Financial Analyst (Deputy Director)

Washington, D.C
Feb 27, 2021
Mar 07, 2021
Full Time


The Federal Retirement Thrift Investment Board (FRTIB) is looking for a highly qualified and motivated individual to serve as a Financial Analyst (Deputy Director).

This Job Opportunity Announcement (JOA) may be used to fill other Financial Analyst (Deputy Director), GS-1160-15 positions within the FRTIB in the same geographical location with the same qualifications and specialized experience.
Learn more about this agency


This vacancy is also being announced concurrently with vacancy announcement FRTIB-20-MP-009-11029406 under Merit Promotion procedures. Please review that announcement to see if you are eligible for consideration under Merit Promotion procedures. NOTE: Applicants must apply separately for each announcement in order to be considered.

The major duties of the position are:

- Executes the functions of the Office to achieve mission goals consistent with management priorities and investment policies. Provides authoritative technical leadership and expertise on FRTIB-wide projects and unprecedented investment issues. Prepares reports, maintains appropriate records, and advises the Chief Investment Officer of work accomplishments, recommendations, and decisions. Plans and oversees reviews of operations for efficiency;

- Leads, develops, and manages the RFP and procurement processes utilized to evaluate and select contractors required to achieve goals and fulfill requirements of the Office;

- Develops extensive liaison and professional relationships with the internal/external investment community. Initiates and maintains contact and monitoring of prospective investment management firms to determine and evaluate the techniques and resources available to meet the Agency's future needs;

- Provides authoritative investment expertise and leadership to identify and resolve the most complex and difficult investment and asset management problems, develop and implement investment policies and strategies, and lead, oversee, and coordinate investment manager selection and reviews, transition management, risk management, performance reporting, and other similar matters;

- Plans, develops, coordinates, and implements performance monitoring, cash flow analysis and/or investment management policies and strategies, and designs and implements innovative and far-reaching strategies and techniques to achieve objectives. Develops, initiates, maintains, and revises policies and procedures for the compliance program and its related activities to prevent and detect illegal, unethical, or improper conduct;

- Oversees due diligence of external managers by leading and participating in meetings, reviewing portfolio holdings and strategies, and analyzing performance and compliance with investment guidelines. Represents and acts for the Agency before senior managers, executives of other agencies, external investment managers, consultants, and others concerning compliance program activities. Attends and represents the Agency at meetings, conferences, and events that relate to areas of responsibility;

- Formulates policy options and proposals, serves as a senior Agency policy expert, and plays a key role in final determination of Agency policy;

- Directs, oversees, and conducts special projects and studies related to the present state of investment management and the application of various state-of-the-art strategies, products, and techniques to further objectives. Prepares or oversees the preparation of timely, periodic statistical analyses of various alternatives and unprecedented issues, and their impact on objectives;

- Oversees, coordinates, and monitors the efforts of investment managers to optimize their contributions to the Agency's overall investment results. Performs periodic performance reviews of investment managers and evaluations of prospective managers;

- Maintains periodic comparison of indices of return for various asset classes and relates achieved and projected returns to benchmark indices;

- Performs comprehensive program administration and management duties for the Chief Investment Officer, as the Deputy Chief Investment Officer, and administrative backup and assistance as required;

- Provides expert technical advice, guidance, and leadership on strategic program planning activities pertaining to investment management;

- Establishes and maintains effective relationships with management officials and professional/technical specialists in other areas in order to effectively plan, manage, collaborate on, and integrate investment program activities; and

- Performs other duties and responsibilities as assigned.

Travel Required

Occasional travel - You may be expected to travel for this position at 5% or less.

Supervisory status

Promotion Potential


Conditions of Employment

U.S. Citizenship is required.

All qualification requirements must be met by 03/12/2021. Your application package will not receive consideration if it is missing any of the required documents under the "Required Documents" tab.

Probationary Period. One-year probationary period may be required.

Supervisory Probationary Period. One-year supervisory probationary period may be required.

Selective Service. If you are a male applicant born after December 31, 1959, you must certify that you have registered with the Selective Service System , or are exempt from having to do so under the Selective Service Law.

Background Suitability Investigation. Continued employment is contingent upon satisfactory completion of a background investigation and the granting of a federal suitability or security clearance. If selected, you may be offered tentative employment until the background investigation has been fully adjudicated.


To qualify for this position, applicants must meet the Basic Requirement and the Specialized Experience as described below.

Basic Requirement:

Undergraduate and Graduate Education: Major study -- finance, business administration, economics, accounting, insurance, engineering, mathematics, banking and credit, law, real estate operations, statistics, or other fields related to the position, such as agriculture, agricultural economics, farm, livestock or ranch management, or rural sociology.

Experience such as performing financial analysis and evaluation work requiring a comprehensive knowledge of (1) corporate finance and any specialized fields of finance required such as public finance, securities, international finance, money and securities markets, investments, and banking, and (2) the financial and management structure, operations, and practices of corporate and other organizations.

