Student Trainee (Economist, Summer Pathways Intern)

Employer
USAJobs
Location
Washington, D.C
Posted
Feb 02, 2023
Closes
Feb 10, 2023
Function
Entry Level and Intern
Industry
Government and Public Services, Federal
Career Level
Experienced (Non-Manager)
Hours
Full Time
Duties

The CFTC is currently hiring students studying economics under the Pathways Program. The CFTC offers substantive work that gives interns an opportunity to demonstrate their skills through work experience. Students will be assigned to work with CFTC staff members on projects and assignments that cover a broad range of the Commissions' work.

Students may be assigned to one of the following Divisions:

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Chairman/Commissioner's Office

Five Commissioners administer the CFTC, all Commissioners are appointed by the President, with the advice and consent of the Senate. The President designates one of the Commissioners to serve as Chairman. The Chairman and Commissioners sponsor advisory committees as well as provide market oversight.

Division of Clearing and Risk (DCR)

DCR oversees derivatives clearing organization (DCOs) and other market participants in the clearing process. DCR monitors the clearing of futures, options on futures, and swaps by DCOs, assesses DCO compliance with Commission regulations, and conducts risk assessment and surveillance.

Duties of an economics intern under one of the following branches for DCR includes:

Risk Surveillance Branch
  • Students majoring in economics/finance will assist RSB staff with research on the market structure of the cleared derivatives and related markets. This will include risk management practices and procedures of clearing houses, their members and clients, as well as usage of these products by market participants.
  • Students majoring in statistics/math will assist RSB staff in the quantitative risk analysis of exposures in cleared and uncleared derivatives markets using data reported to us by clearing houses and their members, data from trade repositories, as well as publicly available data

Examinations Branch
  • Students majoring in finance or economics will work with DCR management staff to design tools that are used within the examination process. The intern will produce written documentation describing how to use the tools and will also participate in training sessions demonstrating how to use the tools.
  • Students majoring in finance or economics will work with DCR staff to produce a document that outlines the functional requirements for a risk assessment tool that will be used during the examination process.

Division of Market Oversight (DMO)

DMO fosters open, transparent, fair, competitive, and secure markets through oversight of derivatives platforms, specifically, designated contract markets (DCMs) and swap execution facilities (SEFs).

Duties of an economics intern may include:
  • Review and analyze exchange-traded derivatives product filings, including amendments to the terms and conditions of existing contracts, for compliance with the Commodity Exchange Act and Commission regulations.
  • Focus on metals, energy, agricultural, and financial products, including to help ensure that products are not susceptible to manipulation.
  • Assist in performing economic analysis of product terms and underlying cash markets, including estimates of deliverable supply.
  • Help evaluate novel and complex product filings, including event contracts, digital assets, and other products.
  • Provide technical assistance to other DMO branches and other Commission staff in order to advance the CFTC's mission.

Market Participants Division (MPD):

MPD oversees swap dealers and derivatives market intermediaries, including commodity pool operators, commodity trading advisors, futures commission merchants, introducing brokers, major swap participants, and retail foreign exchange dealers, as well as designated self-regulatory organizations.

Duties of an economics intern may include:
  • Assisting with the review of financial models.
  • Assisting with cleaning and organizing data and designing queries for analysis.
  • Assisting in the preparation of presentations and report.
  • Assisting in the management of data directories.

NOTE: If selected at the CT-07 level the full promotion potential is the CT-07. If selected at the CT-09 level the full promotion potential is the CT-09. Temporary positions do not have promotion potential.

Requirements

Conditions of Employment

  • You must be a U.S. citizen.
  • Must be enrolled or accepted for enrollment as an advanced degree student.
  • You must be registered for Selective Service if applicable (www.sss.gov).
  • You must be suitable for federal employment.
  • Must major in economics, finance, applied statistics, or mathematics.

  • You must be a U. S. citizen or national
  • Enrolled/accepted in an accredited educational institution
  • Must provide Undergraduate and Graduate Transcripts. Please provide both.
  • Pursuing a degree listed in the vacancy announcement
  • Maintain enrollment at least half time as defined by the institution
  • If selected, official transcripts must be submitted prior to establishing a start date
  • Veteran's preference applies in the hiring process. In order to receive preference in hiring, you must clearly identify your claim for veteran's preference when you apply
  • Must maintain eligibility and enrollment for the duration of the internship


Qualifications

Pathways Internship Program Qualifications: Students must meet the qualifications requirements by May 31, 2023. The Summer Program will begin Jun 5,2023 thru September 30, 2023. Appointments are NOT TO EXCEED 90 days.

Basic Qualifications:

A Degree in 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.

