Financial Economist (Research), CG-0110-12/13/14
These positions are located in the followng branches of the Division of insurance and Research; the Center for Financial Research, Risk Analysis Branch and the Regulatory Analysis Branch, Headquarters, Washington, DC of the Federal Deposit Insurance Corporation and conducts economic research in support of the Corporation's efforts to identify, monitor and address critical existing and emerging aggregate risks to the FDIC's deposit insurance funds.
Additional selections may be made from this vacancy announcement to fill identical vacancies that occur subsequent to this announcement.
Occasional travel - Occasional overnight travel may be required.
Relocation expenses reimbursed Yes Relocation benefits will be provided.
Moderate Risk Position - Minimum Background Investigation (MBI) required.Qualifying experience may be obtained in the Private or public sector. Experience refers to paid and unpaid experience, including volunteer work done through National Service programs (e.g. Peace Corps, AmeriCorps) and other organizations (e.g., professional; philanthropic, religious/spiritual; community; student, social). Volunteer work helps build critical competencies, knowledge, and skills and can provide valuable training and experience that translates directly to paid employment. You will receive credit for all qualifying experience, including volunteer experience. Additional qualifications information can be found here click here.
1. Individual Occupational Requirements:
A. Degree: economics, that included at least 21 semester hours in economics and 3 semester hours in statistics, accounting, or calculus.
B. Combination of education and experience: courses equivalent to a major in economics, as shown in A above, plus appropriate experience or additional education.
Evaluation of Experience
Examples of qualifying experience include:
Examples of qualifying experience include: (a) individual research assignments requiring planning, information assembly, analysis and evaluation, conclusions and report preparation; (b) supervisory or project coordination assignments involving a staff of professional economists, and requiring the evaluation and interpretation of economic information; or (c) teaching assignments in a college or university that included both class instruction in economics subjects and one of the following (1) independent and self-directed research, (2) direction of graduate theses in economics, or (3) service as a consultant or advisor on technical economics problems.
YOU MUST PROVIDE YOUR TRANSCRIPT(S) (unofficial copy if acceptable)
2. ADDITIONAL QUALIFICATION REQUIREMENT: In addition to meeting the Basic Individual Occupational Requirement, applicants must meet the defined qualification requirements listed below:
CG-12: Applicant must have one year of specialized experience equivalent to at least the grade 11 level in the Federal Service. Specialized experience is experience as an economist, working in the banking industry, a regulatory agency, or an insured financial institution, using economic principles and theories to perform economic research and analyses of the financial services industry, financial markets, global economic developments, or economic policy; designing and using financial econometric models; and analyzing written reports and quantitative data.
OR you may substitute education as follows:
- You must have earned a Ph.D. orequivalent doctoral degree in Economics or related field of study by the summer of 2017.
- Have a combination of education and experience that meets the requirements for the CG-12.
CG-14: Applicant must have one year of specialized experience equivalent to at least the grade 13 level in the Federal Service. Specialized experience is experience as an economist, using economic principles and theories in the conceptualization of large or complex economic problems and the development of new techniques; performing economic research and analyses of the financial services industry, financial markets, global economic developments, or economic policy; designing and using financial and econometric models; analyzing written reports and quantitative data; and making recommendations.
There is no substitution of education for the experience at the CG-13 and CG-14 grade level.
3. MANDATORY SELECTIVE PLACEMENT FACTOR: In addition, this position has a Selective Placement Factor. You must meet and specifically address this SELECTIVE FACTOR to be considered for this position.
Candidates must have used modern econometric techniques (including at least one of: panel methods, time series, limited dependent variables/hazard models, instrumental variables/identification methods, or Bayesian methods) as part of a research study and actively involved in its implementation. Furthermore, the research study in question must have empirically tested and/or developed an economic or financial model.
Applicants eligible for ICTAP (Interagency Career Transition Assistance Program) must achieve a score of 80 "well qualified" for this position. For more information, click here.
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If selected, you may be required to serve a probationary period.
You will be evaluated for this job based on how well you meet the qualifications above.
Your resume and the online assessment questionnaire will be reviewed to determine whether you meet the qualification requirements outlined in this announcement. Therefore, it is imperative that your resume contain sufficiently detailed information upon which to make the qualification determination. Please ensure that your resume contains specific information such as position titles, beginning and ending dates of employment for each position, average number of hours worked per week, and if the position is/was in the Federal government, you must provide the position series and grade level.
Your resume will also be evaluated to measure your responses to the assessment questions. If you rated yourself higher on the questionnaire than what is supported by your resume, your overall qualifications assessment may be adversely affected.
If you are found qualified, you will be placed in one of three categories: Best Qualified, Highly Qualified, or Qualified. These category assignments are a measure of the degree in which your background and responses to the assessment questions match the competencies/knowledge, skills, and abilities (KSAs) listed below. Within these categories, candidates eligible for veterans' preference will receive selection priority over non-veterans.
- Ability to lead and conduct research and identify techniques to solve problems.
- Skill applying the principles, theories, research methods, and techniques of economics and finance (particularly as they apply to the financial system and the operation of, depository institutions).
- Ability to apply financial, statistical, and mathematical methodologies (such as econometric/time series/statistical and simulation techniques) to illustrate and support conclusions about economic and/or financial trends.
- Ability to use software such as spreadsheets, programming, database management, report writing, OX graphical presentation applications (such as SAS, Microsoft Office, and Visual Basic) to compile and provide information for analytical decisions. Plans and carries out economic analyses using multiple software packages to address economic issues related to banking, develop conclusions and present the results of the analysis.
- Ability to develop and present oral and written reports and presentations of findings and recommendations to problems.
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