As a Research Economist, you will:
- 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.
- Make recommendations to senior OFR staff concerning evaluation of existing or proposed policy issues. Develop proposals for studies related to financial stability. Frequently assist with studies of highly technical and complex problems issues assigned by the OFR Director, Deputy Director of R&A, or Associate Director of R&A. Work closely with the staff of the Data Center to define requirements for data and analytical tools.
- Draft papers, memoranda, reports, presentations, and articles based upon analyses of data, published studies, and specialized knowledge of the financial system, economy, government policies, technology, and other areas relevant to evaluating risks to the financial system.
Conditions of Employment
The experience may have been gained in either the public, private sector or volunteer service. One year of experience refers to full-time work; part-time work is considered on a prorated basis. To ensure full credit for your work experience, please indicate dates of employment by month/day/year, and indicate number of hours worked per week on your resume.
- Please refer to "Conditions of Employment."
- Click "Print Preview" to review the entire announcement before applying.
- Must be U.S. Citizen or U.S. National
- Public Trust background investigation will be required.
You must meet the following requirements by the closing 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.
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. ( no answer)
Basic Requirements for Mathematician, 1520
A. Degree: mathematics; or the equivalent of a major that included at least 24 semester hours in mathematics.
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.
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.
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.
- We may select from this announcement or any other source to fill one or more vacancies.
- This is a non-bargaining unit position.
- A recruitment incentive may be offered
- Relocation expenses will not be paid.
- We offer opportunities for telework.
- We offer opportunities for flexible work schedules.
CONDITIONS OF EMPLOYMENT:
- A one year probationary period may be required.
- Must successfully complete a background investigation.
- Public Trust - Background Investigation will be required.
- Complete a Declaration for Federal Employment to determine your suitability for Federal employment, at the time requested by the agency.
- Have your salary sent to a financial institution of your choice by Direct Deposit/Electronic Funds Transfer.
- If you are a male applicant born after December 31, 1959, certify that you have registered with the Selective Service System or are exempt from having to do so.
- 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.
- 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. Federal agencies may request information regarding the vaccination status of selected applicants for the purposes of implementing other workplace safety protocols, such as protocols related to masking, physical distancing, testing, travel, and quarantine.
Our comprehensive benefits are very generous. Our benefits package includes:
- Challenging work, opportunities for advancement, competitive salaries, bonuses and incentive awards.
- Eleven paid holidays, 13 days of sick leave, and 13 to 26 days of vacation time each year.
- Access to insurance programs that may be continued after you retire.
- A wide choice of health insurance plans, coverage for pre-existing conditions, and no waiting periods. We pay a substantial amount (up to 75%) of the health insurance premiums.
- A retirement program which includes employer-matching contributions.
- Learn more about Federal benefits programs at: https://help.usajobs.gov/index.php/Pay_and_Benefits
A career with the U.S. government provides employees with a comprehensive benefits package. As a federal employee, you and your family will have access to a range of benefits that are designed to make your federal career very rewarding. Opens in a new windowLearn more about federal benefits.
Eligibility for benefits depends on the type of position you hold and whether your position is full-time, part-time or intermittent. Contact the hiring agency for more information on the specific benefits offered.
How You Will Be Evaluated
You will be evaluated for this job based on how well you meet the qualifications above.
Your application includes your résumé, responses to the online questions, and required supporting documents. Please be sure that your résumé includes detailed information to support your qualifications for this position; failure to provide sufficient evidence in your résumé may result in a "not qualified" determination.
Please be sure to indicate that you saw this position on Globaljobs.org