The purpose of this position is to initiate, plan, conduct, supervise, and evaluate a wide variety of highly sophisticated and in-depth economic policy studies relating (but not limited) to the formulation and execution of domestic economic policies. Particular attention is to be focused on short- and long-term macroeconomic analysis, and on evaluating macro policy options related to the Social Security and Medicare programs.
Summary
The purpose of this position is to initiate, plan, conduct, supervise, and evaluate a wide variety of highly sophisticated and in-depth economic policy studies relating (but not limited) to the formulation and execution of domestic economic policies. Particular attention is to be focused on short- and long-term macroeconomic analysis, and on evaluating macro policy options related to the Social Security and Medicare programs.
Initiates, plans, conducts, and evaluates a wide variety of highly substantive economic research relating to those duties described in the introduction. Supervises a staff of economists, most with PhDs.
Oversees a broad range of highly substantive macroeconomic research from the macro staff of the Office of Economic Policy. This research will typically draw on advanced statistical methods and comprehensive knowledge of macroeconomic data and relevant institutions. These areas include (but are not limited to) evaluating the effects of Federal fiscal and monetary policies on such variables as real GDP growth, inflation, unemployment, business investment, savings, and productivity. Evaluates prospects for the Social Security and Medicare programs, including forecasting the effects of differing rates of economic growth and demographic changes. Develops economic models for assessing the effects of various policy proposals on the programs. Much of this analysis is carried out with econometric models. This research provides the substantive basis for decision¬ making by the Secretary, Deputy Secretary, and Assistant Secretaries of the Treasury Department.
Supervises the yield curve project. Currently included in the yield curve project are the High Quality Market (HQM) Corporate Bond Yield Curve, the Treasury Nominal Coupon-Issue (TNC) and Treasury Real Coupon-Issue (TRC) Yield Curves, and the Treasury Breakeven Inflation (TBI) Curve.
Supervises Treasury economists in the preparation of memos and background and briefing materials on economic data and their meaning. The staff prepares multiple memos and reports on the state of the U.S. economy and new economic releases, including writing advance memos to the Secretary on new data. The incumbent oversees a process for producing these materials and fact-checking their accuracy.
Uses advanced statistical methods. Primary focus is the analysis of the performance and growth of the economy, calling upon a sophisticated understanding of economic data construction.
Participates and supervises staff in the twice-yearly forecasting exercises of the "Troika" group responsible for preparing the Administration's economic forecast. In this capacity, engages in research of special topics necessary for evaluating the short- and long-term prospects for the economy, such as the economy's growth potential, labor demand and supply, productivity, and inflation rates.
Supervises definitive reports of findings in connection with matters that related to the broad economic responsibilities of the Assistant Secretary (Economic Policy); makes independent reviews, evaluations, and comments on reports, memoranda, and recommendations submitted by constituent offices. These studies are important, highly sensitive, and often present problems of considerable difficulty. These studies and reports are for use of Senior Treasury officials, including the Secretary and Deputy Secretary, in formulating a Departmental position on policy issues and are submitted for the review and approval of the Office Director and for Deputy Assistant Secretary for Macroeconomic Policy. Studies relating to Social Security and Medicare are to be coordinated with the Office Director for Microeconomic Analysis and/or the Deputy Assistant Secretary.
Supervises the preparation of background and briefing materials, issue papers, and drafts of public speeches and congressional presentations for the Secretary of the Treasury, Deputy Secretary, Assistant Secretary (Economic Policy) and other Senior Treasury officials. Reviews and comments on such material from other Federal agencies. Identifies problems and presents substantive alternatives to such officials. Frequently, the incumbent's input has a considerable effect on policy decisions by these Senior Treasury officials. Prepares draft comments on proposed legislation and drafts replies to Congressional and private inquiries.