MINIMUM QUALIFICATION REQUIREMENTS

To qualify for this position at the grade 07 level, you must meet the definition of a student and possess at least one of the following:

1. Completion of 1 full academic year of graduate level education; or Eligibility under the Superior Academic Achievement Provision and completion of a bachelor's degree by May 31, 2023.

To qualify for this position at the grade 09 level, you must meet the definition of a student and possess at least one of the following:

1. Completion of 2 academic years of graduate level education, or a master's degree or equivalent graduate degree by May 31, 2023.

Must submit a copy of final transcripts prior to establishing an official start date. See the Required Documents section for more information.

*If selected at the CT-07 level the full promotion potential is the CT-07. If selected at the CT-09 level the full promotion potential is the CT-09. Temporary positions do not have promotion potential since positions are temporary NTE 9/30/2023.

Education

Please read and follow the Qualifications/Requirements Section of this Vacancy Announcement.

All applications must be received via www.usajobs.gov

U.S. EDUCATION: Institutions located within the United States that have attained accreditation are listed on the U.S. Department of Education's website. To verify your institution's accreditation, please access this website: http://ope.ed.gov/accreditation/search.aspx

A complete listing of all institutions, including those located outside of U.S. territories, may be found in Accredited Institutions of Post-Secondary Education, a handbook published annually by the American Council on Education (ACE).

SPECIAL INSTRUCTIONS FOR FOREIGN EDUCATION: If you are using education completed in foreign colleges or universities to meet the qualification requirements, you must show that the education credentials have been evaluated by a private organization that specializes in interpretation of foreign education programs and such education has been deemed equivalent to that gained in an accredited U.S. education program; or full credit has been given for the courses at a U.S. accredited college or university. For further information, visit: http://www.ed.gov/about/offices/list/ous/international/usnei/us/edlite-visitus-forrecog.html .

Additional information

Supplementary vacancies may be filled in addition to the number stated in this announcement.

Salaries will be adjusted to 2023 salary rates.

By submitting your application you are certifying the accuracy of the information contained in your application. If you make a false statement in any part of your application, you may not be hired, you may be terminated after you begin work, or you may be fined or jailed. After making a tentative job offer we will conduct a suitability/security background investigation. You will be required to submit official documentation before appointment. The agency will then verify the information provided on your application (e.g., degree, veterans' documentation, certification of disability, etc.).

