Clarification from the agency

Open to all qualified U.S. citizens. Open to current employees within the Federal civil service. SES reinstatement eligibles and SESCDP graduates may also apply for noncompetitive consideration.

The position of Senior Vice President of the Office of Issuer and Portfolio Management (SVP-OIPM) is located within Ginnie Mae and reports to the Executive Vice President & Chief Operating Officer (EVP/COO). The incumbent is responsible forthe management of the relationship between Ginnie Mae and the issuers who participate in the Mortgage-Backed Securities (MBS) program. Program areas that the incumbent has direct oversight and management of includes the Single Family, Multifamily, Manufactured Housing and reverse mortgage HMBS programs. This involves both the provision of issuer management functions and the oversight of issuer activity with respect to risk, monitoring, compliance, and enforcement. An additional responsibility is the administration of mortgage-servicing rights (MSR) portfolios acquired from issuers as the result of enforcement actions.

Major Duties:

The incumbent works with the President and the Executive Vice President, and the Senior Vice Presidents of the various program offices in Ginnie Mae in utilizing a variety of methods and sources to increase the availability and flow of funds from capital markets into the national mortgage market
while protecting taxpayer exposure to loss.

Establishes and directs strategies in support of all issuer and Master Subservice relations, both current and prospective, working in close partnership with the Chief Risk Officer. The incumbent (and his/her staff) is responsible for establishing and maintaining strong relationships throughout the management structure of issuers, advocating on their behalf where appropriate and directing the development of both broad-reaching and tailored solutions to support their participation in the MBS program, while serving the interests of the Ginnie Mae MBS program as a whole. Provides leadership and input into the development of policies of shared interest across the industry, and for directing MBS communications and outreach strategies concerning same. Collaborates with other programs offices within Ginnie Mae to ensure the smooth functioning of the MBS program and the organization in areas of mutual responsibility.

Specific duties include:

• Issuer approval: In collaboration with the Chief Risk Officer (CRO), ensure that applicants for Ginnie Mae approved issuer status are qualified, render decisions about applications, and oversee orientation training onboarding procedures for newly approved issuers.

• Issuer support: Serve as the point of contact for issues relating to issuer participation in the MBS program, such as relating to establishment of activities, purchase of commitment authority, and pooling, delivery or reporting problems and questions. Arrange for the
  effective representation of issuer concerns within Ginnie Mae and be the primary channel for Ginnie Mae engagement with issuers.

• Issuer monitoring: Oversees the operation of systems to monitor the performance of issuers of mortgage-backed securities, security pools and the mortgages in the security pools to ensure sufficient quality of the assets backing Ginnie Mae securities and to mitigate and control risks. This includes management of the compliance review, insurance matching and audited financial statement review processes.

• Issuer transactions: Render decisions (in collaboration with the CRO) as provided for in the delegations of authority and other internal policy documents) about issuer transactions under the MBS program, including commitment authority, transfers of service, pledges of servicing rights, change of control, and credit enhancements.

• Issuer enforcement: Administer actions related to issuer compliance, including notifications of violation and civil money penalties. Oversee the organization's response to events of default, including mitigation or execution of the guaranty. Prepare well-documented recommendations for actions in connection with special situations and or immediate events of default or extinguishments and pursue decision-making according to organizational policy.

• Asset management: Administer assets obtained as a result of issuer extinguishments, including managing master sub-servicer procurement and contract administration, master subservicer activities, and asset disposition activities, including holding for investment, MSR sales, and whole loan and/or reverse mortgage tail securitization.

• Program Development: Direct Ginnie Mae's Program Development Team on emerging areas for strategic initiatives as well as ensure that current program directives are up to date and enhanced as programmatic needs change and evolve.

• Business Voice: Champion strategic initiatives as the key business voice to ensure proper identification and prioritization of business needs and requirements in the policy, technology, and business process areas to move the MBS program forward.

