Requirements
Conditions of employment
- U.S. Citizenship
- Background/Security Investigation
- May be required to serve a one-year probationary period
- Selective Service Registration is required for males born after 12/31/1959
Structured Resume Review: Subject Matter Experts (SMEs) will review your resume to determine your technical qualifications for this position based on the required competencies. SMEs will review ONLY your two (2) page resume. SMEs will not review additional information beyond your resume (e.g., cover letter, links embedded in your resume).
If you are found qualified, your application will move forward to the next phase(s) of the review process.
You will be evaluated on the basis of your level of competency (knowledge, skills and abilities) in the following areas:
Financial Risk Management - Knowledge of the principles, methods, and techniques of financial analysis, forecasting, and modeling to interpret quantitative and qualitative data; includes statistical modeling for risk assessment and mitigation, including assessment of failures and their consequences.
Mathematical Reasoning - Identifies rules, principles, or relationships that explain facts, data, or other information; analyzes information and makes correct inferences or draws accurate conclusions. Solves practical problems by choosing appropriately from a variety of mathematical and statistical techniques.
Oral and Written Communication - Expresses information (for example, ideas or facts), orally and in writing, to individuals or groups effectively, taking into account the audience and nature of the information (for example, technical, sensitive, controversial); makes clear and convincing presentations; listens to others, attends to nonverbal cues, and responds appropriately.
Economics and Accounting - Knowledge of economic and accounting principles and practices, tax law and practices, the financial markets, banking, and the analysis and reporting of financial data.
IT Modeling and Simulation - Knowledge of mathematical modeling and simulation tools and techniques to plan and conduct test and evaluation programs, characterize systems support decisions involving requirements, evaluate design alternatives, or support operational preparation.
Qualifications
GS/CT-12 level:
One year of specialized experience equivalent to the CT/GS-11.
Specialized experience is defined as experience gained performing, examining or auditing financial risk management functions (such as identifying, measuring, monitoring and mitigating market, credit, counterparty, funding, liquidity and settlement risks) faced by a complex financial institutions active in derivatives markets (futures, options on futures and/or swap positions) including the development, implementation, use and/or performance monitoring of advanced risk quantitative techniques within complex organizations.
GS/CT-13 level:
One year of specialized experience equivalent to the CT/GS-12.
Specialized experience is defined as experience gained performing, examining or auditing financial risk management functions (such as identifying, measuring, monitoring and mitigating market, credit, counterparty, funding, liquidity and settlement risks) faced by a complex financial institutions active in derivatives markets (futures, options on futures and/or swap positions) including the development, implementation, use and/or performance monitoring of advanced risk quantitative techniques within complex organizations.
GS/CT-14 level:
One year of specialized experience equivalent to the CT/GS-13.
Specialized experience is defined as experience gained performing, supervising , examining or auditing financial risk management functions (such as identifying, measuring, monitoring and mitigating market, credit, counterparty, funding, liquidity and settlement risks) faced by a complex financial institutions active in derivatives markets (futures, options on futures and/or swap positions) including the development, implementation, use and/or performance monitoring of advanced risk quantitative techniques within complex organizations.
Techniques would include benchmarking, back testing, stress testing, developing or analyzing mathematical models to quantitatively assess model performance and recommend changes for model improvements. Project lead in advancing model risk management and recommendations and presenting findings to senior management. Experience in drafting regulations and policy documents.
Education
Please refer to the OPM General Business and Industry Series 1101 for the specific Education/Experience requirements for this position.
To be creditable, education must have been obtained in an accredited college or university. You must report only attendance and/or degrees from schools accredited by accrediting institutions that are recognized by the U.S. Department of Education. For a list of schools that meet this criterion, see www.ed.gov.
SPECIAL INSTRUCTIONS FOR 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; 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
Additional information
This is a Bargaining Unit Position located in the National Treasury Employee Union (NTEU) Chapter 337.
Relocation: Relocation expenses will not be paid.
