Chief, Asset Management Credit Operations Section, CM-1101-00 (FDIC-Only)

About the role

This position is located in the Division of Resolutions and Receiverships (DRR), Asset Marketing and Management Branch, Asset Management Credit Operations Section of the Federal Deposit Insurance Corporation in either Dallas, TX, New York City, NY, or Washington, D.C. Salary reflects a pay cap for this position of $277,500.

What you will do

• Leads, manages, directs and coordinates the full range of mission responsibilities related to the management of assets and subsidiaries retained from failed financial institutions, the oversight of the contract repudiation process, and oversight of asset management contractors utilized in failed bank resolutions.
• Manages and direct the work of SMEs and technical experts in the area of asset and subsidiary management, including the oversight and servicing activities related to asset portfolios of all levels of complexity retained from failed financial institutions, including portfolios of loans, participations, leases, credit cards, servicing rights, subsidiaries, subsidiary held assets, and failed bank contracts.
• Direct the management of large and complex financial institution assets including, loans, subsidiaries, participations, leases, credit cards, servicing rights, subsidiary-held assets, and other assets utilizing various control mechanisms to preserve and increase value of retained asset portfolios.
• Oversees the review and analysis of assets to determine appropriate management strategy.
• Oversees staff in the analysis of financial and industry information for various asset management methods for failed financial institution assets.
• 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

• 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.
• This position requires the selectee to file a conditional 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 a High Risk/Non-sensitive Background Investigation (BI).

Education

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

How you will be evaluated

1. Your resume will be reviewed, to determine whether you meet the qualification requirements outlined in this announcement. Therefore, it is imperative that your resume contains sufficiently detailed information upon which to make the qualification determination.

2. If you are found minimally qualified, a Management Screening Panel (MSP) will review your resume against pre-established benchmarks related to the competencies/KSAs, to determine if you possess the competencies/KSAs and key experiences. 3.

Top ranked candidates will be invited to participate in one or more structured panel interviews to further assess technical competencies, confirm organizational fit, and commitment to American ideals. The competencies/KSAs you will be assessed on are listed below.

Advising Financial and Resource Management Strategic Thinking Knowledge of the Division's policies and procedures relating to asset management, including the oversight and servicing activities related to asset portfolios of all levels of complexity retained from failed financial institutions, including portfolios of loans, subsidiaries, participations, leases, credit cards, servicing rights, subsidiary held assets, and failed bank contracts, to make recommendations on policy/procedural changes, and provide definitive technical interpretations of policies.

Knowledge of the principles, practices, and methods of financial analysis and the ability to use this knowledge to analyze complex financial statements and to resolve issues related to this analysis.

Knowledge of all types of credit, underwriting methodology, and asset valuation theory, techniques and strategies related to the preservation of value through effective servicing and asset management strategies for each asset class; and, the ability to assess market conditions and determine impact on asset values; manipulate loan data files and deliverables; manage loan servicing and asset management services and contractors throughout complex valuation exercises and use advanced statistical concepts to assess result validity.

Knowledge of laws, rules, regulations, policies and procedures relating to resolution activities and the ability to apply this knowledge to coordinate these activities for a regional level. Your resume will serve as responses to the competencies/KSAs. Only include experience directly relevant to the position.

Experience must be explicitly stated in the resume as experience not specifically described in the resume cannot be assumed. Resumes that are vague or don't address specific requirements will not receive maximum consideration. You may preview questions for this vacancy.

Documents you must provide

• Failure to provide all of the required documentation as stated in this vacancy announcement, may result in an ineligible determination or may affect your consideration status.
• Please review the following to determine your eligibility and which document(s) is required to complete your application: Your two (2) page resume showing all relevant work experience (paid and unpaid) including: duties performed; full name and address of the each employer; start and end dates (month/year); work schedule (part-time, full-time, number of hours if intermittent); salary; and any completed education and training (program title, subject area, number of hours completed, and completion date).
• FDIC EMPLOYEES: Submit a final digitally signed copy of your most recent Annual Performance Appraisal and Evaluation form.
• The final PDF form is also acceptable.
• Please note that your form must be printed in landscape orientation for the required signatures to be visible.
• If you want to be considered non-competitively include a copy of your SF-50.
• The SF-50 must show the highest grade level or full performance level applicant has attained competitively on a permanent basis, and grade must be equivalent or higher than the grade for which applying.
• Multiple SF-50s may be necessary to determine your eligibility.

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. Learn 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.

What to expect next

The Fair Chance Act prohibits inquiries concerning an applicant's criminal history information unless the hiring agency has made a conditional (tentative) offer of employment to the applicant.

An applicant may submit a complaint, or any other information, to the agency within 30 calendar days of the date of alleged non-compliance by contacting the Federal Deposit Insurance Corporation's Human Resources Staffing Policy and Accountability team at *** You may check the status of your application on-line 24 hours a day, 7 days a week through USAJOBS by signing in and selecting "Application Status." Thank you for your interest in working for the Federal Deposit Insurance Corporation.

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 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. If selected, you may be required to serve a supervisory/managerial probationary period.

Additional selections may be made from this vacancy annoucement to fill identical vacancies that occur subsequent to this annocement. This position is a Corporate Manager, CM-00 which is equivalent to above the CG/GS-15. This is a recommended minimum Step 5 position.