About this role
Job SummaryThis position is located in the Division of Insurance Research (DIR), Deposit Insurance and Risk Analysis, Financial Risk Management, Fund Analysis and Pricing Section in Washington, D.C. Salary reflects a pay cap for this position of $277,500.
QualificationsTo meet the minimum qualifications, applicants must possess the leadership and technical experiences listed below. These qualifications would typically be gained through serving in roles that require managing projects/teams or guiding the technical work of others. 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, skills, and abilities and can provide valuable training and experience that translates directly to paid employment. You will receive credit for all qualifying experience, including volunteer experience. MINIMUM QUALIFICATIONS: All applicants must submit a resume that addresses each minimum qualification experience. Examples should be clear, concise, and emphasize your level of responsibilities; the scope and complexity of the programs, activities, or services you managed; program accomplishments; policy initiatives undertook; level of contacts; the sensitivity and criticality of the issues you addressed; and the results of your actions. You should use action-oriented words to describe your experience and accomplishments and quantify your experience wherever possible to demonstrate your accomplishments. (e.g., the number of employees supervised). Leadership Experience 1: Experience in coordinating the work of employees in a work unit, including assigning and evaluating work; setting priorities, timelines, and expectations; and monitoring progress against goals; OR Leadership Experience 2: Experience in setting performance expectations; assessing employee performance; providing recognition and rewards; and providing feedback and development opportunities; addressing performance or conduct issues; AND Technical Experience: Experience in applying advanced accounting, finance, economic, and statistical principles and practices to financial institution issues.
Major DutiesAs the Chief, Fund Analysis and Pricing, the incumbent is responsible for the following: Responsible for evaluating and managing the Corporation's activities related to evaluating, reserving for losses, and pricing risks to the Deposit Insurance Fund. Evaluates the Deposit Insurance Fund and develops reserving, pricing, and policy recommendations. Identifies, summarizes, and evaluates potential risk to the Deposit Insurance Fund (DIF) and recommends an assessment rate schedule based upon the level of severity of risk exposure to ensure that the FDIC complies with statutory requirements to operate a risk-based assessment system, maintain the minimum reserve ratio, and consider factors related to management of the DIF. Monitors changes to the reserve ratio and recommends changes to assessment rate schedules to the extent that there is a significant change in the risk of future losses to the DIF or other factors that affect the reserve ratio. Provides analysis and develops new methods as necessary, in collaboration with other Divisions, to support the FDIC's Financial Risk Committee in establishing the quarterly reserves for future financial institution failures and in making other projections of failed institutions. Manages the process for assigning an insurance risk classification to each insured institution, which involves working closely with the Division of Risk Management Supervision, the Office of Complex Institution Supervision and Resolution, and the Division of Resolutions and Receiverships, and other agencies. Oversees methodology, output and ongoing maintenance, including validation processes, of complex models in support of, but not necessarily limited to, pricing, the quarterly contingent loss reserve, and contribution to corporate-wide financial planning and budgeting processes. Analyzes and updates proposals for deposit insurance reform and alternatives to the DIF, focusing in particular on the extent to which such risks are or should be reflected in fund reserves and the Corporation's risk related premium system. Supervises, directs and coordinates the work of the Fund Analysis and Pricing Section. Performs the full range of supervisory duties, including assigning, managing, developing, training, recruiting, and effectively utilizing personnel within the section. Additionally, directs the timely and proper completion of the work assigned, assesses work performance, and corrects deficiencies. Promotes continuing employee development, recommends personnel actions including awards, reprimands and/or terminations; and, provides input regarding the core staffing level and grade distribution of the section. Implements the FDIC's performance management program, holds staff meetings, and fulfills labor-relations responsibilities.Requirements2-page Resume Requirement: 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. Employment Conditions. This position requires the selectee to file a confidential financial disclosure report (OGE Form 450) as a condition of employment. Employee may be relocated to any duty location to meet management needs. The position requires a Moderate Risk/Noncritical-Sensitive Background Investigation (BI).