Federal Deposit Insurance Corporation
Associate Director, Receivership Management, EM-0301-00 (Merit Promotion)
Federal Deposit Insurance Corporation, New York, NY
Summary
This position is located in the Division of Complex Institution Supervision and Resolution (CISR), Resolution Readiness Branch, Receivership Management Section of the Federal Deposit Insurance Corporation in Washington, D.C. or New York, NY.
Salary reflects a pay cap for this position of $300,000.
The FDIC Executive Managers (EMs) are in the Federal competitive service and not 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-EM-PJN-0123 to be considered.
Duties
Requirements
Conditions of Employment
Registration with the Selective Service.
U.S. Citizenship is required.
Employment Conditions.
This position requires the selectee to file a public financial disclosure report (OGE Form 278e) as a condition of employment.
High Risk - 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 leadership and technical experiences listed below. These qualifications would typically be gained through progressively responsible management or executive-level assignments.
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.
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 1: Experience in overseeing and coordinating the work of organizational units directly and indirectly through subordinates, including assigning work; directing changes to programs and priorities; and evaluating performance against goals.
Leadership Experience 2: Experience in managing employee performance and growth, including evaluating employee readiness for successive roles; recognizing accomplishments, providing feedback and development opportunities, and addressing performance/conduct issues.
Leadership Experience 3: Experience in overseeing implementation of and improvements to recruiting, hiring, training, utilization, and succession readiness of staff.
Technical Experience 1: Experience in resolving various matters associated with the operations of a receivership or bankruptcy of large and complex institutions involving restructures, mergers or acquisitions, including receivership law, bridge entities, resolution strategies and related claims; and
Technical Experience 2: Experience in capital markets, global financial markets, financial institution asset valuations, financial institution operations and management, financial derivatives, complex structured finance activities, and
trading book activities.
Large, complex financial institutions (LCFIs) may be defined as financial intermediaries engaged in some combination of commercial banking, investment banking, asset management and insurance, whose failure poses a systemic risk or externality to the financial system as a whole. These risks are intertwined among both insured and uninsured subsidiaries, and the largest and most complex of these companies often have global footprints and interdependent counterparty relationships with one another that increase their complexity and risk.
Education
There is no substitution of education for the experience for this position.
Additional information
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.
FDIC Executive Managers (EM) are in the Federal competitive service and not the Senior Executive Service (SES). As an EM at the FDIC, you will provide executive leadership and managerial direction over substantive activities related to planning, developing, executing, and coordinating the Corporation's programs and policies.
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.
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 supervisory/managerial probationary period.
If selected, you may be required to serve a probationary or trial period as applicable to appointment type.
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.
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/knowledge, skills, and abilities (KSAs) you will be assessed on are listed below:
This position is located in the Division of Complex Institution Supervision and Resolution (CISR), Resolution Readiness Branch, Receivership Management Section of the Federal Deposit Insurance Corporation in Washington, D.C. or New York, NY.
Salary reflects a pay cap for this position of $300,000.
The FDIC Executive Managers (EMs) are in the Federal competitive service and not 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. - Land & base management
Certain current or former term or temporary federal employees of a land or base management agency. - 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-EM-PJN-0123 to be considered.
Duties
- Exercises responsibility for the development and implementation of policies and procedures related to strategies and operational capabilities needed to resolve systemically important financial institutions and large and complex insured depository institutions in accordance with the Federal Deposit Insurance Act (FDIA) and the Dodd-Frank Wall Street Reform and Consumer Protection Act (DFA). Works across organizational boundaries and with high level personnel to coordinate and collaborate on policy and procedure development to ensure the interests of all stakeholders are adequately addressed. Manages and directs the work of documenting and gaining approval for all developed policy and procedure.
- Develops and coordinates with CISR, Division of Risk Management Supervision (RMS), and Division of Resolutions and Receiverships (DRR) the formulation of plans, strategies, and readiness efforts associated with resolving large financial institutions using either FDIA or DFA resolution authority. Communicates major policy initiatives to external audiences at industry trade group conferences and seminars, representing the Corporation's interests and increasing its visibility in the resolution process.
- Represents the Office with executive level officials of FDIC, other Divisions, other regulatory agencies, media, politicians, consultants, and other organizations with regard to planning, projects, meetings, or other issues of importance and relevance to the Office.
- May be called upon to provide assistance and advice to the FDIC Board of Directors.
- Manages and directs the work associated with identifying contracting needs and obligations for the Resolution Readiness Branch. Maintains readiness to manage orderly receiverships created through the resolution large, complex financial institutions (LCFIs) under the FDIA and DFI; with DRR supporting the management of LCFI receiverships.
- Oversees and supports the implementation of resolution planning and compliance programs.
