Summary
This position is located in the Division of Insurance and Research, Research & Regulatory Analysis Branch, Regulatory Analysis Section of the FDIC. The Section primarily supports the Corporation’s rulemaking process by conducting analysis on the expected effects of such actions. Additionally, the Section conducts financial and economic analyses in support of the Corporation’s efforts to identify, monitor and address existing and emerging aggregate risks to the FDIC’s Deposit Insurance Fund.
This job is open to
Clarification from the agency
All United States Citizens. This is a Direct-Hire Public Notice.
Duties
At the full performance level, major duties include:
- Formulates and guides comprehensive research and analysis, including gathering and analyzing reports and quantitative data from a wide variety of sources to identify particular economic, market, or other factors affecting the financial system, banking industry, and/or the economy, and assessing the adequacy of existing corporate-wide programs, policies and procedures.
- Serves as authoritative technical advisor. Identifies, measures, interprets and/or forecasts the effects and relationships between economic, market and other factors affecting the financial system, banking industry, and/or the economy.
- Serves as a consultant to senior executives on work that directly impacts Corporate-wide programs, policies, and procedures.
- Constructs original, informative visual aids, including charts, simulations, and other graphical methods to convey information to audiences of varying technical background, including non-technical and technical.
- Writes descriptions of relevant risks and trends, incorporating accepted methods of economic, financial and statistical analysis, and incorporating the input of other management and staff in DIR and other FDIC business units to ensure that written material reflects the collective judgment of the organization.
Requirements
Conditions of Employment
Registration with the Selective Service.
U.S. Citizenship is required.
Employment Conditions.
Completion of Financial Disclosure may be required.
Minimum Background Investigation (MBI) required.
Qualifications
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. Additional qualifications information can be found here.
1. Basic Requirements:
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.
YOU MUST PROVIDE ALL TRANSCRIPT(S) (unofficial copy is acceptable)
RESUME MUST INCLUDE MONTH/DATE/YEAR OF DEGREE EARNED
2. ADDITIONAL QUALIFICATION REQUIREMENT: In addition to meeting the Basic Requirement, applicants must meet the defined qualification requirements listed below:
To qualify at the grade CG-12: Applicants must have completed at least one year of specialized experience equivalent to at least the grade 11 level or above in the Federal service. Specialized experience is experience using economic principles, theories and models as part of a publication to meet an institutional objective, or for internal research; performing economic research and analyses of the financial services industry, financial markets, global economic developments, or economic policy.
To qualify at the grade CG-13: Applicants must have completed at least one year of specialized experience equivalent to at least the grade 12 level or above in the Federal service. Specialized experience is experience using economic principles and theories to design models as part of a publication to meet an institutional objective; designing and conducting economic research and analyses of the financial services industry, financial markets or economic policy.
To qualify at the grade CG-14: Applicants must have completed at least one year of specialized experience equivalent to at least the grade 13 level or above in the Federal service. Specialized experience is experience working as an economist to conduct and direct research on the financial system, banking industry, and financial regulations; design and use financial and econometric models.
Applicants eligible for ICTAP (Interagency Career Transition Assistance Program) must achieve a score of 80 or higher in the online assessment to be determined “well qualified” for this position. For more information, click here.
Education
See requirements stated under QUALIFICATIONS.
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.
In addition to the regular benefits offered by Federal agencies, the FDIC offers additional benefits to its employees. These benefits, some at minimal cost, are some of the best and most competitive in both the private and public sectors.
To find out more, click here.
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.
This is a Direct-Hire Public Notice. Applications will be accepted for the location identified in the public notice. Veteran’s preference and traditional rating and ranking of applicants DO NOT apply to positions filled under this public notice.
All complete applications (transcripts must be included, if applicable) will be verified for eligibility requirements and will be submitted to the hiring official upon request.
https://www.opm.gov/policy-data-oversight/hiring-information/direct-hire-authority/#url=Governmentwide-Authority
Upon the submission of your application package to USAJobs.gov, you will receive an automatic reply informing you that your application has been submitted, received and is being processed. If you provided an email address, you will receive an email message acknowledging the receipt of your application. Your application will remain active through the open period of this Public Notice. You will not receive any additional notifications, and your resume may not be reviewed for qualifications unless a position is requested to be filled by the hiring official. After you submit your application, you will be contacted only if further evaluation or interviews are required or upon your selection.