Attends interdepartmental, departmental, and other conferences, meetings, and hearings at the request of the Assistant Secretary, the Deputy Assistant Secretary, or Director, Office of Macroeconomic Analysis or Macroeconomic Analysis. This is done as a representative of the Office of the Assistant Secretary (Economic Policy). In such cases, the incumbent has authority to answer substantive questions and to make commitments for these individuals for the Office of the Assistant Secretary for Economic Policy (within established policies). Relays information or instructions from the Assistant Secretary (Economic Policy) and the Deputy Assistant Secretary to other Treasury and Departmental officials.
Regularly monitors developments in economic activity and directs the staff of the Office Macroeconomic Analysis in their preparations of Treasury positions on the economic outlook.
Candidates are strongly encouraged to address each of the Executive Core Qualifications (ECQs) and Mandatory Technical Qualifications (MTQs) separately. Candidates who choose not to address both the ECQs and MTQs separately will not be disqualified; but must ensure their resume addresses each sufficient for evaluation.
Please provide examples that are clear and concise, and emphasize your level of responsibility, the scope and complexity of programs you managed, program accomplishments, policy initiatives undertaken, and the level of your contacts. All qualified candidates will be evaluated on the relevance of their experience, education, training, self-development, honors, awards, and outside activities. Applicants must possess the specialized experience as specified to qualify for this position. You must meet the following requirements by the closing date of this announcement:
EXECUTIVE CORE QUALIFICATIONS (ECQs): The ECQs describe the leadership skills needed to succeed in executive-level positions and are in addition to the specific technical qualifications listed above. Additional information is available at ECQs.
ECQ 1 - Leading Change - The ability to bring about strategic change, both within and outside the organization, to meet organizational goals. Inherent to this ECQ is the ability to establish an organizational vision and to implement it in a continuously changing environment. Competencies: creativity and innovation, external awareness, flexibility, resilience, strategic thinking, and vision.
ECQ 2 - Leading People - The ability to lead people toward meeting the organization's vision, mission, and goals. Inherent to this ECQ is the ability to provide an inclusive workplace that fosters the development of others, facilitates cooperation and teamwork, and supports constructive resolution of conflicts. Competencies: conflict management, leveraging diversity, developing others, and team building.
ECQ 3 - Results Driven - The ability to meet organizational goals and customer expectations. Inherent to this ECQ is the ability to make decisions that produce high-quality results by applying technical knowledge, analyzing problems, and calculating risks. Competencies: accountability, customer service, decisiveness, entrepreneurship, problem solving, and technical credibility.
ECQ 4 - Business Acumen - The ability to manage human, financial, and information resources strategically. Competencies: financial management, human capital management, and technology management.
ECQ 5 - Building Coalitions - The ability to build coalitions internally and with other federal agencies, state and local governments, nonprofit and private-sector organizations, foreign governments, or international organizations to achieve common goals.
MANDATORY TECHNICAL QUALIFICATIONS (MTQs): The MTQs describe the necessary technical knowledge, skills, and competencies needed to successfully perform the duties of this position. Experience must have been at a sufficiently high level of difficulty to show clearly that the candidate possesses the required professional and technical qualifications and core qualifications set forth below.
MTQ 1 - Has experience leading analysis and providing guidance to senior officials on a wide range of issues related to the current state of the United States economy and the federal budget. Has demonstrated ability to identify important emerging macroeconomic trends and to lead a sizeable team of economists in preparation of independent and timely technical assessments of these developments and policy proposals, sometimes on tight deadlines. Successful in building coalitions across a wide range of stakeholders within and outside of the agency on behalf of senior officials and managers in order to achieve consensus on strategy on economic policy issues.
MTQ 2 - Has broad knowledge and thorough understanding of the issues affecting the outlook for the U.S. economy and the tools used to project the performance of the economy and the federal budget over a ten-year forecast period. Able to make independent and timely technical assessments of issues bearing on the macroeconomic outlook and to lead a team in preparing a ten-year economic projection. Successful at building coalitions across a wide variety of stakeholders within and outside of the agency on behalf of senior officials and managers to achieve consensus on strategy on economic policy issues.
