This position is located in the Legal Division, Office of the General Counsel, Financial Technology and Innovation Group (FTIG), Fin Tech Innovation Team (FIT) of the Federal Deposit Insurance Corporation and provides support in the areas of providing advice and assistance in connection with legal issues arising from new digital and other forms of technology.
Additional selections may be made from this vacancy announcement to fill identical vacancies that occur subsequent to this announcement.
Summary
This position is located in the Legal Division, Office of the General Counsel, Financial Technology and Innovation Group (FTIG), Fin Tech Innovation Team (FIT) of the Federal Deposit Insurance Corporation and provides support in the areas of providing advice and assistance in connection with legal issues arising from new digital and other forms of technology.
Additional selections may be made from this vacancy announcement to fill identical vacancies that occur subsequent to this announcement.
All United States Citizens. (Current FDIC employees should apply under FDIC announcement 2020-HQ-B0416. (However, if you desire consideration under both, you must apply to both.)
Analyzing and advising on the interpretation of statutes, common law, regulations, and legal considerations applicable to FinTech in the following subject areas: (1) U.S. banking law and regulations, and FDIC guidance, policies and procedures in that regard; and, particularly open bank legal issues intellectual property rights and liability, patent law, and particularly licensing arrangements; (2) FDIC corporate authorities and governance matters, and those involving procurement and information technology systems; (3) U.S. securities law; (4) international and foreign financial services law and regulatory frameworks; (5) general contract law, and specifically technology, software, and vendor contracts; (6) corporate and partnership law; and (7) mergers and acquisitions.
Serving as a recognized subject matter expert and resource within the FDIC Legal Division in two or more of the following subject matters or practice areas: (1) bank customer-facing, front-end operations involving digital solutions and back office technology processes, FinTech products and services, and operations of FinTech firms, networks and platforms; (2) blockchain, blockchain settlement systems, and distributed ledger development; smart contracts, utility settlement coins, and, in general, payments systems, and clearing and settlement; (3) cloud computing and cloud-based services; (4) machine learning, artificial intelligence, big data, deep learning, reinforcement learning, advanced data analytics, and predictive models; (5) consumer data privacy laws, including state and foreign laws; (6) Regtech (new technologies and processes that help financial institutions comply with regulatory requirements and manage risk); and, (7) SupTech, such as real-time access and supervision, reporting utilities, exceptions-based supervisory approaches, automated implementation of supervisory action, and algorithmic and predictive supervisory tools.
Collaborating and coordinating with FDiTech staff, senior FDIC management, Legal Division management, other FDIC Divisions, committees, and working groups to provide legal advice and input and coordinate the review, development, and advancement of policy proposals, including those involving non-regulatory approaches, such as guidance, statements of policy, prize competition/tech sprints and pilot programs, as well as strategies for implementation.
Preparing briefing materials, legal memoranda, recommendations, Congressional testimony, reports, speeches, and other external communication tools.
Completion of Financial Disclosure may be required.
Qualifications
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.
To qualify, applicants must have completed at least one year of specialized experience equivalent to at least the 14 grade level or above in the Federal service. Specialized experience is defined as experience with financial services digital technologies and innovations and the application of current law, regulation, and supervision.
Education
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 trial period.
The range of pay shown includes base pay plus supplemental locality adjustments. The locality rates for these duty locations range from a low of 28.35% to a high of 46.86%. Pay will vary by grade level and the locality rate for the geographic location where the position is located. For more on FDIC locality rates, click here.
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. Opens in a new windowLearn 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.
Eligibility for benefits depends on the type of position you hold and whether your position is full-time, part-time or intermittent. Contact the hiring agency for more information on the specific benefits offered.
How you will be evaluated
You will be evaluated for this job based on how well you meet the qualifications above.
Your resume will be reviewed, including the online assessment questionnaire, to assess your ability to perform this job.
Top ranked candidates will be referred to the selecting official for further review and consideration. Candidates who are eligible for veterans' preference will receive consideration. If you rated yourself higher than what is supported by your resume, your overall qualifications assessment may be adversely affected.
The assessment questionnaire is designed to measure your ability in the following competencies/knowledge, skills, and abilities (KSAs):
Ability to provide consistent, high quality legal analysis and advice.
