Financial Modeler

Alexandria, Virginia
Dec 01, 2021
Dec 09, 2021
Full Time

As a Financial Modeler, you will:
  • Serve as a ONES resource on quantitative methods and research, applying a statistical and econometric approach to identify and analyze emerging risks and trends and solve quantitative problems at credit unions, which may potentially impact the National Credit Union Share Insurance Fund (NCUSIF).
  • Participate in the model development process including conceptualization through data exploration, model selection, model building and testing, model documentation and deployment, user training, and on-going monitoring.
  • Review business processes, portfolio characteristics and technical documentations and applies econometric or quantitative methods to evaluate the full life cycle of models used by credit unions, focusing on conceptual model design and methodology, data inputs, model implementation and performance, model on-going monitoring and change management processes.
  • Work with ONES credit unions and third-party vendors to develop validation strategies including assessing their model development methodologies and processes, identifying potential model weaknesses and materiality of the risk, and developing necessary challenge models using statistical and econometric techniques.
  • Research industry practices and assesses credit unions' model risk management framework and identify model risk controls weaknesses.


Conditions of Employment

  • You must be a U.S. Citizen.
  • Suitable adjudication of background/security investigation is required.
  • A Financial disclosure is required.
  • A probationary period may be required.
  • Federal employees must be fully vaccinated against COVID-19 regardless of duty location or work arrangement. More information regarding this condition of employment may be found under the "Additional information" section of this vacancy announcement.


Specialized experience is the experience that has equipped you with the specific 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.

All applicants applying for the CU-14 level must have at least one full year of specialized experience equivalent to the CU/GS-13 level obtained in the private or public sector.

Specialized experience for this position is defined as experience applying mathematical or statistical techniques to develop econometric models to:
  • conduct economic forecast or research, or
  • conduct financial forecast or analysis, or
  • predict asset performance

In addition to meeting the specialized experience requirement, applicants must also meet basic education requirements as outlined in the "Education" section of this vacancy announcement. Please note that transcripts verifying that the education requirement has been met are required at the time of application.

You must meet the qualifications for this position by the closing date of this announcement.

Please note, all experience statements (i.e., duties, specialized experience, or occupational assessment questionnaire) copied from this announcement and pasted into your resume will not be considered as a demonstration of your qualifications for this position.

YOUR RESUME MUST provide specific details as to how your experience meets the specialized experience and support your responses to the online questionnaire as described in the vacancy announcement. When describing your experience in your resume, please be specific. We will not make assumptions regarding your experience. Please ensure that your resume includes the grade (if you are a current or previous federal employee), month, and year that you began and ended for each position held or that position may not be credited toward meeting the specialized experience requirement. Full-time employment will be assumed unless otherwise stated on your resume. Part-time employment will be prorated in crediting experience. Failure to provide details will result in an ineligible rating.

Your resume must also support your responses to the online questionnaire. Failure to provide support may result in a lower rating and/or you may be excluded from consideration. Your latest resume submitted for this vacancy announcement will be used to determine qualifications and supersedes previous submissions.


In addition to meeting the specialized experience requirements, applicants much also meet the following basic education requirements:

Degree in operations research; or at least 24 semester hours in a combination of operations research, mathematics, probability, statistics, mathematical logic, science, or subject-matter courses requiring substantial competence in college-level mathematics or statistics. At least 3 of the 24 semester hours must have been in calculus.

This position has a positive education requirement, you must provide your transcripts to support your educational claims by the closing date of this announcement. Transcripts may be unofficial copies, but they must come from an accredited college or university, and must also include course names and the number of semester/quarter hours.

All education must be received by an accredited institution recognized by the U.S. Department of Education for it to be credited towards qualifications (particularly positions with an education requirement) therefore, applicants must report only attendance and/or degrees received from schools recognized by the U.S. Department of Education. Applicants may verify accreditation at the following website: .

FOREIGN EDUCATION: Education completed outside of the United States must be deemed equivalent to that gained in accredited U.S. education programs to be acceptable for federal employment. A third party equivalency evaluation must be submitted at the time of application for all foreign education to receive consideration.

Additional information

Condition of Employment: As required by Executive Order 14043, Federal employees are required to be fully vaccinated against COVID-19 regardless of the employee's duty location or work arrangement (e.g., telework, remote work, etc.), subject to such exceptions as required by law. If selected, you will be required to be vaccinated against COVID-19 and submit documentation of proof of vaccination by November 22, 2021 or before appointment or onboarding with the agency, if after November 22, 2021. The agency will provide additional information regarding what information or documentation will be needed and how you can request of the agency a legally required exception from this requirement.

SALARY: Pay will be set within the advertised pay range to align with the selectee's skills and experience and the requirements of the position.

Pay will be set using NCUA's compensation policy. The salary range shown is NCUA's Local Pay Rate (LPR) which includes the locality rate for the Alexandria, Virginia geographical area. Please click here to review all salary ranges based on locality.

This position is not in the bargaining unit.

NOTE: Effective January 1, 2010, OPM must authorize any employment offers we make to current or former (within the last 5 years) political Schedule A, Schedule C, or Non-career SES (political) employees in the executive branch. If you are currently, or have been within the last 5 years, a political Schedule A, Schedule C, or Non-career SES employee in the executive branch, you must disclose that to the point of contact listed on this vacancy announcement.

Illegal drug use by individuals working for or on behalf of the federal government, whether on duty or off duty, is contrary to the efficiency of the service and in direct violation of the Controlled Substance Act and the Drug-Free Workplace Act.

Due to the COVID-19 pandemic, the NCUA's current posture will not require employees to perform official travel or work onsite at NCUA offices until further notice. Employees will receive at least 30 days' notice prior to resumption of mandatory performance of official travel or onsite work.

If it becomes necessary for NCUA to request on-site work, NCUA may solicit volunteers for the assignment. Management reserves the right to request employees to perform on-site work in exigent circumstances.

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. You may register or check the status of your registration by visiting the Selective Service website at: .

NCUA uses E-Verify, a web-based system, to confirm the eligibility of all newly hired employees to work in the United States. Learn more about E-Verify , including your rights and responsibilities.

More than the number of positions listed may be filled through this vacancy announcement