Duties

As a Financial Economist, you will:

• Conduct onsite and offsite bank-specific analyses that relate to compliance risk at financial institutions.
• Apply models to test for violations of consumer regulations such as mortgage discrimination, or improper lending practices, and for unfair and deceptive practices with respect to consumer protection, and ineffective risk management of models with respect to anti-money laundering.
• Provide conclusions by preparing memoranda that evaluate bank compliance with consumer related, and bank secrecy/anti-money laundering regulations. Present such conclusions to bank management and examiners.
• Conduct research and prepare professional papers to be published in peer reviewed academic.
• Respond to requests for economic analysis of issues affecting the banking system, financial and consumer markets, and broad OCC operations from senior management.
• Present and actively participate in relevant conferences and seminars to retain, develop, and enhance econometric, economic, and statistical techniques, theories, and approaches for use in consumer protection, credit access, anti-money laundering and other compliance examination related areas in the financial institutions and markets.
• Initiate and manage consumer and community related and/or economic research projects to facilitate the development and understanding of new techniques for risk measurement components of compliance examination.

Requirements

Conditions 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 8, 2021 or before appointment or onboarding with the agency.
• This position isincluded in the bargaining unit.
• Complete a one-year probationary period (unless already completed).
• Complete a background investigation (unless already completed).
• Complete a Declaration for Federal Employment to determine your suitability for Federal employment.
• 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.
• Travel occasionally to attend meetings, bank exams, 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.
• Successfully complete a background investigation that includes criminal history, financial history (including a credit check) and other information.

Qualifications

You must meet the following requirements by the closing date of this announcement:

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

AND 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-IV band level or GS-11 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. Specialized experience for this position is:
- Conducting research involving the application of economic, financial, or quantitative theories, principles or methods.

NOTE: Examples of research may include:

• Independently planning and conducting financial or economic research projects.
• Experience applying analytical and research techniques (e.g., econometrics, mathematical economics, operations research, benefit-cost analyses, and cost-effectiveness analyses).
• Developing mathematical or statistical models to assess the impact of financial developments on the economy.

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.

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.

Education

Please see Qualifications section for education.

Additional information

• This position is a Step 2 level position within the NB-V pay band. Step 2 level positions are distinguished by additional job complexity, responsibility, and advanced skill levels required by the work.
• Salary range is 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.
• Please refer to "Conditions of Employment."
• Click "Print" to review the entire announcement before applying.