Duties

Summary

The position is located in the Office of Financial Research (OFR), Research and Analysis Center and reports directly to the Research & Analysis-Office of the Deputy Director Fundamental Research and works organizationally within the Office of the Associate Director, Statistics and Risk Management, Research and Analysis Center.

Learn more about this agency

Responsibilities

As a Research Economist, you will:

• Develop and maintain metrics and reporting systems for risks to the financial stability of the United States.
• Monitor, investigate, and report on changes in system-wide risk levels and patterns to the Council and Congress.
• Conduct, coordinate, and sponsor research to support and improve regulation of financial entities and markets.
• Evaluate and report on stress tests or other stability-related evaluations of financial entities overseen by the member agencies.

Travel Required

Not required

Supervisory status
No

Promotion Potential
70

Requirements

Conditions of Employment

• Please refer to "Conditions of Employment."
• Click "Print Preview" to review the entire announcement before applying.
• Must be U.S. Citizens or U.S. Nationals

The experience may have been gained in either the public, private sector or volunteer service . One year of experience refers to full-time work; part-time work is considered on a prorated basis. To ensure full credit for your work experience, please indicate dates of employment by month/day/year, and indicate number of hours worked per week on your resume.

Qualifications

You must meet the following requirements by the closing date of this announcement.

Specialized experience:For the OR-70 (GS-15), you must have one year of specialized experience at a level of difficulty and responsibility equivalent to the OR-60 (GS-14)grade level in the Federal service. Specialized experience for this position includes:

• Producing major reports and publications on behalf of an organization on financial market and financial institution topics related to financial stability, including responsibility for developing the topic, writing major segments, and editing and combining contributions from other researchers and analysts into whole drafts; AND
• Writing research papers published in academic, peer-reviewed journals related to economic or topics on financial markets, financial institutions, or financial stability; AND
• Planning, conducting, and completing economic or financial research papers, not required or submitted for course requirements, using economic data or developing economic models on topics related to financial markets, financial institutions, or financial stability.

Examples that meet the specialized experience include:

• Serving as a senior subject matter expert and project lead on reports to Congress or the public on financial stability, monetary policy, or other macroeconomic issues or conditions.
• Applying quantitative analytical and research techniques to examine questions concerning financial market and financial institution issues relevant for financial stability, and writing or co-authoring papers based on that research that have been published in a relevant academic, peer-reviewed journal or a government working paper series.

Examples that do not meet the specialized experience include:

• Experience related to budgeting, corporate financial analysis, accounting, cost-benefit analysis, cost effectiveness, procurement, data management, data operations, IT management of data, operations research, marketing research, equity or fixed income or other securities analysis; AND/OR
• Experience as a minor contributor to an organization's reports and publications; AND/OR
• Teaching experience below the college or university level and/or outside the fields of economics, finance, or mathematics.

Research experience on topics related to financial stability is preferred but not required.

Education

Education Requirements:

Basic Requirements for Economist, 0110

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.

Basic Requirements for Mathematician, 1520:

A. Degree: mathematics; or the equivalent of a major that included at least 24 semester hours in mathematics. OR

B.Combination of education and experience -- courses equivalent to a major in mathematics (including at least 24 semester hours in mathematics), as shown in A above, plus appropriate experience or additional education.

Basic Requirements for Statistician, 1530:

A. Degree: that included 15 semester hours in statistics (or in mathematics and statistics, provided at least 6 semester hours were in statistics), and 9 additional semester hours in one or more of the following: physical or biological sciences, medicine, education, or engineering; or in the social sciences including demography, history, economics, social welfare, geography, international relations, social or cultural anthropology, health sociology, political science, public administration, psychology, etc. Credit toward meeting statistical course requirements should be given for courses in which 50 percent of the course content appears to be statistical methods, e.g., courses that included studies in research methods in psychology or economics such as tests and measurements or business cycles, or courses in methods of processing mass statistical data such as tabulating methods or electronic data processing. OR

B. Combination of education and experience -- courses as shown in A above, plus appropriate experience or additional education. The experience should have included a full range of professional statistical work such as (a) sampling, (b) collecting, computing, and analyzing statistical data, and (c) applying statistical techniques such as measurement of central tendency, dispersion, skewness, sampling error, simple and multiple correlation, analysis of variance, and tests of significance.

The education generally must be from an accredited (or pre-accredited) college or university recognized by the U.S. Department of Education.

