((a)) ** Managing Directors**
((1)) ** In general** There shall be in the Corporation 2 Managing Directors, who shall be appointed by the President, and who shall report to the Chief Executive Officer.
((2)) ** Compensation** The Managing Directors shall be compensated at the rate provided for level IV of the Executive Schedule under .section 5315 of title 5
((3)) ** Duties** The Corporation shall determine the programs for which the Managing Directors shall have primary responsibility and shall establish the divisions of the Corporation to be headed by the Managing Directors.
((b)) ** Inspector General**
((1)) ** Office** There shall be in the Corporation an Office of the Inspector General.
((2)) ** Appointment** The Office shall be headed by an Inspector General, appointed in accordance with chapter 4 of title 5.
((c)) ** Chief Financial Officer**
((1)) ** In general** There shall be in the Corporation a Chief Financial Officer, who shall be appointed by the Chief Executive Officer pursuant to subsections (a) and (b) of .section 12651f of this title
((2)) ** Duties** The Chief Financial Officer shall—
((A)) report directly to the Chief Executive Officer regarding financial management matters;
((B)) oversee all financial management activities relating to the programs and operations of the Corporation;
((C)) develop and maintain an integrated accounting and financial management system for the Corporation, including financial reporting and internal controls;
((D)) develop and maintain any joint financial management systems with the Department of Education necessary to carry out the programs of the Corporation; and
((E)) direct, manage, and provide policy guidance and oversight of the financial management personnel, activities, and operations of the Corporation.
((d)) ** Assistant Directors for VISTA and National Senior Service Corps**
((1)) ** Appointment** One of the Managing Directors appointed under subsection (a) shall, in accordance with applicable provisions of title 5, appoint 4 Assistant Directors who shall report directly to such Managing Director, of which—
((A)) 1 Assistant Director shall be responsible for programs carried out under parts A [ et seq.] and B of title I of the Domestic Volunteer Service Act of 1973 (the Volunteers in Service to America (VISTA) program) and other antipoverty programs under title I of that Act [ et seq.];
((B)) 1 Assistant Director shall be responsible for programs carried out under part A of title II of that Act [ et seq.] (relating to the Retired Senior Volunteer Program);
((C)) 1 Assistant Director shall be responsible for programs carried out under part B of title II of that Act [ et seq.] (relating to the Foster Grandparent Program); and
((D)) 1 Assistant Director shall be responsible for programs carried out under part C of title II of that Act [] (relating to the Senior Companion Program).
((2)) ** Effective date for exercise of authority** Each Assistant Director appointed pursuant to paragraph (1) may exercise the authority assigned to each such Director only after the effective date of section 203(c)(2) of the National and Community Service Trust Act of 1993.