Surveillance Analyst (Metals)
Commodity Futures Trading Commission - Chicago, IL

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Apply now for an exciting opportunity at the Commodity Futures Trading Commission (CFTC). With an expanded mission and authority to include oversight of the swap markets, the CFTC continues to protect the American public by promoting market integrity, transparency and preventing and prosecuting fraud, manipulation and other abuse in the futures and options markets. Please visit www.cftc.gov to learn more about the CFTC.

Relocation expenses will not be paid.

This position is located in the Surveillance Branch which is responsible for the development, management and evaluation of the Commission’s daily market surveillance and compliance programs. This surveillance function supports the Commission’s mandate “to deter and prevent price manipulation or any other disruptions to market integrity”, as mandated in Section 3 of the Commodity Exchange Act (CEA).
    KEY REQUIREMENTS
  • U.S. Citizenship.
  • Background/Security Investigation.
  • Males born after 12-31-59 must be registered for Selective Service

DUTIES: As a Surveillance Analyst in the Surveillance Branch of the Division of Market Oversight you will be primarily responsible for providing expert analysis, technical direction and assistance to the Division on metals (precious metals and base metals) commodities. Major duties include:

Providing expert advice and technical direction on analysis of metals commodities.

Developing new analytical techniques and automated tools to evaluate and visualize these trading techniques from the CFTC datasets by using appropriate statistical and econometric techniques, considerable information technology skills to mine large databases of trading activity, and by maintaining a continuing awareness of market activities.

Preparing operating procedure guidelines, policy recommendations, and briefings concerning algorithmic and high frequency trading.

Leading economic and statistical analyses of price artificiality, abnormal trading patterns, unusual price behavior, and other market related problems which impact upon the surveillance of CFTC regulated commodities/instruments.

Collaborating with key officials of the industry, other affected government agencies, and academia to maintain a mutual awareness of significant trading technique developments.

QUALIFICATIONS REQUIRED: GS-13: To qualify for the GS-13, your résumé must demonstrate at least one year of specialized experience equivalent to the GS-12 level in the Federal service, or comparable experience not gained through federal service.

Examples of specialized experience include:

Practical understanding of commodity markets (futures, options, swaps and physical) associated with metals products in order to fully grasp the meaning and significance of specific information received from entities reporting data to the Commission.

Experience in developing new analysis techniques, automated tools, data visualizations, data analysis, and mining of very large databases.

Knowledge of economic and statistical theories and trading techniques relating to the commodity markets and related cash markets.

Expert knowledge of physical and derivative trading of energy and/or metals commodities.

Practical understanding of commodity futures and options trading data to fully grasp the meaning and significance of specific information received from entities reporting data to the Commission.

Expert knowledge of economic and statistical theories for commodity and cash markets associated with metals (precious metals and base metals).

Expert knowledge of trading techniques across all commodity markets related to metals (futures, options, swaps and physicals).

Applicants should be able to utilize their expert knowledge related to metals markets under the Commission's jurisdiction to detect and analyze market disruptions, as well as identify trade practice violations.

Applicants should be able to discuss, as an expert, the metals industry as well as price relationships across all related markets.

Ability to interpret and apply the Commission's regulations so that they can be incorporated within and/or subject to economic and statistical analyses.

Ability to discuss trading and market situations with market participants and Exchange staff to assist in the identification of trading behavior or intentions.

Skill in the use of software applications for the analysis, reporting, and visualization of data contained in the Commission databases and to develop working software prototypes for advanced analytics capabilities.

Strong ability in communicating difficult concepts both orally and in writing and to read and comprehend highly technical documents.

Ability to carry on discussions with other technical staff and to be able to relate the results of studies to all appropriate personnel levels and to effectively communicate with other Commission and industry staff.

Please submit a cover letter along with your resume. Your cover letter and resume should provide information on your:

Experience in metals commodities especially as it pertains to commodity futures, options, swaps and physicals.

Knowledge of the commodity futures and option markets; economic and derivatives trading theory; derivatives exchanges, and short- and long-term economic analysis of market performance as they relate to metals commodities.

Ability to deal effectively as a representative for the CFTC with officials of other government agencies, trade associations, futures exchanges, and futures market participants regarding market surveillance issues (such as attempted manipulations, corners or squeezes) and other issues related to commodity futures and options.