Additional information

- We may select from this announcement or any other source to fill one or more vacancies.
- Relocation expenses will not be paid.
- This is a non-bargaining unit position.

CONDITIONS OF EMPLOYMENT:
- A one year probationary period may be required.
- Must successfully complete a background investigation.
- Complete a Declaration for Federal Employment to determine your suitability for Federal employment, at the time requested by the agency.
- 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 . Federal law requires verification of the identity and employment eligibility of all new hires in the U.S.
- Undergo an income tax verification.
- Public Trust - Background Investigation will be required.

How You Will Be Evaluated

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: Technical, Analytical, Research and Analysis, and Communication. Category rating will be used to rank and select eligible candidates. If qualified, you will be assigned to one of three quality level categories, A, B, or C 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.

This announcement is issued under "direct-hire" authority. Consistent with 5 U.S.C 3304(a)(3) and OPM regulations (5 CFR 337 Subpart B) on direct-hire: All candidates who meet all the qualification and other eligibility requirements may be referred for consideration. Competitive examining rules providing for rating and ranking and veterans' preference do not apply.

Referral: If you are among the top qualified candidates, your application may be referred to a selecting official for consideration. You may be required to participate in a selection 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 assigned the middle category or better to be rated as "well qualified" to receive special selection priority.

To preview questions please click here .

Background checks and security clearance

Security clearance
Not Required

Drug test required
No

Required Documents

A complete application includes 1. A resume, 2. Vacancy question responses, and 3. Submission of any required documents. Please note that if you do not provide all required information, as specified in this announcement, you may not be considered for this position (or may not receive the special consideration for which you may be eligible).

All applicants are required to submit a resume either by creating one in USAJOBS or uploading one of their own choosing. (Cover letters are optional.) To receive full credit for relevant experience, please list the month/date/year and number of hours worked for experience listed on your resume. We suggest that you preview the online questions, as you may need to customize your resume to ensure that it supports your responses to these questions. Please view resume tips .

CAREER TRANSITION ASSISTANCE PLAN (CTAP) OR INTERAGENCY CAREER TRANSITION ASSISTANCE PLAN (ICTAP) DOCUMENTATION: If you are a displaced or surplus Federal employee, click CTAP/ICTAP for eligibility and a detailed list of required documents.

SPECIAL INSTRUCTIONS FOR SUBMITTING ACADEMIC-STYLE CURRICULUM VITAE FOR A RESUME:

An academic curriculum vitae does not generally include sufficient information to satisfy the requirements of this posting. All experiences relevant to your responses for the specialized experience and questionnaire must be listed and described. Provide detailed descriptions for each experience that can be used to support your responses, including but not limited to:

• Dates of employment in relevant research, research assistant, teaching, or teaching assistant positions, if those were paid positions, and if those positions were required as part of an educational program or to obtain an educational degree (meaning that you could not get the degree unless you had held the position;
• For each research project or existing paper, whether the topic concerns financial markets, financial institutions, or financial stability;
• Evidence of training for technical skills through either coursework or research experience (for example, what analytical or quantitative techniques did individual courses or research projects involve);
• Formal presentations of research to internal and/or external audiences.

We recommend that you preview the specialized experience and online questions for this announcement before you start the application process and revise your resume or curriculum vitae as needed so it has sufficient detail for a reviewer to know that you have every aspect of the specialized experience. Do not worry about the length of your resume or curriculum vitae. There is no length limit.

EDUCATION DOCUMENTATION: You are not required to submit transcripts for this initial phase of the application process. Candidates will be referred for consideration based on their self-certification. If you are selected for a position which has a positive education requirement (as described in the vacancy announcement) and/or you are qualifying solely on your education, you will be required to submit official transcripts verifying your qualifications prior to a job offer being issued.

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 Department of Education Accreditation page .

If you are qualifying based on foreign education, you must submit proof of creditability of education as evaluated by a credentialing agency, if you are selected. Refer to the OPM instructions .

If you are relying on your education to meet qualification requirements:

Education must be accredited by an accrediting institution recognized by the U.S. Department of Education in order for it to be credited towards qualifications. Therefore, provide only the attendance and/or degrees from schools accredited by accrediting institutions recognized by the U.S. Department of Education .

Failure to provide all of the required information as stated in this vacancy announcement may result in an ineligible rating or may affect the overall rating.