Financial Economist
Company Name:
Department Of The Treasury
U.S. citizens; no prior Federal experience is required. is in the bargaining unit. The salary range includes 18% geographic differential pay. This is a Full-Time Permanent appointment in the Competitive Service; this position The OCC is a bureau of the U.S. Department of the Treasury, which has a distinguished history dating back to the founding of our nation. As the steward of U.S. economic and financial systems, Treasury is a major and influential leader in today's global economy. We have over 100,000 employees across the country and around the world. _Come Join the Department of the Treasury and Invest in Tomorrow._
This position is in the Department of Economics, Risk Analysis, Enterprise Risk Analysis Division located in Washington, D.C. As a Financial Economist, you will advise senior management and staff on economic and financial market developments and emerging risks affecting banking and the financial services industry. You may lead other staff in the preparation of analysis that keeps OCC senior management apprised of significant national and regional banking trends, new developments and their implication for systemwide banking risk.
KEY INFORMATION:
If you are a status applicant and wish to be considered for this position under both merit promotion and competitive procedures, you must also submit an application under vacancy announcement MP-LS-14-068D . Status applicants are individuals who are current or former permanent Federal civilian employees who hold or held non-temporary appointments in the competitive service.
Click Print Preview to review the entire announcement before applying.
The following are the duties of this position at the NB-VI. If you are selected at a lower band level, you will have the opportunity to learn to perform all these duties, and will receive training to help you grow in this position. As a Financial Economist, you will:
Conduct on-site and off-site bank-specific analyses of risk measurement systems and quantitative valuation and decision models in the relevant business context.
Develop analytical models related to these topics as part of the development of bank-specific supervisory strategies.
Initiate research projects to facilitate the development and understanding of new techniques for risk measurement.
Provide analysis and advice on risk-measurement issues to OCC policy makers, by researching and drafting memoranda and position papers in areas of recognized expertise and/or responding to general or specific questions posed by the policy makers.
Develop and demonstrate expertise in the research into questions of importance to the Division by assisting with projects, analyses, and reports that deliver such expertise to support bank examinations and supervision.
Contribute to the division's participation in OCC group projects and task forces analyzing major issues affecting the banking industry, and the OCC, and recommending policy choices. We recommend that you preview the online questions for this announcement before you start the application process. Your application includes your: 1. Resume, 2. Responses to the online questions, and 3. Required documents.
We use a multi-step process to evaluate and refer applicants:
1. Minimum Requirements: Your application must show that you meet all requirements, including the education and/or experience required for this position. You may be found not qualified if you do not possess the minimum competencies required for the position. If your application is incomplete, we may rate you as ineligible.
2. Rating: Qualified applicants will be evaluated in the following areas:
Skill in developing, applying, and interpreting finance or economic models, either theoretical or empirical, in corporate finance, operational risk, economic capital, stress testing, interest rate risk, systemic risk, or counterparty credit risk.
Knowledge of computer programming languages used for financial, economic, or statistical modeling of financial markets or instruments demonstrated by use of computer programming languages in specific research projects.
Ability to communicate effectively, orally and in writing, to technical and non-technical audiences on finance or economic modeling or financial risk measurement and management.
We may lower your rating if your responses to the online questions are not supported by the education and/or experience described in your application.
Category Rating will be used to rank and select eligible candidates. If qualified, you will be assigned to one of three categories (Outstanding, Excellent, or Qualified) depending on your experience and education related to this position. Veterans' preference is applied after applicants are assessed. Preference-eligibles will be listed at the top of their assigned category and considered before non-preference-eligibles in that category.
3. Referral: If you are among the top qualified candidates, your application may be referred to a selecting official for consideration and possible interview. If you are a displaced or surplus Federal employee (eligible for the Career Transition Assistance Plan (CTAP)/Interagency Career Transition Assistance Plan (ICTAP), you must be rated as well qualified to receive special selection priority. Well-qualified means that you must be assigned to the Excellent category.
To preview questions please click here. In order for your application to be considered, you must meet the following requirements within 60 calendar days after the closing date of this announcement:
Selective Placement Factor: You must have: Demonstrated experience evaluating, developing and conducting advanced research in areas related to the valuation and risk assessment of financial instruments and financial institutions with specific expertise in operational risk, economic capital, stress testing.
AND
Education: A. Degree: economics, that included at least 21 semester hours in economics and 3 semester hours in statistics, accounting, or calculus.
OR
B. Combination of education and experience--courses equivalent to a major in economics as shown in A above, plus appropriate experience or additional education. The education generally must be from an accredited (or pre-accredited) college or university recognized by the U.S. Department of Education. If you are qualifying based on foreign education, you must submit proof of creditability of education as evaluated by a credentialing agency.
