Financial Economist (Retail Credit), NB-0110-V.2 (Full Performance Level NB-VI)
Company: MERCY COLLEGE
Location: Washington
Posted on: November 20, 2023
Job Description:
Office of the Comptroller of the CurrencyAs 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.DutiesThe 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 Conditions of
Employment
- To ensure compliance with an applicable preliminary nationwide
injunction, which may be supplemented, modified, or vacated,
depending on the course of ongoing litigation, the Federal
Government will take no action to implement or enforce the COVID-19
vaccination requirement pursuant to Executive Order 14043 on
Requiring Coronavirus Disease 2019 Vaccination for Federal
Employees. Therefore, to the extent a Federal job announcement
includes the requirement that applicants must be fully vaccinated
against COVID-19 pursuant to Executive Order 14043, that
requirement does not currently apply.
- Complete a one-year probationary period (unless already
completed).
- Complete a background investigation (unless already
completed).
- Have your salary sent to a financial institution of your choice
by Direct Deposit/Electronic Funds Transfer.
- Go through a Personal Identity Verification (PIV) process that
requires two forms of identification from the Form I-9 . Federal
law requires verification of the identity and employment
eligibility of all new hires in the U.S.
- Travel occasionally to attend conferences and/or training
- Obtain and use a Government-issued charge card for
business-related travel.
- File an OCC Financial Disclosure Form.
- Complete a financial disclosure review and resolve any ethics
issues.
- Click here for important information about OCC ethics
standards, such as the requirement that new hires divest their bank
securities.
- Successfully complete a background investigation that includes
criminal history, financial history.
- Requirements Conditions of EmploymentThis position requires
that the successful candidate undergo personnel vetting, which
includes a background investigation and enrollment upon onboarding
into "Continuous Vetting." Enrollment in Continuous Vetting will
result in automated record checks being conducted throughout one's
employment with Treasury. The successful candidate will also be
enrolled into FBI's Rap Back service, which will allow Treasury to
receive notification from the FBI of criminal matters (e.g.,
arrests, charges, convictions) involving enrolled individuals in
near real-time.There are three key documents that contain important
information about your rights and obligations. Please read and
retain these documents:
- Complete a one-year probationary period (unless already
completed).
- Complete a background investigation (unless already
completed).
- Have your salary sent to a financial institution of your choice
by Direct Deposit/Electronic Funds Transfer.
- Go through a Personal Identity Verification (PIV) process that
requires two forms of identification from the Form I-9 . Federal
law requires verification of the identity and employment
eligibility of all new hires in the U.S.
- Travel occasionally to attend conferences and/or training.
- Obtain and use a Government-issued charge card for
business-related travel.
- File an OCC Financial Disclosure Form.
- Click here for important information about OCC ethics
standards, such as the requirement that new hires divest their bank
securities.
- Successfully complete a background investigation that includes
criminal history, financial history (including a credit check) and
other information.QualificationsYou must meet the following
requirements by the closing date of this announcement:BASIC
REQUIREMENTS:
Degree: Economics, that included at least 21 semester hours in
economics and 3 semester hours in statistics, accounting, or
calculus. (Ph.D. or equivalent doctoral degreeOR, 3 years of
progressively higher-level graduate education leading to a Ph.D.
degree).OR
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.In addition to meeting the BASIC REQUIREMENTS above, you
must meet and/or possess at least one of the following:One year of
specialized experience at a level of difficulty and responsibility
equivalent the next lower level, NB-IV or GS-11 in the Federal
service. This experience may have been gained in either the public
or private sector. 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, Working Papers, Work-in-progress,
or publications).OR
3 years of progressively higher-level graduate education leading to
a Ph.D. degree)The 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.Additional
information
- This position is included in the bargaining unit.
- This position is a Step 2 level position within the NB-V pay
band. Step 2 level positions are distinguished by additional job
complexity, responsibility, and advanced skill levels required by
the work.
- Salary range includes 24.27% geographical pay.
- If you are a current OCC employee who previously received a
waiver determination permitting you to retain bank securities due
to extenuating circumstances, please note that this determination
may be rescinded if the nature of your duties changes. We strongly
suggest that you discuss the potential implications of any change
in duties on a prior securities determination with your ethics
official.
- We may select from this announcement or any other source to
fill one or more positions.
- Click all links in this vacancy announcement to view additional
information and instructions.
- The candidate selected for this position may be credited with
directly-related non-Federal experience for annual leave purposes
if eligible and considered appropriate.
- Please refer to "Conditions of Employment."
