Chief, Resolution Readiness (Large and Complex IDI Resolution Planning), CM-1101-00

Full Job Description

This position is located in the Division of Complex Institution Supervision and Resolution (CISR), Resolution Readiness Branch of the Federal Deposit Insurance Corporation in either New York City, NY or Washington, D.C.

Salary reflects a pay cap for this position of $277,500. To 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.

Leadership Experience: Experience in leading and coordinating projects, including establishing expectations, reviewing work products/services, monitoring progress, and providing guidance and feedback to team members; AND Technical Experience 1: Experience in leading teams of resolution subject matter experts in the review of insured depository institutions (IDI) Plans; AND Technical Experience 2: Experience in preparing summary analyses regarding resolution strategy for senior management.

Large, complex financial institutions (LCFIs) may be defined as financial intermediaries engaged in some combination of commercial banking, investment banking, asset management and insurance, whose failure poses a systemic risk or externality to the financial system as a whole.

These risks are intertwined among both insured and uninsured subsidiaries, and the largest and most complex of these companies often have global footprints and interdependent counterparty relationships with one another that increase their complexity and risk.

Major Duties:

As the Chief, Resolution Readiness (Large & Complex IDI Resolution Planning), the incumbent is responsible for the following: Develops and maintains operational readiness for conducting resolutions for large and complex insured depository institutions; develops policies and procedures documenting resolution processes; and executes resolution strategies and processes for failing or failed institutions.

Implements processes to test, validate, and simulate the FDIC's operational plans, policies, and procedures for the resolution of large, complex financial institutions (LCFIs) under the Federal Deposit Insurance Act (FDIA) to ensure that such plans are feasible and executable.

Leads staff in designing and proposing to senior management, resolution strategy options for LCFIs accounting for the unique profile of individual institutions or types of institutions; identifies for alternative resolution strategies the relevant operational impediments, policy considerations, and potential systemic risks.

Collaborates with other groups within FDIC, other regulators including Federal and International, and other parties as appropriate to identify, collect and manage pertinent information from complex financial institutions and other data sources as needed to measure, monitor, and control risks and mitigate risk to the Deposit Insurance Funds.

Coordinates with other section chiefs within CISR as well as managers of other agencies and authorities to organize and communicate resources and responsibilities for the resolution of LCFIs.

Serves as a technical advisor to Associate and Deputy Directors, Resolution Readiness Branch, and at times the Director of CISR, for all matters pertaining to resolution planning programs and execution activities for LCFIs.

Provides guidance to individuals and groups engaged in reviewing proposed legislation and determining the need for new policies or procedures.

Establishes and maintains cooperative relationships with Associate and Deputy Directors throughout CISR and other Divisions and Offices within the Corporation, officials of other regulatory agencies, and representatives of financial institutions.

Represents the Division on assigned matters pertaining to resolution planning programs and serves as an expert spokesperson on FDIC plans, policies and procedures as they relate to complex financial institution resolution and other matters under the branch's purview.

Prepares analyses and briefs FDIC management on recommendations regarding the progress of resolution strategy development efforts.

Coordinates with the management of Division of Resolutions & Receiverships, Legal Division, Division of Finance, Office of Communications and other divisions and offices to ensure that resolution strategies are operationally feasible.

Exercises supervisory personnel management authority and performs the full range of performance management duties to include: planning, assigning, and reviewing work products of subordinates; establishing guidelines and performance expectations; and, evaluating work performance and providing feedback to others on their performance.

Identifies training and developmental needs for staff and provides regular recognition of staff.

Works in collaboration with the appropriate Human Resources and Legal staff to administer disciplinary action. Hears and resolves grievances or other disputes as appropriate.

Approves/ disapproves requests for leave, telework, travel, training, etc.