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) , Card Markets team, Research, Markets, and Regulations Division. This organization is reponsible for conducting financial analyses and market assessments regarding consumer financial product and service markets to assist in the identification and evaluation of consumer protection and industry trends involving credit cards, prepaid debit cards, or the payments business; informing CFPB staff of findings; and, assisting in the development and execution of policy initiatives led or supported by Card Markets. The ideal candidate will: possess solid knowledge of financial theory and principles, business management operation and practices; demonstrate application of strong analytical and evaluation skills to financial markets and financial performance of market participants using databases, market research, financial reports and reporting systems, and financial statement analysis; and, exhibit well-developed communication and collaboration abilities.
- Background investigation
- U.S. citizenship
- May be required to serve a probationary period.
The major duties of this position include:
- Analyzing and evaluating financial and operational data for market participants. Collecting, validating and transforming data from a variety of primary public and non-public information sources to develop insight into industry business models including both revenues and cost structures.
- Drafting recommendations as to whether additional research or CFPB actions are required.
- Preparing quarterly business reviews, industry updates, and industry/market primers that provide information on relevant business models and practices including cost accounting methods, financial instruments used, and setting interest rates.
- Assisting in development of policy recommendations or ideas based on data analysis.
- Maintaining databases of information pertaining to market participants and industry trends, and providing ad hoc querying support for specific requests made by senior staff members as directed.
- Developing measures for quantifying risks to consumers and markets in consumer lending markets and consumer risk analytics for monitoring of depository and non-depository institutions.
- Calculating and interpreting operating and business metrics, including risk adjusted profit margins, loss and allowance ratios, risk and delinquency metrics, and other portfolio related evaluation statistics, and/or costing models, capital structure, and other retail financial services related evaluation statistics.
- Monitoring developments in laws, regulations, policies, procedures, and other programs related to financial services to identify emerging issues.
- Working with other departments such as Supervision and Enforcement within CFPB to integrate their input into market analysis and market monitoring processes.
- Working with other financial regulatory agencies in the Federal Government to assure that their input is obtained and analyzed in the economic research and monitoring processes.
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.
Specialized Experience for the CN-53 level: To qualify at CN-52, 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 is experience:
NOTE: 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.
- Utilizing a variety of analytical methods, procedures, and tools to conduct complex financial analyses and market assessments regarding one or more markets for consumer financial products and services, such as credit cards, auto finance, prepaid debit cards, usecured consumer loans, or the payments business.
- Performing data analysis and evaluation of relevant market or markets
- Working with SEC filings, financial statements, and public earnings releases
- Working with complex loan-level or transaction-level data sets (for example, internal company data, credit bureau, GSE, or Moody's data sets)
- Applying quantitative techniques to data sources and driving insight out of those data
- Demonstrating proficiency in Excel, financial modeling, or multivariate statistical analysis using tools such as SAS
- Using data to communicate results and influence decisions; and analyzing developments
- Analyzing developments in the relevant market or markets
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.
Your application will be evaluated in the following areas:
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.
- Knowledge of financial theory and principles and business management operation and practices and the ability to apply them to analyze and evaluate the financial and business transactions of firms, companies, and other entities of the consumer financial markets.
- Ability to analyze financial markets and the financial performance of market participants using databases, market research, financial reports and reporting systems, and financial statement analysis.
- Technical proficiency in Excel, PowerPoint, and other core software packages necessary for supporting Market trams in-person and written to internal and external constituencies.
- Interpersonal skills, including effective written and oral communication skills in order to write reports, make presentations, exchange information and collaborate with others.
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
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.
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.