USAJOBS · 1 month ago
Associate Director, Financial Risk Management, EM-0301-00
Washington, District of Columbia, USA
Full-time
Onsite
Lead/Staff, Director/Executive
$275K/yr - $300K/yrThe Federal Deposit Insurance Corporation is seeking an Associate Director for its Financial Risk Management Branch. The role involves supervising a team of professionals and analyzing risks to the Deposit Insurance Fund while ensuring compliance with statutory and regulatory requirements.
ConsultingGovernmentHuman ResourcesInformation TechnologyInternetStaffing Agency
No H1B
Security Clearance RequiredU.S. Citizen Only
Responsibilities
As Associate Director, the incumbent is responsible for the supervision and the direction of a highly trained, multi-disciplinary staff of economists, financial analysts, policy analysts, accountants, research assistants, and other professionals
Responsible for monitoring factors that affect the Designated Reserve Ratio (DRR), analyzing and managing risks to the Deposit Insurance Fund, and ensuring that the FDIC meets statutory and regulatory requirements and complies with Board directives to maintain an adequately funded Deposit Insurance Fund and related contingent loss reserves
Responsible for evaluating, refining, and operating the FDIC's risk related premium system and for recommending changes to the FDIC's risk-based pricing regulations to the Board
Responsible for related models that identify and project potential bank failures and changes in the risk-based pricing profiles of insured institutions to help determine if deposit insurance assessments are commensurate to the risks that the industry poses to the deposit insurance fund
Directs and participates in the activities of the Financial Risk Committee (FRC), an inter-divisional group responsible for quantifying existing and potential risks to the deposit insurance fund
Works closely with counterparts in other FDIC divisions, such as legal, to research and examine existing laws and authorities when considering the implementation of policy initiatives in the form of potential changes to rules and regulations for risk-based pricing and the deposit insurance fund
Responsible for analysis and research on banking and regulatory policy issues to advise senior FDIC management and Board members on policy alternatives related to the FDIC's rules for risk-based pricing, deposit insurance fund analysis, and supervision
Responsible for the delivery of analysis, presentations, and research to be used in congressional testimony and speeches to be delivered by the Chairman, Vice Chairman, and other senior officials
Establishes and maintains continuing liaison with counterparts in other FDIC divisions, officials of other regulatory agencies, and representatives of various financial institutions and private industry
Exercises supervisory personnel management authority and performs the full range of performance management duties to include: planning, assigning, and reviewing work products of subordinate supervisors and section accomplishments; establishing guidelines and performance expectations; and, evaluating work performance and providing feedback to others on their performance. Identifies training and developmental needs for subordinate supervisors 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
Qualification
Required
Experience in overseeing and coordinating the work of organizational units directly and indirectly through subordinate supervisors, including assigning work; directing changes to programs and priorities; and evaluating performance against goals
Experience in managing employee performance and growth directly and indirectly through subordinate supervisors, including evaluating employee readiness for successive roles; recognizing accomplishments, providing feedback and development opportunities, and addressing performance/conduct issues
Experience in overseeing implementation of and improvements to recruiting, hiring, training, utilization, and succession readiness of staff
Experience in planning, directing, coordinating and evaluating all activities of a Division associated with quantifying risks to the deposit insurance fund, factors that can affect the reserve ratio, establishment of a recommended Designated Reserve Ratio, and policy issues related to deposit insurance
Benefits
Basic life insurance coverage for Executive Managers is automatically equal to 3 times their salary (rounded to the next higher thousand) up to a maximum of $800,000
The Corporation pays for the cost of the basic coverage unless employees also elect to be covered under the Federal Employees Group Life Insurance Program (FEGLI).
Company
USAJOBS
USAJOBS enables federal job seekers to access job opportunities across hundreds of federal agencies and organizations.
Founded in 1996
10001+ employees
Funding
Current Stage
Late StageRecent News
Company data provided by crunchbase