FINANCIAL INSTITUTION SPECIALIST, CG-0570A-07

U.S. Federal Government - Little Rock, AR4.3

Full-time
Duties
Summary
Candidates selected for the Financial Institution Specialist (FIS) position in the Corporate Employee Program (CEP), will be assigned to an FDIC Field Office and participate in an intensive training program incorporating formal classroom training, self-study, and work assignments located in and outside of the employee's official duty station.

Successful candidates will be placed in the CEP beginning August 2019.

Responsibilities
Click here to view a video about the Corporate Employee Program and the Financial Institution Specialist position.

Financial Institution Specialists perform developmental assignments and receives on-the-job and formal classroom training designed to provide practical experience in the risk management, consumer protection/compliance, resolutions and receiverships, and deposit insurance functions of the FDIC.

Financial Institution Specialists assigned to the supervision function participate in the assessment of financial institutions to determine the existence of unsafe and unsound practices; violations of law and regulation; the adequacy of internal controls/procedures; the general character of management; compliance with consumer protection, fair lending and related laws and regulations, and the Community Reinvestment Act. They also write comments and analyses for inclusion in examination reports and meet with insured depository institution officials to discuss the findings of an examination and, if necessary, any corrective programs.

Financial Institution Specialists assigned to the resolutions and receivership management function participate in planning and marketing for the sale of failed financial institutions and their assets; the preparation of information packages and pro-forma statements; the closing of failed institutions and the determination of deposit insurance claims; oversight and management of failed institution assets; investigation of potential receivership claims; and the management of receiverships through termination.

Travel Required
75% or less - Very frequent overnight travel, up to 3 weeks per month (most locations).

Supervisory status
No

Promotion Potential
12

Job family (Series)
0570 Financial Institution Examining

Requirements

Requirements
Conditions of Employment
U.S. Citizenship.
Examiners are subject to credit limitations - see "Other Information."
Very frequent overnight travel, up to 3 weeks per month (most locations).
Subject to relocation to any duty location to meet management needs.
MUST be available for assessments June 5-7, 2019, in Arlington, VA.
Pass automated writing assessment - see Qualifications/Evaluations Sections
Moderate Risk Position-Minimum Background Investigation (MBI) Required.

Registration with the Selective Service https://www.sss.gov .
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.

Applicants may qualify based on education, work experience, or a combination of both, as defined below:

CG-7 Education-Based Qualifications Requirements: (Note: Applicants may substitute quarter or other credit hour equivalents for the semester hour requirements indicated.)

To qualify based on education, candidates must meet one of the following two requirements by the closing date of this announcement:

1. Completion of a bachelor’s degree from an accredited college or university that included the following: (a) completion of a major course of study in accounting, banking, business administration, commercial or banking law, economics, finance, marketing or other related fields; (b) completion of at least 24 semester hours of combined coursework in business administration, accounting, finance, marketing, mathematics, statistics, or economics that included at least 6 semester hours in accounting; and (c) fulfillment of one or more of the requirements listed below for Superior Academic Achievement (SAA).

Superior Academic Achievement (SAA):
To qualify for SAA, applicants must have met one of the following:

a. A grade-point average of "B" (a GPA of 2.95 or higher out of a possible 4.0) for all completed undergraduate courses, or those completed in the last two years of undergraduate study.
b. A grade-point average of "B+" (a GPA of 3.45 or higher out of a possible 4.0) for all courses in your major field of study, or those courses in your major completed in the last two years of undergraduate study.
c. Rank in the upper one-third of your class in the college, University or major subdivision.
d. Membership in a national honor society (other than freshman honor societies) recognized by the Association of College Honor Societies.

OR

2. Completion of one academic year of graduate study at an accredited college or university in accounting, banking, business administration, commercial or banking law, economics, finance, marketing or other related fields. In addition, completion of at least 24 semester hours of combined undergraduate and graduate coursework at accredited colleges or universities in business administration, accounting, finance, marketing, mathematics, statistics, or economics that included at least 6 semester hours in accounting.

OR

CG-7 Experience-Based Qualification Requirements: To qualify based on experience, candidates must have one year of experience which demonstrated skill in gathering and analyzing financial data; interpreting balance sheets and income statements; and using a variety of software applications. To be creditable, experience must be at the next lower grade, i.e. at the CG-5 for the CG-7. Examples of qualifying specialized experience include:

1. Work requiring a thorough knowledge and application of commercial accounting or auditing principles and practices (but less than full professional accounting knowledge) with a financial institution.

