Summary
This position is located in the Division of Resolutions and Receiverships (DRR), Resolution Strategy Branch of the Federal Deposit Insurance Corporation. The incumbent is responsible for identifying and monitoring inherent resolution risk in large insured depository institutions (LIDI) and performs financial and operational analyses and other work.
Additional selections may be made from this vacancy announcement to fill similar vacancies that occur subsequent to this announcement.
Learn more about this agency
Duties
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- Monitors resolution risks in a portfolio of large banks, including those subject to, or approaching the asset threshold for compliance with Part 360.10 of the FDIC Rules and Regulations to identify potential issues and obstacles related to resolution and receivership.
- Prepares reports and presentations of resolution risks on a portfolio of large banks and analyzes operational complexity and financial information including reports of liquidity, corporate structure, asset mix, capitalization structure, physical and intangible assets, subsidiaries, affiliates, and financial and managerial practices.
- Designs and proposes to senior management written resolution strategies for large banks that account for the unique profile of individual institutions or types of institutions and identifies relevant operational impediments, policy considerations, potential systemic risks, asset and franchise value components, and possible approaches to restructure and exit from resolution.
- Supports pre-closing logistical issues between the Division of Risk Management (RMS), the Division of Depositor & Consumer Protection (DCP), and other state and federal regulatory agencies and DRR, such as data requests, access to the failing banks and to examiners with knowledge of the failing banks, and bid list criteria and bidder approvals.
- Conducts outreach to large banks, Primary Federal Regulators, and chartering authorities to ensure stakeholders remain abreast of Part 360.10 requirements and relevant updates.
- Establishes and maintains cooperative relationships with other Divisions within FDIC, other regulators and financial institutions to preserve open and regular exchange of information between the organizations.
Requirements
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Conditions of employment
Registration with the Selective Service.
U.S. Citizenship is required.
Employment Conditions.
Completion of Confidential Financial Disclosure may be required.
Minimum Background Investigation (MBI) required.
Qualifications
Qualifying experience may be obtained in the private or public sector. Experience refers to paid and unpaid experience, including volunteer work done through National Service programs (e.g., Peace Corps, AmeriCorps) and other organizations (e.g., professional; philanthropic, religious/spiritual; community; student, social). Volunteer work helps build critical competencies, knowledge, and skills and can provide valuable training and experience that translates directly to paid employment. You will receive credit for all qualifying experience, including volunteer experience. Additional qualifications information can be found here.
To qualify, applicants must have completed at least one year of specialized experience equivalent to at least the
CG/GS-13 grade level or above in the Federal service. Specialized experience is experience in
3 or more of the following:
1) Identifying and monitoring financial, operational, or resolution risks in multi-billion dollar financial institutions; 2) Developing written reports on banking risks and trends or strategies to resolve failing institutions by applying laws and regulations pertaining to the safety and soundness or resolution of financial institutions; 3) Preparing or evaluating the credibility of bank resolution submissions required by Section 360.10 of FDIC Rules and Regulations; 4) Implementing organizational policies and guidance on banking operations, regulatory matters, or resolution planning programs; 5) Summarizing and reporting on banking issues to senior management within divisions of the Corporation, as well as other agencies and members of the financial industry.
Applicants must have met the qualification requirements (including selective placement factors - if any) for this position within 30 calendar days of the closing date of this announcement.
Applicants eligible for ICTAP (Interagency Career Transition Assistance Program) must achieve a score of 85 "well qualified" for this position. For more information, click here.
For qualification determinations, your resume must contain the following for each work experience listed:
- Organization/Agency's Name
- Title
- Salary (series and grade, if applicable)
- Start and end dates (including the month and year)
- Number of hours you worked per week
- Relevant experience that supports your response to the specialized experience that is stated in the job announcement
If your resume does not contain this information, your application may be marked as incomplete and you may not receive consideration for this position.
NOTE: Please indicate how you meet the specialized experience under each applicable position. Do not copy and paste the duties or specialized experience from this announcement into your resume as that will not be considered a demonstration of your qualifications.
Education
There is no substitution of education for the experience for this position.
Additional information
The range of pay shown includes base pay plus supplemental locality adjustments. The locality rates for these duty locations range from a low of 27.26% to a high of 40.07%. Pay will vary by grade level and the locality rate for the geographic location where the position is located. For more on FDIC locality rates, click here.
Salary reflects a pay cap for this position of $257,500.
If selected, you may be required to serve a probationary or trial period as applicable to appointment type. During the probationary or trial period, you will be evaluated for fitness and whether your continued employment advances the public interest. In determining if your employment advances the public interest, we may consider:
- your performance and conduct;
- the needs and interests of the agency;
- whether your continued employment would advance organizational goals of the agency or the Government; and
- whether your continued employment would advance the efficiency of the Federal service.
Upon completion of your probationary or trial period your employment will be terminated unless you receive certification, in writing, that your continued employment advances the public interest.
To read about your rights and responsibilities as an applicant for Federal employment, click here.
This position may be filled in either Dallas, TX, Washington, DC. or New York, NY. However, relocation expenses are not authorized for selectees currently assigned or located within the local commuting area of Dallas, TX, Washington, DC or New York, NY.
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Candidates should be committed to improving the efficiency of the Federal government, passionate about the ideals of our American republic, and committed to upholding the rule of law and the United States Constitution.
Benefits
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A career with the U.S. government provides employees with a comprehensive benefits package. As a federal employee, you and your family will have access to a range of benefits that are designed to make your federal career very rewarding. Opens in a new windowLearn more about federal benefits.
In addition to the regular benefits offered by Federal agencies, the FDIC offers additional benefits to its employees. These benefits, some at minimal cost, are some of the best and most competitive in both the private and public sectors.
To find out more, click here.
Eligibility for benefits depends on the type of position you hold and whether your position is full-time, part-time or intermittent. Contact the hiring agency for more information on the specific benefits offered.