• Job Description

  Req#: 742197100
  Summary
  
  This position is located in the Division of Resolutions and Receiverships, Asset Marketing and Management Branch of the Federal Deposit Insurance Corporation. The incumbent is responsible for identifying, managing, pricing and analyzing capital market instruments with the highest level complexity.
  
  This job is open to
  • The public
    
    U.S. Citizens, Nationals or those who owe allegiance to the U.S.
  
  
  Clarification from the agency
  
  All United States Citizens.
  
  Duties
  
  -Serves as a preeminent expert in the area of complex capital market instruments responsible for identifying, managing, pricing, and analyzing capital market instruments with the highest-level complexity prior to bank failure, through and including the corresponding liquidation of those assets retained in the subsequent receivership.
  
  -Develops theories, practices and methods for evaluating and liquidating capital market instruments in conjunction with resolution activities.
  
  -Assesses and prioritizes capital markets instruments during the pre-closing of failed banks and gathers legal and financial documents required for assessing the sale of assets and to determine the price used to calculate the least cost test.
  
  -Serves as a technical expert on securities and securitization matters and advises agency senior management on ongoing receivership portfolio management and liquidation issues pertaining to valuation, credit and interest rate risks associated with the portfolio assets for year-end receivership financials; setting reserve prices for potential liquidation activities; and corporate action voting, tender offers and restructuring/recapitalization issues related to retained assets that represent ownership or creditor interest in ongoing- concern companies.
  
  -Develops, evaluates, and implements Division- wide policies and procedures related to securities and securitization transactions including policy recommendations and program changes to enhance efficiency and increase returns.
  
  -Provides expert technical advice concerning specific concepts or transactions for the sale of assets of highest value and complexity to recommend asset disposition strategies.
  
  -Gathers documentation from failed bank records or from third-party public and non- public sources required for the analysis, valuation, management and liquidation of any assets retained in a receivership.
  
  -Directs the analysis, valuation marketing and sale of the most complex capital market related assets in pre-failure and failed financial institutions. Evaluates the rights and obligations of the issuers and holder, values the instrument, prepares and recommends a strategy for management and marketing of the instruments.
  
  -Analyzes call report data or other publicly available information, and onfidential bank examination reports on institutions that may fail, to identify the types of capital market instruments owned by the institution and to develop preliminary resolution strategies.
  
  -Collaborates with FDIC supervisory staff and representatives from other bank and thrift regulators to gather appropriate and timely information for institutions identified for potential failure.
  
  -Develops and communicates highly technical and potentially sensitive information regarding securities issued by open banks both orally and in writing, to audiences within and outside the Division, including FDIC management, other banking regulators and private sector executive, if necessary.
  
  Requirements
  
  Conditions of Employment
  
  Registration with the Selective Service.
  
  U.S. Citizenship is required.
  
  Employment Conditions.
  
  Completion of Financial Disclosure may be required.
  
  Minimum Background Investigation (MBI) required
  
  Employee may be relocated to any duty location to meet management needs.
  
  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 1) managing, pricing, and liquidating/selling complex capital markets instruments or structuring and monitoring compliance of structured transactions (i.e. securitizations) OR 2) performing financial or economic analyses identifying and evaluating sources of credit, liquidity, market, and other capital markets risks in a financial institution environment.
  
  Applicants eligible for ICTAP (Interagency Career Transition Assistance Program) must achieve a score of 80 "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
  
  TELEWORK OPTIONS ARE SUBJECT TO CHANGE. For more information on telework at the FDIC, please reference the available telework options for this position here.
  
  The range of pay shown includes base pay plus supplemental locality adjustments. The locality rates for these duty locations range from a low of 11.74% to a high of 50.45%. Pay will vary by grade level and the locality rate for the geographic location where the position is located. For more on FDIC locality rates, click here.
  
  If electing the Remote Work Option, the duty location is set using the selectee's primary residence, which must be in the continental United States. Locality pay will be based on the location of the selectee's primary residence.
  
