Risk Analyst

Employer
USAJobs
Location
Washington, D.C
Posted
Apr 30, 2021
Closes
May 06, 2021
Function
Analyst
Hours
Full Time
Duties

Summary

This position is located in the Risk Surveillance Branch of the Division of Clearing and Risk (DCR). The Risk Surveillance Branch conducts financial and risk surveillance of derivatives market intermediaries and clearing organizations to monitor the actual and potential implication of market events and conditions for the financial integrity of the clearing and settlement system and to follow up on indications of financial.

Learn more about this agency

Responsibilities

The incumbent is a member of the Risk Analytics unit, and participates in the design, development and maintenance of RSB's risk analytics platform to measure, monitor and assess risk exposures across exchange-traded futures and options, cleared and uncleared swaps, and where appropriate, related cash markets. The risk analytics platform is an integration of data, technology, analytical tools, and reports generation capabilities related to futures and options, swaps, and related cash markets. In addition to interfacing closely with the rest of RSB to assess their needs and collaborating with them on the design of analytical tools, the incumbent independently researches tools and metrics developed by market participants and the academic research community.

As a member of the Risk Analytics unit, the incumbent participates in the design, coordination, and execution of CFTC's annual Supervisory Stress Tests by collaborating with other RSB and DCR staff, and with other relevant regulatory authorities. The incumbent collaborates with other RSB teams to ensure that there is a feedback loop between the daily risk surveillance activities, periodic supervisory stress tests, and the quantitative assessments of the margin model team. The incumbent is responsible for ensuring that tools and analytical capabilities developed for supervisory stress tests are brought into the daily risk surveillance program.

At the full performance level as a Risk Analyst (Risk Analytics) in the Risk Surveillance Branch, you will:
  • Execute roles as directed for the Division's risk analytics program related to futures, options, and swaps;
  • Participate in the design, development and maintenance of RSB's risk analytics platform;
  • Coordinate with the margin model and the daily surveillance units, as well as other relevant regulatory agencies in the design, planning and execution of supervisory stress tests;
  • Interface with the Office of Data and Technology for core infrastructure and shared resources, as well as for vendor-provided solutions.

NOTE: CANDIDATES HAVE THE OPTION TO SELECT FROM 3 DUTY LOCATIONS, CHICAGO, IL, NEW YORK, NY OR WASHINGTON, DC HOWEVER, THERE IS ONLY 1 VACANCY.

Travel Required

Occasional travel - 10% to 15% annually

Supervisory status
No

Promotion Potential
14

Requirements

Conditions of Employment

  • U.S. Citizenship
  • Background/Security Investigation
  • Males born after 12-31-1959 must be registered for Selective Service


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Qualifications

CT-12: 1 year of specialized experience equivalent to the GS/CT-11 level; or Specialized experience is defined as experience applying analytical techniques, automated tools, data visualizations, and related methods to analyze large databases. In addition, experience using tools such as SAS, Matlab, R, and Python, ability to mine large databases, and create data visualizations. This experience may have been gained either through academic coursework or research related to a master's or doctoral degree, or work experience.


CT-13: Applicants must have one year of specialized experience equivalent to the GS/CT-12 level; or specialized experience applying analytical techniques, automated tools, data visualizations, and related methods to analyze large databases in the context of financial markets - stocks, bonds, futures, options and swaps or OTC derivatives. In addition, knowledge of derivatives market structure (which may have been gained as a mid-level Economist, mid Risk Analyst or other financial professional).

CT-14: Applicants must have one year of specialized experience equivalent to the GS/CT-13 level. Specialized experience is defined as (1) using economic and statistical theories and trading techniques relating to the derivatives markets and related cash markets to measure, monitor and assess risk factors; and (2) developing new analysis techniques, automated tools, data visualizations, data analysis, and mining of very large databases; and (3) using software applications for the analysis, reporting, and visualization of data contained in databases and the ability to develop working software prototypes for advanced analytics capabilities; (4) communicating with technical staff about technology improvements and market participants about study results; (5) knowledge of derivatives market structure, and of risk management concepts, techniques and methods in the context of financial market activities and institutions; (6) knowledge of functions and roles clearing houses and their risk management systems and processes.

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

Education

Desirable - applicants who possess either a master's or doctoral degree in Economics, Finance, Statistics, Mathematics, or equivalent from an accredited college or university.

Additional information

Relocation. Relocation expenses will not be paid.

Must serve a one year probationary period.

