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Senior Capital Markets Specialist, CG-1101-15 (APPOINTMENT NTE 2 YEARS)

US Federal Deposit Insurance Corporation Salt Lake City, Utah
senior capital capital markets capital instruments securities financial education veterans capital markets assets management fdic
May 12, 2024
US Federal Deposit Insurance Corporation
Salt Lake City, Utah

Duties


  • Serves as a preeminent expert in the area of complex capital market instruments responsible for identifying, managing, pricing, and analyzing capital market instruments with the highest-level complexity prior to bank failure, through and including the corresponding liquidation of those assets retained in the subsequent receivership.

  • Develops theories, practices and methods for evaluating and liquidating capital market instruments in conjunction with resolution activities.

  • Assesses and prioritizes capital markets instruments during the pre-closing of failed banks and gathers legal and financial documents required for assessing the sale of assets and to determine the price used to calculate the least cost test.

  • Serves as a technical expert on securities and securitization matters and advises agency senior management on ongoing receivership portfolio management and liquidation issues pertaining to valuation, credit and interest rate risks associated with the portfolio assets for year-end receivership financials; setting reserve prices for potential liquidation activities; and corporate action voting, tender offers and restructuring/recapitalization issues related to retained assets that represent ownership or creditor interest in ongoing- concern companies.

  • Develops, evaluates, and implements Division- wide policies and procedures related to securities and securitization transactions including policy recommendations and program changes to enhance efficiency and increase returns.

  • Provides expert technical advice concerning specific concepts or transactions for the sale of assets of highest value and complexity to recommend asset disposition strategies.

  • Gathers documentation from failed bank records or from third-party public and non- public sources required for the analysis, valuation, management and liquidation of any assets retained in a receivership.

  • Directs the analysis, valuation marketing and sale of the most complex capital market related assets in pre-failure and failed financial institutions. Evaluates the rights and obligations of the issuers and holder, values the instrument, prepares and recommends a strategy for management and marketing of the instruments.

  • Analyzes call report data or other publicly available information, and confidential bank examination reports on institutions that may fail, to identify the types of capital market instruments owned by the institution and to develop preliminary resolution strategies.

  • Collaborates with FDIC supervisory staff and representatives from other bank and thrift regulators to gather appropriate and timely information for institutions identified for potential failure.

  • Develops and communicates highly technical and potentially sensitive information regarding securities issued by open banks both orally and in writing, to audiences within and outside the Division, including FDIC management, other banking regulators and private sector executive, if necessary.


Requirements


Conditions of Employment


The candidate selected will be offered an appointment not-to-exceed two years, which may be extended to a maximum of seven years based on workload requirements and organizational staffing authorizations.



Minimum Background Investigation (MBI) required



Registration with the Selective Service.



U.S. Citizenship is required.



Employment Conditions.



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 Performing as a subject matter expert in: 1) capital markets operational roles supporting middle office or back office functions for financial instruments/securities/derivatives, OR 2) building or validating valuation or market risk models for securities or derivatives in the financial services industry, or performing quantitative risk or financial analysis in support of investment, hedging, or disposition decisions for a portfolio of securities, loans, or derivatives.

Education


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


Additional information


This position is currently eligible for the Remote Work Option (RWO), which is explained here.



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



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



The range of pay shown includes base pay plus supplemental locality adjustments. The locality rates for these duty locations range from a low of 16.82% to a high of 51.75%. Pay will vary by grade level and the locality rate for the geographic location where the selectee is located. For more on FDIC locality rates, click here.



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





  • 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. 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.


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.



Candidates will be referred to the selecting official for further review and consideration. Candidates eligible for veterans' preference will receive selection priority over non-veterans.



The assessment questionnaire is designed to measure your ability in the following competencies/knowledge, skills, and abilities (KSAs):



  • Ability to develop and update policies and procedures for the management and liquidation of complex capital markets instruments.

  • Skill using debt and equity capital markets instruments.

  • Knowledge of origination, creation, pricing/valuation, underwriting, investing or management of debt or equity securities in the capital markets.

  • Ability to manage, value, and market stocks, bonds, asset and mortgage- backed securities, mortgage derivatives, collateralized mortgage obligations (CMOs), and mortgage servicing rights, and other capital market instruments.

  • Ability to develop and implement policies and procedures for securities and other capital markets instruments.

  • Knowledge of examination/analysis of legal documents and financial structures associated with capital markets instruments.

