JOE Listings (Job Openings for Economists)

August 1, 2022 - January 31, 2023

Federal Housing Finance Agency

This listing is inactive.
Division of Bank Regulation

JOE ID Number: 2022-02_111470816
Date Posted: 10/27/2022
Date Inactive: 01/31/2023
Position Title/Short Description
Title: Economist
Section: Full-Time Nonacademic
Location: Washington, District of Columbia, UNITED STATES
JEL Classifications:
00 -- 00 - Default: Any Field
C -- Mathematical and Quantitative Methods
D -- Microeconomics
G -- Financial Economics
G2 -- Financial Institutions and Services
H -- Public Economics
L -- Industrial Organization
P -- Political Economy and Comparative Economic Systems
R -- Urban, Rural, Regional, Real Estate, and Transportation Economics
Applied Microeconomics
Salary Range: $160,000 - $167,089 per year
Full Text of JOE Listing:

FHFA’s Division of Bank Regulation

As an independent federal agency, FHFA is responsible for the effective supervision, regulation, and housing mission oversight of the Federal Home Loan Bank System, Fannie Mae, and Freddie Mac. Economists in the Division of Federal Home Loan Bank Regulation assist in the examination and oversight of the 11 Federal Home Loan Banks and contribute to policy work including producing monitoring reports and conducting research and development concerning:
• Debt and housing markets
• Economic and financial risks
• Modeling approaches
• Market, credit, and climate risk stress testing
• Model risk management practices

You will work on a team of economists and will have opportunities to collaborate with experienced bank examiners, modeling experts, and researchers. Areas of focus cover collateral valuation, credit risk modeling, counterparty risk modeling, credit-ratings modeling, risk modeling of mortgage portfolios, and risk-based capital policy including market, credit, and climate risk stress testing.

Economist Position
FHFA anticipates at least one opening in the Division of Federal Home Loan Bank Regulation available in 2023. A PhD in economics is preferred. Candidates should possess strong applied empirical skills and be able to effectively communicate quantitative ideas to an internal and external audience, both verbally and in writing. The position involves collaboration and communication with bank and examination staff while reviewing modeling approaches and writing modeling recommendations.

Prior experience in financial regulation, credit and market risk modeling, housing policy, mortgage markets, or capital markets is beneficial but not required. Periodic travel within the U.S. may be required once pandemic-related telework is relaxed. Salary dependent on education and experience. 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.

Application Requirements:
  • External Application URL and Instructions Below
  • Letters of Reference Instructions Below
Application deadline: 03/31/2023
Reference Instructions:
Separately, please arrange for three letters of reference to be sent to, with the subject line: “Reference for [Applicant’s name”].
Application Instructions:
Application Requirements
• Must apply through the external application link below.
• Must upload resume through external application link.
• Must upload Job Markets Paper.
• Must upload transcripts. Can be unofficial.
• Must submit Letters of Reference. Please see instructions below
• Application deadline: 3/31/2023

Interested applicants should apply through:

The application process requires a resume/curriculum vitae, a jobs market paper, and transcripts along with the application.

Separately, please arrange for three letters of reference to be sent to, with the subject line: “Reference for [Applicant’s name”].

For more information about the FHFA or this position, please contact Janice Obeido, Office of Human Resources at the Federal Housing Finance Agency at

FHFA is an Equal Opportunity Employer.

US Citizenship is required.