Financial Economist (BSA/AML Lead Economic Expert), NB-0110-VI.2

3 days left

Washington, D.C
Apr 06, 2021
Apr 14, 2021
Full Time


This position is located in the Economics Department, Compliance Risk Analysis Division.

Learn more about this agency


As a BSA/AML Lead Expert you will:
  • Lead on- and off-site bank examinations to evaluate the statistical validation methodologies and approaches used by banks for their AML/BSA and/or OFAC systems. Apply Institutional knowledge, BSA/AML and OFAC expertise, and statistical theories and principles to evaluate a financial Institution's models and statistical validation processes used to monitor and manage BSA/AML risks.
  • Analyze and evaluate bank specific quantitative validation reports and relevant work products (e.g., performance metrics, validation reports) to ensure the bank's risk management process is appropriate.
  • Use of a wide variety of bank specific data (Suspicious Activity Report, anti-money laundering transaction, account, customer data) and appropriate statistical software (e.g., STATA, SAS) to provide supporting evidence of biases, limitations, or incorrect assumptions in their model development, model validation, alert review process, or other quantitative controls and processes to monitor and manage BSA/AML risks.
  • Take a lead role in Identifying important Issues for discussion, providing background and analyses of the issues, and provides Insight on possible solutions to model related
    problems Identified during BSA/AML examinations.
  • Produce Internal white papers and technical documents that facilitate the development and understanding of new techniques for identifying BSA/AML risk at the most
    complex Institutions.
  • Plan, conduct, and manage projects using sophisticated quantitative methods of analysis with an understanding of the relationship between quantitative analysis and supervisory strategies and the objective of developing, evaluating, and understanding model validation techniques in the BSA/AML context.
  • Mentor, guide, and provide on-site and off-site training to new economists within CRAD. Reviews related memoranda and provides guidance to CRAD staff in BSA/AML or OFAC matter

Travel Required

Occasional travel - Occasional Travel may be required to participate in examinations and to attend training and/or conferences.

Supervisory status

Promotion Potential
VI2 - .


Conditions of Employment

• Complete a one-year probationary period (unless already completed).
• Complete a background investigation (unless already completed).
• Travel occasionally to participate in examinations and to attend conferences and/or training.
• Obtain and use a Government-issued charge card for business-related travel.
• File an OCC Financial Disclosure Form.
• Complete a financial disclosure review and resolve any ethics issues.
• Click here for important information about OCC ethics standards, such as the requirement that new hires divest their bank securities.


You must meet the following requirements within 30 calendar days after the closing date of this announcement:

•Degree: 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.

In addition to meeting the BASIC REQUIREMENTS, applicants must have one year of specialized experience at a level of difficulty and responsibility comparable to the NB-V band level or GS-13 grade level in the Federal service. Specialized experience is experience that equipped the applicant with the particular knowledge, skills and abilities to successfully perform the duties of the position, and that is typically in or related to the work of the position to be filled. This experience may have been gained in the public sector, private sector or through volunteer service. One year of experience refers to full-time work; part-time work is considered on a prorated basis. Specialized experience for this position is:

• Conducting complex and challenging off-site/on-site financial institution examinations that relate to compliance risk, and cover bank secrecy/anti-money laundering under the Bank Secrecy Act; AND

• Applying economic theories and principles to test for effective risk management of models with respect to anti-money laundering;

• Initiating and managing economic research projects to facilitate the development and understanding of new techniques for risk measurement components of compliance examinations.

The experience may have been gained in the public sector, private sector, or through volunteer service. One year of experience refers to full-time work; part-time work is considered on a prorated basis.

To receive any credit for your work experience, please indicate dates of employment by month/year, and indicate the number of hours worked per week, on your resume.


See Qualifications Section.

Additional information

• This position is a Step 2 level position within the NB-VI pay band. Step 2 level positions are distinguished by additional job complexity, responsibility, and advanced skill levels required by the work.
• Salary range 22.26% geographical pay.
• 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 positions.
• Click all links in this vacancy announcement to view additional information and instructions.
• Must be a U.S. citizen or U.S. national.
• Please refer to "Conditions of Employment."
• Click "Print" to review the entire announcement before applying.

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.


Your application will be evaluated in the following areas:
  • Professional Credibility
  • Data Analysis and Interpretation
  • Communicating Technical Information
  • Technical Knowledge
  • Accountability
  • Written Communication
  • Developing Others
  • Vision

Your application will be rated and ranked among others, based on your responses to the online questions regarding your experience, education, training, performance appraisals and awards relevant to the duties of 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.
Current OCC employees must have a performance rating of at least Level 3 overall and for all critical performance elements to be eligible for promotion.

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) , you must be rated as well-qualified to receive special selection priority. "Well-qualified" means that in addition to meeting the minimum qualification requirements and selective placement factor(s), if applicable, you must receive a score of 85 or higher.

To preview questions please click here .

Background checks and security clearance

Security clearance

Drug test required

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).

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

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

VETERANS' PREFERENCE DOCUMENTATION: If you are a former OTS employee serving under a permanent Schedule A 213.3105(d)(1) appointment at the OCC and you are a veteran, you must submit a copy of your DD-214 (Member 4 copy), or other official documentation from a branch of the Armed Forces or the Department of Veterans Affairs showing actual or expected dates of service and type of discharge. Ten-point preference eligibles must also submit an Application for 10-point Veteran Preference, SF-15 , along with required documentation listed on the back of the SF-15 form.

EDUCATION DOCUMENTATION: For positions with an education requirement, or if you are qualifying for this position by substituting education or training for experience, submit a copy of your transcripts or equivalent. An official transcript will be required if you are selected. If you are qualifying based on foreign education, you must submit proof of creditability of education as evaluated by a credentialing agency. Refer to the OPM instructions .

OPTIONAL DOCUMENTS : In addition, you may submit the following:
- Cover letter
- Recent performance evaluation (be sure to redact/remove all sensitive information prior to submitting)

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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