Conditions of employment

• U.S. Citizenship is required.
• Ability to complete personnel security vetting (e.g., investigation, evaluation, and adjudication).
• A one-year probationary period is required, if not previously completed.
• Males must be registered with the Selective Service System. Visit www.sss.gov
• Will be required to submit a Public Financial Disclosure Report (OGE Form 278e).
• Will be required by PL 104-134 to have federal payments made by direct deposit.

Qualifications

Current or Former Political Appointees: The Office of Personnel Management (OPM) must authorize employment offers made to current or former political appointees. If you are currently, or have been within the last five (5) years, a political Schedule A, Schedule C, Noncareer SES or Presidential Appointee employee in the Executive Branch, you must disclose this information on your resume and to the Human Resources Office.

As a basic requirement for entry into the SES, applicants must provide evidence of progressively responsible executive leadership and supervisory experience that is indicative of senior executive level managerial capability. This experience should be sufficiently broad in scope and at a major management level in a large or complex organization. The ideal candidate will have experience supervising many employees through subordinate supervisors and have experience hiring, developing, and evaluating employees. Typically, experience of this nature is at the GS-15 or equivalent level in the federal service or its equivalent in the private sector.

Your application should demonstrate that you possess the knowledge, skills, and abilities to successfully fulfill responsibilities inherent in SES positions such as:

• Leading the work of an organizational unit
• Ensuring the success of one or more specific major programs or projects
• Monitoring progress toward strategic organizational goals, evaluating organizational performance and taking action to improve performance
• Supervising the work of employees, developing policy and other executive functions

If your experience does not include these basic qualifications, you will not be determined qualified for this position.

YOU MUST FULLY ADDRESS EACH MTQ AND ECQ TO BE RATED FOR FURTHER CONSIDERATION.

Current or former career SES employees, or OPM/QRB Candidate Development Program (CDP) candidates are not required to address the ECQs, but MUST fully address the MTQs.

In addition to the qualifying experience, applicants must possess the following technical qualifications that represent the knowledge, skills, and abilities essential to perform the duties and responsibilities of the position.

MANDATORY TECHNICAL QUALIFICATIONS (MTQs): All applicants must submit a written narrative addressing each MTQ separately, not to exceed one (1) page per MTQ. You must fully address each MTQ to be rated for further consideration.

MTQ 1 - Knowledge of and experience in public/private sector housing finance, credit enhancements,
mortgage credit programs, operations of the mortgage banking and financial services
industries.

MTQ 2 - An in-depth knowledge of mortgage-backed securities programs, secondary mortgage markets and US government housing and guaranty programs; and knowledge of corporate risk methodologies and capital markets techniques relating to the housing finance industry,
including portfolio and asset management.

MTQ 3 - Ability to adapt, plan, act and communicate quickly and effectively in a complex financial environment while under considerable pressure.

MTQ 4 - Ability to make clear and concise oral and written presentations to all levels of an organization to a variety of audiences, including high-level officials, government bodies, legislative bodies, or congressional committees.

EXECUTIVE CORE QUALIFICATIONS (ECQs): All applicants must submit a written narrative addressing each ECQ, not to exceed two (2) pages per ECQ for a total of no more than 10 pages. You must fully address each ECQ to be rated for further consideration. Current or former career SES employees, or OPM/QRB Candidate Development Program (CDP) candidates are not required to address the ECQs.

Introduction: The Office of Personnel Management (OPM) has identified five Executive Core Qualifications (ECQs). The ECQs were designed to assess executive experience and potential - not technical expertise. They measure whether an individual has the broad executive skills needed to succeed in a variety of SES positions - not whether they are the most superior candidates for a particular position. Successful competence in the SES requires competence in each ECQ. Candidates must demonstrate executive experience in all five (5) ECQs. Your application should reflect an overall record of the knowledge, skills and abilities necessary to succeed in the SES.

Examples of good qualifications statements and the use of the C-C-A-R model (Challenge/Context/Action/Results), the preferred method of writing your ECQs, is provided in OPM's Guide to SES Qualifications.

