Financial Economist (Capital Markets)

Employer
USAJobs
Location
Washington, D.C
Posted
May 11, 2021
Closes
May 18, 2021
Function
Administrative
Hours
Full Time
Duties

Summary

The purpose of this position is to serve as a Financial Economist in the Office of Capital Markets (OCM). OCM advises and assists the Secretary, the Under Secretary for Domestic Finance, the Assistant Secretary for Financial Markets, and other senior officials of the Department of the Treasury (Treasury) on the capital markets implications of policy choices.

Learn more about this agency

Responsibilities

The following are the duties of this position at the GS-14. If you are selected at a lower grade level, you will have the opportunity to learn to perform all these duties, and will receive training to help you grow in this position.
  • Provide leadership, direction, and critical judgment to produce authoritative analyses of complex economic and financial market developments - including accounting issues - relating to financial markets and products for securities, options, futures, and derivative instruments.
  • Perform research and analysis on subjects for which there is often little or no precedent or established methodology.
  • Responsible for assisting in the preparation of official remarks and congressional testimony for senior officials.


Travel Required

Not required

Supervisory status
No

Promotion Potential
14

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 GS-12, you must have one year of specialized experience at a level of difficulty and responsibility equivalent to the GS-11 grade level in the Federal service. Specialized experience or for this position includes: AT LEAST TWO of the following:

-Conducting economic analysis and studies in fields such as equity, derivative, foreign exchange, securitization, or fixed-income markets, management of a bank's or other financial institution's assets or portfolios (e.g., commercial loans, mortgages), or related tax or accounting fields; OR
-Developing models to analyze, assess, or evaluate equity, derivative, foreign exchange, securitization, fixed-income, or mortgage finance markets, a bank's or other financial institution's assets or portfolios (e.g., commercial loans, mortgages), or policy issues related to the foregoing and produce valuation, volatility, pricing, cost-benefit, break-even, or other financial estimates and forecasts using micro-simulation, Martingale, Black-Scholes, or other commonly accepted economic or statistical practices and techniques; OR
-Performing a wide range of applied economic research in equity, derivative, foreign exchange, securitization, fixed-income, or mortgage finance markets, or on assets commonly found on a bank's or other financial institution's balance sheet, or related tax or accounting policy areas; OR
-Presenting the results of such analyses, studies, and research, both orally and in writing, to a variety of audiences.

For the GS-13, you must have one year of specialized experience at a level of difficulty and responsibility equivalent to the GS-12 grade level in the Federal service. Specialized experience or for this position includes: AT LEAST THREE of the following:

-Conducting economic analysis and studies in fields such as equity, derivative, foreign exchange, securitization, or fixed-income markets, management of a banks or other financial institutions assets or portfolios (e.g., commercial loans, mortgages), or related tax or accounting fields; OR
-Developing models to analyze, assess, or evaluate equity, derivative, foreign exchange, securitization, fixed-income, or mortgage finance markets, a bank's or other financial institution's assets or portfolios (e.g., commercial loans, mortgages), or policy issues related to the foregoing and produce valuation, volatility, pricing, cost-benefit, break-even, or other financial estimates and forecasts using micro-simulation, Martingale, Black-Scholes, or other commonly accepted economic or statistical practices and techniques; OR
-Performing a wide range of applied economic research in equity, derivative, foreign exchange, securitization, fixed-income, or mortgage finance markets, or on assets commonly found on a bank's or other financial institution's balance sheet, or related tax or accounting policy areas; OR
-Presenting the results of such analyses, studies, and research, both orally and in writing, to a variety of audiences.

Education

A. Degree: Economics, that included at least 21 semester hours in economics and 3 semester hours in finance, statistics, accounting, or mathematics.
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 as provided in the non-exhaustive examples below.

A non-exhaustive list of examples that qualify as experience substituting for the education requirement include the following:
(i). individual economic research assignments for public or private sector entities that required planning, information assembly, analysis and evaluation, conclusions, and report preparation; OR
(ii). supervisory or project coordination assignments for public or private sector entities that involved a staff of one or more professional economists and requiring the evaluation and interpretation of economic information; OR
(iii). 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.

Experience in related fields that did not involve the use and understanding of economic principles and theories may not be used as qualifying experience.

Additional information

- We may select from this announcement or any other source to fill one or more vacancies.
- This is a non-bargaining unit position.
- A recruitment incentive may be offered.
- We offer opportunities for telework.

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.
- Obtain and use a Government-issued charge card for business-related travel.

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: Analytical, Communication.

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). Any required documents should be submitted at the time that you apply as documents will not be accepted after the vacancy closes.

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.

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.

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