The Office of Financial Stability (OFS) was established at the Department of the Treasury under the Emergency Economic Stabilization Act of 2008. Although the authority of OFS to make new commitments of TARP funds has expired, OFS continues to be responsible for disbursing funds under commitments already made, which include programs to help homeowners prevent avoidable foreclosures. OFS also is responsible for managing and disposing of previous investments, which currently consist of approximately $10 billion in outstanding investment in various banks, the auto industry, and other financial institutions. OFS is part of the Office of Domestic Finance, which is part of the Departmental Offices.
This is a term position. Term employees are eligible for health and life insurance benefits, annual and sick leave, and the full array of retirement benefits. A term appointment does not confer eligibility for transfer to another agency. A term employee does not acquire competitive status or eligibility to be converted to a career conditional appointment, nor is the time served under a term appointment creditable toward career tenure. A term appointment carries no implied or specific commitment of consideration for, or placement into, a permanent appointment. Term appointments are used to fill positions which are expected to last longer than one year but which are clearly not of a continuing nature and will terminate upon completion of work.
- Not Required
- Please refer to "Conditions of Employment."
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