The Federal Deposit Insurance Corporation (FDIC) is one of the most respected forces in America's financial community. Our mission is to maintain stability and public confidence in the nation's financial system by insuring deposits, examining and supervising financial institutions, and managing receiverships.
The FDIC is ranked as the Number #1 best place to work among mid-sized agencies in the Federal Government.
This position is located in the Office of Complex Financial Institutions (OCFI), Systemic Resolutions Planning & Implementation Group of the Federal Deposit Insurance Corporation and has a dual focus as required under the Dodd-Frank Act. The Resolution Planning, Policy Review & Enforcement Branch focuses on the firm-developed resolution plans (recovery plans) required under Title I of the Dodd-Frank Act. These plans are developed by bank holding companies and nonbanking firms to prepare for an event of material financial distress or insolvency should the firm file for bankruptcy. The branch's mission encompasses recommending policy changes, standards, procedures related to the review of such plans; the actual conduct of such reviews (jointly with the Federal Reserve); making findings of deficiencies; and, assisting with the enforcement of mitigating actions. The Resolution Strategy & Implementation Branch focuses on the FDIC-plans, strategies and readiness efforts for troubled Systemically Important Financial Institutions (SIFIs) as required under Title II of the Dodd Frank Act. These resolution plans encompass the FDIC's internal resolution planning in the event of a firm's insolvency and a systemic risk determination being made appointing the FDIC as receiver. The Branch's mission encompasses developing strategies and policies for FDIC to resolve the entity at lowest cost to the creditors while mitigating systemic risk to the economy as a whole. In addition, the mission also encompasses FDIC corporate readiness, in conjunction with the Division of Resolutions and Receiverships (DRR), to implement the resolution strategy.
The range of pay shown includes base pay plus supplemental locality adjustments. The locality rates for these duty locations range from a low of 19.86% to a high of 33.00%. Pay will vary by grade level and the locality rate for the geographic location where the position is located. For information on FDIC locality rates, click here.
- Employment Conditions
- This position requires frequent overnight travel.
- U.S. Citizenship is required.
- Employee may be relocated to any duty location to meet management needs.
- Registration with the Selective Service.
- Serves as an OCFI team member for SIFI's with assets over $50 billion. Teams will be cross-divisional and cross-OCFI groups and could include (but will not be limited to) members from the monitored institution, the OCFI Title I group, the OCFI Title II group, the OCFI International Group, the Legal Division, the Division of Resolutions and Receiverships, supplemented by horizontal experts from the Monitoring Group (any horizontal analysis would depend on the institution, for example, derivatives, broker dealer, and/or global payments).
- Drafts and performs preliminary analysis of financial institution restructuring, bankruptcy, recapitalization, mergers and acquisitions, bridge entities, resolution strategies and creditor claims.
- Prepares drafts of horizontal analyses (across SIFIs) and vertical analyses (within the individual SIFI) and makes draft recommendations for progress of resolution plans and/or recovery efforts. Participates in due diligence efforts and tests contingency plans to resolve all SIFIs and draft actual resolution plans for troubled SIFIs.
- Drafts resolution/recovery plan strategies including the description of corporate structures, main business lines, assets, liabilities, and contract obligations; identification of inter-group guarantees; credit exposures; major counterparties; cross-border issues; funding; and other information required.
- Reviews recovery plans to assess the impact of the SIFI(s) insolvency on U.S. financial stability and the credibility of identified steps to mitigate such systemic impacts, such as global payment operations, derivatives, liquidity, and/or credit (horizontal analysis).
- Performs research and analysis to assure that resolution/recovery plans include information on the manner in which affiliated insured depository institutions are protected; description of ownership structures, assets, liabilities, and contract obligations; identification of inter-group guarantees on security and major counterparties; and other information required.
Applicants must have 1 year specialized experience equivalent to the grade 12 level in the Federal service analyzing credible resolution strategies and operational plans (i.e., corporate restructuring, workouts and/or bankruptcy) and/or capital markets, (i.e., financial derivatives, liquidity management, trading book activities, valuations and/or treasury management) for a complex financial institution with assets in excess of $50 billion. Experience must have been obtained during a worldwide economic downturn or financial crisis.
There is no substitution of education for the required experience qualification requirements above. Applicants eligible for CTAP (Career Transition Assistance Program) or ICTAP (Interagency Career Transition Assistance Program) must achieve a score of 85 or higher in the online assessment to be determined "well qualified" for this position. For more information, click here .
Completion of Confidential Financial Disclosure may be required.
Moderate Risk Position - Minimum Background Investigation (MBI) required.
HOW YOU WILL BE EVALUATED:
Your resume will be reviewed, including the online assessment questionnaire, to determine whether you meet the qualification requirements outlined in this announcement. Therefore, it is imperative that your resume contain sufficiently detailed information upon which to make the qualification determination. Please ensure that your resume contains specific information such as position titles, beginning and ending dates of employment for each position, average number of hours worked per week, and if the position is/was in the Federal government, you should provide the position series and grade level. If you rated yourself higher on the questionnaire than what is supported by your resume, your overall qualifications assessment may be adversely affected. If you are found qualified, you will be placed in one of three categories: Best Qualified, Highly Qualified, or Qualified.
These category assignments are a measure of the degree in which your background and responses to the assessment questions match the competencies/knowledge, skills, and abilities (KSAs) listed below. Within these categories, candidates eligible for veterans preference will receive selection priority over non-veterans.
Knowledge of banking, accounting, finance, and statistical methods governing large, complex financial institutions and bank holding companies with assets in excess of $50 billion, and the ability to apply this knowledge to highly complex issues to develop, review, analyze and evaluate resolution strategies and plans.
Knowledge of any or all of the following: capital markets, global financial markets, financial institution valuations, financial institution operations and management, financial derivatives, complex structured finance activities, and trading book activities.
Knowledge of financial institution resolution and receivership or bankruptcy, including receivership law, bridge entities, resolution strategies and creditor claims.
Knowledge of and/or experience with global financial markets, financial activities, and financial institution operations and management, as well as technical knowledge of off-balance sheet financial derivatives, complex structured finance activities, trading book activities exposures, and quantitative measures used in managing credit, liquidity, and operational risk of the nation's largest financial institutions.
You do not need to respond separately to these KSAs. Your answers to the online questionnaire and resume will serve as responses to the KSAs.
To preview questions please click here .
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 .
Relocation benefits may be provided in accordance with FDIC's General Travel Regulations.
To read about your rights and responsibilities as an applicant for Federal employment, click here .
Additional selections may be made from this vacancy announcement to fill identical vacancies that occur subsequent to this announcement.
If selected, you may be required to serve a probationary period.