The position is located in the Federal Deposit Insurance Corporation (FDIC), Division of Finance, Treasury, Operations Section, in Washington, D.C. Salary reflects a pay cap for this position of $275,000. FDIC Corporate Managers (CM) are in the Federal competitive service and not in the Senior Executive Service (SES).

Duties

Provides direction and oversight to establish, maintain, reconcile and monitor invoices for all banking services with the U.S. Treasury, Federal Reserve Banks, Federal Home Loan Banks, and commercial and other banks or financial institutions on behalf of Deposit Insurance Fund (DIF). Oversees approved automated clearing house (ACH) transactions (including the quarterly assessment collection ACH), wire transfers, and other funds transfer activities, including corporate checks, Intra- governmental Payments and Collections (IPACs), and other inter-fund and intergovernmental transfers.  Manages the cash and investments systems by overseeing the access, operation, and accuracy of all systems, including the New Financial Environment (NFE) for transactions posting to the corporate general ledger and for check printing; various US Treasury applications including the Secure Payment System, the Central Accounting Reporting System (CARS) and IPAC; and PORTIA (the investment portfolio system), FEDline, and proprietary software. Assists the Deputy Director with the efficiency and productivity of Treasury Operations including making and implementing divisional and corporate policy. Directs the development and documentation of all policies and procedures. Serves as manager of Treasury Operations Sections annual assurance statement. Advises senior management on and participates directly with senior management in the development of proposed strategic and short-term goals and objectives of the funding, investment and cash management program. Directs the development of implementation plans within designated timeframes. Manages daily funding of FDIC Corporate operations by identifying, documenting and tracking cash receipts and cash disbursements, initiating daily funding wires to cover disbursements from the commercial bank account, tracking and recording investment income, and determining cash resources in excess of daily funding requirements. Serves as an FDIC expert on policy, procedure, laws, regulations, and other matters relating to DIF funding, investment, and cash management. Provides oversight of the FDIC Savings Plan by overseeing the contract of the FDIC Savings Plan Committee’s outside financial advisor, maintaining and periodically updating the FDIC Savings Plan Investment Policy, working with staff from the Division of Administration and Legal to provide support to the FDIC Savings Plan Committee on a range of 401 (k) issues such as employee communications, financial analysis of existing and potential investment options, and other related topics. Negotiates and periodically updates any formal line of credit agreements or Note Purchase Agreements (NPAs) for the DIF, and any formal memorandum of understanding (MOU) for the Orderly Liquidation Fund (OLF). Analyzes the credit quality of all major banks, brokers/dealers, custodians, and issuers of securities authorized for investment. Oversees the purchase and/or sale of longer-term nonmarketable Treasury securities through the Government Account Series Program, in a manner that is consistent with the quarterly investment strategy of the FDIC’s Investment Advisory Group. Maintains liaison with other Federal agencies and consultants to keep abreast of government-wide initiatives and industry trends affecting the funding, investment, and cash management programs. Represents the FDIC and establishes and maintains contact with professional cash and investment management organizations, counterparts in other divisions/offices of FDIC, and internal customers of the Division of Finance. Serves as principal advisor on cash management and investment-related matters to the Deputy Director. Serves as the Corporate subject matter expert on funding issues related to the Corporation’s Orderly Liquidation Authority (OLA). Develops policies and procedures related to the Corporation’s borrowing and repayment of OLF financing in the event of a Title II failure. Participates on agency-wide and/or interagency exercises to ensure operational readiness.  Fulfills all supervisory responsibilities including, but not limited to, assigning and reviewing work products, assessing employee performance, providing counseling and coaching as necessary, reviewing and approving leave, training and travel requests. Manages performance effectively and provides guidance and feedback to assist others in enhancing their knowledge, skills and abilities. Directs and coordinates training and development of staff. Ensures that Equal Employment Opportunity (EEO), Diversity, Equity, Inclusion, and Accessibility (DEIA), employee development, employee performance, and other personnel plans, processes, and programs are executed equitably consistent with Corporate policy, legal requirements, and the mission of the Division; organizes, coordinates, and manages the work of diverse teams of employees by assigning work, developing employee skills, assessing/monitoring employee performance, and promoting inclusion.

Requirements

Qualifications

To meet the minimum qualifications, applicants must possess the following leadership and technical experiences. These qualifications would typically be gained through serving in roles that require managing projects/teams or guiding the technical work of others. 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, skills, and abilities 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. MINIMUM QUALIFICATIONS: All applicants must submit a resume that addresses each minimum qualification experience. Examples should be clear, concise, and emphasize your level of responsibilities; the scope and complexity of the programs, activities, or services you managed; program accomplishments; policy initiatives undertook; level of contacts; the sensitivity and criticality of the issues you addressed; and the results of your actions. You should use action-oriented leadership words to describe your experience and accomplishments and quantify your experience wherever possible to demonstrate your accomplishments (e.g., number of employees supervised). Leadership Experience: Experience in leading and coordinating projects, including establishing expectations, reviewing work products/services, monitoring progress, and providing guidance and feedback to team members. Technical Experience 1: Experience in evaluating cash management policies and procedures and making changes. Technical Experience 2: Experience in recording and accounting for investment related transactions, monitoring and reconciling investment-related accounts.

Education

There is no substitution of education for the experience for this position.

Contacts

• Address Federal Deposit Insurance Corporation Human Resources Branch, Executive Services Staff 3501 Fairfax Dr. Room VS-D3026 Arlington, Virginia 22226 United States
• Name: Kaitlin McGrath
• Phone: 703-220-1505
• Email: [email protected]