Student Trainee (Law Clerk) CG-0999-7

The practice of law at the FDIC reflects the broad nature of the FDIC's work as well as its unique statutory powers. For example, because the FDIC has independent litigating authority, our attorneys practice before virtually all courts. FDIC attorneys also provide advice on bank supervision and consumer protection, and bring administrative enforcement actions

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

Qualifications:

To be eligible for this program, applicants must: (1) be enrolled or accepted for enrollment in a Juris Doctorate or LL.M at a qualifying educational institution on a full or half-time basis; (2) have a minimum cumulative (overall) GPA of 2.5 out of 4.0; and (3) be in good academic standing.

Eligible applicants may qualify for grades based on education, experience, or a combination of education and experience.  Education and experience requirements must be met by the closing date of the announcement.

CG-07: Completion of 1 full academic year of graduate level education, or eligibility under the Superior Academic Achievement with completion of a bachelor's degree. 

Applicants must submit copies of ALL unofficial transcripts (undergraduate and graduate).

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.

Qualifying Experience

CG-07:  1 year of Law Clerk related experience in a law environment equivalent to a GS-06.

Specialized Experience for the CG-07:  Specialized experience performing legal research and analyzing facts, evidence, and precedents.

Responsibilities:

Interns assigned to the Legal Division will assist attorneys in the following duties:

• Performing supervised legal research and writing;
• Preparing legal memoranda covering a wide range of topics relating to, among other things, litigation, bank supervision, and enforcement;
• Performing other duties as assigned.

Areas of operation include bank regulatory and consumer compliance matters, litigation and bank receivership matters, management of complex financial institutions, and corporate practice, each of which is detailed below:

Bank Regulatory and Consumer Compliance Matters:

• Developing, drafting and providing legal opinions on legislation, regulations and policy statements relating to insured depository institutions.
• Providing advice on deposit insurance coverage, assessments of insured depository institutions, Federal securities laws, and consumer laws.
• Working closely with bank and review examiners to ensure bank compliance with banking and consumer protection laws and regulations and the continued safety and soundness of insured depository institutions.
• Preparing and litigating enforcement cases before administrative law judges and in federal courts.

Litigation:

• Litigating professional liability actions; including claims against directors and officers, attorneys and accountants when arising out of failed banks.
• Handling complex commercial litigation matters.
• Defending the FDIC against challenges to its statutory authority and appeals from its administrative determinations.
• Managing some of the largest civil commercial litigation cases brought by the federal government.
• Providing legal advice relating to the investigation and pursuit of criminal matters involving financial institutions.

Complex Financial Institutions and Receivership Matters:

• Providing legal advice on the FDIC’s responsibilities under the Dodd Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) involving complex financial institutions.
• Supporting the FDIC’s execution of policies and program initiatives concerning the development of resolution strategies and resolution planning for complex financial institutions.
• Reviewing and assessing resolution plans developed by complex financial institutions under the Dodd-Frank Act.
• Participating in the FDIC’s international outreach and coordination efforts with regard to the resolution of complex financial institutions.
• Developing resolution, receivership and marketing strategies for failed banks involving hundreds of millions of dollars in deposits and loans.

Corporate Practice

• Providing legal opinions on a wide range of topics including statutory powers of the FDIC, the role of the FDIC as a federal agency, and corporate governance.
• Handling labor and employment issues including administrative hearings on employee-related matters and negotiations with the bargaining unit representative.
• Handling FDIC contracting, including contracting for the services of outside counsel.
• Managing Legal Division information technology.
• Corporate secretary duties for the Board of Directors.
• Managing the FDIC ethics and alternative dispute resolution programs.
• Supporting FDIC corporate governance structure and maintaining official corporate records.

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