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Job opening: Senior Joint Venture Transaction Specialist, CG-1104-14

Salary: $146 028 - 250 360 per year
Relocation: YES
Published at: May 16 2024
Employment Type: Full-time
This position is located in the Division of Resolutions and Receiverships of the Federal Deposit Insurance Corporation and provides support in the areas of monitoring and analyzing the performance of the most complex entities with joint venture agreements that govern acquired assets from failed financial institutions. Additional selections may be made from this vacancy announcement to fill identical vacancies that occur subsequent to this announcement.

Duties

Serves as a subject matter and technical expert who monitors and analyzes the performance of the most complex entities with joint venture agreements that govern acquired assets from failed financial institutions including loans, securities, real and personal property, and subsidiaries. Provides problem resolution information, issue management and reports on complex or sensitive Limited Liability Company (LLC) performance and compliance issues related to assigned agreements. Ensures compliance review results accurately reflect non-compliance activities which are supported by the legal agreements of the LLC and can be acted upon and measured in a timely manner. Serves as the FDIC point of contact for compliance monitoring contractors performing reviews of LLCs. Provides technical guidance to Compliance Monitoring Contractors (CMC). Ensures the CMC's performance and implementation of review steps and procedures to address varied type and severity of LLC compliance risks are conducted in accordance with the Statement of Work (SOW) for LLC Joint Venture Transactions (JVT) and meet the program's objectives to monitor compliance and related risk activities. Provides reviews and recommendations on acceptance of LLC compliance review deliverables, global deliverables, invoiced hours, contractor security, systems access, and qualifications as well as other CMC related expertise. Analyzes and reviews counter party and joint venture partner consent requests, waivers and agreement amendments. Reviews and monitors submission of periodic reporting from Managing Members (MM) including monthly reports, semi-annual cash flow forecasts, asset business plans and other agreement deliverables as applicable. Monitors financial and industry best practices in various markets to maintain a current understanding of the economic feasibility of asset management, marketing methods and disposition and recovery strategies. Ensures appropriate and timely response to various stakeholder inquiries and requests including those from MMs, consumer and congressional inquiries, Office of the Inspector General (OIG), Government Accountability Office (GAO), Internal Review, CMC, Division of Risk Management and Supervision (RMS), or other regulatory agencies. Plans and participates in or facilitates meetings with various FDIC officials, attorneys, accountants, and contractors, Acquiring Institution (AI)/MM representatives, DRR Internal Review, GAO, OIG and/or other federal and state regulatory agency officials as appropriate for assigned agreements.

Requirements

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 13 grade level or above in the Federal service.  Specialized experience is defined as (1) monitoring joint venture agreements that govern the management of the acquired assets or analyzing Managing Member business decisions to maximize collections and minimize losses, and (2) recommending policies or process improvements to internal operations. 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.

Education

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

Contacts

  • Address Federal Deposit Insurance Corporation FDIC Human Resources Branch Dallas, Texas 75201 United States
  • Name: FDIC
  • Phone: 000-000-0000
  • Email: [email protected]

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