Assistant Director, Contract Oversight and Receivership Oversight, CM-1101-02

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

Management Oversight
• Manages and directs all aspects of mission critical work associated with the broad range of issues, problems, and challenges involving the receivership administration and contract oversight processes for failing financial institutions.
• Ensures accurate implementation and compliance with all corporate policies and procedures related to receivership administration and contracting activities resulting from failed financial institution resolutions.
• Analyzes and recommends changes to the Corporation's existing policies and procedures to improve the overall effectiveness of processes and to ensure accurate implementations and compliance to contract oversight and receiverships operations activities resulting from failed financial institutions.
• 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.

Contract Oversight
• Provides expert assistance and technical advice to management on administrative problems and matters related to contract oversight for all DRR contracts receivership administration.
• Oversees contractors that perform work to support the Division and Corporate matters as they relate to contracts and post-closing receivership administration.

Receivership Oversight
• Directs the oversight and administration of receivership estates in inventory. Establishes policy and procedures for the systematic analysis and review of complex financial statements and balance sheets related to the performance of receiverships and facilitates the resolution of impediments to receivership termination. Identifies problems and issues related to the performance of receiverships and directs efforts to establish strategies for the resolution of these problems and issues leading to receivership termination. Observes trends and presents recommendations to resolve termination impediments.
• Manages and directs work associated with complex settlement transactions with acquiring institutions. Monitors receivership files and identifies possible impediments to termination.
• Represents the Division with the Legal Division, the Division of Finance, and the Division of Administration to interpret complex legal documents (such as Servicing Agreements, Assistance Agreements, Purchase Agreements, and Shareholder Agreements), analyze receivership financial statements, and interpret contracts in order to identify and resolve issues impacting the performance of a receivership estate.


• Prepares 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.
• Represents the Division in top-level studies and projects crossing organizational lines and on Corporate-level and senior Division-level committees and provides oral and written presentations to senior management officials of the Corporation as well as officials of other agencies concerning negotiated transactions, resolution initiatives, and receivership management.


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 defined as experience leading others to oversee the administration of receivership estates, including removing impediments to termination. Experience also includes implementation and compliance with corporate policies and procedures related to contracting activities.

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.