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20Service%20if%20applicable%20(www.sss.gov).%20You%20must%20be%20suitable%20for%20federal%20employment.%20Must%20major%20in%20economics,%20finance,%20applied%20statistics,%20or%20mathematics.%20%20%20%20You%20must%20be%20a%20U.%20S.%20citizen%20or%20national%20Enrolled/accepted%20in%20an%20accredited%20educational%20institution%20Must%20provide%20Undergraduate%20and%20Graduate%20Transcripts.%20Please%20provide%20both.%20Pursuing%20a%20degree%20listed%20in%20the%20vacancy%20announcement%20Maintain%20enrollment%20at%20least%20half%20time%20as%20defined%20by%20the%20institution%20If%20selected,%20official%20transcripts%20must%20be%20submitted%20prior%20to%20establishing%20a%20start%20date%20Veteran's%20preference%20applies%20in%20the%20hiring%20process.%20In%20order%20to%20receive%20preference%20in%20hiring,%20you%20must%20clearly%20identify%20your%20claim%20for%20veteran's%20preference%20when%20you%20apply%20Must%20maintain%20eligibility%20and%20enrollment%20for%20the%20duration%20of%20the%20internship%20%20QualificationsPathways%20Internship%20Program%20Qualifications:%20Students%20must%20meet%20the%20qualifications%20requirements%20by%20May%2031,%202023.%20The%20Summer%20Program%20will%20begin%20Jun%205,2023%20thru%20September%2030,%202023.%20Appointments%20are%20NOT%20TO%20EXCEED%2090%20days.Basic%20Qualifications:%20A%20Degree%20in%20economics,%20that%20included%20at%20least%2021%20semester%20hours%20in%20economics%20and%203%20semester%20hours%20in%20statistics,%20accounting,%20or%20calculus.ORB.%20Combination%20of%20education%20and%20experience:%20courses%20equivalent%20to%20a%20major%20in%20economics,%20as%20shown%20in%20A%20above,%20plus%20appropriate%20experience%20or%20additional%20education.MINIMUM%20QUALIFICATION%20REQUIREMENTSTo%20qualify%20for%20this%20position%20at%20the%20grade%2007%20level,%20you%20must%20meet%20the%20definition%20of%20a%20student%20and%20possess%20at%20least%20one%20of%20the%20following:%201.%20Completion%20of%201%20full%20academic%20year%20of%20graduate%20level%20education;%20or%20Eligibility%20under%20the%20Superior%20Academic%20Achievement%20Provision%20and%20completion%20of%20a%20bachelor's%20degree%20by%20May%2031,%202023.To%20qualify%20for%20this%20position%20at%20the%20grade%2009%20level,%20you%20must%20meet%20the%20definition%20of%20a%20student%20and%20possess%20at%20least%20one%20of%20the%20following:1.%20Completion%20of%202%20academic%20years%20of%20graduate%20level%20education,%20or%20a%20master's%20degree%20or%20equivalent%20graduate%20degree%20by%20May%2031,%202023.Must%20submit%20a%20copy%20of%20final%20transcripts%20prior%20to%20establishing%20an%20official%20start%20date.%20%20See%20the%20Required%20Documents%20section%20for%20more%20information.*If%20selected%20at%20the%20CT-07%20level%20the%20full%20promotion%20potential%20is%20the%20CT-07.%20If%20selected%20at%20the%20CT-09%20level%20the%20full%20promotion%20potential%20is%20the%20CT-09.%20Temporary%20positions%20do%20not%20have%20promotion%20potential%20since%20positions%20are%20temporary%20NTE%209/30/2023.Education%20Please%20read%20and%20follow%20the%20Qualifications/Requirements%20Section%20of%20this%20Vacancy%20Announcement.%20All%20applications%20must%20be%20received%20via%20www.usajobs.govU.S.%20EDUCATION:%20Institutions%20located%20within%20the%20United%20States%20that%20have%20attained%20accreditation%20are%20listed%20on%20the%20U.S.%20Department%20of%20Education's%20website.%20To%20verify%20your%20institution's%20accreditation,%20please%20access%20this%20website:%20http://ope.ed.gov/accreditation/search.aspxA%20complete%20listing%20of%20all%20institutions,%20including%20those%20located%20outside%20of%20U.S.%20territories,%20may%20be%20found%20in%20Accredited%20Institutions%20of%20Post-Secondary%20Education,%20a%20handbook%20published%20annually%20by%20the%20American%20Council%20on%20Education%20(ACE).SPECIAL%20INSTRUCTIONS%20FOR%20FOREIGN%20EDUCATION:%20If%20you%20are%20using%20education%20completed%20in%20foreign%20colleges%20or%20universities%20to%20meet%20the%20qualification%20requirements,%20you%20must%20show%20that%20the%20education%20credentials%20have%20been%20evaluated%20by%20a%20private%20organization%20that%20specializes%20in%20interpretation%20of%20foreign%20education%20programs%20and%20such%20education%20has%20been%20deemed%20equivalent%20to%20that%20gained%20in%20an%20accredited%20U.S.%20education%20program;%20or%20full%20credit%20has%20been%20given%20for%20the%20courses%20at%20a%20U.S.%20accredited%20college%20or%20university.%20For%20further%20information,%20visit:%20http://www.ed.gov/about/offices/list/ous/international/usnei/us/edlite-visitus-forrecog.html%20.Additional%20informationSupplementary%20vacancies%20may%20be%20filled%20in%20addition%20to%20the%20number%20stated%20in%20this%20announcement.Salaries%20will%20be%20adjusted%20to%202023%20salary%20rates.By%20submitting%20your%20application%20you%20are%20certifying%20the%20accuracy%20of%20the%20information%20contained%20in%20your%20application.%20If%20you%20make%20a%20false%20statement%20in%20any%20part%20of%20your%20application,%20you%20may%20not%20be%20hired,%20you%20may%20be%20terminated%20after%20you%20begin%20work,%20or%20you%20may%20be%20fined%20or%20jailed.%20After%20making%20a%20tentative%20job%20offer%20we%20will%20conduct%20a%20suitability/security%20background%20investigation.%20You%20will%20be%20required%20to%20submit%20official%20documentation%20before%20appointment.%20The%20agency%20will%20then%20verify%20the%20information%20provided%20on%20your%20application%20(e.g.,%20degree,%20veterans'%20documentation,%20certification%20of%20disability,%20etc.).%20%20%0D%0ALocation%3A%20Washington,%20D.C%0D%0A%0D%0ATo%20view%20this%20job%2C%20please%20click%20on%20the%20link%20below%3A%0D%0Ahttps://jobs.washingtonpost.com/job/250538943/student-trainee-economist-summer-pathways-intern-//job/250538943/student-trainee-economist-summer-pathways-intern-/%3FTrackID%3D315766%0D%0A%0D%0AMany%20thanks%2C%0D%0A%0D%0AThe%20Washington 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