.A. or Master’s degree in Finance is preferred. Chartered Financial Analyst or 10 years’ experience in agency debt capital markets will be considered in lieu of this education requirement. Minimum of 10 years’ experience in fixed income capital markets activities, including experience interacting with broker/dealers and institutional investors. Demonstrated experience developing effective presentations on fixed income capital markets topics, with a specialization in agency debt markets. Excellent communication and presentation skills (oral and written); self-starter with ability to prepare Board-ready materials with limited oversight. Extensive knowledge of the GSEs, the agency debt market, the Federal Home Loan Banks, and the broker/dealers and institutional investors that support them. Demonstrated experience in public speaking at conferences, seminars, or other high profile settings where fixed income capital markets topics are discussed. Excellent analytical skills; defines problems and extracts themes and trends from disparate sets of data and information and draw valid conclusions from thorough analysis. Knowledge of and keen interest in business intelligence; proficient with business intelligence tools.
Federal Home Loan Banks Office of Finance Reston, VA, USA
SUMMARY OF POSITION This person serves as the primary point of contact for internal and external communications on all matters pertaining to the CRO’s office and the Risk Management Department. This person must have the ability to exercise good judgment in a variety of situations, with strong written and verbal communication, administrative and organizational skills, and the ability to maintain a realistic balance among multiple priorities. This person must be a self-starter and able to work under pressure to handle a wide variety of activities. PRINCIPAL ACCOUNTABILITIES Act as a gatekeeper for the Chief Risk Officer (CRO), being aware of what is taking place in the environment and keeping him updated. Required to exercise discretion and independent judgment Provide administrative support for the CRO, including but not limited to meeting scheduling, expense processing, conference registrations, travel coordination, and expense reconciliation Provide administrative support for the Risk Management team, including but not limited to meeting scheduling, expense processing and travel coordination Schedule Risk Committee calls with the Committee members and the Board, and coordinate the development and preparation of correspondence and materials for the Committee including the production of Board books Compile, format, and edit major Risk Management documents, reports, policies and procedures Facilitate smooth communication between the CRO’s office, internal departments, and the Banks, demonstrating leadership to maintain credibility, trust, and support within Risk Management and the entire organization Act as the Risk Management records liaison, with ownership of Risk Management content Participate in recurring Risk Management meetings, with ownership of meeting minutes to include writing, distribution and tracking of same Organize special events for Risk Management Department (e.g., conference planning, holiday parties, team building and morale building events, etc.) and assist with coordinating office-wide events as time permits Maintain Risk Management organizational chart and emergency evacuation rosters Support the OF Board as needed, including but not limited to attending in person Board meetings to help coordinate logistics Prepare business correspondence and review for proper format, grammar, and accuracy using Microsoft Word Assist as needed in other OF administrative needs Perform other duties as assigned PRINCIPAL JOB REQUIREMENTS Five years’ executive level administrative experience including experience taking minutes with formal minute taking, preparation, and distribution Proficient in Microsoft Office Suite and other office software and computer applications Effective oral and excellent written communication skills Strong interpersonal and customer service skills Ability to use initiative and independent judgment within established policy and procedural guidelines Ability to communicate and collaborate with all levels of management and staff Ability to analyze and solve problems and represent the department in critical relationships with stakeholders Excellent organizational skills Impeccable attention to detail Ability to manage multiple projects at one time Ability to achieve high performance goals and meet deadlines in a fast paced environment High level of confidentiality and discretion Ability to work independently and exercise strong judgement when serving our customers FHLBanks, OF Audit Committee members, OF Executives, and our regulator.