Knowledge of, and the ability to perform, all duties as a subject matter expert and resource with respect to the applicable assigned substantive subject matters or practice areas.
Knowledge of, familiarity or prior experience with financial services digital technologies and innovations and the application of related legal principles are necessary, but the extent of such knowledge, familiarity or experience can vary as this is an evolving area of practice.
Ability to work effectively and cooperatively as part of a team and the ability to self-direct work in a collegial team environment employing a fast-paced, solutions-oriented, collaborative, less rigid structure is essential.
Ability to prepare clear, concise and well organized memoranda, and the ability to adjust writing style to the targeted audience.
You do not need to respond separately to these KSAs. Your answers to the online questionnaire and resume will serve as responses to the KSAs.
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. Opens in a new windowLearn 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.
Eligibility for benefits depends on the type of position you hold and whether your position is full-time, part-time or intermittent. Contact the hiring agency for more information on the specific benefits offered.
VETERANS’ PREFERENCE: If you are claiming veterans’ preference, click here. (Note: Veterans must submit the <b>Member 4 copy</b> of the DD 214, Certificate of Release or Discharge from Active Duty – or other copy showing the type of discharge/character of service [e.g., Honorable, Under Honorable Conditions, etc.] along with any other required documents (e.g., DD-214, VA Letter, SF-15, etc.) to demonstrate veterans’ preference eligibility.)
If you are relying on your education to meet qualification requirements:
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.
To begin, click the “Apply” button and follow the prompts. If you haven’t already, register and establish a USAJOBS account. After you register online, click the “Apply” button to complete the online assessment questionnaire, and submit all required documents. Please be sure to click “Submit Application” to complete the application process. You must apply online.
Applicants requesting an exception from the online process must contact the Human Resources Specialist or contact point listed in this announcement prior to 12:00 noon local time on the closing date.
To return to your saved application, log in to your USAJOBS account and click on “Applications” tab. Click on the “Position Title,” and then select “Update Application” or “Additional ApplicationInformation” to continue.
You have until 11:59 p.m. EST (Eastern Standard Time) on the closing date of this announcement to complete the application process.
Please ensure you have completed the application process by verifying the status of your application on-line to reflect: “Received”. Failure to complete the application process will result in an incomplete application and you will not be considered for the position.
Federal Deposit Insurance Corporation
Human Resources Service Center
3501 Fairfax Drive
HRB (PA-1730-5007)
Arlington, Virginia 22226
United States
Next steps
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.
The Federal hiring process is set up to be fair and transparent. Please read the following guidance.
VETERANS’ PREFERENCE: If you are claiming veterans’ preference, click here. (Note: Veterans must submit the <b>Member 4 copy</b> of the DD 214, Certificate of Release or Discharge from Active Duty – or other copy showing the type of discharge/character of service [e.g., Honorable, Under Honorable Conditions, etc.] along with any other required documents (e.g., DD-214, VA Letter, SF-15, etc.) to demonstrate veterans’ preference eligibility.)
If you are relying on your education to meet qualification requirements:
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.
To begin, click the “Apply” button and follow the prompts. If you haven’t already, register and establish a USAJOBS account. After you register online, click the “Apply” button to complete the online assessment questionnaire, and submit all required documents. Please be sure to click “Submit Application” to complete the application process. You must apply online.
Applicants requesting an exception from the online process must contact the Human Resources Specialist or contact point listed in this announcement prior to 12:00 noon local time on the closing date.
To return to your saved application, log in to your USAJOBS account and click on “Applications” tab. Click on the “Position Title,” and then select “Update Application” or “Additional ApplicationInformation” to continue.
You have until 11:59 p.m. EST (Eastern Standard Time) on the closing date of this announcement to complete the application process.
Please ensure you have completed the application process by verifying the status of your application on-line to reflect: “Received”. Failure to complete the application process will result in an incomplete application and you will not be considered for the position.
Federal Deposit Insurance Corporation
Human Resources Service Center
3501 Fairfax Drive
HRB (PA-1730-5007)
Arlington, Virginia 22226
United States
Next steps
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.
Fair and transparent
The Federal hiring process is set up to be fair and transparent. Please read the following guidance.
