Financial Economist, NB-0110-5.2
The U.S. Department of the Treasury 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 and we celebrate each individual’s identities and experiences. Our core value of inclusive diversity encourages our employees to be themselves and innovate from their unique perspectives. Come Join the Department of the Treasury and Invest in Tomorrow.
This position is located in the OCC's Economics Department, Industry and Regional Analysis (I&RA) Division in Washington, DC.
In this position, you will serve as a Financial Economist with responsibility for applying economic theories and principles in the analysis of U.S. regional and business sector economic conditions and how those conditions affect commercial lending, banks and the national banking system.
- This position is a Step 2 level position within the NB-V pay band. Step 2 level positions are distinguished by additional job complexity, responsibility, and advanced skill levels required by the work.
- This position is being advertised concurrently under merit promotion and competitive procedures. If you wish to be considered under both merit promotion and competitive procedures, you must submit an application under this vacancy announcement and vacancy announcement MP.2-HQ-TJ-17-968 scheduled to close on September 27, 2017.
- One or more positions may be filled using this announcement.
- Salary range includes geographical pay.
Occasional travel - 1 to 5 nights of travel per month may be required.
Relocation expenses reimbursed Yes Relocation expenses will be paid in accordance with the OCC's relocation policy.
We recommend that you preview the online questions for this announcement before you start the application process. Please click on all the links provided in this vacancy announcement to view additional information and instructions.To ensure full credit for your work experience, please indicate dates of employment by month/year, and indicate number of hours worked per week, on your resume.
You must meet the following requirements by the closing date of this announcement:
- Degree (Undergraduate and/or Graduate) in Economics, that included at least 21 semester hours in economics and 3 semester hours in statistics, accounting, or calculus. OR
- A combination of education and experience: Courses equivalent to a major in economics, as shown in A above, plus appropriate experience or additional education. Examples of qualifying experience include: a) individual economic 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) personal research that produced evidence of results, (2) direction of graduate theses in economics, or (3) service as a consultant or advisor on technical economics problems.
- One year of specialized experience at a level of difficulty and responsibility equivalent the next lower level, NB-04, NB-05 or GS-9 in the Federal service. This 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. Specialized experience for this position is applying theories and methods in finance, economics, or statistics/econometrics to evaluate and conduct research assessing the effect of regional economic conditions on commercial credit performance and the banking and financial services industry; utilizing statistical software such as STATA, SAS, Eviews, etc. to develop statistical models based on economic theory; and writing and/or presenting research results. OR
- Possess a Ph.D. or equivalent doctoral degree in a related field of study (e.g., Economics, Finance, Statistics, etc.) or completed 3 years of progressively higher level graduate education leading to a Ph.D. degree in related field of study that provided the knowledge, skills, and abilities necessary to do the work of this position. OR
- Combination of the education and experience above. Your percentage of the required experience and education must total to at least 100% to qualify using this option.
- Click here for important information about OCC ethics standards, such as the requirement that new hires divest their bank securities.
- If you are a current OCC employee who previously received a waiver determination permitting you to retain bank securities due to extenuating circumstances, please note that this determination may be rescinded if the nature of your duties changes. We strongly suggest that you discuss the potential implications of any change in duties on a prior securities determination with your ethics official.
- We may select from this announcement or any other source to fill one or more vacancies.
- Relocation benefits are not authorized unless selectee is a current OCC employee.
- It is the policy of the Government not to deny employment simply because an individual has been unemployed or has had financial difficulties that have arisen through no fault of the individual. Information about an individual’s employment experience will be used only to determine the person’s qualifications and to assess his or her relative level of knowledge, skills, and abilities. Although an individual’s personal conduct may be relevant in any employment decision, including conduct during periods of unemployment or evidence of dishonesty in handling financial matters, financial difficulty that has arisen through no fault of the individual will generally not itself be the basis of an unfavorable suitability or fitness determination.
- 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.
- Obtain and use a Government-issued charge card for business-related travel.
- Travel occasionally to attend conferences and/or training.
- Successfully complete a background investigation.
- File an OCC Financial Disclosure Form.
You will be evaluated for this job based on how well you meet the qualifications above.
Your application includes your resume, responses to the online questions, and required supporting documents. Please be sure that your resume includes detailed information to support your qualifications for this position; failure to provide sufficient evidence in your resume may result in a “not qualified” determination.
Rating: Your application will be evaluated in the following areas:
- Commercial Credit Risk Analysis
- Oral Communication
- Written Communication
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 responses to the online questions, regarding your experience, education, and training related to this position. Your rating may be lowered, if your responses to the online questions are not supported by the education and/or experience described in your application.
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.
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 Outstanding or Excellent category.
To preview questions please click here.