AND
Specialized
Experience: You must have one year of specialized experience at a level of difficulty and responsibility equivalent to the next lower level in the Federal Service. To qualify for the NB-V.2 level, you must have specialized experience equivalent to the next lower level, NB-IV. To qualify for the NB-VI level, you must have specialized experience equivalent to the next lower level, NB-V or V.2. The experience may have been gained in either the public or private sector. One year of experience refers to full-time work; part-time work is considered on a prorated basis. One year of experience refers to full-time work; part-time work is considered on a prorated basis. Specialized experience for this position includes: risk-measurement-model evaluation experience requiring conclusions on model appropriateness, accuracy, and cost;
experience directing the development of financial valuation or risk-measurement models; experience evaluating the economic/financial implications of specific financial products; experience with planning, information assembly, analysis and evaluation, conclusions and report preparations; experience as a consultant or advisor on business risk management.
You must apply for this position online. Click here for instructions on how to submit an application.
You must complete the online application process and submit any applicable required documents, by 11:59 p.m. Eastern Time (ET) on the closing date of this announcement. _ If applying online poses an extreme hardship, you must contact the human resources office no later than noon Eastern Time on the closing date. After this time, requests to apply will not be granted. _ Treasury provides reasonable accommodation to applicants with disabilities on a case-by-case basis. Please contact us if you require this for any part of the application and hiring process. Hearing impaired applicants may use TDD . Please note that all required documents must be received by the closing date and that we will determine your eligibility and qualifications based solely on the material received by the closing date.
- RESUME: You must create or upload a resume in USAJOBS.
- EDUCATION DOCUMENTATION Submit a copy of your transcripts or a list of courses showing title, number of credits, grade, and date of completion. To be used in meeting qualification requirements, a college or university degree generally must be from an accredited (or pre-accredited) college or university recognized by the U.S. Department of Education. For a list of schools which meet these criteria, please refer to Accreditation. An official transcript will be required if you are selected. If you are qualifying based on foreign education, you must submit proof of creditability of education as evaluated by a credentialing agency; more information may be found at Proof of Creditability.
- CTAP/ICTAP DOCUMENTATION: If you are a displaced or surplus federal employee eligible for consideration under the Career Transition Assistance Plan (CTAP) or Interagency Career Transition Assistance Plan (ICTAP), you must submit proof of eligibility. For a detailed list of documents , click here .
- VETERANS' DOCUMENTATION: If you are a veteran or claiming veterans' preference, you must submit a copy of your Certificate of Release or Discharge From Active Duty, DD-214 (Member 4 copy), or other official documentation from a branch of the Armed Forces or the Department of Veterans Affairs showing dates of service and type of discharge. Ten-point preference eligibles must also submit an Application for 10-point Veteran Preference, SF-15, along with the required documentation listed on the back of the SF-15 form. For more information on veterans' preference, click here.
- OPTIONAL DOCUMENTS: In addition to required documents, you may submit the following:
Cover letter You may check the status of your application for this position at any time by logging onto the USAJOBS My Account tab and clicking on Application Status. We also recommend you opt to receive status change emails through USAJOBS by logging into Notification Settings. You will receive final notification via email when this vacancy has been filled. Please notify us if your contact information changes after the closing date of the announcement. Also, note that if you provide an email address that is inaccurate or if your mailbox is full or blocked (e.g., spam-blocker), you may not receive important communication that could affect your consideration for this position.
Click here for important information regarding Ethics and Conflicts of Interest.
Relocation benefits may be paid in accordance with OCC's Relocation policy. Free real estate information on job locations is available by calling OCC's relocation management firm at .
We may select from this announcement or any other source to fill one or more vacancies.
CONDITIONS OF EMPLOYMENT: If selected for this position, you will be required to:
Complete a one-year probationary period (unless already completed).
Complete a Declaration for Federal Employment to determine your suitability for Federal employment.
If you are a male applicant born after December 31, 1959, certify that you have registered with the Selective Service System or are exempt from having to do so.
Have your salary sent to a financial institution of your choice by Direct Deposit/Electronic Funds Transfer.
Go through a Personal Identity Verification (PIV) process that requires two forms of identification from the Form I-9. The documentation that you present for purposes of completing the Department of Homeland Security (DHS) Form I-9 will be verified through the DHS E-Verify System. Federal law requires all employers to verify the identity and employment eligibility of all new hires, and as a condition of continued employment obligates the new hire to take affirmative steps to resolve any discrepancies identified by the system. The Office of the Comptroller of the Currency is an E-Verify participant.
Obtain and use a Government-issued charge card for business-related travel.
Successfully complete a background investigation.
File an OCC Financial Disclosure Form.
!benefits.hms?orgId=21&jnum;=111907Estimated Salary: $20 to $28 per hour based on qualifications.
