The Office of Clearance and Settlement (OCS) within the Division of Examinations is filling one position for a Quantitative Research Analyst (Financial Engineer), 1501-14 in Atlanta, GA, Boston, MA, Chicago, IL, Denver, CO, Fort Worth, TX, Los Angeles, CA, Miami, FL, New York, NY, Philadelphia, PA, Salt Lake, UT, San Francisco, CA or Washington, DC.

Duties

At the Securities and Exchange Commission (SEC), we are committed to diversity, equity, inclusion and accessibility (DEIA) and value a workforce that reflects the diverse experiences and perspectives of the communities we serve. As such, we welcome applications from qualified individuals of all backgrounds who share our commitment to public service. The Office of Clearance and Settlement (OCS) within the Division of Examinations is responsible for examining all registered clearing agencies, swap data repositories, and entities performing clearing functions (i.e. matching services). This position will be responsible for analyzing complex and quantitatively-driven risk management areas such as margin systems, liquidity, default management, and model risk management. As a Quantitative Research Analyst (Financial Engineer), you will: Communicate highly technical concepts and issues, including model parameters, to non-technical audiences in an examination context; Analyze large volumes of quantitative and qualitative data from different sources for examining the effectiveness of back-testing and stress testing; Serve as a financial management analyst performing a wide range of independent analysis of mathematical and risk systems and processes; Perform examinations to determine compliance to policy and procedure of the design and build of key quantitative systems, including margin models and clearance and settlement systems; Develop and present authoritative analysis and reports resulting from examinations of the quantitative models used in risk management of clearing agencies and other related entities; Identify deficiencies and areas that need improvement in quantitative models, including the empirical methodology and statistical inference used in these models and Provide on-going support for the twice yearly risk assessment of complicated registrants that are significant clearing agencies for both US and international markets.

Requirements

• You must be a US Citizen.
• Application procedures are specific to this vacancy announcement. Please read all the instructions carefully. Failure to follow the instructions may result in you not being considered for this position.
• Supplementary vacancies may be filled in addition to the number stated in this announcement.
• This position has promotion potential to the SK-14.
• PROBATIONARY PERIOD: This appointment may require completion of a one-year probationary period.
• SECURITY CLEARANCE: Entrance on duty is contingent upon completion of a pre-employment security investigation. Favorable results on a Background Investigation may be a condition of employment or selection to another position.
• DRUG TESTING: This position may be subjected to drug testing requirements.
• PERMANENT CHANGE OF STATION (PCS): Moving/Relocation expenses are not authorized.
• DIRECT DEPOSIT: All Federal employees are required to have Federal salary payments made by direct deposit to a financial institution of their choosing.
• This position is in the collective bargaining unit.
• This position is eligible to request telework in accordance with the SEC 's telework policy.

Qualifications

All qualification requirements must be met by the closing date of this announcement. Time-in-grade for this announcement is one year at the GS/SK-13 level. Qualifying experience may be obtained in the private or public sector. Experience refers to paid and unpaid experience, including volunteer work done through National Service programs (e.g., Peace Corps, AmeriCorps) and other organizations (e.g., professional; philanthropic; religious; spiritual; community, student, social). Volunteer work helps build critical competencies, knowledge, and skills and can provide valuable training and experience that translates directly to paid employment. You will receive credit for all qualifying experience, including volunteer experience. BASIC REQUIREMENT: Applicant must show successful completion of a full four-year course of study in an accredited college or university leading to a bachelor's or higher degree in mathematics, statistics, and actuarial science. The degree must be in a major field of study (at least at the baccalaureate level) that is appropriate for the position; -- OR -- An appropriate combination of education and experience: Courses equivalent to a major field of study as shown in the paragraph above, plus additional education or appropriate experience. Examples of qualifying experience include: applying financial engineering concepts; analyzing financial documents; preparing statistical reports on financial data; developing computer-based programs to statistically analyze data; reviewing and analyzing financial data. MINIMUM QUALIFICATION REQUIREMENT: In addition to meeting the basic requirement, applicants must also meet the minimum qualification requirement. SK-14: Applicant must have at least one year of specialized experience equivalent to the GS/SK-13 level: Applying the theories, principles, and processes of quantitative research; AND Interpreting financial and securities industry data; AND Independently developing, maintaining, and/or validating models used for forecasting, valuation, instrument strategy selection, portfolio construction or risk management using modern software languages such as Python, R, C/C++/C#, kdb+/q in UNIX/Shell environments; AND Independently manipulating large data sets to develop hands-on programmatic applications of probability and statistics.

Education

ARE YOU USING YOUR EDUCATION TO QUALIFY? You MUST provide transcripts or other documentation to support your educational claims. Unless otherwise stated: (1) official or unofficial transcripts are acceptable, or (2) you may submit a list with all of your courses, grades, semester, year, and credit for the course. All materials must be submitted by the closing date of the announcement.

FOREIGN EDUCATION: If you are using education completed in foreign colleges or universities to meet the qualification requirements, you must show the education credentials have been evaluated by a private organization that specializes in interpretation of foreign education programs and such education has been deemed equivalent to that gained in an accredited U.S. education program; or full credit has been given for the courses at a U.S. accredited college or university. For further information, visit: http://www.ed.gov/about/offices/list/ous/international/usnei/us/edlite-visitus-forrecog.html

Contacts

• Address Division of Examinations 100 F Street NE Washington, DC 20549 US
• Name: ask HR
• Email: [email protected]