- Click "Print" to review the entire announcement before
applying.How You Will Be EvaluatedYou will be evaluated for this
job based on how well you meet the qualifications above.Your
application includes your resume, responses to the online
questions, and required supporting documents. Please be sure that
your resume includes detailed information to support your
qualifications for this position; failure to provide sufficient
evidence in your resume may result in a "not qualified"
determination.Referral: All applicants who meet the minimum
qualifications for the position will be referred to the selecting
official for consideration. You may be required to participate in a
selection interview.If you are a displaced or surplus Federal
employee eligible for the Career Transition Assistance Plan
(CTAP)/Interagency Career Transition Assistance Plan (ICTAP) , you
must be Well-Qualified to receive special selection priority.
"Well-Qualified" means conducting and managing research projects
and activities involving the application of economic/econometric
techniques and quantitative modeling related to capital markets
examination of national banks/federal savings associations.Required
DocumentsA complete application includes: 1) A resume, 2) vacancy
question responses, and 3) submission of any required documents.
Please note that if you do not provide all required information, as
specified in this announcement, you may not be considered for this
position (or may not receive the special consideration for which
you may be eligible). Note: Please ensure that all bank, financial,
and other confidential or sensitive information is removed/redacted
from each document.RESUME: All applicants are required to submit a
resume by either creating one in USAJOBS or uploading one of their
own choosing. (Cover letters are optional.) To receive any credit
for relevant experience, please list the month/year and number of
hours worked for experience listed on your resume. We suggest you
preview the online questions, as you may need to customize your
resume to ensure that it supports your responses to these
questions. Please review Resume Tips .CAREER TRANSITION ASSISTANCE
PLAN (CTAP)/INTERAGENCY CAREER TRANSITION ASSISTANCE PLAN (ICTAP)
DOCUMENTATION: If you are a displaced or surplus Federal employee,
click CTAP/ICTAP for eligibility and a detailed list of required
documents.EDUCATION DOCUMENTATION: This position has an education
requirement. For positions with an education requirement, or if you
are qualifying for this position by substituting education or
training for experience, you must submit a copy of your transcripts
or equivalent. An official transcript will be required if you are
selected. 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. OPTIONAL
DOCUMENTS: In addition, you may submit the following:
- Recent performance evaluation (be sure to redact/remove all
sensitive information prior to submitting)How to ApplyThe following
instructions outline our application process. You must complete the
online application process and submit any required documents by
11:59 p.m. Eastern Standard Time (EST) on the closing date of this
announcement. We are available to assist you during business hours
(8:00 a.m. - 4:00 p.m. Eastern Standard Time, Monday - Friday). If
applying online poses a hardship, you must contact us by noon
Eastern Standard Time on the announcement's closing date. If you
are unable to apply online, you must request an alternative
application which is available from the Human Resources Office.
Please contact Dekieta Bethea atDekieta.Bethea@occ.treas.gov or
202-679-1591 to obtain an alternative application.If you require a
reasonable accommodation for disability during any part of the
application and hiring process, please contact Kelly Battista by
phone at 202-704-9488 or by email at Kelly.Battista@occ.treas.gov .
Treasury provides reasonable accommodation to applicants with
disabilities on a case-by-case basis. You must contact us by 5:00
p.m. Eastern Time on the announcement's closing date to request
accommodation. If you are deaf, hard of hearing, or have a speech
disability, please dial 7-1-1 to access telecommunications relay
services. Ms. Battista is not the point of contact for questions
about the vacancy announcement.A complete application package must
be submitted by 11:59 PM (EST) on the closing date of the
Announcement to receive consideration.
- To begin, click Apply to access the online application. You
will need to be logged into your USAJOBS account to apply. If you
do not have a USAJOBS account, you will need to create one before
beginning the application.
- Follow the prompts to select your resume and/or other
supporting documents to be included with your application package.
You will have the opportunity to upload additional documents to
include in your application before it is submitted. Your uploaded
documents may take several hours to clear the virus scan
process.
- After acknowledging you have reviewed your application package,
complete the Include Personal Information section as you deem
appropriate and click to continue with the application
process.
- You will be taken to the online application which you must
complete in order to apply for the position. Complete the online
application, verify the required documentation is included with
your application package, and submit the application.Once your
online application is submitted you will receive a confirmation
notification by email. Your application will be evaluated by the
Human Resources Office to determine your eligibility for the
position. After the evaluation is complete, you will receive
another notification regarding the status of your application.
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Keywords: MERCY COLLEGE, Washington DC , Financial Economist (Retail Credit), NB-0110-V.2 (Full Performance Level NB-VI), Accounting, Auditing , Washington, DC
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