Assistant Director, Asset Management

1 day left

Employer
USAJobs
Location
District of Columbia, D.C
Posted
Jan 12, 2021
Closes
Jan 20, 2021
Function
Executive, Director
Hours
Full Time
Duties

Summary

This position reports to the Chief Operating Officer (COO), Office of CARES Operations (OCO), Office of the Assistant Secretary for Management (ASM), Department of the Treasury. OCO was established in response to the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which provides financial assistance to individuals and businesses.

Learn more about this agency

Responsibilities

The Assistant Director, Asset Management is charged with ensuring appropriate management of a portfolio of financial instruments as well as ensuring compliance with the requirements imposed by the CARES Act for direct loan recipients as well as recipients of financial assistance who have provided taxpayer protection instruments. The Assistant Director oversees a portfolio of loans, notes, warrants and equity interests, while ensuring borrowers maintain compliance, regulatory and fiduciary responsibility to U.S. taxpayers.

Major Duties and Responsibilities

The Assistant Director, Asset Management provides executive leadership and direct oversight for the management of a portfolio of financial instruments, and the administration of the compliance function for recipients of direct loans, as well as recipients of financial assistance who have provided a taxpayer protection instrument, which are financial instructions for the benefit of Treasury in the form of loans, notes, warrants, or equity interests. Further, the incumbent oversees the creation, implementation, and maintenance of compliance policies and procedures for these recipients, provides guidance and advice regarding compliance matters, and serves as the primary contact for controversial inquiries regarding assets held by Treasury under CARES. The Assistant Director partners actively with the COO, the Assistant Director for Internal Controls, Audit and Risk Management, the Assistant Director for Data and Reporting, and the Assistant Director for Recipient Monitoring and Remediation, in representing the program with external oversight entities, such as the Inspector General; the Special Inspector General for Pandemic Recovery (SIGPR); the General Accounting Office (GAO); Congress; and any other federal enforcement body.

Asset Management:
  • Leads the Asset Management team, providing guidance and direction to a team of experienced asset managers with extensive subject matter expertise.
  • Manages a portfolio of financial instruments, monitors financial performance, maintains financial forecasts, and maintains portfolio valuation data.
  • Monitors portfolio for existing and potential defaults under credit agreements, and leads recovery activities, including asset dispositions and potential restructurings.
  • Works with Assistant Director, Reporting and Data, on design and production of periodic reports on assets holdings, valuation, performance, and outlook.
  • Leads potentially controversial and highly complex consultations, discussions and negotiations with borrowers, lenders, other external parties and stakeholders.
  • Manages the Asset Management team to gain Treasury leadership approval for transaction modifications (e.g., amendments, restructurings, dispositions.) Exercises delegated authority, as applicable, which may include, but is not limited to, changes to existing transactions (e.g., amendments, consents, waivers), restructuring of transactions (e.g., changes to loan tenor, amortization, interest rate, etc.), writing off all or part of existing exposure, negotiating recovery of outstanding exposure, and disposition of assets.
  • Assures all staff are fully aware of and qualitatively applying policies and procedures with respect to CARES Act credit underwriting, asset management, compliance, and asset recovery operations; to include but not limited to, strong fundamental knowledge of relevant market and applicable sector specific issues, application process, credit standards, documentation requirements, credit administration procedures, portfolio management, and recovery techniques.
  • Maintains relationship with outside advisors, as necessary, including financial and legal advisors.
  • Maintains Asset Management Policies and Procedures, the written set of rules and policies that frame how Asset Management operates.
  • Oversees the implementation of a compliance framework within Asset Management, and evaluates Asset Management policies, programs and procedures from a compliance standpoint. Directs the development or revision of policy and procedures designed to enhance compliance efforts throughout the office.
  • Ensures regular and special reports to senior management on the operation and progress of compliance efforts.
  • Creates and fosters a "compliance awareness" culture, using a broad approach to compliance management.
  • Provide appropriate briefing materials for the COO or the ASM as directed.


Travel Required

Occasional travel - Some travel may be required.

Supervisory status
Yes

Promotion Potential
ES

Requirements

Conditions of Employment

  • All groups of qualified individuals.
  • Initial appointments are required to serve a probationary period of 1 year.
  • Financial disclosure is required.
  • Must be able to obtain and maintain a Secret clearance.

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Qualifications

To meet the minimum qualifications for this position, candidates must possess specialized experience at a senior level which demonstrates ability to perform the duties described above; including progressively responsible supervisory or managerial experience demonstrating ability to manage people and resources. Candidates are strongly encouraged to address each Executive Core Qualifications (ECQ's) and Mandatory Technical Qualifications (MTQ's) separately. Candidates who choose not to address both the ECQ's and MTQ's separately will not be disqualified; but must ensure their resume addresses each sufficient for evaluation. Your responses and/or resume must demonstrate possession of these qualifications; typically acquired through education, experience or training, and reflect progressive development and achievement in managing the business operations of a large organization. Please provide examples that are clear, concise, and emphasize your level of responsibility, the scope and complexity of programs managed, program accomplishments, policy initiatives undertaken, and level of contacts. All qualified candidates will be evaluated on the relevance of their experience, education, training, self-development, honors, awards, and outside activities.