2. Examining or auditing such financial institutions as savings and loan associations, savings or commercial banking institutions or trust companies, farm credit associations, or Federal or State credit unions.

3. Professional accounting or auditing work that provided a broad knowledge of the application of accounting or auditing principles and practices.

4. Work that provided a thorough knowledge of Federal and State laws applicable to the type of financial institution involved (e.g., savings and loan associations, Bank for Cooperatives, savings or commercial banks, investment institutions, etc.), and of the operations and practices of such institutions.

OR

Combinations of successfully completed education and experience may be used to meet the full qualification requirements for the CG-7, as long as the education and experience demonstrates skill in gathering and analyzing financial data; interpreting balance sheets and income statements; and using a variety of software applications.

AND

SELECTIVE PLACEMENT FACTOR: In addition to meeting the qualification requirements as described above, this position has the following Selective Placement Factor:

Ability to effectively communicate in writing as evidenced by using proper grammar to compose written documents which are clear, concise, thorough, and free of spelling, grammatical, and punctuation errors.

Automated Writing Assessment: Candidates must demonstrate that they meet the Selective Placement Factor by passing an automated writing assessment. Candidates who self-assess at 85 or above on the vacancy announcement assessment questionnaire will receive notification with a link via e-mail within two weeks from the closing date of the announcement to take the automated writing assessment. Candidates will be allotted twenty-five (25) minutes to complete the assessment after clicking on the “First Question” button. Candidates will have three days to complete the assessment. The completion deadline will be indicated in the notification e-mail. Candidates must complete and pass the automated writing assessment in order to receive further consideration for this position. Candidates who fail will be deemed not qualified for failure to meet the Selective Placement Factor and will receive no further consideration for this position.

Your automated writing assessment results, whether pass or fail, are valid for twelve (12) months for the entry-level FIS position within the FDIC only. You will not be able to retake the assessment for a period of 12 months from the date you complete the assessment. You will be notified of your assessment results and your assessment retake eligibility date. Your assessment results will be used for this entry-level FIS placement opportunity and reused for future entry-level FIS job opportunities for 12 months should you elect to apply for those opportunities. Disclaimer: This does not restrict your ability to apply to other FDIC entry-level FIS job opportunity announcements within this 12 month window; however, if you previously failed the assessment you will be found ineligible.

For this job opportunity announcement : If you previously completed the automated writing assessment see "Other Information".

Tablet/phone mobile devices do not support all features for the assessment; therefore, it is recommended that you use a desktop/laptop to complete the assessment. If you have questions about the computer requirements please contact PFhelpdesk@PDRI.com . If you wish to request a reasonable accommodation for the automated writing assessment, you must email us at CEPHRB@fdic.gov by the closing date of this announcement. If your reasonable accommodation request is submitted after the closing date of the announcement, it will be considered on a case-by-case basis as there may not be adequate time to process your request.

Education
Additional information
For this job opportunity announcement : If you previously completed the automated writing assessment and your retake eligibility date is on or before the closing date of this announcement, you are eligible to retake the assessment and must do so as your current result (whether Pass or Fail) will not be valid on the closing date of this job opportunity announcement. If your retake eligibility date is after the closing date of this announcement, you are not eligible retake the assessment at this time, and your current result (whether Pass or Fail) will be used for this job opportunity announcement.

Selectees are expected to spend up to four years working in the duty location offered until the requirements are met to be commissioned as a financial institution examiner or resolutions and receiverships specialist. Reassignment or transfer to a different duty location is highly unusual and will be made only in exceptional and rare circumstances.

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

Additional selections may be made from this vacancy announcement to fill identical vacancies that occur subsequent to this announcement, as allowed by regulation.

Candidates selected for the FIS position will be placed in a career-conditional appointment in the competitive service. If selected, you may be required to serve a one year probationary period.

Subject to Credit Limitations: Financial Institution Specialists 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 Specialists 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 Specialists are prohibited from the following: 1. Obtaining a loan or a line of credit from any FDIC-insured state nonmember bank or its subsidiaries (either within or outside of the jurisdiction of the employee’s assigned field office) except a loan or line of credit secured by a primary residence issued under the same terms and conditions available to the public from an FDIC-insured state nonmember bank. Any extensions of credit held by the Specialist, the Specialist’s spouse, or any dependent children are extensions of credit to the Specialist. The Specialist must not participate in any examination of that institution which holds the primary residence loan, and a "cooling off" period may be required before negotiating a loan for a primary residence from any institution the Specialist has examined. Financial Institution Specialists may obtain and hold a credit card account established under an open end consumer credit plan and issued by an FDIC-insured State non-member bank or its subsidiaries. 2. Participating in any examination, or other matter, involving an insured depository institution or any person with whom the Specialist 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 Specialist’s official position.

