Do you want to be a leader in your field at the Consumer Financial Protection Bureau (CFPB) – a groundbreaking organization solely devoted to the economic strength and vitality of American Families? Do you want to challenge yourself and others? If you answer "Yes", then we have a career for you! CFPB professionals have unparalleled opportunities to expand horizons for themselves and for the nation. Be one of the founding members of an agency that will make a difference in the lives of everyday American families!
This position is located in the Consumer Financial Protection Bureau (CFPB) , Office of Enforcement. The purpose of this position is to serve as a Financial Analyst, providing technical expertise and support to enforcement activities by analyzing and interpreting complex financial data and practices of depository and non-depository institutions under investigation or in litigation. The Financial Analyst provides expert advice to attorneys regarding financial practices of regulated institutions that may constitute violations of consumer financial protection laws.
May be required to serve a probationary period. DUTIES:The major duties of this position include:
Conducting statistical analyses using data collected from depository and non-depository institutions to detect violations of consumer financial protection laws.
Developing econometric models and applying statistical analyses to estimate various measures of damages, and also appropriate consumer restitution, disgorgement of profits, and monetary penalties as a result of violations of consumer financial protection laws.
Developing applications to assist in analysis and presentation of financial evidence.
Cleaning and manipulating large, complex datasets to prepare data for statistical analysis using statistical software packages, such as SAS, STATA, SPSS, Matlab, and/ or SQL. Preparing written analyses and reports, and making presentations of findings/ results to enforcement attorneys and management; an ability to clearly explain technical concepts to attorneys, Enforcement Office and Bureau management, and others both with and, especially, without technical backgrounds.
Preparing demonstrative exhibits, such as graphs and charts, using complex financial data.
Identifying the various types of data to be sought from a depository or non-depository institution in order to conduct the necessary analyses to further an investigation; developing data requests as necessary.
You must meet eligibility and qualification requirements within 30 days of the closing date.
You must answer all job-related questions in the job questionnaire.
You must meet the minimum education requirements described in “Qualifications.”
You MUST submit a copy of your transcripts or a list of courses showing title, number of credits, grade, and date of completion.
You must meet the basic education requirements plus the specialized experience required for this position.
Basic Requirements for Statistician: 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. OR Combination of education and experience: Courses as shown above, plus appropriate experience or additional education. The education generally must be from an accredited (or pre-accredited) college or university recognized by the U.S. Department of Education.
In addition to completion of all requirements for a bachelor's degree in one of the fields described above (or statistician), applicants must also meet the following specialized experience and/or education requirements:
Specialized Experience for the CN-53 level: To qualify at the CN-53 level, you must have one year of specialized experience at or equivalent to the CN-52 level in the Federal service. (For qualification purposes, the CN-52 level is broadly equivalent to the GS-12 level.) For this position, specialized experience may be defined as: Significant experience developing econometric models and applying statistical analyses to analyze data; developing quantitative models to calculate consumer restitution, disgorgement of profits, monetary penalties, or damages; preparing written reports and making presentations to attorneys, and other individuals with non-technical backgrounds, including members of a senior management team, about the conclusions drawn from econometric models or statistical analyses; programming at an advanced level using SAS, STATA, Matlab, or SPSS to conduct statistical analysis, and to clean and manipulate large complex data sets; developing data requests in furtherance of litigation; and preparing demonstrative exhibits - such as graphs and charts - using complex data, and articulating the meaning of these exhibits in a manner understandable to people with a non-technical background.
Experience working as an expert witness or consulting expert in support of litigation, and experience working with bank or financial software systems is preferred.
The experience may have been gained in either the public or private sector. One year of experience refers to full-time work; part-time work is considered on a prorated basis. HOW YOU WILL BE EVALUATED:
Your application includes your:
2. Responses to the online questions,
3. Required supporting documents;
4. Cover letter (optional).
Note: If a cover letter is submitted, it may be used to assess your qualifications.
We use a multi-step process to evaluate and refer applicants:
1. Minimum Requirements : Your application must show that you meet all requirements, including the education and/or experience required for this position. You may be found "not qualified" if you do not possess the minimum competencies required for the position. If your application is incomplete, we may rate you as ineligible.
2. Rating : Your application will be evaluated against your responses to the occupational questionnaire. You may also be further evaluated using additional assessment processes:
Experience and skill developing econometric models and applying statistical analyses to analyze data, along with experience and skill developing quantitative models to calculate consumer restitution, disgorgement of profits, monetary penalties, or other remedies.