Format: For each of the five ECQs, provide two examples of your qualifications using the four C-C-A-R elements.

1. Challenge - Describe a specific problem or goal.

2. Context - Talk about the individuals and groups you worked with, and/or the environment in which you worked to tackle a particular challenge (e.g., clients, co-workers, members of Congress, shrinking budget, low morale).

3. Action - Discuss the specific actions you took to address a challenge.

4. Results - Give specific examples of the results of your actions. These accomplishments demonstrate the quality and effectiveness of your leadership skills.

NOTE: Your responses to the five ECQs must describe the context and the results of your achievements in lay terminology, free of jargon and excessive reliance on acronyms.

ECQ 1 - LEADING CHANGE - This core qualification involves the ability to bring about strategic change, both within and outside the organization, to meet organizational goals. Inherent to this ECQ is the ability to establish an organizational vision and to implement it in a continuously changing environment. (Competencies: creativity and innovation, external awareness, flexibility, strategic thinking and vision).

ECQ 2 - LEADING PEOPLE - This core qualification involves the ability to lead people toward meeting the organization's vision, mission, and goals. Inherent to this ECQ is the ability to provide an inclusive workplace that fosters the development of others, facilitates cooperation and teamwork, and supports constructive resolution of conflicts. (Competencies: conflict management, leveraging diversity, developing others and team building).

ECQ 3 - RESULTS DRIVEN - This core qualification involves the ability to meet organizational goals and customer expectations. Inherent to this ECQ is the ability to make decisions that produce high-quality results by applying technical knowledge, analyzing problems, and calculating risks. (Competencies: accountability, customer service, decisiveness, entrepreneurship, problem solving and technical credibility).

ECQ 4 - BUSINESS ACUMEN - This core qualification involves the ability to manage human, financial, and information resources strategically. (Competencies: financial management, human capital management and technology management).

ECQ 5 - BUILDING COALITIONS - This core qualification involves the ability to build coalitions internally and with other Federal agencies, State and Local governments, nonprofit and private-sector organizations, foreign governments, or international organizations to achieve common goals. (Competencies: partnering, political savvy and influencing/negotiating).

Detailed information on the Executive Core Qualifications is available here.

Should you require additional guidance in writing your ECQs, please click below:ECQ Template

How you will be evaluated

You will be evaluated for this job based on how well you meet the qualifications above.

Applicants are required to submit a narrative statement for each Executive Core Qualification (ECQ) listed and each Technical Qualification (TQ). If you are currently serving under a career Senior Executive Service (SES) appointment, are eligible for reinstatement into SES, or have successfully completed a SES Candidate Development Program (CDP) approved by the Office of Personnel Management (OPM) and had your ECQs certified by OPM, then you only need to address each TQ, and you do not need to submit an ECQ narrative.

All other applicants are required to respond to all ECQs and TQs, addressing each ECQ and TQ separately. Please give a complete and detailed answer for each qualification. Please keep in mind each ECQ and TQ are unique qualifications. Therefore, duplicate responses are not sufficient in determining if you meet that specific qualification.

Do not enter "Refer to Resume" to explain your answer. Applications directing the reader to search within the application or to "See Resume" are considered incomplete and WILL NOT BE CONSIDERED.

Failure to submit a narrative statement or address any of the ECQs and/or TQs is also considered incomplete and WILL NOT BE CONSIDERED. As a result, you will be rated as "INCOMPLETE".

How you will be evaluated:
The servicing Human Resources Specialist will forward all minimally qualified applicants to be evaluated by a Rating and Ranking Panel of senior managers to determine the degree to which they possess the executive core and professional/technical qualifications, and best qualified candidates may undergo an interview and a reference check. The Panel will make recommendations on best/highly qualified candidates to the appointing authority. Applicants will be evaluated on the quality and extent of their total accomplishments, experience, the ECQs, and the TQs.

Veterans' preference: Is not applicable to positions in the Senior Executive Service.