Federal Deposit Insurance Corporation

CFI Specialist, CG-1160-14

Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 5-7 years of specialized experience in financial risk analysis or related fields
  • Strong understanding of regulatory oversight and risk management
  • Proven ability to develop written reports and communicate findings effectively
  • Experience in evaluating financial institutions' applications and activities
  • Background in continuous monitoring of financial conditions in institutions
  • Familiarity with contingency funding and resolution plans

Responsibilities

  • Monitor and assess financial risks at less complex institutions
  • Evaluate and recommend approval for various financial institution applications
  • Analyze depository institution ratings under the Uniform Financial Institution Rating System
  • Lead onsite monitoring efforts to evaluate financial conditions
  • Analyze economic and financial sector developments to inform supervisory strategies
  • Produce comprehensive written analyses of financial institutions' conditions

Benefits

  • Access to a comprehensive benefits package including health, life, and retirement options
  • Competitive additional benefits unique to FDIC employees
  • Opportunities for professional development and growth
  • Support for work-life balance through various programs
  • Robust support for employee well-being and resources
Full Job Description
Summary

This position is located in the Division of Complex Institution Supervision and Resolution (CISR), of the Federal Deposit Insurance Corporation and provides support in the areas of efforts to prepare for resolution and to resolve insured depository institutions (IDIs) with total assets over $100 billion and nonbank financial companies whose failure could threaten the stability of the U.S. financial system.

Duties

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  • Monitors, analyzes, and assesses risks at smaller or less complex financial institutions in the CISR supervisory portfolio or risks of lesser prominence at the LCFIs to minimize risk to the FDIC's Deposit Insurance Fund. The incumbent will lead segments of monitoring and risk assessment efforts, supporting resolution strategies through analysis of institution-prepared contingency and resolution plans.
  • Evaluates financial institution applications to include: charter conversions, ownership/control changes, mergers/acquisitions, new products, technologies, or services, or reviewing compensation packages; recommends approval, conditional approval, or denial via a written Summary of Investigation.
  • Analyzes and ensures the appropriateness of assigned depository institution ratings under the Uniform Financial Institution Rating System, by independently identifying, compiling and organizing relevant data to analyze and draw sound conclusions related to work assignments. Escalates revised ratings and supporting analyses to the Division's senior leadership.
  • Performs, and will lead at smaller, less complex financial institutions, continuous onsite monitoring efforts for the rate and circumstances in which an institution's financial condition could deteriorate and analyzes actions relative to the activation of contingency funding plans as well as recovery and resolution plans.
  • Stays abreast of current developments in the economy, the financial sector, and the banking industry to improve effectiveness in supporting recommended supervisory strategies.
  • Produces well-supported written analyses covering a range of topics including the institution's financial condition, risk management capabilities, and ratings.


Requirements

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Conditions of employment

Background Investigation (BI) required

Registration with the Selective Service.

U.S. Citizenship is required.

Employment Conditions.

Completion of Confidential Financial Disclosure may be required.

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.

CG-14: To qualify, applicants must have completed at least one year of specialized experience equivalent to at least the grade 13 level or above in the Federal service. Specialized experience is defined as experience leading in the analysis of financial risks and controls, the development of written reports, and the communication of findings for financial institutions, bank holding companies, or other systemically important non-bank financial institutions in three or more of following areas: regulatory oversight, financial analysis, balance sheet management, enterprise risk and risk management program assessments, deposit insurance pricing, resolution planning, or stress testing.

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.

For each position on your resume, include:

  • Employer Name
  • Job Title
  • Salary (series and grade, if applicable)
  • Start and end dates (including the month and year)
  • Hours per week
  • Relevant experience that supports your response to the specialized experience that is stated in the job announcement


If your resume does not contain this information, your application may be marked as incomplete, and you may not receive consideration for this position.

NOTE: Please indicate how you meet the specialized experience under each applicable position. Do not copy and paste the duties or specialized experience from this announcement into your resume as that will not be considered a demonstration of your qualifications.

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 similar vacancies that occur subsequent to this announcement.

If selected, you may be required to serve a probationary or trial period as applicable to appointment type. During the probationary or trial period, you will be evaluated for fitness and whether your continued employment advances the public interest. In determining if your employment advances the public interest, we may consider:

  • your performance and conduct;
  • the needs and interests of the agency;
  • whether your continued employment would advance organizational goals of the agency or the Government; and
  • whether your continued employment would advance the efficiency of the Federal service.


Upon completion of your probationary or trial period your employment will be terminated unless you receive certification, in writing, that your continued employment advances the public interest.

The range of pay shown includes base pay plus supplemental locality adjustments. The locality rates for these duty locations range from a low of 18.24% to a high of 44.07%. 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.

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Candidates should be committed to improving the efficiency of the Federal government, passionate about the ideals of our American republic, and committed to upholding the rule of law and the United States Constitution.

Benefits

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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.

About Federal Deposit Insurance Corporation

The Federal Deposit Insurance Corporation (FDIC) is a United States government corporation providing deposit insurance to depositors in U.S. commercial banks and savings institutions. The FDIC was created by the 1933 Banking Act during the Great Depression to restore trust in the American banking system. The FDIC provides deposit insurance which currently guarantees checking and savings deposits in member banks up to $250,000 per depositor, per insured bank, for each account ownership category. The FDIC also examines and supervises certain financial institutions for safety and soundness, performs certain consumer-protection functions, and manages receiverships of failed banks. The FDIC is headquartered in Washington, D.C.
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