Skilled in preparing formal detailed written reports and presentations that explain data findings, data analyses, analytical methodologies, econometric models and other data models to individuals with non-technical backgrounds, with a particular focus on data derived from financial institutions; skill in verbally presenting research results, research methodology, data analyses, econometric models and other data models to individuals with non-technical backgrounds (Based on submitted writing sample).
Experience reviewing and analyzing complex data in the course of investigations or litigation concerning financial services; skilled in helping attorneys and others with non-technical backgrounds formulate queries regarding data findings, data analysis, data gathering, analytical methodologies, and data modeling as part of investigations or litigation, especially in preparation for written discovery, depositions, court hearings or matter-specific meetings; skilled in helping attorneys and others with non-technical backgrounds analyze data findings, data gathering techniques, analytical methodologies, and data modeling.
Significant programming skill and experience using SAS, STATA, MatLab or SPSS to conduct statistical analyses and to clean and manipulate large complex datasets.
Category rating procedures will be used to rank and refer eligibles. Based on your responses to the online questionnaire, you will be assigned a score. Your score will determine in which of the three categories you will be placed: Categories A, B, or C. Under this process, veterans will be assigned to the appropriate category (without additional preference points) and then placed at the top of their category.
Review your resume and responses carefully. Responses that are not fully supported by the information in your application package may result in adjustments to your score. A human resources representative will validate the qualifications of those candidates eligible to be referred to the selecting official. Your resume will be among the factors used in setting your pay, should you be made an offer of employment. Please ensure that it fully describes your experience as it relates to the position for which you are applying.
3. Referral : If you are among the top qualified candidates, your application will be referred to a selecting official for consideration and possible interview. If you are a displaced or surplus Federal employee (eligible for the Interagency Career Transition Assistance Plan (ICTAP) ), you must receive a score of 90, or higher, in order to be considered as well-qualified to receive special selection priority. We recommend that you preview the online questions for this announcement before you start the application process.
To preview questions please click here .
Our comprehensive benefits are among the most generous in the federal government. They include:
Challenging and rewarding work benefiting American consumers
Opportunities for development and advancement
Extremely competitive salaries
Access to comprehensive Federal health, vision, dental, life, and long-term care insurance programs
Additional access to CFPB-specific vision, dental, short- and long-term disability, and insurance programs while you work at CFPB
Ten paid holidays, 13 days of sick leave, and 13-26 days of vacation time each year
Accelerated annual leave accrual rates for non-executive staff and an increased annual leave carryover ceiling as compared to other federal agencies
Public Transit Incentive Program (PTIP)
Employee Assistance Program (EAP)
Emergency Child Care Access (Contracted Service)
Alternative Work Schedule and Telework access
The CFPB offers its own FSA Program. As a result CFPB employees are not eligible to participate in FSAFEDS. If you are currently participating in FSAFEDS and you accept a position with CFPB, in order to continue participation in a FSA for the year you must enroll in the CFPB FSA program. You are eligible to incur expenses against your FSAFEDS account(s), up to your separation date from your current agency. In addition you will have until April 30 th of the year following your separation from your current agency to get the expenses that were incurred, reimbursed through FSAFEDS. Any balance that remains in your FSAFEDS account after all eligible expenses have been incurred and reimbursed will be forfeited. Due to IRS regulations, you are not able to transfer your FSAFEDS contributions into a CFPB FSA Account. If you have questions please contact FSAFEDS at 1-877-FSAFEDS. OTHER INFORMATION:
We may select from this announcement or any other source to fill one or more vacancies.
This announcement may be used to fill like positions in other organizations within the Consumer Financial Protection Bureau.
All candidates will be considered without regard to any non-merit reasons such as race, color, religion, sex, age, national origin, lawful political affiliation, marital status, disability, sexual orientation, protected genetic information, parental status, membership in an employee organization, or other non-merit factors.
If you are a male applicant born after December 31, 1959, certify that you have registered with Selective Service System or are exempt from having to do so.
Relocation expenses will not be paid.
This position is eligible for bargaining unit representation.
Ethics: CFPB employees are subject to government-wide ethical standards of conduct, financial disclosure requirements, and post-employment prohibitions, which applicants may review at www.oge.gov. In addition, CFPB employees must comply with the Supplemental Standards of Ethical Conduct for Employees of the Bureau of Consumer Financial Protection (5 CFR 9401), which, among other things, prohibit an employee or the employee’s spouse or minor child from owning or controlling a debt or equity interest in an entity supervised by CFPB. CFPB’s regulations also impose restrictions on the outside activities of certain Bureau employees, including examiners and attorneys. Applicants may review the CFPB ethics regulations and a summary of the regulations at www.consumerfinance.gov. Questions regarding these requirements and prohibitions should be directed to the CFPB Ethics Office at EthicsHelp@cfpb.gov.