  If electing any other position-specific telework option, the selectee's duty location will be the current duty location of record for FDIC employees and the closest FDIC duty location to the selectee's residence for non-FDIC employees. Locality pay will be based on the duty location and not the selectee's residence.
  
  Salary reflects pay cap for this position of $250,000.
  
  Relocation expenses are not authorized for a selectee(s) electing the Remote Work Option. Relocation may be authorized in accordance with existing agency policy for a selectee(s) electing any other position-specific telework option in accordance with existing agency policy. Residency must be established in accordance with agency policy in the following duty location(s) to be eligible to receive relocation: Dallas, TX; or Washington, DC, or New York, NY.
  
  If selected, you may be required to serve a probationary period.
  
  To read about your rights and responsibilities as an applicant for Federal employment, click here.
  
  Additional selections may be made from this vacancy announcement to fill identical vacancies that occur subsequent to this announcement.
  
  
  • 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. Top ranked candidates will be referred to the selecting official for further review and consideration.
  
  The competencies/knowledge, skills, and abilities (KSAs) you will be assessed on are listed below.
  
  
  1. Ability to develop and update policies and procedures for the management and liquidation of complex capital markets instruments.
  2. Skill using debt and equity capital markets instruments.
  3. Knowledge of origination, creation, pricing/valuation, underwriting, investing or management of debt or equity securities in the capital markets.
  4. Ability to manage, value, and market stocks, bonds, asset and mortgage- backed securities, mortgage derivatives, collateralized mortgage obligations (CMOs), and mortgage servicing rights, and other capital market instruments.
  5. Ability to develop and implement policies and procedures for securities and other capital markets instruments.
  6. Knowledge of examination/analysis of legal documents and financial structures associated with capital markets instruments.
  7. Knowledge of Federal and State securities laws, securities sales and trading issues, settlement procedures, Depository Trust Company (DTC), physical securities and certificated securities.
  8. Ability to analyze financial and asset data in closings and non-closing settings.
  9. Ability to work with terms and conditions, including representations and warranties, loan covenants, events of default and pricing for debt and equity capital markets instruments.
  
  
  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.
  
  
  • 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.
  • Required Documents
    
    As a new or existing federal employee, you and your family may have access to a range of benefits. Your benefits depend on the type of position you have - whether you're a permanent, part-time, temporary or an intermittent employee. You may be eligible for the following benefits, however, check with your agency to make sure you're eligible under their policies.
    
    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.
    
    Agency contact information
    
    D. Angelica Summers
    
    Phone
    
    972-761-8096
    
    TDD
    
    800-925-4618
    
    Fax
    
    000-000-0000
    
    Email
    
    disummers@Fdic.gov
    
    Address
    
    Federal Deposit Insurance Corporation FDIC Human Resources Branch 1601 Bryan Street Dallas, Texas 75201 United States
    
    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.
  • Fair and Transparent
    
    The Federal hiring process is set up to be fair and transparent. Please read the following guidance.
    
    
    • Equal Employment Opportunity (EEO) Policy
    • Reasonable accommodation policy
    • Financial suitability
    • Selective Service
    • New employee probationary period
    • Signature and false statements
    • Privacy Act
    • Social security number request
  
  
  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.
  
  Agency contact information
  
  D. Angelica Summers
  
  Phone
  
  972-761-8096
  
  TDD
  
  800-925-4618
  
  Fax
  
  000-000-0000
  
  Email
  
  disummers@Fdic.gov
  
  Address
  
  Federal Deposit Insurance Corporation FDIC Human Resources Branch 1601 Bryan Street Dallas, Texas 75201 United States
  
  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.
  
  Fair & Transparent
  
  The Federal hiring process is set up to be fair and transparent. Please read the following guidance.
  
  
  • Equal Employment Opportunity (EEO) Policy
  • Reasonable accommodation policy
  • Financial suitability
  • Selective Service
  • New employee probationary period
  • Signature and false statements
  • Privacy Act
  • Social security number request

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