How You Will Be Evaluated
You will be evaluated for this job based on how well you meet the qualifications above.

You must demonstrate that you meet the Selective Placement Factor by completing and passing an automated writing assessment in order to receive further consideration for this position. If you self-assess at 85 or above on the vacancy announcement assessment questionnaire, you will receive notification with a link to the automated writing assessment. (Refer to Qualifications Section - Selective Placement Factor).

If you pass the automated writing assessment, your resume will be reviewed, including the vacancy announcement assessment questionnaire, to determine whether you meet the remaining qualification requirements outlined in this announcement. Therefore, it is imperative that your resume contain sufficiently detailed information upon which to make the qualification determination. Please ensure that your resume contains specific information such as position titles, beginning and ending dates of employment for each position, average number of hours worked per week, duties performed, and if the position is/was in the Federal government, the position series and grade level. If you rate yourself higher on the questionnaire than what is supported by your resume, your overall qualifications assessment may be adversely affected. This could mean that you pass the automated writing assessment, thereby demonstrating that you meet the Selective Placement Factor, but are later deemed to be "not qualified" for failure to meet the remaining qualification requirements.

If you are found qualified, you will be placed in one of several categories: Best Qualified, Highly Qualified, Well Qualified, Fully Qualified, or Qualified, based upon the degree to which your background and responses to the assessment questions match the qualification requirements of the position. Within these categories, candidates eligible for veterans' preference will receive selection priority over non-veterans. The highest-ranked candidates for each location may be invited to Arlington, VA to participate in a 3-day assessment process from June 5-7, 2019, at the FDIC’s expense. If invited, attendance will be required to receive further employment consideration. During the event, candidates are assessed on several job-related factors by means of taking the following assessments: a math assessment, a persuasive oral presentation assessment, a teamwork assessment, and a structured interview. The assessments and the interview are governed by a set of benchmarks. Hiring decisions are made based on governing regulations and the candidate’s performance against the benchmarks of each assessment.

FDIC provides reasonable accommodations to candidates with disabilities. If invited to the event and you need a reasonable accommodation for any part of the event (including reasonable accommodation for the series of assessments), we will ask that you please notify us within three days of receiving the invitation to allow us adequate time to consider the request; however, you can make a reasonable accommodation request at any time once invited. The decision on granting reasonable accommodation will be on a case-by-case basis.

Applicants who are selected to participate in the hiring event will receive an invitation no earlier than two weeks prior to the event.

To preview questions please click here .

Background checks and security clearance
Security clearance
Other

Drug test required
No

Required Documents

Required Documents
Please review the following to determine what documents are required to be submitted as part of your application.

EDUCATION DOCUMENTS: If you are using education to meet all or part of the qualification requirements, you must submit a copy of your college transcript (an unofficial transcript is acceptable). Education must be from accredited institutions. For a listing of accredited educational institutions, click here . An official transcript will be required if you are selected. If you attended more than one university and need to send multiple transcripts, please upload/fax all transcripts as one document.
Foreign Education: If you are using education completed in foreign colleges or universities to meet the qualification requirements, you must show that the education credentials have been evaluated by a private organization that specializes in interpretation of foreign education programs and such education has been deemed equivalent to that gained in an accredited U.S. education program. For more information, click here .

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.)

INTERAGENCY TRANSITION ASSISTANCE PROGRAM (ICTAP): If you are a displaced or surplus Federal employee eligible for consideration under the ICTAP, you must submit proof of eligibility. For more information, click here.

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.

Benefits

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. Learn more about federal benefits .

The salary range shown is the CG-7 Financial Institution Specialist (FIS) base salary range with the locality pay adjustment. To view the locality pay adjustments for the advertised duty locations, click here. The starting base salary for candidates selected under this announcement is generally set at $50,000, plus the locality rates for their assigned locations. The CG-7 FIS is considered an entry-level trainee position and the intention is for candidates to receive starting base salaries. In rare circumstances, the FDIC may offer a higher base salary to candidates who supply documented proof that they have earned a higher salary in a related position; however, determinations will be made on a case-by-case basis. Approved pay exceptions virtually never exceed 10% of the basic pay rate. Current FDIC employees will have their pay set in accordance with the FDIC’s internal pay setting policy.

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.