  • Knowledge of Federal and State securities laws, securities sales and trading issues, settlement procedures, Depository Trust Company (DTC), physical securities and certificated securities.

  • Ability to analyze financial and asset data in closings and non-closing settings.

  • Ability to work with terms and conditions, including representations and warranties, loan covenants, events of default and pricing for debt and equity capital markets instruments.

  • Ability to communicate in writing to prepare and present board/committee cases, memoranda, and financial reports.

  • Ability to deliver presentations of data relating to proposed resolution and asset sale activities to officials both within and outside the organization.


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.





You may preview questions for this vacancy.

  • 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. 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.


  • Required Documents


    As a new or existing federal employee, you and your family may have access to a range of benefits. Your benefits depend on the type of position you have - whether you're a permanent, part-time, temporary or an intermittent employee. You may be eligible for the following benefits, however, check with your agency to make sure you're eligible under their policies.


    VETERANS PREFERENCE: If you are claiming veterans preference, click here. (Note: Veterans must submit the Member 4 copy 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.)



    SPECIAL APPOINTING AUTHORITIES FOR PEOPLE WITH DISABILITIES
    : If you are applying for consideration under special appointing authorities for people with disabilities, you will be required to provide proof of disability documentation to specify that you are a person who (1) has a severe physical disability; (2) an intellectual disability; or (3) a psychiatric disability. The documentation does NOT need to detail your specific disability, medical history, or need for accommodation, however; the letter MUST clearly state that you are eligible for appointment under this authority and that your eligibility is based on a severe physical disability; an intellectual disability; or a psychiatric disability. THE DOCUMENTATION MUST HAVE BEEN OBTAINED FROM: (a). Licensed medical professionals; or (b). State or private vocational rehabilitation specialists; or (c). Any Government agency (e.g., VA, etc.) that issues or provides disability benefit. THE DOCUMENTATION MUST INCLUDE: a statement that you are eligible based on one of the following: severe physical disability, an intellectual disability, or a psychiatric disability. To view sample Schedule A proof of disability letters, click here, and for more information on this special appointing authority, click here. Please note that employees hired under this Schedule A hiring authority will be required to complete a Standard Form 256 to identify their disability status.


    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.

  • How to Apply


    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 point of contact 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 Application Information to continue.



    You have until 11:59 p.m. ET (Eastern 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.


    Agency contact information


    Derrick Carroll

    Phone

    678-916-2306

    TDD

    1-800-925-4618


    Fax

    000-000-0000


    Email

    dcarroll@fdic.gov

    Address

    Federal Deposit Insurance Corporation

    FDIC Human Resources Branch

    Dallas, Texas 75201

    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.

    • Equal Employment Opportunity (EEO) Policy
    • Criminal history inquiries
    • Reasonable accommodation policy
    • Financial suitability
    • Selective Service
    • New employee probationary period
    • Signature and false statements
    • Privacy Act
    • Social security number request

Required Documents


VETERANS PREFERENCE: If you are claiming veterans preference, click here. (Note: Veterans must submit the Member 4 copy 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.)



SPECIAL APPOINTING AUTHORITIES FOR PEOPLE WITH DISABILITIES
: If you are applying for consideration under special appointing authorities for people with disabilities, you will be required to provide proof of disability documentation to specify that you are a person who (1) has a severe physical disability; (2) an intellectual disability; or (3) a psychiatric disability. The documentation does NOT need to detail your specific disability, medical history, or need for accommodation, however; the letter MUST clearly state that you are eligible for appointment under this authority and that your eligibility is based on a severe physical disability; an intellectual disability; or a psychiatric disability. THE DOCUMENTATION MUST HAVE BEEN OBTAINED FROM: (a). Licensed medical professionals; or (b). State or private vocational rehabilitation specialists; or (c). Any Government agency (e.g., VA, etc.) that issues or provides disability benefit. THE DOCUMENTATION MUST INCLUDE: a statement that you are eligible based on one of the following: severe physical disability, an intellectual disability, or a psychiatric disability. To view sample Schedule A proof of disability letters, click here, and for more information on this special appointing authority, click here. Please note that employees hired under this Schedule A hiring authority will be required to complete a Standard Form 256 to identify their disability status.


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.



Help

This job is open to


  • The public


    U.S. Citizens, Nationals or those who owe allegiance to the U.S.


Clarification from the agency


This position is open to All United States Citizens. This vacancy announcement will be open from 5/13/2024 to 5/24/2024 or when 100 applications have been received.


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