Senior Large Financial Institution Resolution Specialist, CG-1101-15 Job

Vacancy No. 2024-DRR-DB942 Department Federal Deposit Insurance Corporation
Salary $160,587.00 to $252,500.00 Grade 15 to 15
Perm/Temp Permanent FT/PT Full-time
Open Date 12/10/2024 Close Date 12/23/2024
Job Link Apply Online Who may apply Public
Locations:
San Francisco, CAWashington, DCAtlanta, GAChicago, IL


Summary

This position is located in the Division of Resolutions and Receiverships (DRR) and is responsible for identifying and monitoring inherent resolution risk in large insured depository institutions (LIDI).

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

This position is open to all United States Citizens. Applicants with status or those eligible under special hiring authorities, should apply under FDIC merit promotion announcement 2024-DRR-B942. 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

  • Monitors resolution risks in a portfolio of LIDIs, including those subjects 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.
  • Serves as a technical expert for all matters pertaining to resolution planning programs and develops, implements, and monitors compliance with programs established to assess insured depository institution compliance with Section 360.10 of the FDIC Rules and Regulations.
  • Designs and proposes to senior management written resolution strategies for LIDIs or other large financial institutions 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.
  • Participates and assumes leadership in the development, evaluation, and implementation of policies and procedures related to identifying and monitoring financial institution operational and balance sheet complexity and resolution risk.
  • Conducts outreach to new and existing CIDIs, 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 regulators and financial institutions to preserve open and regular exchange of information between the organizations.
  • Supports the Chief, Large Financial Institution Resolution Planning with pre-closing logistical issues between RMS, DCP, and other state and federal regulatory agencies and DRR, with download requests, resolutions, access to the failing banks and to examiners with knowledge of the failing banks and bid list criteria and bidder approvals. At the direction of the divisional management, coordinates with RMS and DCP to obtain closing staff to augment DRR staffing when needed. 

Requirements

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 14-grade level or above in the Federal service.  Specialized experience is defined as experience in all of the following:  (1) Identifying and monitoring financial, operational, or resolution risks in large financial institutions;  (2) Developing written reports of banking risks and trends or strategies to resolve failing institutions; (3) Preparing or evaluating the credibility of bank resolution submissions; (4) Developing and implementing organizational policies, procedures, or guidance on banking operations, regulatory matters, or resolution planning programs; and (5) Summarizing and reporting on issues to senior management, other agencies, or members of the financial industry.

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.

Additional information

If selected, you may be required to serve a probationary period.

Selectee(s) for this position will be required to report to their duty station office two days per week.

The range of pay shown includes base pay plus supplemental locality adjustments. The locality rates for these duty locations range from a low of 18.65% to a high of 51.75%. Pay will vary by grade level and the locality rate for the geographic location where the selectee is located. For more on FDIC locality rates, click here.

Salary reflects a pay cap for this position of $252,500

The duty location is determined upon selection. This position may be filled in either location listed on this vacancy announcement.  If selectee is in the commuting area of Washington, D.C. or one of the six (6) Regional Offices listed, relocation will not be paid.

To read about your rights and responsibilities as an applicant for Federal employment, click here.

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.

  1. Skill in applying financial institution operations, examination, or resolution methods, techniques, and procedures to identify problems or trends and resolution challenges, devise analytical approaches, and form conclusions and recommendations, including program changes.
  2. Ability to conduct financial and operational analyses of the largest financial institutions and develop reports and briefings on risks and trends for use by senior executives within the FDIC or externally.
  3. Ability to develop guidelines, processes, or procedures related to the resolutions and receivership issues.
  4. Ability to establish and maintain working relationships with executive managers within the FDIC, other financial regulatory agencies, senior industry representatives, international regulatory authorities, or Congressional staff.
  5. Ability to develop and deliver presentations and to communicate verbally, complex financial institution and market issues to audiences within the Corporation and represent the FDIC at high-level industry events.
  6. Ability to develop and deliver presentations and to communicate in writing, complex financial institution and market issues to audiences within the Corporation and represent the FDIC at high-level industry events.
  7. Knowledge of the market implications of failing insured depository institutions and the FDIC’s role as receiver in context of resolution strategies and considerations, including purchase and assumption, bridge entities, and creditor claims. 

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

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.

Agency contact information

FDIC
Phone
000-000-0000
TDD
1-800-925-4618
Fax
000-000-0000
Email
DallasJobs@fdic.gov
Address
Federal Deposit Insurance Corporation
FDIC Human Resources Branch
600 North Pearl Street Suite 700
Dallas, Texas 75201
United States
Learn more about this agency

Next steps

The Fair Chance Act prohibits inquiries concerning an applicant's criminal history information unless the hiring agency has made a conditional (tentative) offer of employment to the applicant. An applicant may submit a complaint, or any other information, to the agency within 30 calendar days of the date of alleged non-compliance by contacting the Federal Deposit Insurance Corporation’s Human Resources Staffing Policy and Accountability team at HRPolicyTeam@fdic.gov

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.


Note: We cannot accept applications on behalf of Federal Agencies. Application instructions are listed within the Job Description.