Closing Date: 3rd May, 2024
Description:
Summary:This position is located in the Assessments Unit of the Supervision, Legislation & Enforcement Branch in the Legal Division. The Assessments Unit provides counsel on policy-oriented legal work relating to the A Government Entity's supervisory and regulatory functions.
Additional selections may be made from this vacancy announcement to fill identical vacancies that occur subsequent to this announcement.
Duties:
- Performs highly specialized policy-oriented legal work relating to the A Government Entity's supervisory and regulatory functions, with particular emphasis on the development of regulations, legislation, and A Government Entity legal/supervisory policy guidance, and the interpretation and application of the statutes and regulations governing federal deposit insurance, the risk-based assessment system that funds and supports the continued strength of the Deposit Insurance Fund and the reserve ratio, golden parachutes, brokered deposits, swap margin, derivatives, financial technology, consumer financial protection, privacy, supervision, and the activities and operations of financial institutions.
- Advises the senior management and staff of the Division of Finance (DOF), and other A Government Entity divisions and offices, on novel legal issues relating to the A Government Entity's deposit insurance assessment process which support the Deposit Insurance Fund, and other finance and funding matters.
- Analyzes legal arguments raised in deposit insurance, risk-based assessment, and other litigation brought against the A Government Entity; confers with trial attorneys and makes recommendations concerning settlement of assessment and deposit insurance cases.
- Prepares legal advisory opinions in response to questions and issues raised by insured financial institutions, bankers, financial institution counsel, members of Congress, financial institution depositors and customers, and members of the general public relating to the interpretation of various statutes and regulations governing high profile areas such as federal deposit insurance, the risk-based assessment system which funds the Deposit Insurance Fund and are imposed on all insured depository institutions, golden parachutes, brokered deposits, consumer financial protection, privacy, and the activities and operations of financial institutions.
Requirements:
Conditions of Employment:
Registration with the Selective Service. (http://www.sss.gov/)
U.S. Citizenship is required.
Employment Conditions. (https://www.fdic.gov/about/careers/personnel-security-process/)
Completion of Financial Disclosure may be required.
Minimum Background Investigation (MBI) required.
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 found here.
To qualify, applicants must have completed at least one year of specialized experience equivalent to at least the 13 grade level or above in the Federal service.
Specialized experience is defined as (1) drafting memoranda and legal documents, (2) conducting legal research and analysis, and (3) providing briefings to senior managers or executives, relating to the interpretation of the statutes and regulations or legislation that apply to financial institutions.
This position has a positive education requirement, transcripts must be provided showing degree conferred. Official transcripts must be provided prior to appointment.
- Education: All attorney and law clerk trainee positions have a minimum requirement of completing a Juris Doctorate (J.D.) or Bachelor of Laws (LL.B.) or Master of Laws (LL.M.) from an accredited school (accredited by the American Bar Association (ABA).
- Bar Membership: All attorney positions require current active bar membership (hold active license to practice law). Admission to the bar of any State, territory, Commonwealth of Puerto Rico, District of Columbia, or Federal Court is acceptable. Employees must maintain active bar membership while employed as an attorney with the A Government Entity. Active Bar membership must be verified prior to appointment.
Education:
See requirements stated under QUALIFICATIONS.