- Prepares and conducts presentations of assigned duties as it relates to Title II resolution authorities under the DFA and resolutions of insured depository institutions (IDIs) under the FDIA.
- Maintains close contact with industry representatives to coordinate work efforts and to establish open lines of communication for the accomplishment of common goals and objectives. Collaborates with other groups within FDIC, other regulators including Federal and International, and other parties as appropriate to identify, collect and manage pertinent information from complex financial institutions and other data sources as needed to measure, monitor, and control risks and mitigate risk to the Deposit Insurance Funds.
- Exercises supervisory personnel management authority directly or indirectly through subordinate senior managers to include: planning, assigning, and reviewing work products of subordinates; establishing guidelines and performance expectations; and, evaluating work performance and providing feedback. Identifies training and developmental needs for staff and provides regular recognition of staff. Works in collaboration with the appropriate Human Resources and Legal staff to administer disciplinary action. Hears and resolves grievances or other disputes as appropriate. Approves/disapproves requests for leave, telework, travel, training, etc. Ensures that programs are administered effectively and in accordance with broadly stated objectives and priorities.
- Develops Equal Employment Opportunity (EEO), Diversity, Equity, Inclusion, and Accessibility (DEIA), employee development, employee performance, and other personnel plans, processes, programs, and metrics in compliance with Corporate policy, legal requirements, and the mission of the Division; leads efforts to mature the organization and management of work within area of responsibility; leads diverse groups of employees to: direct work, review outcomes/effectiveness, develop and assess subordinate managers, and promote inclusion.
Requirements
Conditions of Employment
Registration with the Selective Service.
U.S. Citizenship is required.
Employment Conditions.
This position requires the selectee to file a public financial disclosure report (OGE Form 278e) as a condition of employment.
High Risk - 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 leadership and technical experiences listed below. These qualifications would typically be gained through progressively responsible management or executive-level assignments.
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.
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 1: Experience in overseeing and coordinating the work of organizational units directly and indirectly through subordinates, including assigning work; directing changes to programs and priorities; and evaluating performance against goals.
Leadership Experience 2: Experience in managing employee performance and growth, including evaluating employee readiness for successive roles; recognizing accomplishments, providing feedback and development opportunities, and addressing performance/conduct issues.
Leadership Experience 3: Experience in overseeing implementation of and improvements to recruiting, hiring, training, utilization, and succession readiness of staff.
Technical Experience 1: Experience in resolving various matters associated with the operations of a receivership or bankruptcy of large and complex institutions involving restructures, mergers or acquisitions, including receivership law, bridge entities, resolution strategies and related claims; and
Technical Experience 2: Experience in capital markets, global financial markets, financial institution asset valuations, financial institution operations and management, financial derivatives, complex structured finance activities, and
trading book activities.
Large, complex financial institutions (LCFIs) may be defined as financial intermediaries engaged in some combination of commercial banking, investment banking, asset management and insurance, whose failure poses a systemic risk or externality to the financial system as a whole. These risks are intertwined among both insured and uninsured subsidiaries, and the largest and most complex of these companies often have global footprints and interdependent counterparty relationships with one another that increase their complexity and risk.
Education
There is no substitution of education for the experience for this position.
Additional information
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.
FDIC Executive Managers (EM) are in the Federal competitive service and not the Senior Executive Service (SES). As an EM at the FDIC, you will provide executive leadership and managerial direction over substantive activities related to planning, developing, executing, and coordinating the Corporation's programs and policies.
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.
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 supervisory/managerial probationary period.
If selected, you may be required to serve a probationary or trial period as applicable to appointment type.
- 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.
The FDIC offers comprehensive 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.
In addition, under FDIC's Group Life Insurance Program, basic life insurance coverage for Executive Managers is automatically equal to 3 times their salary (rounded to the next higher thousand) up to a maximum of $800,000. Executives may also choose from two other lower coverage options. The Corporation pays for the cost of the basic coverage unless employees also elect to be covered under the Federal Employees Group Life Insurance Program (FEGLI).
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.
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/knowledge, skills, and abilities (KSAs) you will be assessed on are listed below:
- Change Management
- Strategic Thinking
- Advising
- Organizational Awareness
- Leveraging Diversity
- Interpersonal Relationships
- Planning and Organizing
- Oral/Non-Written Communication
- Knowledge of financial institution resolution strategies, bankruptcy, FDIA resolution authority, or Dodd-Frank Act Title II resolution authority.
- Knowledge of the following: capital markets, global financial markets, financial institution valuations, financial institution operations and management, financial derivatives, complex structured finance activities, and trading book activities.
- Knowledge of operations and management, day-to-day operations, business management processes specifically related to capit