Probationary Period: You may be required to serve a one-year probationary period, if applicable.
More than the number of positions listed may be filled through this vacancy announcement.
The overall salary range is provided for informational purposes as it represents the full range that is applicable to current employees in this occupation/grade. A new hire's direct and overall experience are critical factors in determining a salary offer, therefore, it is important that your resume fully reflects all of your work experience. Note that the upper end of each range is typically applicable only to candidates with significant years of work experience and qualifications Please review the CFTC Compensation Program website for additional information.
The law prohibits public officials from appointing, promoting, or recommending their relatives. The law prohibits requesting, making, transmitting, accepting, or considering political recommendations for employment or other personnel actions for non-political positions. This includes recommendations from Members of Congress, Congressional employees, elected state or local officials, and political party officials and any recommendation based on party affiliation.
Candidates should be committed to improving the efficiency of the Federal government, passionate about the ideals of our American republic, and committed to upholding the rule of law and the United States Constitution.
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.
Review our 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.
Required Documents
You must provide a complete Application Package, which includes:
- Resume showing related experience (two-pages max);
- Cover Letter (optional);
- Performance appraisal (optional);
- Transcripts (if required, an unofficial copy is accepted for application package, but an official copy with the date the degree was awarded is required prior to firm offer letter being extended)
Veterans Preference: If you are entitled to veteran preference, you should indicate the type of veteran preference you are claiming on your resume. In order to verify your veteran preference entitlement, please submit a copy of your veteran's documentation including a DD-214 (member 4 copy preferred, however, the documentation provided must contain dates and character of service); official statement of service from your command if you are currently on active duty; or other official documentation (e.g., documentation of receipt of a campaign badge or expeditionary medal) that shows your military service was performed under honorable conditions. In addition, if you are a disabled veteran, a Purple Heart recipient, or widow/widower of a veteran, the spouse of a disabled veteran or the natural mother of a disabled or deceased veteran, you must submit a Standard Form (SF) 15, “Application for 10-Point Veteran Preference,” and the other required documentation identified on the reverse side of the SF-15 to support your preference claim. Although veteran preference points are not assigned under the category rating procedures described under “How You Will Be Evaluated,” veteran preference eligibles are listed ahead of non-veterans within each category for which they are qualified.
Interagency Career Transition Assistance Program (ICTAP): The ICTAP provides eligible displaced federal competitive service employees with selection priority over other candidates for competitive service vacancies. If your agency has notified you in writing that you are a displaced employee eligible for ICTAP consideration, you may receive selection priority if: 1) this vacancy is within your ICTAP eligibility, 2) you apply under the instructions in this announcement, and 3) you are found well-qualified for this vacancy. To be well qualified, you must score 85 or better on established ranking criteria. You must provide proof of eligibility with your application to receive selection priority. Additional information about ICTAP eligibility is at:
http://www.opm.gov/ctap/index.asp.ICTAP
Candidates MUST submit:
1. A copy of their agency reduction-in-force notice;
2. A copy of your most recent Performance Rating;
3. A copy of your most recent SF-50 noting current or last position held, the grade level, and the duty location; and
4. A copy of your notice of proposed removal for declining a directed reassignment or transfer of function outside the local
commuting area or documentation showing you were separated as a result of RIF or declining a directed reassignment or
transfer of function outside the local commuting area.
Career Transition Assistance Program (CTAP): Provides eligible surplus and displaced competitive service employees in the CFTC with selection priority over other candidates for competitive service vacancies. If CFTC has notified you in writing that you are a surplus or displaced employee eligible for CTAP consideration, you may receive selection priority if: 1) this vacancy is within your CTAP eligibility, 2) you apply under the instructions in this announcement, and 3) you are found well-qualified for this vacancy. To be well qualified, you must rate equivalent to the Well Qualified or better category using established rating criteria. You must provide a copy of your written notification of CTAP eligibility with your application. Additional information about CTAP eligibility is at: http://www.opm.gov/ctap/index.asp.
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.