Senior Vice President - Office of Securities Operations

Senior Vice President - Office of Securities Operations

Department of Housing and Urban Development

Government National Mortgage Association (Ginnie Mae)

Summary

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.

Duties

The position of Senior Vice President of the Office of Securities Operations (SVP-OSO) is located within Ginnie Mae and reports to the Executive Vice President & Chief Operating Officer (EVP/COO). The incumbent is responsible for directing Ginnie Mae's day-to-day back-office functions necessary to administer Ginnie Mae's mortgage-backed securities (MBS) program. Primary back-office functions include issuance of new securities; collection of pool factors' timely and accurate payments to security holders; collection, processing and analyses of monthly pool and loan level accounting reports; daily, weekly, and monthly disclosures on outstanding Ginnie Mae securities; transfer of mortgage servicing rights; transfer of security ownership; and collection of monthly guaranteed fees. In addition, it works closely with the other six Ginnie Mae Program offices in implementing new programs and products. Primary areas of responsibility of the Senior Vice President of the Office of Securities Operations are to set the strategic direction for and administer all day-to-day back-office functions in support of Ginnie Mae's mortgage-backed securitization platform; and establish the vision for and direct the broad strategies that drive Ginnie Mae's multi-year transformation and modernization initiative. More specifically, responsibilities include:

Manage the people, processes, and budget responsibilities associated with Ginnie Mae's bond administration functions of its MBS program. The bond administration functions consist of meeting the timely and accurate monthly reporting cycles for the new MBS pool issuance, MBS pool factor updates, securities data disclosure, and investor remittance activities. Ginnie Mae's bond administration functions are deemed "vital functions" by the United States Department of Treasury.

Define business and operational plans in collaboration with Ginnie Mae Program Offices to meet evolving business initiatives. These multi­year business transformation initiatives consists of the complete systems modernization of the MBS processing functions. All project management functions are controlled by the SVP-OSO to assure the development of requirements, specifications, business validation testing, and implementation of systems interfaces with MBS Issuers, Servicers (including Servicers, Sub-servicers), Document Custodians, MBS Dealers, Paying Agent, and Securities Trustees. The business transformation is enabled by digital transformation capabilities.

Manage, control, and evaluate performance of the external contractors aligned with the bond administration functions. Significant contracts include the Pool Processing Agent, MBS Administrator, and Paying Agent. The SVP-OSO will be responsible for the budget, authorization of contractor payments, and for the development of the scope, responsibilities and contract values associated with the Federal Acquisition Regulation for re-competing these contracts.

Lead and manage the Office of Securities Operations (OSO), which has responsibility for the Operations Division, Program Administration Division and other supporting functions. The OSO program office is composed of a team of professional staff aligned with the bond administration, project management, and contract management responsibilities described above. The SVP-OSO will ensure that the OSO staff achieves high standards for productivity and timely performance measures associated with the Program Offices' mission.

Perform other duties as assigned.