Open Date: January 24, 2020
Closing Date: Open until filled
Salary Range: Excepted Service, Grade 10 ($121,794 to $182,690 -- likely offer for this position under $150,000)
The Department of Insurance, Securities and Banking (Department) is responsible for executing District of Columbia laws to regulate the insurance, securities and banking industries. The Department exercises statutory authority through licensing, financial audit of companies, rate regulation, servicing of consumer services requests, administration of premium and retaliatory tax laws, investigations, registration of securities offerings and exemption filings, registration of investment firms and advisors and regulating rule making and inspection. The Department proposes regulatory policy, new legislation and revisions to existing laws and regulations.
This position functions as Deputy Commissioner to the Commissioner, responsible for carrying out assignments of extreme sensitivity in all areas of the Department's operations and develops and implements policies used in the enforcement of insurance and securities laws of the District of Columbia and the licensing of insurance companies, agents, solicitors, brokers, securities dealers, investment advisors and agents.
The Deputy Commissioner for Market Operations (DCMO) works under the general supervision of the Commissioner of Insurance, Securities, and Banking. The incumbent is relied upon to function with independence in developing program initiatives, accomplishing broad assignments and sharing in the overall accomplishment of the mission of the Department. The DCMO consults with the Commissioner in the formation and implementation of major policy and programs. Work is evaluated in terms of the effectiveness with which the incumbent provides leadership and in the accomplishment of program goals and objectives.
MAJOR DUTIES AND RESPONSIBILITIES
There is a legal requirement that each new appointee to the Excepted and Executive Service either: (1) be domiciled in the District of Columbia at the time of appointment; or (2) establish District domicile within one hundred eighty (180) days of appointment. The law also requires that Excepted and Executive Service employees maintain District domicile during the period of the appointment. Failure to maintain District domicile during the period of the appointment will result in forfeiture of employment.