Financial Economist
Department Of The Treasury - Washington, DC

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The Office of the Comptroller of the Currency is among the top places to work in the federal government. The OCC ensures a safe and sound banking system for all Americans and ensures fair treatment and equal access for all national bank customers. Our culture promotes creative and thoughtful contributions by people in all positions, and an environment that values and encourages diversity. If you are an inquisitive, investigative individual with high standards of your own, consider the OCC.

The OCC is a bureau of the U.S. Department of the Treasury, which has a distinguished history dating back to the founding of our nation. As the steward of U.S. economic and financial systems, Treasury is a major and influential leader in today's global economy. We have over 100,000 employees across the country and around the world. Come Join the Department of the Treasury and Invest in Tomorrow.

This position is in the Department of Economics, Credit Risk Analysis Division located in Washington, D.C. As a Financial Economist, in Credit RAD, you will participate in on-site quantitative reviews of bank's decision and capital models, conduct research on issues related to risk modeling, economics, as well as finance.

KEY INFORMATION:

  • If you are a "status applicant" and wish to be considered for this position under both merit promotion and competitive procedures, you must also submit an application under vacancy announcement MP-LS-13-037D . "Status applicants" are individuals who are current or former permanent Federal civilian employees who hold or held non-temporary appointments in the competitive service.
  • Click "Print Preview" to review the entire announcement before applying.

    • KEY REQUIREMENTS
    DUTIES: As a Financial Economist, you will:
    • Conduct on-site and off-site bank-specific reviews of risk measurement systems, decision and capital models in the relevant business context.
    • Initiate independent research projects to facilitate the development and understanding of new techniques for risk measurement and modeling. Such research requires data analysis; information gathering; use of sophisticated economic, econometric, statistical and financial modeling techniques; and presentation of results to both technical and non-technical audiences.
    • Provide analysis and advice on risk-measurement issues to OCC policy makers, by researching and drafting memoranda and position papers in areas of recognized expertise.
    • Represent the division in OCC or interagency working groups that analyze major issues affecting model development, implementation, and validation methods.
    • Review responses to requests regarding OCC policy positions from Congressional staff, officials from other regulatory agencies and the general public to ensure the accuracy of the information provided.

    QUALIFICATIONS REQUIRED: In order for your application to be considered, you must meet the following requirements within 60 calendar days after the closing date of this announcement:
  • Selective Placement Factor: You must have knowledge of quantitative economic modeling and demonstrated ability in evaluating, developing, and conducting advance research to address highly complex applied statistical and econometric issues related to decision modeling.
  • AND
  • Education: 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. 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.
  • AND
  • Specialized Experience: You must have one year of specialized experience at a level of difficulty and responsibility equivalent to the next lower level in the Federal Service. To qualify for the NB-VI level, you must have specialized experience equivalent to the next lower level, NB-V or V.2. 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. Specialized experience for this position includes: advanced knowledge of statistical and econometric modeling techniques related to sample design, model appropriateness, and model validation methods; experience developing statistical/econometric decision, financial valuation, or risk-measurement models; and experience with planning, gathering, analyzing and evaluating models and presenting conclusions to both technical and non-technical audiences.

  • Current OCC employees must have a performance rating of at least Level 3 overall and for all critical performance elements to be eligible for promotion.

    HOW YOU WILL BE EVALUATED: Your application includes your: 1. Resume, 2. Responses to the online questions, and 3. Required documents. 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: Qualified applicants will be evaluated in the following areas:
    • Advanced knowledge of the statistical and econometric concepts and techniques appropriate for modeling various types of financial risk (e.g., credit, market, interest rate, foreign exchange risks).
    • Knowledge of and research experience in the use of statistical and econometric methods and techniques for developing, estimating, and analyzing probability-based risk models.
    • Ability to communicate effectively, both orally and in writing, with both technical and non-technical audiences.
    We may lower your rating if your responses to the online questions are not supported by the education and/or experience described in your application.

    Category Rating will be used to rank and select eligible candidates. If qualified, you will be assigned to one of three categories (Outstanding, Excellent, or Qualified) depending on your experience and education related to this position. Veterans' preference is applied after applicants are assessed. Preference-eligibles will be listed at the top of their assigned category and considered before non-preference-eligibles in that category.

    3. Referral: If you are among the top qualified candidates, your application may be referred to a selecting official for consideration and possible interview. If you are a displaced or surplus Federal employee (eligible for the Career Transition Assistance Plan (CTAP)/Interagency Career Transition Assistance Plan (ICTAP), you must be rated as well qualified to receive special selection priority. "Well-qualified" means that you must be assigned to the Excellent category. We recommend that you preview the online questions for this announcement before you start the application process.

    To preview questions please click here .

    BENEFITS: We offer a workplace that is respectful, fair, and values diversity. Our comprehensive benefits are very generous - helping you to reach your personal goals by supporting your professional growth, health, well-being, and your family needs. Our benefits package includes:
  • Ten 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 of the health insurance premiums;
  • A performance-based merit pay program designed to reward employees for excellent performance;
  • Free OCC dental and vision insurance, long-term disability, and business travel insurance.
  • Learn more about Federal benefits programs, click here and about OCC-specific benefits, click here.

    OTHER INFORMATION:
  • Important information regarding Ethics and Conflicts of Interest: As an employee of the OCC, you will be expected to follow the OCC's ethics rules, which are designed to guard against conflicts of interest that could undermine public confidence in the OCC. If you are currently employed by one of the banks under OCC's supervision, there are mandatory Recusal periods. Additionally, there are prohibitions on owning banking securities. Should you have questions concerning Ethics and Conflict of Interest requirements please contact Human Resources.
  • Relocation benefits will be paid in accordance with OCC's relocation policy. Free real estate information on job locations is available by calling OCC's relocation management firm at 1-877-237-5068.
  • We may select from this announcement or any other source to fill one or more vacancies.
  • CONDITIONS OF EMPLOYMENT: If selected for this position, you will be required to:
  • Complete a one-year probationary period (unless already completed).
  • Complete a Declaration for Federal Employment to determine your suitability for Federal employment.
  • 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.
  • 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 locally or overnight may be required.
  • Obtain and use a Government-issued charge card for business-related travel.
  • File a Confidential Financial Disclosure Report within 30 days of appointment and annually from then on.
  • Successfully complete a background investigation.

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