As Financial Economist, you will evaluate and advise the agency on bank's model risk management practices and emerging consumer credit risks and conduct research and analysis to identify/assess emerging model risks or consumer credit risks to provide thought-leadership as behaviors of consumers, firms, and/or financial institutions evolve due to changes in technology and the economy. The position is with Supervision Risk Analysis, Economic & Risk Analysis, Retail Credit Risk Analysis Division.

Duties

The Retail Credit Risk Analysis Division (RC-RAD), within Economics and Risk Analysis at the Office the Comptroller of the Currency, is located in Washington D.C. RC-RAD economists serve as advisors to senior management and other stakeholders in the agency on supervision and banking policy in the areas of consumer credit risk modeling and broader consumer credit research questions related to consumer credit, consumer/household finance, and bank/non-bank financial institutions. As a Financial Economist, you will: Analyze and evaluate bank specific quantitative reports and relevant work products (e.g., model development documents, validation reports, and on-going monitoring reports) to evaluate the effectiveness of a bank's model risk management practices. Apply advanced financial, economic, and quantitative theories, principles, methods and techniques to perform complex assignments such as the assessment of various econometric or statistical modeling approaches. Conduct complex on-site and off-site bank/thrift savings association-specific analyses that relate to retail credit. Conduct self-directed (i.e., independent) or directed research and prepare professional papers to be published in peer reviewed academic journals, as applicable. Support projects as requested by the Comptroller and senior management for subject matter expert analysis or recommendations on topics including retail credit risk, consumer/household finance, banking, and modeling issues as well as policy and management issues confronting the OCC. Initiate analytical projects to facilitate the understanding of emerging retail credit risks or the impact of policy or regulation, or the development of quantitative techniques for retail credit risk measurement/identification.

Requirements

Qualifications

You must meet the following requirements by the closing date of this announcement: BASIC REQUIREMENTS: 1) Degree in Economics, that included at least 21 semester hours in economics and 3 semester hours in statistics, accounting, or calculus. (Ph.D. or equivalent doctoral degree OR 3 years of progressively higher-level graduate education leading to a Ph.D. degree). OR 2) A combination of education and experience: Courses equivalent to a major in economics, as shown above, plus appropriate experience or additional education. Examples of qualifying experience include: a) individual economic research assignments requiring planning, information assembly, analysis and evaluation, conclusions and report preparation; b) supervisory or project coordination assignments involving a staff of professional economists, and requiring the evaluation and interpretation of economic information; or c) teaching assignments in a college or university that included both class instruction in economics subjects and one of the following (1) personal research that produced evidence of results, (2) direction of graduate theses in economics, or (3) service as a consultant or advisor on technical economics problems. AND In addition to meeting the BASIC REQUIREMENTS above, you must have one year of specialized experience at a level of difficulty and responsibility equivalent to the NB-IV band level or GS-11 grade level in the Federal service. Specialized experience is experience that equipped the applicant with the particular knowledge, skills, and abilities to perform successfully the duties of the position and is typically in or related to the work of the position to be filled. Specialized experience for this position includes: Conducting research involving the application of economic, financial, or quantitative theories, principles or methods. (e.g. dissertation, Job Market Paper, Publications, Working Papers, or Work-in-Progress). OR 3 years of progressively higher-level graduate education leading to a Ph.D. degree OR Ph.D. or equivalent doctoral degree NOTE: Examples of research may include: Independently planning and conducting financial or economic research projects; experience applying analytical and research techniques (e.g., econometrics, mathematical economics, operations research, benefit-cost analyses, and cost-effectiveness analyses); developing mathematical or statistical models to assess the impact of financial developments on the economy. This experience may have been gained in the public sector, private sector, or through volunteer service. One year of experience refers to full-time work; part-time work is considered on a prorated basis. To receive any credit for your work experience, please indicate dates of employment by month/year, and indicate the number of hours worked per week, on your resume.

Education

Please see Qualifications section for education.

Contacts

• Address Supervision Risk and Analysis 400 7th Street SW Washington, DC 20219 US
• Name: Dekieta Bethea
• Phone: 202-679-1591
• Email: [email protected]