Risk Analyst (Risk Analytics)

Summary The incumbent serves as a Risk Analyst in the Risk Analytics unit under the Risk Surveillance Branch (RSB), Division of Clearing and Risk (DCR). RSB conducts financial and risk surveillance of derivatives markets intermediaries and clearing organizations to monitor the actual and potential implication of market events and conditions for the financial integrity of the clearing and settlement system and to follow up on indications of financial difficulty. Duties As a Risk Analyst (Risk Analytics) the incumbent: Participates in the design, development, and maintenance of RSB’s advanced risk analytics platform to measure, monitor, and assess risk exposures across exchange-traded futures and options, cleared and uncleared swaps, and related cash or physical markets, as well as major participants in these markets. Participates in the design, coordination, and execution of the CFTC’s periodic supervisory stress tests by collaborating with DCR staff and with other relevant regulatory authorities. Plans, coordinates, and leads the development of tools for risk surveillance activities for evaluating market risk at clearing members and DCOs, conducting stress test analyses, and identifying market participants that pose unusual levels of risk. Ensures availability, functionality, integrity, and upgrading of DCR's financial surveillance applications to identify firms or large traders carrying potentially risky positions in these markets. Leads in the remediation of loss of availability or functionality of applications and any requested tool enhancements. Develops and deploys analytical tools that evaluate the sufficiency of margin levels for derivative products subject to CFTC oversight, with a focus on DCOs and cleared market margins. Leads the development and monitoring of DCR's financial surveillance applications with the assistance of the Division of Data (DOD), defining and communicating functional and system requirements and specifications to contractors, and identifying/implementing enhancements of DCR's financial surveillance applications. Requirements Conditions of employment U.S. Citizenship Background/Security Investigation Selective Service Registration is required for males born after 12/31/1959 May be required to serve a one-year probationary period Qualifications CT-14 Level: To qualify for the CT-14 level you must have at least one year of specialized experience equivalent to the next lower grade (GS/CT-13 level).  Specialized experience is defined through which one has gained experience: Managing the design, development, and deployment of large-scale information technology projects to ensure continuous system operations and resolve time-sensitive issues related to risk surveillance and quantitative analysis. Conducting financial stress testing and analyzing market data (e.g. pricing, volatility, and margin portfolios) to assess the potential impact of market changes on the financial condition of futures and swaps market intermediaries. Developing new financial analysis approaches and methodologies to conduct effective risk surveillance of individual traders, derivatives market intermediaries, and clearing organizations. Leading project teams responsible for analyzing market data regarding pricing and volatility to determine the potential financial impact on the condition of individual traders, market intermediaries, and clearing organizations. Education Education is not required, nor may it be substituted for specialized experience. 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:  As a condition of employment for accepting this position, you may be required to serve a 1-year probationary period during which we will evaluate your fitness and whether your continued employment advances the public interest. In determining if your employment advances the public interest, we may consider: Your performance and conduct; The needs and interests of the agency; Whether your continued employment would advance organizational goals of the agency or the Government; and Whether your continued employment would advance the efficiency of the Federal service. Upon completion of your probationary/trial period your employment will be terminated unless you receive certification, in writing, that your continued employment advances the public interest. 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. 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. 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.