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: 1) this vacancy is within your ICTAP eligibility, 2) you apply under the instructions in this announcement, and 3) you are found well-qualified for this vacancy. To be well qualified, you must score 85 or better on established ranking criteria. You must provide proof of eligibility with your application to receive selection priority. Additional information about ICTAP eligibility is at: http://www.opm.gov/ctap/index.asp.ICTAP candidates MUST submit:
  • A copy of their agency reduction-in-force notice;
  • A copy of your most recent Performance Rating;
  • A copy of your most recent SF-50 noting current or last position held, the grade level, and the duty location; and
  • A copy of your notice of proposed removal for declining a directed reassignment or transfer of function outside the local commuting area or documentation showing you were separated as a result of RIF or declining a directed reassignment or transfer of function outside the local commuting area.
  • Career Transition Assistance Program (CTAP).Provides eligible surplus and displaced competitive service employees in the CFTC with selection priority over other candidates for competitive service vacancies. If CFTC has notified you in writing that you are a surplus or displaced employee eligible for CTAP consideration, you may receive selection priority if: 1) this vacancy is within your CTAP eligibility, 2) you apply under the instructions in this announcement, and 3) you are found well-qualified for this vacancy. To be well qualified, you must rate equivalent to the Well Qualified or better category using established rating criteria. You must provide a copy of your written notification of CTAP eligibility with your application. Additional information about CTAP eligibility is at: http://www.opm.gov/ctap/index.asp .

    The following links provide information on how you may be eligible for various hiring authorities: 1. VRA - http://federaljobs.net/veterans.htm 2. VEOA - http://opm.gov/staffingPortal/Vetguide.asp 3. 30% or more disabled veteran - http://opm.gov/staffingPortal/Vetguide.asp 4. Persons with disabilities - http://www.opm.gov/DISABILITY/ 5. CTAP - http://www.opm.gov/ctap/ 6. ICTAP - http://www.opm.gov/ctap/

    EEO Policy Statement. The United States Government does not discriminate in employment on the basis of race, color, religion, sex, national origin, genetic information, political affiliation, sexual orientation, marital status, disability, age, membership in an employee organization, or other non-merit factor.

    Reasonable Accommodation. Federal agencies must provide reasonable accommodation to applicants with disabilities where appropriate. Applicants requiring reasonable accommodation for any part of the application and hiring process should contact the hiring agency directly. Determinations on requests for reasonable accommodation will be made on a case-by-case basis.

    Please Note: More than one selection maybe made from this vacancy.

    How You Will Be Evaluated

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

    Your application will be evaluated and rated under CFTC Category Rating and Selection Procedures. Your resume and supporting documentation will be used to determine whether you meet the job qualifications listed on this announcement. If you are minimally qualified for this job, your resume and supporting documentation will be compared to your responses on the online assessment questionnaire. If you rate yourself higher than is supported by your application materials, your responses may be adjusted and/or you may be excluded from consideration for this job. Your application will then be placed in one of three categories: Best Qualified, Well Qualified, or Qualified. Names of all candidates in the best qualified category will be sent to the hiring official for employment consideration. Candidates within the best qualified category who are eligible for veterans preference will receive selection priority over non-veteran preference eligibles.

    You will be evaluated on the basis of your level of competency (knowledge, skills and abilities) in the following areas:

    Quality Ranking Factors: You must meet the quality factors.

    1. Knowledge of financial risk and trading operations and practices of futures, swaps, or securities organizations or other service industry organizations.

    2. Knowledge of financial and business principles, operations and practices of business organizations.

    3. Skill in analyzing internal and external data to identify the efficiency, and effectiveness of programs and activities.

    4. Skill in communicating in a clear, concise and effective manner, both orally and in writing, in order to prepare reports that document analysis, findings, and conclusions.
    To preview questions please click here .

    Background checks and security clearance

    Security clearance
    Other

    Drug test required
    No

    Position sensitivity and risk
    Noncritical-Sensitive (NCS)/Moderate Risk

    Trust determination process
    Suitability/Fitness

    Required Documents

    • Resume showing relevant experience
    • An unofficial college transcript (If using education to qualify for the position)
    • Performance Appraisal
    • If you are requesting Veterans Preference, you must submit:
  • Copy of the Member Copy 4 of your DD-214 (Certificate of Release or Discharge from Active Duty).
  • Standard Form (SF) 15, "Application for 10-Point Veteran Preference.
  • VA Letter


  • 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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