Specialized Experience: Applicants must have at least one year of full-time specialized work experience comparable in scope and responsibility to the next lower level, GS- 14, in the federal government. Specialized experience is defined as: holding management positions with direct senior level supervisory responsibilities over multiple employees at varying levels of skill and responsibility and/or holding broad top leadership coordination roles across multiple complex internal and external groups. The aforementioned management, supervisory and/or leadership roles were while working in a major institutional asset management vendor setting, working in a major private, public, or non-profit sector institutional asset management plan sponsor setting, or working in an investment consultant setting for major institutional asset management assignments. Possession of a demonstrated capacity to formulate and influence policy at a board/executive level; high comfort level with complex mathematical operations and complex excel spreadsheet development work; and a demonstrated track record in providing authoritative expertise and leadership on complex investment issues and projects, coordinating and overseeing investment management activities, developing and implementing policies and strategies for investment management, analyzing investment performance and compliance, and developing findings and recommendations regarding investment returns.

In addition to the above, your qualifications will be evaluated on the following competencies (knowledge, skills, abilities and other characteristics):

Financial Analysis: Mastery and expert knowledge of and skill in the concepts, theory, and practice of finance and investment planning, in order to lead, plan, coordinate, and oversee a broad range of investment management activities, policies, and procedures.

Financial Planning: Expert organizational and project management skills in order to provide effective planning, leadership, direction, coordination, and development of personnel involved in special projects/teams critical to the financial investment functions of the Agency. Expert knowledge of and skill in project management practices for leading, planning, directing, scheduling, and advising on multiple Agency-wide projects, activities, and accomplishments.

Business Finance Management: Expert skill in developing and implementing complex and innovative investment policies, strategies, and procedures. Skill in formulating, developing, implementing, and applying Agency policies and standards, and applying advanced knowledge of complex and sensitive issues in order to develop and evaluate alternative and innovative investment strategies and approaches.

Oral Communication: Ability to prepare and present comprehensive and advanced technical financial and investment analyses to senior officials and other personnel, and to make sound proposals, recommendations, and decisions on investment and asset management. Expert skill in interacting with individuals within and outside the Agency on exceptionally sensitive and complex issues and serving as an effective/contributing team leader or member.

*Experience refers to paid and unpaid experience, including volunteer work done through National Service programs (e.g., Peace Corps, AmeriCorps) and other organizations. 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.

A full year of work is considered to be 35-40 hours of work per week. Part-time experience will be credited on the basis of time actually spent in appropriate activities. Applicants wishing to receive credit for such experience must indicate clearly the nature of their duties and responsibilities in each position and the number of hours a week spent in such employment.


If this position has an education requirement, or if you are qualifying for this position through education, you must provide your transcripts to support your educational claims. Transcripts may be unofficial copies, but they must come from an accredited college or university, and they also must include course names and the number of credit / semester hours. Click here to search the database of accredited institutions.

Foreign Education. If you are using education completed at 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 the interpretation of foreign education programs. Foreign education must be deemed equivalent to that gained at an accredited U.S. education program. For further information visit the U.S. Department of Education's website concerning foreign qualifications.

Education may not be substituted for meeting the specialized experience for this series and grade combination.

Additional information

The FRTIB offers a comprehensive benefits package that includes paid time off*, life insurance, health benefits, and participation in the 3-tier federal retirement system. The FRTIB also has wonderful benefits and work/life-balance flexibilities that may be right for you. We offer, if applicable:
  • -Flexible work schedule options. The FRTIB offers two flexible work schedules, the Gliding Schedule and the Flexible 5-4/9 Schedule. Employees on the Gliding Schedule must arrive between 6:30 am and 9:30 am and work 8 hours plus a 30-minute unpaid lunch period. Employees on the Flexible 5-4/9 Schedule work eight 9-hour days and one 8-hour day (plus the 30-minute unpaid lunch period) in each biweekly pay period and receive one scheduled day off; and must arrive between 6:30 am and 9:30 am.
  • -Telework up to 2 days per week for eligible positions.
  • - Employee Assistance Program (EAP ). The EAP provides employees with free confidential assistance for help with personal issues that may be affecting work life. The program also provides consultation to supervisors who are trying to best help an employee with performance and/or attendance problems.
  • -Work Life 4 You. The FRTIB provides all employees and their family members with access to the Federal Occupational Health managed referral and information service to assist in dealing with life, family, health, education, work, and finance. This service is provided at no cost to the employee.
  • -*Annual and sick leave (paid time off). Employees of the FRTIB accrue both annual and sick leave depending on years of service with the federal government. Annual leave may be used for vacation or other personal reasons. Sick leave may be used when you are ill, when you have a doctor, dental, or optical appointment, or when you need to provide care to an ill family member.
  • -Fitness center. The FRTIB employees, at no cost, have access to the fitness center conveniently located on the main level of the building featuring state of the art weight training and cardiovascular equipment.
  • -Extensive training programs and tools supportive of enhancing organization effectiveness and employee development.
  • -A monthly transit subsidy for a portion of your commuting costs to help defray the commuting costs of employees who use mass transportation, including commuter bus, Metrorail or Metrobus, or commuter rail systems.
  • -Child care program. The FRTIB's childcare subsidy program offers up to $600 in monthly subsidy paid to qualified child care providers of employees meeting the eligibility requirements.
  • -Student loan repayment or recruitment bonus, when applicable.
The FRTIB offices are conveniently located within a few blocks of the Union Station metro station. In addition, private parking is available in the building at the posted daily and monthly rates.