MTQ 3 - Has extensive, diversified experience analyzing the Bureau of Economic Analysis system of National Income and Product Accounts and the ability to clearly communicate how current and prospective economic developments are treated within these accounts. Has used knowledge of the accounts to advise senior officials on how incoming source data were likely to influence preliminary and revised estimates of GDP.
Additional information
Social Security Number: Your Social Security Number is requested under the authority of Executive Order 9397 to uniquely identify your records from those of other applicants who may have the same name. As allowed by law or Presidential directive, your Social Security Number is used to seek information about you from employers, schools, banks, and others who may know you. Failure to provide your Social Security Number on your application materials, will result in your application not being processed. Privacy Act: Privacy Act Notice (PL 93-579): The information requested here is used to determine qualifications for employment and is authorized under Title 5 U.S.C. 3302 and 3361. Signature: Before you are hired, you will be required to sign and certify the accuracy of the information in your application. False Statements - If you make a false statement in any part of your application, you may not be hired; you may be fired after you begin work; or you may be subject to fine, imprisonment, or other disciplinary action. Selective Service: If you are a male applicant born after December 31, 1959, you must certify that you have registered with the Selective Service System, or are exempt from having to do so under the Selective Service Law. The materials you send with your application will not be returned. Send only those materials needed to evaluate your application. Please do not place your application in a notebook or binder. For further information pertaining to the SES, applicants are encourage to visit: SES Financial Disclosure: All employees of the Federal Government are subject to the conflict of interest statutes and regulations, including the Standards of Ethical Conduct. Upon hire, and on an annual basis thereafter, the incumbent of this position will be required to file a public financial disclosure report. The incumbent may be prohibited from holding certain financial interests.
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.
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.
Rating: Your application package will be reviewed for completeness (resume and supporting documentation). You will not be considered if you fail to submit all the required documents as outlined in this announcement.
If you meet the requirements, your resume will be evaluated by an Executive Resources Board (ERB) rating and ranking panel to determine the extent to which you possess the required executive competencies based on your resume, ECQs, and MTQs.
Referral: If you are among the top qualified candidates, your application may be referred to a selecting official for consideration. You may be required to participate in a selection interview.
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.
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.
A complete application includes 1. A resume, 2. Vacancy question responses, and 3. Submission of any required documents. Please note that, if you do not provide all required information, as specified in this announcement, you may not be considered for this position (or may not receive the special consideration for which you may be eligible).
All applicantsare required to submit a resume either by creating one in USAJOBS or uploading one of their own choosing. (Cover letters are optional.) To receive full credit for relevant experience, please list the month/date/year and number of hours worked for experience listed on your resume. We suggest that you preview the online questions, as you may need to customize your resume to ensure that it supports your responses to these questions. Please view these resume tips.
If you are a current, retired, or former federal employee, you must provide a copy of your most recent SF-50, Notification of Personnel Action, to verify your status.
If you are relying on your education to meet qualification requirements:
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.
The following instructions outline our application process. You must complete this application process and submit any required documents by 11:59 p.m. Eastern Time (ET) on the closing date of this announcement. We are available to assist you during business hours (normally 8:00 a.m. - 5:00 p.m. ET, Monday - Friday). If applying online poses a hardship, please contact us by noon ET on the announcement's closing date.
DO provides reasonable accommodation to applicants with disabilities on a case-by-case basis. Please contact us if you require this for any part of the application and hiring process.
To begin, either click the “Create a New Account” button and follow the prompts to register or if you previously registered, click the "Apply Online" button and follow the prompts.
You will be re-directed to DO's CareerConnector system to complete your application process; answer the online questions, and submit all required documents. (To submit supporting documents, click one of the available options; Upload; Fax; or Reuse existing documents. To protect your privacy, we suggest you first remove your SSN). Also, go to “My Account” to view and update your information, as necessary.
