Job opening: FINANCIAL ECONOMIST
Salary: $130 010 - 274 166 per year
Published at: Oct 09 2024
Employment Type: Full-time
Candidates should have an interest and research experience in applied microeconomics fields such as finance, industrial organization, public economics, and labor. We seek individuals with a track record of creative thinking, strong empirical research abilities, and excellent communication skills. Interest in finance, securities markets and public policy is essential.
This position may be located in any SEC Regional Office or Headquarters located in Washington, DC based upon mission needs.
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.
Financial economists provide economic guidance, research, and expertise in a broad range of undertakings, including rulemakings, enforcement actions, market risk assessments, and other regulatory initiatives. In all roles, candidates must demonstrate their ability to apply their knowledge of economics and econometrics in support of the SEC's mission to protect investors, facilitate capital formation, and ensure fair and orderly markets.
Typical duties:
Provide economic guidance, research, and expertise in a broad range of projects, including federal policy, rulemakings, enforcement actions, market risk assessment, and other regulatory initiatives.
Use economics, finance, and econometrics to develop and analyze federal financial policies and rules, including their impact on individuals, businesses, market efficiency, competition, and capital formation.
Use economics, finance, and econometrics to evaluate specific violations of securities laws, such as analysis of market impact of the alleged wrongdoing, and analysis of the extent of harm as well as ill-gotten gains.
Use economics, finance, and econometrics to provide risk assessment and modeling analyses to support SEC supervisory, surveillance, and investigative programs involving market, systemic, conduct and fraud risk.
Present and discuss analyses, models, and findings with SEC leadership and legal staff. Contribute to meetings and engagements with external stakeholders.
Plan, organize, and prioritize tasks to address needs, emerging issues, and meet timelines, while working collaboratively and flexibly with multi-disciplinary team members, including lawyers and finance policy experts.
Analyze economic, financial, and administrative data to assess the efficiency and effectiveness of federal financial and securities regulations and policies.
Evaluate economic research and comments authored by federal agencies, academics and other experts to determine their relevance and implications for federal financial rules and policies.
Review draft analyses and reports, and address stakeholders' comments, to ensure accuracy, precision, and clarity of presentation of economic issues and data.
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 level.
- 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, NTEU Chapter 293.
- This position is eligible to request telework in accordance with the SEC 's telework policy.
- Existing Participants in the SEC’s Remote Telework Program are eligible to apply for this position. If selected, management will evaluate and communicate whether the position will allow for continued participation in Remote Telework.
Qualifications
All qualification requirements must be met by the closing date of this announcement.
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: A. Applicants 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 economics that included at least 21 semester hours in economics and 3 semester hours in statistics, accounting, or calculus.
--OR--
B. An appropriate combination of education and experience----courses equivalent to a major in economics, as shown in A above, plus appropriate experience or additional education. Examples of qualifying experience include economic research assignments requiring planning, information assembly, analysis and evaluation, conclusions and report preparation; supervisory or project coordination assignments involving a staff of professional economists, and requiring the evaluation and interpretation of economic information; or teaching assignments in a college or university in economic subjects in combination with one of the following: personal research that produced evidence of results, direction of graduate theses in economics, or service as a consultant or advisor on technical economics problems.
MINIMUM QUALIFICATION REQUIREMENT: In addition to meeting the basic requirement, applicants must also meet the minimum qualification requirement; which includes experience in the application of economics that may be demonstrated in at least one of the following five ways:
(a) Success in conducting research that is of comparable quality to publications in peer-reviewed finance and economics journals;
(b) Experience analyzing the economics of securities litigation that have been submitted in federal courts or in the context of an SEC action, including the quantification of harm to investors or ill-gotten gains;
(c) Experience writing reports that evaluate the effect of policy and rule changes on market performance and function;
(d) Experience writing reports in market microstructure or similar applied microeconomic fields such as industrial organizations and auction theory; and/or
(e) Experience in analyzing the costs and benefits of regulations in financial markets, including effects on market efficiency, competition, and capital formation.
Education
You
MUST provide transcripts or other documentation to support your educational claims. Unless otherwise stated: (1) official or unofficial transcripts are acceptable. 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 Economic and Risk Analysis
100 F Street NE
Washington, DC 20549
US
- Name: ask HR
- Email: [email protected]
Map