This position is located at Departmental Offices,Domestic Finance-Office of Financial Research. As a Research Economist, you will be providing expertise as a subject-matter expert (SME) on specific datasets or econometric and statistical techniques applied in the financial sector, including but not limited to economic and financial modeling, Monte Carlo simulation, natural language processing techniques, and advanced time series regression.

Duties

As a Research Economist, you will: Plan and conduct research projects, including short and long-term research assignments, broad systemic risk measurement and monitoring, and identifying and evaluating innovation and its impact on financial markets, institutions, and the economy. Develop, identify, and apply appropriate statistical models and empirical techniques to analyze and assess the potential impact of financial, economic, political, and technological developments, as well as existing or proposed policies on the financial system. Work with other analysts both within and outside the OFR to monitor and assess the significance of current and future financial, economic, political, and technological developments, including producing memos and papers on such developments, occasionally under tight time constraints.

Requirements

Qualifications

This is an open continuous announcement with the following cut dates to review applications packages: November 8, 2023 December 20, 2023 January 10, 2023 January 31, 2023 February 21, 2023 March 13, 2023 March 27, 2023 You must meet the following requirements by the closing/cut date of this announcement. Specialized experience for the Band 53, (GS 13): An applicant must have one year of specialized experience at or, equivalent to at least the Band 52 (GS-12) in the Federal service. Specialized experience for this position includes: -Planning, conducting, and completing economic or financial research papers, not required or submitted for course requirements, using economic data or developing economic models on topics related to financial markets, financial institutions, or financial stability. Examples of such experience might include: -Serving as a research assistant at a college or university for work led by a faculty member or professor on topics regarding financial markets, financial institutions, or financial stability, or independently planning, conducting, and executing research on such topics; OR -Serving as a teaching assistant for a college or graduate-level course in economics, finance, or mathematics led by a faculty member or professor, or independently planning and teaching a college or graduate-level course in those fields; OR -Applying quantitative analytical and research techniques to examine questions concerning financial markets, financial institutions, or financial stability, and writing or co-authoring papers based on that research and intended for publication in a relevant academic, peer-reviewed journal. Examples that do not meet the specialized experience include: -Experience related to budgeting, financial analysis, accounting, cost-benefit analysis, cost effectiveness, procurement, data management, data operations, IT management of data, operations research, marketing research, equity or fixed income analysis; AND/OR -Teaching experience below the college or university level and/or outside the fields of economics, finance, or mathematics. Research experience on topics related to financial stability is preferred but not required.

Education

Basic Requirements for Economist, 0110

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.

Basic Requirements for Mathematician, 1520

A. Degree: mathematics; or the equivalent of a major that included at least 24 semester hours in mathematics.
OR
B. Combination of education and experience -- courses equivalent to a major in mathematics (including at least 24 semester hours in mathematics), as shown in A above, plus appropriate experience or additional education.

The total course work in either A or B above must have included differential and integral calculus and, in addition, four advanced mathematics courses requiring calculus or equivalent mathematics courses as a prerequisite.
OR
Basic Requirements of Statistician, 1530
A. Degree: that included 15 semester hours in statistics (or in mathematics and statistics, provided at least 6 semester hours were in statistics), and 9 additional semester hours in one or more of the following: physical or biological sciences, medicine, education, or engineering; or in the social sciences including demography, history, economics, social welfare, geography, international relations, social or cultural anthropology, health sociology, political science, public administration, psychology, etc. Credit toward meeting statistical course requirements should be given for courses in which 50 percent of the course content appears to be statistical methods, e.g., courses that included studies in research methods in psychology or economics such as tests and measurements or business cycles, or courses in methods of processing mass statistical data such as tabulating methods or electronic data processing.
OR
B. Combination of education and experience -- courses as shown in A above, plus appropriate experience or additional education. The experience should have included a full range of professional statistical work such as (a) sampling, (b) collecting, computing, and analyzing statistical data, and (c) applying statistical techniques such as measurement of central tendency, dispersion, skewness, sampling error, simple and multiple correlation, analysis of variance, and tests of significance.

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. Refer to the OPM instructions.

Contacts

• Address Domestic Finance-Office of Financial Research Administrative Resource Center Parkersburg, WV 26101 US
• Name: Applicant Call Center
• Phone: 304-480-7300
• Email: [email protected]