Job Location : Dallas,TX, USA
The FDIC's Division of Resolutions and Receiverships (DRR) promotes confidence in the financial system by paying insured depositors quickly when a financial institution fails and effectively managing failed financial institution receiverships. Institutions generally are closed by their chartering authority - the state regulator or the Office of the Comptroller of the Currency – and resolved by DRR. The FDIC has several options for resolving institution failures but the most common is to sell the deposits and loans of the failed institution to another institution. Customers of the failed institution automatically become customers of the assuming institution, and the transition is seamless from the customer's point of view.
Why Join the FDIC?The FDIC supervises a majority of the country's community banks. These institutions are vital to America's local economies and communities by providing critical financial services to farmers, small businesses, entrepreneurs, and local governments.
As a team member of DRR, you will play an important role supporting the FDIC's mission of maintaining stability and public confidence in the nation's financial system by effectively managing failed bank receiverships and resolving any failing financial institution under any circumstance and paying insured deposits in a timely manner.
The FDIC offers employees highly competitive compensation, a generous benefits program, extensive career development opportunities, and a productive work environment. DRR has established a training program to include required micro and macro simulations to prepare each functional area for closing activities.
What will you do?As a member of the DRR team, some of the positions and duties you will perform include:
Responsible for the investigations of actions related to losses resulting in failure of a financial institution.
Claims Administration AnalystServes as a subject matter and technical expert in the area of deposit insurance and non-depositor related claims.
Strategic Operations SpecialistProvides support in the areas of resolution strategy development and implementation.
IT Specialist (Policy/Planning)Serves as a project manager, business analyst, and/or IT consultant on initiatives, programs and projects in the Business-Driven Development section.
IT Specialist (Security)Provides support to identify and implement information security technologies that are appropriate for the business requirements of the Division's automated business systems.
Asset Management SpecialistProvides support in the areas of managing assets and monitoring agreements and entities retained from failed financial institutions or created subsequent to failure.
Capital Markets SpecialistProvides support in the areas of identifying, managing, pricing and analyzing complex capital market instruments prior to bank failure.
Regional AnalystProvides support for monitoring financial information of large and complex institutions.
Resolutions and Receiverships SpecialistProvides support in the areas of financial institution closings.
Student Trainee (Resolutions)Provides, under supervision, support in the areas of financial institution closings.
AccountantProvides support of accounting work related to resolutions and receiverships.
Student Trainee (Accountant)Provides, under supervision, support of accounting work related to resolutions and receiverships.
EligibilityPathway Intern position eligibility: Students who have completed the sophomore year of school (60 semester hours) and who have been accepted for enrollment or are enrolled and seeking a degree (diploma, certificate, etc.) in a qualifying educational institution on a full or half-time basis; have at least a cumulative (overall) 2.5 grade point average; and remain in good academic standing.
Recent Graduate position eligibility: Applicants who have graduated within the last 2 years, or will graduate by the closing date of position, and have completed a qualifying degree or certificate from a qualifying educational institution. Veterans unable to apply within 2 years of receiving their degree, due to military service obligation, may have their eligibility period extended.
The FDIC is an equal opportunity employer. We recruit, hire, and develop a high-performing workforce that reflects the communities we serve. Applicants are considered without regard to their race, religion, color, sex (including pregnancy, gender identity, and sexual orientation), national origin, disability, age, genetic information, retaliation, parental status, or other non-merit factors.
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