EXECUTIVE CORE QUALIFICATIONS (ECQs): The ECQs describe the leadership skills needed to succeed in the Senior Executive Service (SES) and are in addition to the specific mandatory technical qualifications listed below. Additional information on the Executive Core Qualifications is available at ECQs . Your response must be limited to two pages for each ECQ.

ECQ 1 - Leading Change - The ability to bring about strategic change, both within and outside the organization to meet organizational goals. Inherent to this ECQ is the ability to establish an organizational vision and to implement it in a continuously changing environment. Competencies: creativity and innovation, external awareness, flexibility, resilience, strategic thinking, vision.

ECQ 2 - Leading People - The ability to lead people toward meeting the organization's vision, mission and goals. Inherent to this ECQ is the ability to provide an inclusive workplace that fosters the development of others, facilitates cooperation and teamwork, and supports constructive resolution of conflicts. Competencies: conflict management, leveraging diversity, developing others, team building.

ECQ 3 - Results Driven - The ability to meet organizational goals and customer expectations. Inherent to this ECQ is the ability to make decisions that produce high-quality results by applying technical knowledge, analyzing problems, and calculating risks. Competencies: accountability, customer service, decisiveness, entrepreneurship, problem solving, technical credibility.

ECQ 4 - Business Acumen - The ability to manage human, financial, and information resources strategically. Competencies: financial management, human capital management, technology management.

ECQ 5 - Building Coalitions - The ability to build coalitions internally and with other Federal agencies, State and local governments, nonprofit and private sector organizations, foreign governments, or international organizations to achieve common goals. Competencies: Partnering, political savvy, influencing/negotiating.

MANDATORY TECHNICAL QUALIFICATIONS (MTQs): The MTQs describe the necessary technical knowledge, skills, and competencies needed to successfully perform the duties of this position. Experience must have been at a sufficiently high level of difficulty to show clearly that the candidate possesses the required professional and technical qualifications and core qualification set forth below. Your response must be limited to two pages for each MTQ.

MTQ 1-Experience managing a portfolio of assets (e.g. notes, warrants, equity interests, or other assets) for a government or commercial loan, grants, or pension fund program.

MTQ 2-Experience communicating and presenting to sophisticated senior executives in a complex and time constrained environment. This includes the ability to work with a wide variety of people within and across organizational boundaries.

Please upload your responses to the ECQs and MTQs in the document section if addressing separately.

Education

Additional information

EEO Policy Statement: The United States Government does not discriminate in employment on the basis of race, color, religion, sex, national origin, political affiliation, sexual orientation, marital status, disability, age, membership in an employee organization, or other non-merit factor.
Reasonable Accommodation: Federal agencies must provide reasonable accommodation to applicants with disabilities where appropriate. Applicants requiring reasonable accommodation for any part of the application and hiring process should contact the hiring agency directly. Determinations on requests for reasonable accommodation will be made on a case-by-case basis. Legal and Regulatory Guidance.
Privacy Act: Privacy Act Notice (PL 93-579): The information requested here is used to determine qualifications for employment and is authorized under Title 5 U.S.C. 3302 and 3361.
Signature: Before you are hired, you will be required to sign and certify the accuracy of the information in your application. False Statements - If you make a false statement in any part of your application, you may not be hired; you may be fired after you begin work; or you may be subject to fine, imprisonment, or other disciplinary action.
Selective Service: If you are a male applicant born after December 31, 1959, you must certify that you have registered with the Selective Service System, or are exempt from having to do so under the Selective Service Law. The materials you send with your application will not be returned. Send only those materials needed to evaluate your application. Please do not place your application in a notebook or binder. For further information pertaining to the SES, applicants are encourage to visit: SES
Financial Disclosure: All employees of the Federal Government are subject to the conflict of interest statutes and regulations, including the Standards of Ethical Conduct. Upon hire, and on an annual basis thereafter, the incumbent of this position will be required to file a public financial disclosure report. The incumbent may be prohibited from holding certain financial interests.

How You Will Be Evaluated

You will be evaluated for this job based on how well you meet the qualifications above.

Your application will be evaluated on the basis of your resume and narrative statements reflecting the quality and extent of your total accomplishments, experience and education as they relate to the technical and executive qualifications described above. While you are NOT required to provide a narrative statement addressing the Technical Qualifications, candidates are strongly encouraged to address each Technical Qualification in separate statements. Candidates who choose not to address the technical qualifications separately will not be automatically disqualified. Candidates are NOT required to provide narrative response statements to address the Executive Core Qualifications when applying for this vacancy. However, the selectee will be required to address the ECQs before being appointed. Additional information on the Executive Core Qualifications is available.
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Background checks and security clearance

Security clearance
Secret

Drug test required
No

Position sensitivity and risk
Noncritical-Sensitive (NCS)/Moderate Risk

Trust determination process
National security

Required Documents

If you are a current, retired or former Federal employee, please provide a copy of your most recent SF-50, Notification of Personnel Action, to verify your status. If you have successfully completed the SES Candidate Development Program (CDP) please provide a copy of your certificate. These documents may be required during the recruitment process.

If you are relying on your education to meet qualification requirements:

Education must be accredited by an accrediting institution recognized by the U.S. Department of Education in order for it to be credited towards qualifications. Therefore, provide only the attendance and/or degrees from schools accredited by accrediting institutions recognized by the U.S. Department of Education .

Failure to provide all of the required information as stated in this vacancy announcement may result in an ineligible rating or may affect the overall rating.

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