Assistant Director, Closing Operations, CM-1101-02

Washington, D.C
May 27, 2022
Jun 01, 2022
Executive, Director
Full Time

Management Oversight
• Directs planning and readiness for financial institution resolutions across a range of functions including resolution accounting, information technology (IT) management, resolution data management, and implementation of the FDIC's Large-Bank Deposit Insurance Determination Modernization Rule 12 C.F.R. § 360.9.
• Directs management and technical experts overseeing complex work assignments related to the administrative, financial and processing activities of assets retained from financial institution failure(s).
• Directs the staff who works closely with support contractors that will be performing various duties related to and directly involving the resolution of failed banks. Provides direction and guidance to management staff and Oversight Managers assigned to monitor contractor performance and compliance and works with the program areas to ensure adequate oversight of the Technical Monitors.
• Exercises supervisory personnel management authority ensuring that all operating programs under his/her direction are administered effectively and in accordance with statutory mandates and broadly stated objectives and priorities. Assigns work based on priorities and complexity of the assignments. Provides leadership, advice, guidance, and constructive feedback to staff on roles, responsibilities, and goals. Evaluates employee performance and approves other personnel actions including leave, awards, promotions, reassignments, and disciplinary actions.

Policy Oversight
• Evaluates and ensures all financial operations, processes, and systems are effectively managed, documented and controlled.
• Provides accounting and data support for securities, securitization and alternative asset liquidation structures. Exercises responsibility for advising various Divisions of the Corporation on accounting for disposition of retained assets.
• Maintains readiness strategies and capabilities needed to support the FDIC's responsibilities associated with resolving large institutions.
• Analyzes and/or evaluates bank closing and other simulation exercises that test the Division's operational readiness based on differing scenarios. Works closely with external parties to develop simulation strategies, logistics, and evaluation criteria for measuring results.

• Provides technical advice to management and records the accounting transactions related to the disposition of FDIC Securities products including derivative securities, Collateralized Mortgage Obligations (CMOs) and Mortgage Servicing Rights (MSRs).
• Ensures timely and accurate responses to Freedom of Information Act (FOIA) requests for receivership financial information.
• Presents oral and written presentations to senior management officials of the Corporation as well as officials of other agencies concerning negotiated transactions and resolution activities and initiatives.


Conditions of Employment

Completion Of Financial Disclosure May Be Required.

High Risk Position - Background Investigation (BI) required.

Employee may be relocated to any duty location to meet management needs.


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 .

In order to qualify, applicants must have one year of specialized experience in a government agency (equivalent in the federal government to CG/GS-14 or above) or private industry. Specialized experience is experience working across organizational lines to provide oversight and guidance on the work of a major programmatic area that affects activities and operations at a divisional, corporate, or equivalent level; and experience working with banking operations including financial reconciliations, regulatory compliance, and data management.

Applicants must have met the qualification requirements (including selective placement factors - if any) for this position within 30 calendar days of the closing date of this announcement.


There is no substitution of education for the experience for this position.

Additional information

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 period.

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.