Relocation expenses are not authorized for this position; however, other recruitment incentives may be authorized.

How You Will Be Evaluated

You will be evaluated for this job based on how well you meet the qualifications above.

To preview the occupational questionnaire, click on the following link .

You will be evaluated for this job based on how well you meet the above qualifications.

Once the application process is complete, a review of the resume and supporting documentation will be made and compared against your responses to the assessment questionnaire to determine if you are qualified for this job. If, after reviewing your resume and/or supporting documentation, a determination is made that you have inflated your qualifications and/or experience, you may lose consideration for this position. Please follow all instructions carefully. Errors or omissions may affect your eligibility.

For Delegated Exam referral lists, Category Rating procedures will be used to rate and rank candidates. The category assignment is a measurement of the degree in which your background matches the competencies required for this position. Qualified candidates will be ranked into one of three categories: Best Qualified, Well Qualified or Qualified.

Best Qualified - Meets the minimum qualification requirements and excels in most requirements of the position. Generally, candidates scoring 90 and above will meet the best qualified requirement.

Well Qualified - Meets the minimum qualification requirements and meets most requirements of the position. Generally, candidates scoring between 80 and 89 will meet the well qualified requirement.

Qualified - Meets the minimum qualification requirements, but does not possess the relevant competencies to a substantive degree. Generally, candidates scoring between70 and 79 will meet the qualified requirement.

If you are found Best Qualified for this vacancy your application may be referred to the selecting official for further review.

The Category Rating process does not add veterans' preference points but protects the rights of veterans by placing them ahead of non-preference eligibles within each category. Preference eligibles who meet the minimum qualification requirements and who have a compensable service-connected disability of at least 10 percent must be listed in the highest quality category (except in the case of scientific or professional positions at the GS-9 level or higher).

When a sufficient pool of candidates has been determined only members of that group will be referred to the selecting official for further consideration.

Background checks and security clearance

Security clearance
Not Required

Drug test required

Position sensitivity and risk
Non-sensitive (NS)/Low Risk

Trust determination process

Required Documents

Veterans' Preference. If you are claiming veterans' preference you must submit supporting documentation as described in the "Required Documents" section. Visit the Feds Hire Vets website for more information regarding veterans' preference.

Interagency Career Transition Assistance Program (ICTAP). The ICTAP provides eligible displaced federal competitive service employees with selection priority over other candidates for competitive service vacancies. If your agency has notified you in writing that you are a displaced employee eligible for ICTAP consideration, you may receive selection priority if this vacancy is within your ICTAP eligibility, you apply under the instructions in this announcement, and you are found Well Qualified for this vacancy. Well Qualified means you must meet all the minimum qualification standards listed above and be assessed and assigned the rating of at least Well Qualified to receive special selection priority. Well Qualified is further defined as possessing the Basic Qualifications and meeting the specialized experience noted above.

You must provide proof of eligibility with your application to receive selection priority. Such proof may include a copy of your written notification of ICTAP eligibility or a copy of your separation personnel action form. Information about ICTAP eligibility is on OPM's Career Transition website .

Please be advised, the following documents are required even if you are already a current federal employee or employee of the FRTIB:

1. Resume (please include on your resume the experience you wish to be considered for the review of your qualifications, the dates of employment with month and year, and hours worked per week). Resumes that do not contain all of the necessary information to determine qualifications may be marked as insufficient and applicants may not receive consideration for this position. Your latest resume submission is the one that will be used to determine your qualifications.

2. Responses to the occupational questionnaire.

3. You must submit supporting documents verifying your selection priority eligibility or any preference eligibility along with your application package. Omitting these documents may result in no preference being adjudicated for you. These documents may include, but are not limited to:
  • -Veteran's documentation. All veterans must submit a DD-214, Member Copy 4. If you are currently on active duty, you must submit an official statement of service from your command or other official documentation that proves your military service was performed under honorable conditions.
  • -Preference eligible documentation. If claiming 10-point preference you must submit the final VA letter including percentage (please do not include letter from VA noting specific private medical information), as well as the DD-214 Member Copy 4. The SF-15 will be requested if selected.
  • -ICTAP documentation. RIF separation notice along with your last performance rating or appraisal.
4. College transcripts. Transcripts must be legible and possess the school name imprinted on the transcript or be on school letterhead; you may be asked to submit official transcripts upon selection.

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.

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