Derivatives and QFC Specialist, CG-1101-13/14 - Military Veterans

This position is located in Division of Complex Institution Supervision & Resolution (CISR), Resolution Readiness Branch, Receivership Management Sub-Branch, and is responsible for serving as a principal subject matter and technical expert in the area of Qualified Financial Contracts (QFCs) and related capital markets assets in failing or failed financial institutions. The duty location is determined upon selection. Additional selections may be made from this vacancy announcement.

At the full performance level, major duties include: Serves as a technical expert and principal point of contact on QFCs and related capital markets assets, securities and securitization matters. Responsible for the analysis, management, marketing and disposition activities, valuation, sales or other liquidation activities related to QFCs and capital markets assets. Develops and implements QFC contract policies, procedures, and operational plans for the effective and efficient resolution of IDIs and nonbank financial companies. These contracts include, but are not limited to, derivatives, swaps, FX transactions, commodity transactions, repurchase agreements, stock loans and prime brokerage contracts. Participates in on-site activities at failing and failed banks, and may act as a team leader in the management and liquidation of QFC positions and related assets acquired through a failed ban. Identifies and analyzes information technology system flaws, bugs and potential improvements or enhancements; analyzes and develops scripts, queries, workarounds and other solutions. Provides interface between the program office and the Division of Information Technology (DIT) to design and implement solutions, improvements and enhancements to the QFC system. Interface with bank and financial institutions regarding the most appropriate methodology for reporting various QFC instruments by the bank or institution.

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 found here. For CG-13, applicants must have completed at least one year of specialized experience equivalent to at least the CG/GS-12 grade level or above in the Federal service. Specialized experience is defined as: Performing at least two (2) of the following functions: 1. assists with analyzing derivatives and Qualified Financial Contracts (QFCs); 2. performing or managing derivatives settlement and margining processes; 3. experience assisting with front to back operations processes (including key elements such as confirmations, settlements, regulatory reporting); 4. experience with key elements of other infrastructure groups (i.e. Finance, Market risk, Credit risk, Operational risk, Legal, Collateral etc.), and the impact of Trade support team actions on these areas. For CG-14, applicants must have completed at least one year of specialized experience equivalent to at least the CG/GS-13 grade level or above in the Federal service. Specialized experience is defined as: Performing at least three (3) of the following functions: 1. analyzing derivatives and Qualified Financial Contracts (QFCs); 2. leading derivatives settlement and margining processes; 3. leading front to back operations processes (including key elements such as confirmations, settlements, regulatory reporting); 4. experience with key elements of other infrastructure groups (i.e. Finance, Market risk, Credit risk, Operational risk, Legal, Collateral etc.), and the impact of Trade support team actions on these areas. Applicants eligible for ICTAP (Interagency Career Transition Assistance Program) must achieve a score of 80 or higher in the online assessment to be determined “well qualified” for this position. For more information, click here.

Registration with the Selective Service. U.S. Citizenship is required. Employment Conditions. Completion of Financial Disclosure may be required. Background Investigation (BI) required.