Department Of The Treasury
U.S. citizens; no prior Federal experience is required. is in the bargaining unit. The salary range includes 18% geographic differential pay. This is a Full-Time Permanent appointment in the Competitive Service; this position The OCC is a bureau of the U.S. Department of the Treasury, which has a distinguished history dating back to the founding of our nation. As the steward of U.S. economic and financial systems, Treasury is a major and influential leader in today's global economy. We have over 100,000 employees across the country and around the world. _Come Join the Department of the Treasury and Invest in Tomorrow._
This position is in the Department of Economics, Risk Analysis, Enterprise Risk Analysis Division located in Washington, D.C. As a Financial Economist, you will advise senior management and staff on economic and financial market developments and emerging risks affecting banking and the financial services industry. You may lead other staff in the preparation of analysis that keeps OCC senior management apprised of significant national and regional banking trends, new developments and their implication for systemwide banking risk.
KEY INFORMATION:
If you are a status applicant and wish to be considered for this position under both merit promotion and competitive procedures, you must also submit an application under vacancy announcement MP-LS-14-068D . Status applicants are individuals who are current or former permanent Federal civilian employees who hold or held non-temporary appointments in the competitive service.
Click Print Preview to review the entire announcement before applying.
The following are the duties of this position at the NB-VI. If you are selected at a lower band level, you will have the opportunity to learn to perform all these duties, and will receive training to help you grow in this position. As a Financial Economist, you will:
Conduct on-site and off-site bank-specific analyses of risk measurement systems and quantitative valuation and decision models in the relevant business context.
Develop analytical models related to these topics as part of the development of bank-specific supervisory strategies.
Initiate research projects to facilitate the development and understanding of new techniques for risk measurement.
Provide analysis and advice on risk-measurement issues to OCC policy makers, by researching and drafting memoranda and position papers in areas of recognized expertise and/or responding to general or specific questions posed by the policy makers.
Develop and demonstrate expertise in the research into questions of importance to the Division by assisting with projects, analyses, and reports that deliver such expertise to support bank examinations and supervision.
Contribute to the division's participation in OCC group projects and task forces analyzing major issues affecting the banking industry, and the OCC, and recommending policy choices. We recommend that you preview the online questions for this announcement before you start the application process. Your application includes your: 1. Resume, 2. Responses to the online questions, and 3. Required documents.
We use a multi-step process to evaluate and refer applicants:
1. Minimum Requirements: Your application must show that you meet all requirements, including the education and/or experience required for this position. You may be found not qualified if you do not possess the minimum competencies required for the position. If your application is incomplete, we may rate you as ineligible.
2. Rating: Qualified applicants will be evaluated in the following areas:
Skill in developing, applying, and interpreting finance or economic models, either theoretical or empirical, in corporate finance, operational risk, economic capital, stress testing, interest rate risk, systemic risk, or counterparty credit risk.
Knowledge of computer programming languages used for financial, economic, or statistical modeling of financial markets or instruments demonstrated by use of computer programming languages in specific research projects.
Ability to communicate effectively, orally and in writing, to technical and non-technical audiences on finance or economic modeling or financial risk measurement and management.
We may lower your rating if your responses to the online questions are not supported by the education and/or experience described in your application.
Category Rating will be used to rank and select eligible candidates. If qualified, you will be assigned to one of three categories (Outstanding, Excellent, or Qualified) depending on your experience and education related to this position. Veterans' preference is applied after applicants are assessed. Preference-eligibles will be listed at the top of their assigned category and considered before non-preference-eligibles in that category.
3. Referral: If you are among the top qualified candidates, your application may be referred to a selecting official for consideration and possible interview. If you are a displaced or surplus Federal employee (eligible for the Career Transition Assistance Plan (CTAP)/Interagency Career Transition Assistance Plan (ICTAP), you must be rated as well qualified to receive special selection priority. Well-qualified means that you must be assigned to the Excellent category.
To preview questions please click here. In order for your application to be considered, you must meet the following requirements within 60 calendar days after the closing date of this announcement:
Selective Placement Factor: You must have: Demonstrated experience evaluating, developing and conducting advanced research in areas related to the valuation and risk assessment of financial instruments and financial institutions with specific expertise in operational risk, economic capital, stress testing.
AND
Education: A. Degree: economics, that included at least 21 semester hours in economics and 3 semester hours in statistics, accounting, or calculus.
OR
B. Combination of education and experience--courses equivalent to a major in economics as shown in A above, plus appropriate experience or additional education. The education generally must be from an accredited (or pre-accredited) college or university recognized by the U.S. Department of Education. If you are qualifying based on foreign education, you must submit proof of creditability of education as evaluated by a credentialing agency.
