Federal Deposit Insurance Corporation
Manager, Treasury Operations, CM-0501-00 (Merit Promotion)
Federal Deposit Insurance Corporation, Washington, DC
Summary
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).
This job is open to
Clarification from the agency
Applicants with status (i.e., current permanent Federal employees in the competitive service and former Federal employees with reinstatement eligibility); those eligible for appointment under special hiring authorities; and veterans eligible for a VEOA appointment. Applicants without status should apply under FDIC announcement, 2024-CM-PJN-0119 to be considered.
Duties
Requirements
Conditions of Employment
Employment Conditions.
U.S. Citizenship is required.
Registration with the Selective Service.
This position requires the selectee to file a confidential financial disclosure report (OGE Form 450) as a condition of employment.
High Risk Position - Background Investigation (BI) required.
Employee may be relocated to any duty location to meet management needs.
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.
Additional information
Additional selections may be made from this vacancy announcement to fill identical vacancies that occur subsequent to this announcement.
To read about your rights and responsibilities as an applicant for Federal employment, click here.
If selected, you may be required to serve a probationary or trial period as applicable to appointment type.
If selected, you may be required to serve a supervisory/managerial probationary period.
This position is a Corporate Manager, CM-00, which is equivalent to above the CG/GS-15.
This is a recommended minimum Step 5 position.
FDIC-Employees: The five-day notification process does not apply to corporate and executive manager positions. Failure to provide your application documentation (i.e. up-to-date resume) in support of your qualifications for this position by the closing date will limit your ability to receive maximum consideration. Take a moment to ensure that your resume and assessment questionnaire responses reflect the qualifications and eligibility requirements of this position by the closing date.
Current or Former Political Appointees: The Office of Personnel Management (OPM) must authorize employment offers made to current or former political appointees. If you are currently or have been within the last 5 years, a political Schedule A, Schedule C, or Non-Career SES employee in the Executive Branch, you must disclose this information to the HR Office.
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.
If you are found minimally qualified, a Management Rating Panel (MRP) will review your qualifications and experience against pre-established benchmarks. The rating panel will place applications in one of three quality categories, i.e., 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 listed below.
Top ranked (Best Qualified) candidates will be referred to the selecting official for further review and consideration.
The competencies you will be assessed on are listed below:
You do not need to respond separately to these competencies. Your resume will serve as responses to the competencies
Applicants must provide details of the duties performed as they relate to the qualifying experience and competencies. Experience must be explicitly stated in the resume as experience not specifically described in the resume cannot be assumed. Resumes that are vague or don't address specific requirements will not receive maximum consideration.
You may preview questions for this vacancy.
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).
This job is open to
- Individuals with disabilities
- Federal employees - Competitive service
Current or former competitive service federal employees. - Federal employees - Excepted service
Current excepted service federal employees. - Military spouses
- Peace Corps & AmeriCorps Vista
- Senior executives
Those who meet the five Executive Core Qualifications (ECQs). - Special authorities
Individuals eligible under a special authority not listed above, but defined in the federal hiring regulations. - Veterans
Clarification from the agency
Applicants with status (i.e., current permanent Federal employees in the competitive service and former Federal employees with reinstatement eligibility); those eligible for appointment under special hiring authorities; and veterans eligible for a VEOA appointment. Applicants without status should apply under FDIC announcement, 2024-CM-PJN-0119 to be considered.
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
Conditions of Employment
Employment Conditions.
U.S. Citizenship is required.
Registration with the Selective Service.
This position requires the selectee to file a confidential financial disclosure report (OGE Form 450) as a condition of employment.
High Risk Position - Background Investigation (BI) required.
Employee may be relocated to any duty location to meet management needs.
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.
Additional information
Additional selections may be made from this vacancy announcement to fill identical vacancies that occur subsequent to this announcement.
To read about your rights and responsibilities as an applicant for Federal employment, click here.
If selected, you may be required to serve a probationary or trial period as applicable to appointment type.
If selected, you may be required to serve a supervisory/managerial probationary period.
This position is a Corporate Manager, CM-00, which is equivalent to above the CG/GS-15.
This is a recommended minimum Step 5 position.
FDIC-Employees: The five-day notification process does not apply to corporate and executive manager positions. Failure to provide your application documentation (i.e. up-to-date resume) in support of your qualifications for this position by the closing date will limit your ability to receive maximum consideration. Take a moment to ensure that your resume and assessment questionnaire responses reflect the qualifications and eligibility requirements of this position by the closing date.
Current or Former Political Appointees: The Office of Personnel Management (OPM) must authorize employment offers made to current or former political appointees. If you are currently or have been within the last 5 years, a political Schedule A, Schedule C, or Non-Career SES employee in the Executive Branch, you must disclose this information to the HR Office.
- 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.
If you are found minimally qualified, a Management Rating Panel (MRP) will review your qualifications and experience against pre-established benchmarks. The rating panel will place applications in one of three quality categories, i.e., 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 listed below.
Top ranked (Best Qualified) candidates will be referred to the selecting official for further review and consideration.
The competencies you will be assessed on are listed below:
- External Awareness
- Direction Setting
- Organizational Performance
- Advising
- Leveraging Diversity
- Oral/Non-Written Communication
- Planning and Organizing
- Knowledge of a wide range of concepts, principles, and practices in financial mathematical, accounting money and banking disciplines, in order to direct a broad and comprehensive funding, investment and cash management programs on a Corporation wide basis.
- Knowledge of Federal and Corporate cash and investment management theories and practices, including policies, concepts, and procedures in practice in the U.S. Treasury's Financial Management Service, the Federal Reserve System, the Bureau of Public Debt, the financial institution industry, and investment-related entities such as private sector broker dealers.
- Knowledge of the defined contribution industry policies, practices, and procedures as currently utilized by private sector 401 (k) plan sponsors, managers, consultants, and advisors.
- Ability to study, analyze, and evaluate operating procedures and practices for purposes of determining and implementing improvements to practices, methods, and procedures.
- Ability to handle controversial and sensitive issues with tact and diplomacy and to effectively advocate proposed solution to those issues, in particular, with senior officials of other federal agencies.
You do not need to respond separately to these competencies. Your resume will serve as responses to the competencies
Applicants must provide details of the duties performed as they relate to the qualifying experience and competencies. Experience must be explicitly stated in the resume as experience not specifically described in the resume cannot be assumed. Resumes that are vague or don't address specific requirements will not receive maximum consideration.
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