If requested by Management, your application will be reviewed to determine whether you meet the qualification requirements outlined in this announcement. Therefore, it is imperative that your resume contain sufficiently detailed information upon which to make the qualification determination. Please ensure that your resume contains specific information such as position titles, beginning and ending dates of employment for each position, average number of hours worked per week, and if the position is/was in the Federal government, you should provide the position series and grade level.
If you are found qualified, you will be referred to the selecting official for further review and consideration. The competencies/knowledge, skills, and abilities (KSAs) you will be assessed on are listed below.
- Ability to conduct and direct research in the banking industry, financial system, and the economy, and make practical applications for such research.
- Knowledge of the principles, theories, research methods, and techniques of economics and finance.
- Ability to facilitate the organization, direction, and coordination of research programs on issues related to economic policy, the financial system and banking operations.
- Ability to plan and carry out economic analyses using multiple software packages to address economic issues related to banking, develop conclusions and present the results of the analysis.
- Knowledge of financial, economic, statistical, and mathematical methodologies to illustrate and support conclusions about economic and/or financial trends.
- Ability to develop and present written reports and presentations to relate findings and recommendations, and identify problems.
You do not need to respond separately to these KSAs. You may preview questions for this vacancy.
Required Documents
EDUCATION DOCUMENTS: This position has a positive education requirement. In order to be considered, you must submit a copy of your college transcript (an unofficial transcript is acceptable). Education must be from accredited institutions. For a listing of accredited educational institutions, click here. An official transcript will be required if you are selected. If you attended more than one university and need to send multiple transcripts, please upload/fax all transcripts as one document.
Foreign Education: If you are using education completed in foreign colleges or universities to meet the qualification requirements, you must show that 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. For more information, click here.
INTERAGENCY TRANSITION ASSISTANCE PROGRAM (ICTAP): If you are a displaced Federal employee eligible for consideration under ICTAP, you must submit proof of eligibility. For more information, click here
If you are relying on your education to meet qualification requirements:
Education must be accredited by an accrediting institution recognized by the U.S. Department of Education in order for it to be credited towards qualifications. Therefore, provide only the attendance and/or degrees from
schools accredited by accrediting institutions recognized by the U.S. Department of Education.
Failure to provide all of the required information as stated in this vacancy announcement may result in an ineligible rating or may affect the overall rating.
How to Apply
To begin, click the “Apply” button and follow the prompts. If you haven’t already, register and establish a USAJOBS account. After you register online, click the “Apply” button to complete the online assessment questionnaire, and submit all required documents. Please be sure to click “Submit Application” to complete the application process. You must apply online.
Applicants requesting an exception from the online process must contact the Human Resources Specialist or point of contact listed in this announcement prior to 12:00 noon local time on the closing date.
To return to your saved application, log in to your USAJOBS account and click on “Applications” tab. Click on the “Position Title,” and then select “Update Application” or “Additional Application Information” to continue.
You have until 11:59 p.m. ET (Eastern Time) on the closing date of this announcement to complete the application process.
Please ensure you have completed the application process by verifying the status of your application on-line to reflect: “Received”. Failure to complete the application process will result in an incomplete application and you will not be considered for the position.
Next steps
The Fair Chance Act prohibits inquiries concerning an applicant's criminal history information unless the hiring agency has made a conditional (tentative) offer of employment to the applicant. An applicant may submit a complaint, or any other information, to the agency within 30 calendar days of the date of alleged non-compliance by contacting the Federal Deposit Insurance Corporation’s Human Resources Staffing Policy and Accountability team at HRPolicyTeam@fdic.gov.
You may check the status of your application on-line 24 hours a day, 7 days a week through USAJOBS by signing in and selecting "Application Status." Thank you for your interest in working for the Federal Deposit Insurance Corporation.
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