Financial Risk Analyst

Summary The Market Participants Division leads the Commission's efforts in protecting market participants and their funds by ensuring the financial integrity, fitness, and fair business conduct of derivatives market participants, such as swap dealers, major swap participants, futures commission merchants, introducing brokers, commodity pool operators, commodity trading advisors, floor brokers, and retail foreign exchange dealers. Duties The primary duties of the incumbent are as follows: The incumbent functions as an expert financial risk analyst, providing technical and analytical support to other financial risk analysts, legal staff and Examinations Branch audit staff in the review and analysis of SOR data relating to registered intermediaries’ activities, , and generally to provide technical support in the oversight of the requirements applicable to financial risk management activities of registered financial intermediaries. The incumbent also interacts on behalf of MPD with analysts from other Offices and Divisions in support of this mission and to provide access to information and coordination with other parts of the Commission towards furthering the overall mission of the Commission. Serves as a MPD liaison with other Offices and Divisions, and other regulatory agencies for technical financial analysis matters pertaining to registered financial intermediaries, and supports both internal and partnered efforts to develop, implement and continuously improve and expand the application of information technology to MPD's oversight mission. Working with a wide variety of data sources, provides technical financial risk expertise to support compliance and examination implementation and oversight. Uses a variety of quantitative and qualitative approaches to evaluate disparate data sources to identify and resolve consistency/discrepancy issues that may exist between the various data feeds employed by the Commission to assess and monitor firm financial condition and compliance with financial requirements. Engages in a high order of creative interpretation and reasoning in order to formulate advice and recommend courses of action which meet the needs of both mission accomplishment and full compliance with the Act and Commission regulations. Where precedent and principles do exist, they often require extensive research to ascertain from several diverse, non-traditional and voluminous sources; are extremely varied; are complex and fluid, (i.e., rapidly evolving to meet changing market practices); and require difficult reasoning or interpretation to apply to specific actions. Reviews and assists with drafting of regulations, policies and procedures and identifies/recommends changes/improvements to address programmatic/technical matters associated with his/her areas of responsibility. May be called upon to provide briefings or participate in speaking engagements at staff meetings or industry conferences on behalf of the Commission. 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. 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.