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 American families!
This position is located in the Consumer Financial Protection Bureau, Research Markets and Regulation Division, Office of Credit Information, Collections and Deposits Markets. This Office is responsible for monitoring company and industry developments and coordinating CFPB policy formulation related to consumer financial products in the markets for deposits and checking accounts, money services, debt collections and credit reporting. You will participate in conducting well-defined research and analysis of consumer financial market conditions and/or financial performance to help guide CFPB policies, priorities, and resources. You will produce presentations, reports, memos and other written products that synthesize the data and summarize the analysis and conclusions.
May be required to serve a probationary period.
Minimal travel required.
The following are the duties at the CN-40 level. (Equivalent to the GS-09). 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.
The major duties of this position include:
Perform collection and analysis of company financial and other data from the Office’s covered industry segments and related data on consumer segments to generate business insights or gauge product costs and profitability.
Perform statistical calculations to support research and monitoring of market developments. Calculate useable operating and business metrics, including risk adjusted profit margins, loss and allowance ratios, risk and delinquency metrics, and other statistics, and/or costing models, capital structure, and other retail financial services related evaluation statistics.
Apply a variety of financial, economic, statistical and other analytical techniques to collect data that is used by more senior specialists to support and contribute to their research and policy development work.
Use standard statistical software packages to analyze large data sets. Document the analyses performed to ensure that future verification and replication of results can take place. Provide feedback and suggestions on analyses and, as directed, implement improvements.
Draft written segments of reports to be used by higher-level analysts in the preparation of papers and presentations. Collect, analyze, and interpret financial and economic data to support findings.
Monitor developments in laws, regulations, policies, enforcement and other programs related to consumer financial protection and to identify emerging issues. Participate in the development of policy proposals to respond to such issues, including helping prepare testimony and responses to Congressional inquiries.
Verify facts in written statements and documents prepared by Office staff members.
Draft responses to routine requests for data and information relating to the Office’s covered markets from the public, press, Congressional offices, or other government agencies.
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.
Education may be substituted for experience as described in “Qualifications.”
Specialized Experience for the CN-30 level: To qualify at CN-30, you must have one year of specialized experience at or equivalent to the CN-22 level in the Federal service. (For qualification purposes, the CN-22 level is broadly equivalent to the GS-04 level ). You must have three years of progressively responsible experience that provided knowledge of accounting or financial principles sufficient to learn and perform the duties of a Financial Analyst. Qualifying experience may have been gained through work in a financial institution reviewing data and documents and recommending or approving loan applications or assisting customers with issues regarding their financial statements, assisting with complaints regarding charges and credits and/or terms and situations associated with financial transactions, or performing data transactions and reporting on financial activity data related to types, volume and/or amounts of financial transactions; OR
Undergraduate education may be substituted for all or part of the experience required for CN-30, as follows: Completion of all requirements for a bachelor’s degree, or a combination of undergraduate education and experience that together meet the requirements for this position. Undergraduate education qualifying for this position must have had a major in accounting, auditing, banking, business administration, commercial or banking law, economics, finance, marketing, statistics or other field related to this position and must have provided the knowledge and skills necessary for successful job performance. Undergraduate study in the specified fields may be substituted for experience at the rate of one academic year of education (30 semester hours or 45 quarter hours) for 9 months of experience.
Specialized Experience for the CN-40 level: To qualify at CN-40, you must have one year of specialized experience at or equivalent to the CN-30 level in the Federal service. (For qualification purposes, the CN-30 level is broadly equivalent to the GS-07 level ). For this position, specialized experience is defined as experience applying financial theory and the principles of business management operations and practices to analyze and evaluate financial and business transactions of companies or other entities. Experience exhibits understanding of market research, financial reports and reporting systems, and financial statement analysis.
Examples of work that might indicate possession of the specialized experience include, but are not limited to, the following:
Doing company financial statement analysis at the company and industry level in order to depict the profit and return on investment characteristics of industry over time.
Using standard statistical software packages to compile, organize, and/or analyze large data sets of consumer or company information.
Serving as a research analyst or assistant for a professor or another professional, collaborating on the development of a published article in an academic journal or a major business or trade publication; OR
You must have a master’s or equivalent degree or two full academic years of progressively higher level graduate education leading to such degree from an accredited college or university, with a major in finance, business administration, economics, accounting, insurance, engineering, mathematics, banking and credit, law, real estate operations, statistics or other field related to this position.
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.
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.
Qualified veterans with a service-connected disability of 10% or more will be placed at the top of the highest quality 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 be rated in Category B, 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
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.
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.
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.