Summary
This position is located in the Division of Complex Institution Supervision and Resolution (CISR), Resolution Readiness Branch of the Federal Deposit Insurance Corporation and is responsible for executing the FDIC's supervision and resolution authorities for large, complex financial institutions (LCFIs).
Additional selections may be made from this vacancy announcement to fill identical vacancies that occur subsequent to this announcement.
This job is open to
Clarification from the agency
All United States Citizens. Applicants with status or those eligible under special hiring authorities, should apply under FDIC merit promotion announcement 2024-CISR-B520. However, if you desire consideration also under this public non-status announcement, you must apply to both. Status applicants are current permanent Federal employees in the competitive service and former Federal employees with reinstatement eligibility.
Duties
- Develops and analyzes financial institution resolution strategies under a variety of legal regimes, including, restructuring, bankruptcy, recapitalization, mergers and acquisitions, wind down and liquidation for the largest and most complex financial institutions.
- Prepares horizontal analyses across large, complex financial institutions (LCFIs) and vertical analyses within the individual LCFI. Coordinates due diligence efforts and tests contingency plans to resolve all LCFIs and develops institution-specific resolution plans for LCFIs under applicable authorities.
- Coordinates with other divisions of FDIC to develop and ensure a consistent approach to resolution strategy and supervision activity that would be affected by the insolvency of a large financial institution and the credibility of identified steps to effect an orderly resolution.
- Reviews plans to assess the impact of large financial institution(s) insolvency on U.S. financial stability and the credibility of identified steps to mitigate such impact.
- Participates in exercises and testing (tabletops, simulations), in coordination with other sections across the Branch. Participates in meetings with other domestic and international supervisory and regulatory agencies, representatives of financial institutions, and private industry.
- Develops and communicates highly technical information, both orally and in writing, to audiences within and outside the Division, including senior FDIC officials, peers and management of other domestic and foreign authorities as well as private sector executives.
Requirements
Conditions of Employment
Registration with the Selective Service.
U.S. Citizenship is required.
Employment Conditions.
Completion of Financial Disclosure may be required.
Background Investigation (BI) 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 grade 14 level or above in the Federal service. Specialized experience is defined as experience analyzing, developing, or evaluating financial institution resolution plans or performing resolution analysis for a large financial institution (e.g. bank/bank holding company, insurance company, or broker-dealer) with assets in excess of $50 billion OR experience in corporate restructuring, workouts, or bankruptcy.
Applicants eligible for ICTAP (Interagency Career Transition Assistance Program) must achieve a score of 80 or higher in the online assessment to be determined “well qualified” for this position. For more information, click here.
Education
There is no substitution of education for the experience for this position.
Benefits
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.
How You Will Be Evaluated
You will be evaluated for this job based on how well you meet the qualifications above.
Your resume and the online assessment questionnaire will be reviewed 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.
Your resume will also be evaluated to measure your responses to the assessment questions. 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; and laws and regulations governing the largest financial institutions and bank holding companies.
- Knowledge of financial institution restructuring, bankruptcy, recapitalization, mergers and acquisitions, bridge entities, resolution strategies, capital markets, global financial markets, financial institution valuations, financial derivatives, structured finance activities, trading book activities, and creditor claims.
- Ability to collect, review and analyze financial and non-financial data from a variety of sources, and develop conclusions.
- Knowledge of capital adequacy which may include direct and independent participation on examinations to assess wholesale and retail credit, investment portfolios, foreign exposure, earnings, and the Allowance for Loan Lease Losses.
- Knowledge of liquidity planning, management, and adequacy for resolution purposes to include direct participation in review activities for Insured Depository Institutions, Systemically Important Financial Institutions, and financial institutions.
- Skill in delivering oral presentations on financial industry issues to a variety of audiences both within and outside the Corporation.
- Skill in written communication to develop presentations.
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.
You may preview questions for this vacancy.
Required Documents
Failure to provide all of the required documentation as stated in this vacancy announcement, may result in an ineligible determination or may affect your consideration status. Please review the following to determine your eligibility and which document(s) is required to complete your application.
VETERANS’ PREFERENCE: If you are claiming veterans’ preference, click here. (Note: Veterans must submit the Member 4 copy of the DD 214, Certificate of Release or Discharge from Active Duty – or other copy showing the type of discharge/character of service [e.g., Honorable, Under Honorable Conditions, etc.] along with any other required documents (e.g., DD-214, VA Letter, SF-15, etc.) to demonstrate veterans’ preference eligibility.)
INTERAGENCY CAREER TRANSITION ASSISTANCE PROGRAM (ICTAP): If you are a displaced or surplus Federal employee eligible for consideration under the ICTAP, you must submit proof of eligibility. For more information, click here.
If you are relying on your education to meet qualification requirements:
Education must be accredited by an accrediting institution recognized by the U.S. Department of Education in order for it to be credited towards qualifications. Therefore, provide only the attendance and/or degrees from
schools accredited by accrediting institutions recognized by the U.S. Department of Education.
Failure to provide all of the required information as stated in this vacancy announcement may result in an ineligible rating or may affect the overall rating.
How to Apply
To begin, click the “Apply” button and follow the prompts. If you haven’t already, register and establish a USAJOBS account. After you register online, click the “Apply” button to complete the online assessment questionnaire, and submit all required documents. Please be sure to click “Submit Application” to complete the application process. You must apply online.
Applicants requesting an exception from the online process must contact the Human Resources Specialist or point of contact listed in this announcement prior to 12:00 noon local time on the closing date.
To return to your saved application, log in to your USAJOBS account and click on “Applications” tab. Click on the “Position Title,” and then select “Update Application” or “Additional Application Information” to continue.
You have until 11:59 p.m. ET (Eastern Time) on the closing date of this announcement to complete the application process.
Please ensure you have completed the application process by verifying the status of your application on-line to reflect: “Received”. Failure to complete the application process will result in an incomplete application and you will not be considered for the position.
Next steps
You may check the status of your application on-line 24 hours a day, 7 days a week through USAJOBS by signing in and selecting "Application Status." Thank you for your interest in working for the Federal Deposit Insurance Corporation.
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