Federal Deposit Insurance Corporation

Chief, Institution Risk Branch, CM-1101-00 (Merit Promotion)

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

Qualifications

  • 5-7 years of leadership experience in risk management or supervisory roles within financial institutions.
  • In-depth understanding of risk assessments related to lending and financial products.
  • Proficient in supervising and providing technical guidance to teams in complex environments.
  • Demonstrated ability to develop cooperative relationships with internal and external stakeholders, including regulators.
  • Experience in analyzing risk management frameworks for large complex financial institutions.

Responsibilities

  • Direct and oversee risk evaluations of complex financial institutions.
  • Monitor onsite risk using diagnostic tools and assessments.
  • Coordinate supervision activities for financial institutions with other regulatory bodies.
  • Prepare comprehensive risk reports for policymakers and regulatory agencies.
  • Develop new diagnostic tools to assess risk profiles of institutions.
  • Advise senior leadership on supervisory readiness programs.
  • Manage and evaluate performance of multi-disciplined staff.

Benefits

  • Comprehensive health and life insurance plans for employees and their families.
  • Generous annual and sick leave policies with options for flexible work schedules.
  • Retirement savings plan with agency contributions and matching options.
  • Access to employee assistance programs for personal and professional support.
  • Professional development opportunities for skills advancement and career growth.
Full Job Description
There are two (2) Chief, Institution Risk Branch positions located in the Division of Complex Institution Supervision and Resolution (CISR), Institution Risk Branch (IRB) of the Federal Deposit Insurance Corporation in either Atlanta, GA, New York, NY or Charlotte, NC. Salary reflects a pay cap for this position of $277,500. Duties As the Chief, Institution Risk Section, the incumbent is responsible for directing and overseeing the work of highly trained, multi-disciplined staff primarily engaged in evaluating risks of specific complex financial institutions which include insured banks, bank holding companies, and other entities. Specific tasks and functions pertaining to the job include, but are not limited to: 3 Responsible for onsite monitoring of risks within complex financial institutions through use of diagnostic risk evaluation tools and systems; firm management information systems; supervisory program assessments; horizontal risk assessments; capital markets analysis; engagement with firm management, other regulatory agencies, as well as other CISR Branches and FDIC Divisions and Offices; to identify risk in complex financial institutions and recommend appropriate backup supervisory response or action. 3 In conjunction with the other section chiefs, dedicated examiners, complex institution specialists, and other supervisory staff, coordinates the monitoring and supervision of complex financial institutions for back-up supervisory and deposit insurance purposes. 3 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. 3 Responsible for preparation of reports to summarize complex financial institution-specific risks and corrective actions and other remediation plans that have been recommended to address risks. As needed, provides specialized reports and summaries and, when necessary, coordinates firm specific monitoring and analysis, for other CISR Branches, FDIC Divisions and Offices, the Chairman, the Financial Oversight Committee, policymakers, other supervisory and regulatory agencies, and other entities. 3 Develops new diagnostic risk evaluation tools and programs to assess risk profiles of specific complex institutions, concentrations of risk in specific institutions, risk correlations, and industry outliers that pose financial vulnerabilities in specific institutions, working closely with Horizontal Risk Chiefs in interpreting and implementing results of risk assessment tools and programs. 3 Assists the Associate Director and Deputy Director, Institution Risk Branch and the Director of CISR when they serve as senior subject matter experts for matters pertaining to institution specific analysis of complex financial institutions. 3 Serves as an advisor to Associate and Deputy Directors, Institution Risk Branch, and at times the Director of CISR, for all matters pertaining to supervisory and/or resolution readiness programs for complex financial institutions. 3 Establishes and maintains cooperative relationships with Associate and Deputy Directors throughout CISR and other Divisions and Offices within the Corporation, officials of other supervisory and regulatory agencies, and representatives of financial institutions. Represents the Division on assigned matters pertaining to supervisory and/or resolution readiness programs and serves as a spokesperson on FDIC plans, policies and procedures as they relate to complex financial institution monitoring and other matters under the branch's purview. 3 Exercises supervisory personnel management authority and performs the full range of performance management duties to include: planning, assigning, and reviewing work products of subordinates; establishing guidelines and performance expectations; and, evaluating work performance and providing feedback to others on their performance. 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. Requirements Conditions of employment 2-page Resume Requirement: Please limit your resume to 2 pages (minimum 10-point font). If more than 2 pages are submitted, only the first 2 pages will be reviewed to determine your eligibility/qualifications. Registration with the Selective Service. U.S. Citizenship is required. Employment Conditions. This position requires the selectee to file a confidential financial disclosure report (OGE Form 450) as a condition of employment. Employee may be relocated to any duty location to meet management needs. This position requires Minimum Background Investigation (MBI) required This position requires a Non-Sensitive/High Risk Background Investigation (BI). Qualifications To meet the minimum qualifications, applicants must possess the leadership and technical experiences listed below. 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. 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 words to describe your experience and accomplishments and quantify your experience wherever possible to demonstrate your accomplishments. 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; AND Technical Experience 1: Experience in conducting in-depth analyses of specific markets, products and practices pertaining to one or more of the following areas: retail lending, credit card lending, auto lending, mortgage lending, commercial real estate lending, commercial lending, trading, counterparty risk, foreign exposures, liquidity risk, earnings performance issues, capital adequacy, and/or operational risk; AND Technical Experience 2: Experience in leading or contributing to working groups evaluating risk management supervision and/or resolution and receivership policies and procedures for large complex financial institutions (LCFIs), developing and presenting findings and solutions, and implementing changes to applicable programs; AND Technical Experience 3: Experience in developing and maintaining cooperative relationships internal and external stakeholders, including foreign partners and regulators; AND Technical Experience 4: Experience in leading collaborative projects or studies with subject matter experts on complex issues related to LCFIs; distributing work for research and planning, evaluating work contributed, providing feedback to team members, and ensuring results are sound and accepted. 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 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: 3 your performance and conduct; 3 the needs and interests of the agency; 3 whether your continued employment would advance organizational goals of the agency or the Government; and 3 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. If selected, you may be required to serve a supervisory/managerial probationary period. Additional selections may be made from this vacancy announcement to fill identical vacancies that occur subsequent to this announcement. This position is a Corporate Manager, CM-00, which is equivalent to above the CG/GS-15. This is a recommended minimum step 9 position. The range of pay shown includes base pay plus supplemental locality adjustments. The locality rates for these duty locations range from a low of 19.67% to a high of 40.07%. 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. 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. 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 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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