Derivatives and QFC Specialist, CG-1101-13/14

Other Agencies and Independent Organizations - Federal Deposit Insurance Corporation • Multiple Locations

Company

Other Agencies and Independent Organizations - Federal Deposit Insurance Corporation

Location

Multiple Locations

Type

Full Time

Job Description

This position is located in Division of Complex Institution Supervision & Resolution (CISR), Resolution Readiness Branch, Receivership Management Sub-Branch, and is responsible for serving as a principal subject matter and technical expert in the area of Qualified Financial Contracts (QFCs) and related capital markets assets in failing or failed financial institutions.

The duty location is determined upon selection.

Additional selections may be made from this vacancy announcement.

Learn more about this agency

Conditions of Employment

Registration with the Selective Service.

U.S. Citizenship is required.

Employment Conditions.

Completion of Financial Disclosure may be required.

Background Investigation (BI) 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.

For CG-13, applicants must have completed at least one year of specialized experience equivalent to at least the CG/GS-12 grade level or above in the Federal service. Specialized experience is defined as:

Performing at least two (2) of the following functions: 1. assists with analyzing derivatives and Qualified Financial Contracts (QFCs); 2. performing or managing derivatives settlement and margining processes; 3. experience assisting with front to back operations processes (including key elements such as confirmations, settlements, regulatory reporting); 4. experience with key elements of other infrastructure groups (i.e. Finance, Market risk, Credit risk, Operational risk, Legal, Collateral etc.), and the impact of Trade support team actions on these areas.

For CG-14, applicants must have completed at least one year of specialized experience equivalent to at least the CG/GS-13 grade level or above in the Federal service. Specialized experience is defined as:

Performing at least three (3) of the following functions: 1. analyzing derivatives and Qualified Financial Contracts (QFCs); 2. leading derivatives settlement and margining processes; 3. leading front to back operations processes (including key elements such as confirmations, settlements, regulatory reporting); 4. experience with key elements of other infrastructure groups (i.e. Finance, Market risk, Credit risk, Operational risk, Legal, Collateral etc.), and the impact of Trade support team actions on these areas.

Applicants eligible for ICTAP (Interagency Career Transition Assistance Program) must achieve a score of 80 or higher in the online assessment to be determined “well qualified” for this position. For more information, click here.

Education

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

Additional information

Additional selections may be made from this vacancy announcement to fill identical vacancies that occur subsequent to this announcement.

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

Selectee(s) for this position will be required to report to their duty station office two days per week.

The range of pay shown includes base pay plus supplemental locality adjustments. The locality rates for these duty locations range from a low of 33.41% to a high of 40.07%. 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.

Salary reflects a pay cap for this position of $252,500.

To read about your rights and responsibilities as an applicant for Federal employment, 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.

To find out more, click here.

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.

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Date Posted

11/13/2024

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