Financial Economist (Research), CG-0110-12/13/14

Washington, D.C
May 10, 2021
May 11, 2021
Analyst, Research
Full Time


The positions are located in the Center for Financial Research (CFR) in the Division of Insurance and Research of the FDIC. The CFR conducts economic research on topics important to the FDIC's mission including deposit insurance, bank supervision, and resolution of failed financial institutions, including those that are large and complex.

Additional selections may be made from this vacancy announcement to fill identical vacancies that occur subsequent to this announcement.

Learn more about this agency


  • Plans and coordinate research projects and reports. Develops analytical techniques for economic research, studies and analyses of major economic issues.
  • Conducts policy oriented research to develop innovative approaches to identify in economic trends any existing and emerging risks and analyze implications. Prepares and presents findings and recommendations.
  • Monitors ongoing economics, financial and banking trends that influence risks to the insurance funds, including trends in the global economy, the U.S. macro-economy, key industry sectors, the markets for money, capital, commodities and foreign exchange, and economic and financial policy issues.
  • Perform research, gather and analyze quantitative data from a variety of sources to identify particular problems to explore; assess the adequacy of existing programs; recommend and implement research based changes.
  • Gathers and analyzes written reports and quantitative data from a wide variety of sources to identify problems to explore; assesses the adequacy of existing programs; and recommends and implements research based changes.

Travel Required

Occasional travel - Occasional travel may be required.

Supervisory status

Promotion Potential


Conditions of Employment

Completion of Confidential Financial Disclosure may be required.

Employment Conditions.

Moderate Risk Position - Minimum Background Investigation (MBI) required.

U.S. Citizenship is required.

Registration with the Selective Service.


Qualifying experience may be obtained in the private or public sector. Experience refers to paid and unpaid experience, including volunteer work done through National Service programs (e.g., Peace Corps, AmeriCorps) and other organizations (e.g., professional; philanthropic, religious/spiritual; community; student, social). 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. Additional qualifications information can be found here .

1. Basic Requirements For All Applicants:

A. Degree: economics, that included at least 21 semester hours in economics and 3 semester hours in statistics, accounting, or calculus.


B. Combination of education and experience: courses equivalent to a major in economics, as shown in A above, plus appropriate experience or additional education.

YOU MUST PROVIDE ALL TRANSCRIPT(S) (unofficial copy is acceptable)


2. ADDITIONAL QUALIFICATION REQUIREMENT: In addition to meeting the Basic Requirement, applicants must meet the defined qualification requirements listed below:

CG-12: Applicant must have one year of specialized experience equivalent to at least the grade 11 level in the Federal Service. Specialized experience is experience using economic principles and theories to perform economic research and analyses of the financial services industry, financial markets, global economic developments, or economic policy; designing and using financial econometric models.

EDUCATION: Education may be substituted for experience in qualifying for this position. If qualifying based on education, applicant must possess a Ph.D. or equivalent doctoral degree. Applications will be accepted from applicants who expect to complete their Ph.D. by December 01, 2021.

Combination of education and experience: A combination of graduate level education, and specialized experience as described above, that together meet the qualification requirements for this position.

Candidates who are selected for the position based on education, must provide documentation of completing all requirements for a Ph. D or equivalent doctoral degree prior to entering on duty.

CG-13: Applicant must have one year of specialized experience equivalent to at least the grade 12 level in the Federal Service. Specialized experience is experience designing models as part of a publication or to meet an institutional objective, using economic principles and theories; performing economic research and analyses of the financial services industry, financial markets, global economic developments, or economic policy.

CG-14: Applicant must have one year of specialized experience equivalent to at least the grade 13 level in the Federal Service. Specialized experience is experience using economic principles and theories in the conceptualization of large or complex economic problems; performing economic research and analyses of the financial services industry, financial markets, global economic developments, or economic policy; designing and using financial and econometric models.

Applicants eligible for ICTAP (Interagency Career Transition Assistance Program) must achieve a score of 80 or higher in the online assessment to be determined "well qualified" for this position. For more information, click here .


See requirements stated under QUALIFICATIONS.

Additional information

If selected, you may be required to serve a probationary period.

To read about your rights and responsibilities as an applicant for Federal employment, click here .

How You Will Be Evaluated

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

This is a Direct-Hire Public Notice. Applications will be accepted for the location identified in the public notice. Veteran's preference and traditional rating and ranking of applicants DO NOT apply to positions filled under this public notice. All complete applications (transcripts must be included) will be verified for eligibility requirements and will be submitted to the hiring official upon request.

Your application will be reviewed, including the online assessment questionnaire, to determine whether you meet the qualification requirements in the announcement. Therefore, it is imperative that your resume contain sufficiently detailed information upon which to make the qualification determination. Please ensure that your resume contains specific information such as position titles, beginning and ending dates of employment for each position, average number of hours worked per week, and if the position is/was in the Federal government, you should provide the position series and grade level. If you rated yourself higher on the questionnaire than what is supported by your resume, your overall qualifications assessment may be adversely affected. If you are found qualified, your resume will be evaluated to measure the degree in which your background and responses to the assessment questions match the competencies/knowledge, skills, and abilities (KSA's) listed below.

Top candidates will be referred to the selecting official for further review and consideration.

You do not need to respond separately to these KSAs. Your answer to the online questionnaire and resume will serve as responses to the KSAs.
  • Ability to lead and conduct research and identify techniques to solve problems.
  • Skill applying the principles, theories, research methods, and techniques of economics and finance (particularly as they apply to the financial system and the operation of depository institutions).
  • Ability to apply financial, statistical, and mathematical methodologies (such as econometric/time series/statistical and simulation techniques) to illustrate and support conclusions about economic and/or financial trends.
  • Ability to use software such as spreadsheets, programming, database management, report writing, or graphical presentation applications (such as; SAS, Microsoft Office, and Visual Basic) to compile and provide information for analytical decisions. Plans and carries out economic analyses using multiple software packages to address economic issues related to banking, develop conclusions and present the results of the analysis.
  • Ability to prepare written reports to identify findings and make recommendations.

  • To preview questions please click here .

    Background checks and security clearance

    Security clearance

    Drug test required

    Position sensitivity and risk
    Moderate Risk (MR)

    Trust determination process

    Required Documents

    INTERAGENCY TRANSITION ASSISTANCE PROGRAM (ICTAP): If you are a displaced Federal employee eligible for consideration under ICTAP, you must submit proof of eligibility. For more information, click here

    EDUCATION DOCUMENTS: If you are using education to meet all or part of the qualification requirements, submit a copy of your college transcript (an unofficial transcript is acceptable). Education must be from accredited institutions. For a listing of accredited educational institutions, click here . An official transcript will be required if you are selected. If you attended more than one university and need to send multiple transcripts, please upload/fax all transcripts as one document.

    Foreign Education: If you are using education completed in 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 interpretation of foreign education programs and such education has been deemed equivalent to that gained in an accredited U.S. education program. For more information, click here .

    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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