AND
Specialized
Experience: You must have one year of specialized experience at a level of difficulty and responsibility equivalent to the next lower level in the Federal Service. To qualify for the NB-V.2 level, you must have specialized experience equivalent to the next lower level, NB-IV. To qualify for the NB-VI level, you must have specialized experience equivalent to the next lower level, NB-V or V.2. The experience may have been gained in either the public or private sector. One year of experience refers to full-time work; part-time work is considered on a prorated basis. One year of experience refers to full-time work; part-time work is considered on a prorated basis. Specialized experience for this position includes: risk-measurement-model evaluation experience requiring conclusions on model appropriateness, accuracy, and cost;
experience directing the development of financial valuation or risk-measurement models; experience evaluating the economic/financial implications of specific financial products; experience with planning, information assembly, analysis and evaluation, conclusions and report preparations; experience as a consultant or advisor on business risk management.
You must apply for this position online. Click here for instructions on how to submit an application.
You must complete the online application process and submit any applicable required documents, by 11:59 p.m. Eastern Time (ET) on the closing date of this announcement. _ If applying online poses an extreme hardship, you must contact the human resources office no later than noon Eastern Time on the closing date. After this time, requests to apply will not be granted. _ Treasury provides reasonable accommodation to applicants with disabilities on a case-by-case basis. Please contact us if you require this for any part of the application and hiring process. Hearing impaired applicants may use TDD . Please note that all required documents must be received by the closing date and that we will determine your eligibility and qualifications based solely on the material received by the closing date.
- RESUME: You must create or upload a resume in USAJOBS.
- EDUCATION DOCUMENTATION Submit a copy of your transcripts or a list of courses showing title, number of credits, grade, and date of completion. To be used in meeting qualification requirements, a college or university degree generally must be from an accredited (or pre-accredited) college or university recognized by the U.S. Department of Education. For a list of schools which meet these criteria, please refer to Accreditation. An official transcript will be required if you are selected. If you are qualifying based on foreign education, you must submit proof of creditability of education as evaluated by a credentialing agency; more information may be found at Proof of Creditability.
- CTAP/ICTAP DOCUMENTATION: If you are a displaced or surplus federal employee eligible for consideration under the Career Transition Assistance Plan (CTAP) or Interagency Career Transition Assistance Plan (ICTAP), you must submit proof of eligibility. For a detailed list of documents , click here .
- VETERANS' DOCUMENTATION: If you are a veteran or claiming veterans' preference, you must submit a copy of your Certificate of Release or Discharge From Active Duty, DD-214 (Member 4 copy), or other official documentation from a branch of the Armed Forces or the Department of Veterans Affairs showing dates of service and type of discharge. Ten-point preference eligibles must also submit an Application for 10-point Veteran Preference, SF-15, along with the required documentation listed on the back of the SF-15 form. For more information on veterans' preference, click here.
- OPTIONAL DOCUMENTS: In addition to required documents, you may submit the following:
Cover letter You may check the status of your application for this position at any time by logging onto the USAJOBS My Account tab and clicking on Application Status. We also recommend you opt to receive status change emails through USAJOBS by logging into Notification Settings. You will receive final notification via email when this vacancy has been filled. Please notify us if your contact information changes after the closing date of the announcement. Also, note that if you provide an email address that is inaccurate or if your mailbox is full or blocked (e.g., spam-blocker), you may not receive important communication that could affect your consideration for this position.
Click here for important information regarding Ethics and Conflicts of Interest.
Relocation benefits may be paid in accordance with OCC's Relocation policy. Free real estate information on job locations is available by calling OCC's relocation management firm at .
We may select from this announcement or any other source to fill one or more vacancies.
CONDITIONS OF EMPLOYMENT: If selected for this position, you will be required to:
Complete a one-year probationary period (unless already completed).
Complete a Declaration for Federal Employment to determine your suitability for Federal employment.
If you are a male applicant born after December 31, 1959, certify that you have registered with the Selective Service System or are exempt from having to do so.
Have your salary sent to a financial institution of your choice by Direct Deposit/Electronic Funds Transfer.
Go through a Personal Identity Verification (PIV) process that requires two forms of identification from the Form I-9. The documentation that you present for purposes of completing the Department of Homeland Security (DHS) Form I-9 will be verified through the DHS E-Verify System. Federal law requires all employers to verify the identity and employment eligibility of all new hires, and as a condition of continued employment obligates the new hire to take affirmative steps to resolve any discrepancies identified by the system. The Office of the Comptroller of the Currency is an E-Verify participant.
Obtain and use a Government-issued charge card for business-related travel.
Successfully complete a background investigation.
File an OCC Financial Disclosure Form.
!benefits.hms?orgId=21&jnum;=111907Estimated Salary: $20 to $28 per hour based on qualifications.
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