Skill in developing new analysis techniques, automated tools, data visualizations, data analysis, and mining of very large databases.

Experience in policy development, documentation of operating procedures and guidelines, and formal presentations.

Experience in leading economic and statistical analyses of trading.

Ability to collaborate with a wide variety of entities in the financial industry to maintain state of the art knowledge.

HOW YOU WILL BE EVALUATED: Your resume and supporting documentation will be used to determine whether you meet the job qualifications listed on this announcement. If you are minimally qualified for this job, your resume and supporting documentation will be compared to your responses on the online assessment questionnaire. If you rate yourself higher than is supported by your application materials, your responses may be adjusted and/or you may be excluded from consideration for this job. If you are found to be among the top candidates, you will be referred to the selecting official for employment consideration.

To preview questions please click here .

BENEFITS: We offer a comprehensive benefits package that includes, in part, paid vacation, sick leave, holidays, life insurance, employer paid dental, medical benefits, Life Cycle Fund and participation in the Federal Employees Retirement System. Explore the major benefits offered to CFTC employees at http://www.cftc.gov/About/Careers/EmployeeBenefits/index.htm .

OTHER INFORMATION: Relocation. Relocation expenses will not be paid.

Time-in-Grade. You must meet time-in-grade requirements within 30 days of the closing date of this announcement.

Interagency Career Transition Assistance Program (ICTAP). The ICTAP provides eligible displaced federal competitive service employees with selection priority over other candidates for competitive service vacancies. If your agency has notified you in writing that you are a displaced employee eligible for ICTAP consideration, you may receive selection priority if: 1) this vacancy is within your ICTAP eligibility, 2) you apply under the instructions in this announcement, and 3) you are found well-qualified for this vacancy. To be well qualified, you must score 85 or better on established ranking criteria. You must provide proof of eligibility with your application to receive selection priority. Additional information about ICTAP eligibility is at: http://www.opm.gov/ctap/index.asp.ICTAP candidates MUST submit:

  • A copy of their agency reduction-in-force notice;
  • A copy of your most recent Performance Rating;
  • A copy of your most recent SF-50 noting current or last position held, the grade level, and the duty location; and
  • A copy of your notice of proposed removal for declining a directed reassignment or transfer of function outside the local commuting area or documentation showing you were separated as a result of RIF or declining a directed reassignment or transfer of function outside the local commuting area.
  • Career Transition Assistance Program (CTAP). Provides eligible surplus and displaced competitive service employees in the CFTC with selection priority over other candidates for competitive service vacancies. If CFTC has notified you in writing that you are a surplus or displaced employee eligible for CTAP consideration, you may receive selection priority if: 1) this vacancy is within your CTAP eligibility, 2) you apply under the instructions in this announcement, and 3) you are found well-qualified for this vacancy. To be well qualified, you must rate equivalent to the Well Qualified or better category using established rating criteria. You must provide a copy of your written notification of CTAP eligibility with your application. Additional information about CTAP eligibility is at: http://www.opm.gov/ctap/index.asp .

    EEO Policy Statement. The United States Government does not discriminate in employment on the basis of race, color, religion, sex, national origin, genetic information, political affiliation, sexual orientation, marital status, disability, age, membership in an employee organization, or other non-merit factor.

    Reasonable Accommodation. Federal agencies must provide reasonable accommodation to applicants with disabilities where appropriate. Applicants requiring reasonable accommodation for any part of the application and hiring process should contact the hiring agency directly. Determinations on requests for reasonable accommodation will be made on a case-by-case basis.

    Veterans Employment Opportunities Act (VEOA). VEOA allows eligible veterans to apply and compete for position announced under merit promotion procedures when the hiring agency is recruiting from outside its own workforce. To be eligible for a VEOA appointment, a veteran must be honorably separated and either a preference eligible or have substantially completed (3) or more years of continuous active military service. If you are applying for a Merit Promotion announcement and wish to be considered under the VEOA, you must submit a copy of the Member Copy 4 of your DD-214, in addition to any other required documents listed on this vacancy announcement.

    The law prohibits public officials from appointing, promoting, or recommending their relatives. The law prohibits requesting, making, transmitting, accepting, or considering political recommendations for employment or other personnel actions for non-political positions. This includes recommendations from Members of Congress, Congressional employees, elected state or local officials, and political party officials and any recommendation based on party affiliation.

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