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Enforcement Economist

Consumer Financial Protection Bureau
This job announcement has closed

Summary

This position is located in the Consumer Financial Protection Bureau (CFPB), Office of Enforcement. The incumbent conducts complex data and economic analysis and uses econometric models and compliance analytics on difficult and complex topics related to consumer financial decisions (including markets and laws).

Overview

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Hiring complete
Open & closing dates
12/14/2023 to 01/31/2024
Salary
$140,566 to - $238,674 per year
Pay scale & grade
CN 60
Location
Many vacancies in the following location:
Washington, DC
Remote job
No
Telework eligible
Yes—as determined by the agency policy.
Travel Required
Occasional travel - You may be expected to travel for this position.
Relocation expenses reimbursed
No
Appointment type
Permanent
Work schedule
Full-time
Service
Competitive
Promotion potential
None
Job family (Series)
Supervisory status
No
Security clearance
Other
Drug test
No
Announcement number
24-CFPB-62-DH
Control number
766038300

This job is open to

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Clarification from the agency

U.S Citizens or U.S. Nationals; No prior federal experience is required.

Duties

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As a Enforcement Economist, you will:

  • Provide expert advice to attorneys; support and participates in drafting discovery requests; help select, work with, and support external testifying expert witnesses; and provide testimony in support of the CFPB's cases, as appropriate.
  • Develop and present budget recommendations to support analyses and research plans.
  • Independently identify potential problems in consumer financial markets and anticipate the need for economic knowledge and plans accordingly.
  • Conduct independent research related to consumer financial law and collaborate with economists in other offices in the CFPB.

Requirements

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Conditions of employment

Key Requirements:

  • Must be U.S. Citizen or U.S. National.
  • A one year probationary period may be required.
  • 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.
  • Obtain and use a Government-issued charge card for business-related travel.

Qualifications

You must meet the following requirements by the announcement's closing date.

Basic Requirements:

Degree: Economics, that included at least 21 semester hours in economics and 3 semester hours in statistics, accounting, or calculus; OR Combination of education and experience -- courses equivalent to a major in economics, as shown above, plus appropriate experience or additional education.

Evaluation of Experience:

Examples of qualifying experience include:

- Individual economic research assignments requiring planning, information assembly, analysis and evaluation, conclusions and report preparation;
supervisory or project coordination assignments involving a staff of professional economists, and requiring the evaluation and interpretation of economic information; or
teaching assignments in a college or university that included both class instruction in economics subjects and one of the following (1) personal research that produced evidence of results, (2) direction of graduate theses in economics, or (3) service as a consultant or advisor on technical economics problems.

- Experience in related fields that did not involve the use and understanding of economic principles and theories may not be used as qualifying experience for these positions. Special attention on this point should be given to certain types of work that may or may not have provided professional economic experience. The following examples of work require special care in such determinations:

  • economic statistics;
  • industrial surveys;
  • management of individual business enterprises, including farms;
  • industrial planning;
  • writing or editorial work in economic subjects; and
  • financial market analysis.

In addition to the above basic education requirements, you must meet the following specialized experience:

Specialized Experience: You must have at least one year of specialized experience performing Economist functions equivalent to the CN-53 level (for qualification purposes, the CN-53 is broadly equivalent to the GS-13) that equipped you with the particular knowledge, skills, and abilities to successfully perform the duties of this position. Specialized experience is defined as:

- Planning and executing economic research projects, using appropriate theoretical models, statistical and analytical techniques (such as statistical analysis, geospatial analysis, or predictive modeling; AND
- Using statistical packages, such as SAS, STATA, SPSS, Tableau, R or SQL; AND
- Conducting data and economic analyses on topics related to consumer financial decisions (including markets and laws); AND
- Compiling and analyzing macro data sets to construct tables or graphs that capture key findings.

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 résumé.

Education

Education Requirements: The education generally must be from an accredited (or pre-accredited) college or university recognized by the U.S. Department of Education. If you are qualifying based on foreign education, you must submit proof of creditability of education as evaluated by a credentialing agency. Refer to the OPM instructions.

You MUST submit a copy of your transcripts or equivalent.

Additional information

OTHER INFORMATION:

  • We may select from this announcement or any other source to fill one or more vacancies.
  • This announcement may be used to fill like positions in other organizations within the Consumer Financial Protection Bureau
  • This is a bargaining unit position. The Union that represents CFPB employees is the National Treasury Employees Union ("NTEU"), Local Chapter 335.
  • Relocation expenses will not be paid.
  • We offer opportunities for telework.
  • We offer opportunities for flexible work schedules.
  • Bureau employees are subject to government-wide ethical standards of conduct, financial disclosure requirements, and post-employment prohibitions, which applicants may review at www.oge.gov. In addition, employees must comply with the Supplemental Standards of Ethical Conduct for Employees of the Consumer Financial Protection Bureau (5 CFR 9401), which, among other things, prohibit an employee or the employee's spouse or minor child from owning or controlling a debt or equity interest in an entity supervised by the Bureau. Regulations also impose restrictions on the outside activities of certain Bureau employees, including examiners and attorneys. Applicants may review the Bureau ethics regulations and a summary of the regulations at www.consumerfinance.gov. Questions regarding these requirements and prohibitions should be directed to the Bureau Ethics Office at EthicsHelp@cfpb.gov.
CFPB uses an experience-based process to set pay for employees. Experience is evaluated and credited using the employee's résumé. To ensure that all of your prior work experience (e.g., internships, volunteer work, details, part-time, self-employment, secondary jobs, etc.) is considered and accounted for, please ensure that your résumé covers the following:
  • your entire work history with specific start and end dates (MM-DD-YYYY) provided for each listed position
  • hours worked per week for each position
  • degrees and the dates conferred (MM-YYYY)
Part-time experience will be credited pro-rata based on a 40-hour work week, while work of 32 hours or more will be rounded up to full-time experience. If you have multiple positions that have overlapping start and/or end dates, only 40 hours of experience will be credited for a given work week. Refer to Resume Tips for more information on how to submit a comprehensive résumé. See information on our base pay ranges and salary structure.

Our comprehensive benefits are among the most generous in the federal government. They include:- Challenging and rewarding work benefiting American consumers - Opportunities for development and advancement- Comprehensive Federal health, vision, dental, life, and long-term care insurance programs- Learn more about Federal benefits programs at: http://files.consumerfinance.gov/f/documents/201706_cfpb_benefits.pdf

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 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.

We will evaluate your application by comparing your description of your work experience, level of responsibility, and accomplishments, with the requirements of the position to determine whether you meet all the qualification requirements.

This notice is issued under the Direct-Hire authority. Using Office of Personnel Management (OPM) approved government-wide direct hire authorities, agencies may appoint candidates directly to jobs, without regard to the provisions of Title 5 U.S.C.3309 through 3318, for which OPM determines that there is a severe shortage of candidates or a critical hiring need. Candidates will be evaluated on their basic eligibility for Federal employment, minimum qualifications and possession of job-related knowledge, skills and abilities and other factors. All applicants who meet basic qualification requirements will be forwarded to the Selecting Official for further consideration. Veterans' Preference and traditional rating and ranking of applicants do not apply to this vacancy.

CAREER TRANSITION ASSISTANCE PLAN (CTAP) OR INTERAGENCY CAREER TRANSITION ASSISTANCE PLAN (ICTAP) If you are a displaced or surplus Federal employee (eligible for the Career Transition Assistance Plan (CTAP)/Interagency Career Transition Assistance Plan(ICTAP)) you must meet specialized experience and any education requirement to receive selection priority.

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