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Federal Deposit Insurance Corporation Senior Examiner, Large Financial Institutions, CG-570-13 (Temporary Promotion NTE 6 Months) in Lexington, Massachusetts

Summary

This position is located in the Division of Risk Management Supervision, New York Region, Boston North Field Office, Lexington, MA, of the Federal Deposit Insurance Corporation and provides support in the areas of large financial institution examination.

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

Responsibilities

-Conducts bank supervision and examination functions, with a view toward assessing risk, as well as strengthening and improving the condition of the assigned organization, as appropriate.

-Maintains an informed position on economic and financial trends which may affect the assigned organization.

-Conducts ongoing analysis and evaluation of the financial condition, business initiatives, and future prospects of the assigned organization and its affiliates to assess the potential risk to the deposit insurance fund.

-Reviews developments applicable to the assigned organization, including accounting, reporting, and regulatory changes.

-Prepares written reports summarizing the results of examinations, analyses, studies, and other supervisory findings to inform senior management at both the regional and Washington office level of significant issues and recommend appropriate supervisory action.

-Maintains ongoing communication with management at the assigned organization to exchange information and inform them of supervisory findings and issues, as well as respond to and resolve issues or questions. Maintains cooperative relationships with the appropriate state, Federal, and international supervisory agencies.

Requirements

Conditions of Employment

THIS IS A TEMPORARY ASSIGNMENT NOT TO EXCEED 6 MONTHS. The selectee will be given a temporary promotion if eligible or be placed on a lateral detail if already serving at the advertised grade level on a permanent basis. If temporarily promoted, the temporary assignment may be ended earlier or extended for and additional six (6) months or up to five (5) years based on management’s needs. It may also be made permanent without further competition. If the temporary assignment is not made permanent and its duration is one year or less, the employee will be returned to a position that is comparable to his or her permanent position (i.e., same series, grade, and duty location) in the same or successor Division/Office. If, however, the temporary assignment is not made permanent, is to a position in a different Division/Office from the employee’s permanent Division/Office, and exceeds one year (including extensions beyond one year of the initial appointment of one year or less), the employee will not be returned to his or her permanent position of record. Instead, the employee will be placed in a permanent position comparable to his or her permanent position of record (at the same grade and pay) in the Division/Office and duty location where the temporary assignment is located. Since an extension of a temporary promotion beyond one (1) year will directly impact the employee’s return rights to his or her permanent Division/Office and duty location, the employee must concur in advance with any extension of the temporary promotion beyond one (1) year.

At the end of the temporary promotion (if temporarily promoted), the employee’s basic pay will be set at the rate received prior to being temporarily promoted, regardless of length of the temporary promotion. The pay rate shall be increased to reflect pay increases (if any) received while temporarily promoted, as long as the resulting rate does not exceed the new range maximum.

Completion Of Financial Disclosure May Be Required.

Employee may be relocated to any duty location to meet management needs.

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 foundhere.

To qualify, applicants must have completed at least one year of specialized experience equivalent to at least the 12grade level or above in the Federal service. Specialized experience is defined asexperience examining a financial institution’s safety, soundness, and risk posed to the Deposit Insurance Fund.

Applicants must be a Commissioned Risk Examiner in the FDIC.

Applicants must have met the qualification requirements (including selective placement factors – if any) for this position within 30 calendar days of the closing date of this announcement.

Education

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

Additional Information

If selected, you may be required to serve a probationary or trial period as applicable to appointment type. To read about your rights and responsibilities as an applicant for Federal employment, click here. Financial Institution Examiners must maintain the highest personal ethical standards as provided in Part 336 of the FDIC's Rules and Regulations, (Employee Responsibilities and Conduct). Financial Institution Examiners must comply with Section 3201.102 of Supplemental Standards of Ethical Conduct for FDIC Employees (5 CFR Part 3201), which, in part, prohibits them and their immediate families from accepting certain credit from State nonmember banks. All Financial Institution Examiners are prohibited from the following: 1. Obtaining a loan or a line of credit from any insured state nonmember bank or its subsidiaries. Any extensions of credit held by the Examiner, the Examiner's spouse, or any dependent children are direct or indirect extensions of credit to the Examiner. Exceptions: a. Loans for a primary residence are permissible. The Examiner must not participate in any examination of that institution with which he holds the primary residence loan, and a "cooling off" period is required before negotiating a loan for a primary residence from any institution the Examiner has examined. b. No restrictions on obtaining credit cards issued under the same terms and conditions available to the public from an insured state nonmember bank either within or outside of their field office of assignment. 2. Participating in any examination, or other matter, involving an insured depository institution or any person with whom the Examiner has an outstanding loan or line of credit. 3. Performing any service for compensation with any bank, or for any officer, director, or employee thereof, or for any person connected therewith. 4. Disclosing any confidential information from a bank examination report except as authorized by law. 5. Soliciting or accepting any gift from a prohibited source or because of the Examiner's official position.

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