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.

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

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.

Contacts

• Address Federal Deposit Insurance Corporation FDIC Human Resources Branch 600 North Pearl Street Suite 700 Dallas, Texas 75201 United States
• Name: FDIC
• Phone: 000-000-0000
• Email: [email protected]