This position is located in the Division of Resolutions and Receiverships, Complex Financial Institutions Branch of the Federal Deposit Insurance Corporation and provides support in the areas of Qualified Financial Contracts ("QFCs") and related capital markets assets in failing or failed financial institutions. These assets include, but are not limitedto, retained interests in ABS and MBS transactions, investment-grade capital bonds, high-yield bonds, tax-exempt bonds, common stock, collateralized mortgage obligations ("CMOs") and other Collateralized Loan Obligations ("CEOs"), commitments for the sale of mortgage loans, REMICs, or financial transactions such as interest rate swaps, caps, floors, foreign exchange contracts, and other on- or off-balance sheet hedging vehicles and derivatives, as well as securities repurchase and reverse repurchase agreements, securities contracts, commodities contracts, and other forward agreements.Learn more about this agency
Additional selections may be made from this vacancy announcement to fill identical vacancies that occur subsequent to this announcement.
- Provides advice concerning specific concepts or transactions for the disposition of financial assets for developing and implementing Division-wide policies and procedures related to Qualified Financial Contracts (QFCs) and other securities and related assets; and partners with the Legal Division to develop, prepare and revise complex legal documents governing the disposition of capital markets instruments from failing financial institutions.
- Researches and gathers documents and interviews staff at open financial institutions in danger of failure, analyzing call reports and confidential supervisory information regarding such institutions, researching market information on financial assets, valuing complex financial assets and developing strategies for maximizing the return from these assets; identifies the types of capital markets assets including but not limited to, hedging vehicles and derivatives owned by the bank, and develops a preliminary resolution strategy.
- Researches and gathers information on QFCs from financial institutions; assists in implementation of 12 CFR Part 371 – QFC Recordkeeping; acts as a subject matter expert on Part 371; acts as subject matter expert on Part 148; analyzes and understands the role of QFCs in the banks’ portfolios and businesses; participates in on-site activities at failing and failed banks, and may act as a team leader in the management and liquidation of QFC positions and related assets acquired through a failed bank.
- Analyzes financial and industry information, as well as a failing or failed bank’s financial data, business lines and operations, in order to determine whether various QFCs and other capital markets instruments and related assets should be transferred, retained or repudiated by the FDIC as receiver; analyzes and reviews complex legal documents and financial structures for financial instruments and transactions.
- Responsible for the analysis, management, valuation, marketing and sale or liquidation activities related to capital markets instruments and related assets; and advises management on matters regarding planning, directing, reviewing, analyzing and coordinating the valuation, management and disposition of all types of securities and other capital markets assets.
25% or less - This position requires overnight travel.
Who May Apply
This job is open to…All United States Citizens.
(Applicants with status or those eligible under special hiring authorities, should apply under FDIC merit promotion announcement 2018-HQ-B0044. However, if you desire consideration also under this public non-status announcement, you must apply to both. Status applicants are current permanent Federal employees in the competitive service and former Federal employees with reinstatement eligibility.)
Job family (Series)
This job originated on www.usajobs.gov. For the full announcement and to apply, visit www.usajobs.gov/GetJob/ViewDetails/490727600. Only resumes submitted according to the instructions on the job announcement listed at www.usajobs.gov will be considered.