To complete, you must click the “Finish” button located at the bottom of the “Application Review” page.
To verify your application is complete, log into your USAJOBS account, select the Application Status link and then select the more information link for this position. The Details page will display the status of your application, the documentation received and processed, and any correspondence the agency has sent related to this application.
To return to an incomplete application, log into your USAJOBS account and click Update Application in the vacancy announcement. You must re-select your resume and/or other documents from your USAJOBS account or your application will be incomplete.
Departmental Offices (DO)
1500 Pennsylvania Avenue NW
Washington, District of Columbia 20220
United States
Next steps
You may check the status of your application for this position at any time by logging onto the USAJOBS “My Account” tab and clicking on “Application Status”. For a more detailed update of your application status, you may click on “more information.”
Please notify us if your contact information changes after the closing date of the announcement. Also, note that if you provide an email address that is inaccurate or if your mailbox is full or blocked (e.g., spam-blocker), you may not receive important communication that could affect your consideration for this position.
The Federal hiring process is set up to be fair and transparent. Please read the following guidance.
A complete application includes 1. A resume, 2. Vacancy question responses, and 3. Submission of any required documents. Please note that, if you do not provide all required information, as specified in this announcement, you may not be considered for this position (or may not receive the special consideration for which you may be eligible).
All applicantsare required to submit a resume either by creating one in USAJOBS or uploading one of their own choosing. (Cover letters are optional.) To receive full credit for relevant experience, please list the month/date/year and number of hours worked for experience listed on your resume. We suggest that you preview the online questions, as you may need to customize your resume to ensure that it supports your responses to these questions. Please view these resume tips.
If you are a current, retired, or former federal employee, you must provide a copy of your most recent SF-50, Notification of Personnel Action, to verify your status.
If you are relying on your education to meet qualification requirements:
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.
The following instructions outline our application process. You must complete this application process and submit any required documents by 11:59 p.m. Eastern Time (ET) on the closing date of this announcement. We are available to assist you during business hours (normally 8:00 a.m. - 5:00 p.m. ET, Monday - Friday). If applying online poses a hardship, please contact us by noon ET on the announcement's closing date.
DO provides reasonable accommodation to applicants with disabilities on a case-by-case basis. Please contact us if you require this for any part of the application and hiring process.
To begin, either click the “Create a New Account” button and follow the prompts to register or if you previously registered, click the "Apply Online" button and follow the prompts.
You will be re-directed to DO's CareerConnector system to complete your application process; answer the online questions, and submit all required documents. (To submit supporting documents, click one of the available options; Upload; Fax; or Reuse existing documents. To protect your privacy, we suggest you first remove your SSN). Also, go to “My Account” to view and update your information, as necessary.
To complete, you must click the “Finish” button located at the bottom of the “Application Review” page.
To verify your application is complete, log into your USAJOBS account, select the Application Status link and then select the more information link for this position. The Details page will display the status of your application, the documentation received and processed, and any correspondence the agency has sent related to this application.
To return to an incomplete application, log into your USAJOBS account and click Update Application in the vacancy announcement. You must re-select your resume and/or other documents from your USAJOBS account or your application will be incomplete.
Departmental Offices (DO)
1500 Pennsylvania Avenue NW
Washington, District of Columbia 20220
United States
Next steps
You may check the status of your application for this position at any time by logging onto the USAJOBS “My Account” tab and clicking on “Application Status”. For a more detailed update of your application status, you may click on “more information.”
Please notify us if your contact information changes after the closing date of the announcement. Also, note that if you provide an email address that is inaccurate or if your mailbox is full or blocked (e.g., spam-blocker), you may not receive important communication that could affect your consideration for this position.
Fair and transparent
The Federal hiring process is set up to be fair and transparent. Please read the following guidance.
