Duties

As a Research Economist you will:

-Serve as an Office Financial Research expert and subject-matter expert directing research analysts using applied sciences to perform economic and statistical modeling of financial system problems and numerical analysis; analyze economic, statistical and/or mathematical models; develop computational methods and computer codes; and compares the computational results with observations or experiments. Writes code to test ideas or to generate software and numerical results supporting theories.

-Take the lead or is independently responsible for the initiation, planning, implementation, control, modification and execution of all components of statistical and economic modeling research projects and assignments, including such tasks as specification of the methodology to be used, and preparation of appropriate procedures, specifications and materials needed for assuring the adequacy of the study's design. Assume full technical responsibility for interpretation and application of findings.

-Serve as an organizational expert in developing research projects and programs, including theoretical and computational algorithms to solve difficult problems. Take the lead on studies involving general problems of optimizing linear and nonlinear functions subject to linear and nonlinear constraints.

-Coordinate and consult with high-ranking and senior management officials within the Office, Treasury, other agencies, and external stakeholders, as appropriate, regarding major initiatives, actions accomplished, milestones to be achieved, and any issue or problems of significance.

Requirements

Conditions of Employment

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.
Key Requirements:

Please refer to "Conditions of Employment."

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Must be U.S. Citizen or U.S. National

Public Trust background investigation will be required

All new hires will be required to comply with federal ethics laws. A review of financial or other interests may be conducted to determine if they create any real or apparent conflict of interests with official Treasury duties.

Qualifications

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

Specialized experience for the Band 70 (GS 15): An applicant must have one year of specialized experience, equivalent to at least the (BAND 60) (GS-14) in the Federal service.
Specialized experience for this position includes:

- Producing major reports and briefing materials on financial market and financial institution topics related to financial stability; AND
- Writing research papers published in academic, peer-reviewed journals related to economic or topics on financial markets, financial institutions, or financial stability; AND
-Leading researcher and analyst teams on projects, coordinating organization resources and process improvements.

Examples that meet the specialized experience include:
-Serving as a senior subject matter expert and project lead on reports or initiatives related to financial stability, monetary policy, or other macroeconomic issues or conditions. OR
-Applying quantitative analytical and research techniques to examine questions concerning financial market and financial institution issues relevant for financial stability and writing or co-authoring papers based on that research that have been published in a relevant academic, peer-reviewed journal or a government working paper series. OR
- Developing reports and briefing materials of financial or statistical analysis and trends for presentation to senior leaders.

Examples that do not meet the specialized experience include:
-Experience related to budgeting, corporate financial analysis, accounting, cost-benefit analysis, cost effectiveness, procurement, data management, data operations, IT management of data, operations research, marketing research, equity or fixed income or other securities analysis; AND/OR
-Experience as a minor contributor to an organization's reports and publications; AND/OR
-Teaching experience below the college or university level and/or outside the fields of economics, finance, or mathematics.

Research experience on topics related to financial stability is preferred but not required.

Education

Education Requirements:

Basic Requirements for Economist, 0110:

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

Basic Requirements for Mathematician, 1520:

A. Degree: mathematics; or the equivalent of a major that included at least 24 semester hours in mathematics.
or
B. Combination of education and experience -- courses equivalent to a major in mathematics (including at least 24 semester hours in mathematics), as shown in A above, plus appropriate experience or additional education.

Basic Requirements for Statistician, 1530:

Degree: that included 15 semester hours in statistics (or in mathematics and statistics, provided at least 6 semester hours were in statistics), and 9 additional semester hours in one or more of the following: physical or biological sciences, medicine, education, or engineering; or in the social sciences including demography, history, economics, social welfare, geography, international relations, social or cultural anthropology, health sociology, political science, public administration, psychology, etc. Credit toward meeting statistical course requirements should be given for courses in which 50 percent of the course content appears to be statistical methods, e.g., courses that included studies in research methods in psychology or economics such as tests and measurements or business cycles, or courses in methods of processing mass statistical data such as tabulating methods or electronic data processing.

or

Combination of education and experience -- courses as shown in A above, plus appropriate experience or additional education. The experience should have included a full range of professional statistical work such as (a) sampling, (b) collecting, computing, and analyzing statistical data, and (c) applying statistical techniques such as measurement of central tendency, dispersion, skewness, sampling error, simple and multiple correlation, analysis of variance, and tests of significance.

The education generally must be from an accredited (or pre-accredited) college or university recognized by the U.S. Department of Education. If you are qualifying based on foreign education, you must submit proof of creditability of education as evaluated by a credentialing agency. Refer to the OPM instructions .

Additional information

OTHER 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.
• Relocation expenses will not be paid.
• We offer opportunities for telework per agency policy.
• We offer opportunities for flexible work schedules.

CONDITIONS OF EMPLOYMENT:

• A one year probationary period may be required.
• Public Trust - Background Investigation will be required.
• Complete a Declaration for Federal Employment to determine your suitability for Federal employment, at the time requested by the agency.
• Have your salary sent to a financial institution of your choice by Direct Deposit/Electronic Funds Transfer.
• 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.
• 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.
• File a Confidential Financial Disclosure Report within 30 days of appointment and annually from then on.

Our comprehensive benefits are very generous. Our benefits package includes:

• Challenging work, opportunities for advancement, competitive salaries, bonuses and incentive awards.
• Eleven paid holidays, 13 days of sick leave, and 13 to 26 days of vacation time each year.
• Access to insurance programs that may be continued after you retire.
• A wide choice of health insurance plans, coverage for pre-existing conditions, and no waiting periods. We pay a substantial amount (up to 75%) of the health insurance premiums.
• A retirement program which includes employer-matching contributions.
• Learn more about Federal benefits programs at: https://help.usajobs.gov/index.php/Pay_and_Benefits