FSVC offers a unique opportunity for employees from government regulatory agencies and commercial financial institutions regarding the possibility of “secondment” to FSVC for a determined time period, ranging from one month to one year. Such individuals would likely be senior-level experts in his or her organization and would serve as a senior advisor in one of FSVC’s overseas office or in our New York headquarters.
FSVC secondees work with senior management to shape the direction of regulatory or commercial financial sector programs globally, serve as a liaison to international counterparts, and work with program staff to structure and implement specific technical assistance projects. Senior advisors typically participate in one to two missions per quarter. This work leverages the expertise of interested organizations with the capabilities of FSVC to support the institutional development of regulatory agencies and financial sectors in developing and transitioning countries globally.
FSVC currently has a secondment agreement in place with the Federal Deposit Insurance Corporation (FDIC). Another recent secondment agreement was with Wells Fargo.
Federal Deposit Insurance Corporation
FSVC’s secondment program with the FDIC began in 2007. Since that time, eight FDIC secondees have conducted approximately 50 technical assistance projects in a dozen countries, donating over 6,000 pro bono hours of service.
In 2010, FSVC implemented a secondment program with secondee David Snyder, Vice President and Risk Management Manager at Wells Fargo. During his secondment to FSVC’s Moscow office from July to October, Mr. Snyder worked on three important FSVC technical assistance projects related to small business lending operations and risk management. His availability for prolonged in-country consultations and research ensured accurate needs assessments for each FSVC counterpart prior to projects, thereby optimizing the impact of the technical assistance.