Financial Economist Financial Economist …

U.S. Securities and Exchange Commission
in Washington D.C., DC, United States
Permanent, Full time
Last application, 26 May 20
$130,364 - $218,671
U.S. Securities and Exchange Commission
in Washington D.C., DC, United States
Permanent, Full time
Last application, 26 May 20
$130,364 - $218,671
Join the SEC!

The Office of Analytics and Research (OAR) is responsible for contributing to the mission of the Division of Trading and Markets through a standing program in which data and critical analyses are developed and implemented in ways that directly inform the division, the Commission, and the broader public, on a wide variety of important policy and regulatory topics.

The position is located in Washington, DC.

Staff in OAR work together with colleagues in other division offices on initiatives related to market oversight, the creation of new market rules and regulations, as well as the review and consideration of the rules proposed by national exchanges and other bodies overseen by the division. Areas of focus for OAR include: equity market structure, options market structure, fixed income market structure, swaps and derivatives market structure (as implemented under the Dodd-Frank Act) and exchange-traded products.

OAR staff typically has frequent discussions with a wide variety of market participants and external experts as part of gathering details on given topics and initiatives. OAR staff also has access to a variety of advanced data sources and analytics tools used for research and analysis, including the SEC's MIDAS system. For an example of how OAR staff used such tools and data to contribute to the mission of the agency in the area of equity market structure, please see http://www.sec.gov/marketstructure/.

  1. Undertaking detailed and data-intensive financial analyses and research on a wide array of matters related to operations and securities and proposed changes to the rules governing those markets. Conduct empirical analysis to identify emerging issues, trends, and risks related to market stability, efficiency, and fairness that may warrant additional empirical analysis or policy-making and inform the Commission's understanding the economics of key market participants, including trading venues.
  2. Utilize sophisticated econometric and data science techniques (including machine learning) to acquire and analyze data and evaluate pilot programs.
  3. Perform rapid analysis of major market events.
  4. Developing and presenting authoritative reports based on the evaluation and interpretation of studies in the assigned area of financial analysis.

 

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. Qualifying education must have been obtained from an accredited college or university recognized by the U.S. Department of Education.

BASIC REQUIREMENT:

A. Degree: 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. 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

SK-14: Applicant must have at least one year of specialized experience equivalent to the GS/SK-13 level:

  1. Analyzing key economic data and/or risk metrics related to a complex financial institution such as a broker-dealer, primary dealer, clearing agency, commercial bank, or hedge fund; evaluating results generated by models used to measure or aggregate risk or economic indicators at a complex financial institution; reporting findings of such analysis; and making recommendations to senior management; OR
  2. Planning, directing, or conducting projects in a non-academic environment that focus on topics related to the control functions of a complex financial institution; e.g., risk management, model validation, price verification, capital treatment, financing structures, assessment of risk controls, deal / investment / transaction-related due diligence, or analysis of new or complex financial instruments (such as derivatives, leveraged finance commitments, or structured products, etc.).
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