This position is located in the Risk Surveillance Branch of the Division of Clearing and Risk (DCR). The Risk Surveillance Branch conducts financial and risk surveillance of derivatives market 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.
Summary
This position is located in the Risk Surveillance Branch of the Division of Clearing and Risk (DCR). The Risk Surveillance Branch conducts financial and risk surveillance of derivatives market 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.
The incumbent is a member of the Risk Analytics unit, and participates in the design, development and maintenance of RSB’s risk analytics platform to measure, monitor and assess risk exposures across exchange-traded futures and options, cleared and uncleared swaps, and where appropriate, related cash markets. The risk analytics platform is an integration of data, technology, analytical tools, and reports generation capabilities related to futures and options, swaps, and related cash markets. In addition to interfacing closely with the rest of RSB to assess their needs and collaborating with them on the design of analytical tools, the incumbent independently researches tools and metrics developed by market participants and the academic research community.
As a member of the Risk Analytics unit, the incumbent participates in the design, coordination, and execution of CFTC’s annual Supervisory Stress Tests by collaborating with other RSB and DCR staff, and with other relevant regulatory authorities. The incumbent collaborates with other RSB teams to ensure that there is a feedback loop between the daily risk surveillance activities, periodic supervisory stress tests, and the quantitative assessments of the margin model team. The incumbent is responsible for ensuring that tools and analytical capabilities developed for supervisory stress tests are brought into the daily risk surveillance program.
At the full performance level as a Risk Analyst (Risk Analytics) in the Risk Surveillance Branch, you will:
Execute roles as directed for the Division's risk analytics program related to futures, options, and swaps;
Participate in the design, development and maintenance of RSB’s risk analytics platform;
Coordinate with the margin model and the daily surveillance units, as well as other relevant regulatory agencies in the design, planning and execution of supervisory stress tests;
Interface with the Office of Data and Technology for core infrastructure and shared resources, as well as for vendor-provided solutions.
NOTE: CANDIDATES HAVE THE OPTION TO SELECT FROM 3 DUTY LOCATIONS, CHICAGO, IL, NEW YORK, NY OR WASHINGTON, DC HOWEVER, THERE IS ONLY 1 VACANCY.
Males born after 12-31-1959 must be registered for Selective Service
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Qualifications
CT-12: 1 year of specialized experience equivalent to the GS/CT-11 level; or Specialized experience is defined as experience applying analytical techniques, automated tools, data visualizations, and related methods to analyze large databases. In addition, experience using tools such as SAS, Matlab, R, and Python, ability to mine large databases, and create data visualizations. This experience may have been gained either through academic coursework or research related to a master’s or doctoral degree, or work experience.
CT-13: Applicants must have one year of specialized experience equivalent to the GS/CT-12 level; or specialized experience applying analytical techniques, automated tools, data visualizations, and related methods to analyze large databases in the context of financial markets – stocks, bonds, futures, options and swaps or OTC derivatives. In addition, knowledge of derivatives market structure (which may have been gained as a mid-level Economist, mid Risk Analyst or other financial professional).
CT-14: Applicants must have one year of specialized experience equivalent to the GS/CT-13 level. Specialized experience is defined as (1) using economic and statistical theories and trading techniques relating to the derivatives markets and related cash markets to measure, monitor and assess risk factors; and (2) developing new analysis techniques, automated tools, data visualizations, data analysis, and mining of very large databases; and (3) using software applications for the analysis, reporting, and visualization of data contained in databases and the ability to develop working software prototypes for advanced analytics capabilities; (4) communicating with technical staff about technology improvements and market participants about study results; (5) knowledge of derivatives market structure, and of risk management concepts, techniques and methods in the context of financial market activities and institutions; (6) knowledge of functions and roles clearing houses and their risk management systems and processes.
*The experience may have been gained in either the public or private sector. One year of experience refers to full-time; part-time work is considered on a prorated basis.
Education
Desirable - applicants who possess either a master's or doctoral degree in Economics, Finance, Statistics, Mathematics, or equivalent from an accredited college or university.
Additional information
Relocation. Relocation expenses will not be paid.
Must serve a one year probationary period.
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:
A copy of their agency reduction-in-force notice;
A copy of your most recent Performance Rating;
A copy of your most recent SF-50 noting current or last position held, the grade level, and the duty location; and
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.
EEO Policy Statement. The United States Government does not discriminate in employment on the basis of race, color, religion, sex, national origin, genetic information, political affiliation, sexual orientation, marital status, disability, age, membership in an employee organization, or other non-merit factor.
Reasonable Accommodation. Federal agencies must provide reasonable accommodation to applicants with disabilities where appropriate. Applicants requiring reasonable accommodation for any part of the application and hiring process should contact the hiring agency directly. Determinations on requests for reasonable accommodation will be made on a case-by-case basis.
Please Note: More than one selection maybe made from this vacancy.
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.
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 the Member Copy 4 of your DD-214 (Certificate of Release or Discharge from Active Duty); 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 eligible are listed ahead of non-veterans within each category for which they are qualified. In addition, qualified veterans with a compensable service-disconnected disability of 10% or more are placed at the top of the highest quality category (i.e., Best Qualified).
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.
Your application will be evaluated and rated under CFTC Category Rating and Selection Procedures. Your resume and supporting documentation will be used to determine whether you meet the job qualifications listed on this announcement. If you are minimally qualified for this job, your resume and supporting documentation will be compared to your responses on the online assessment questionnaire. If you rate yourself higher than is supported by your application materials, your responses may be adjusted and/or you may be excluded from consideration for this job. Your application will then be placed in one of three categories: Best Qualified, Well Qualified, or Qualified. Names of all candidates in the best qualified category will be sent to the hiring official for employment consideration. Candidates within the best qualified category who are eligible for veterans preference will receive selection priority over non-veteran preference eligibles.
You will be evaluated on the basis of your level of competency (knowledge, skills and abilities) in the following areas:
Quality Ranking Factors: You must meet the quality factors.
1. Knowledge of financial risk and trading operations and practices of futures, swaps, or securities organizations or other service industry organizations.
2. Knowledge of financial and business principles, operations and practices of business organizations.
3. Skill in analyzing internal and external data to identify the efficiency, and effectiveness of programs and activities.
4. Skill in communicating in a clear, concise and effective manner, both orally and in writing, in order to prepare reports that document analysis, findings, and conclusions. To preview questions please click here.
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.
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 the Member Copy 4 of your DD-214 (Certificate of Release or Discharge from Active Duty); 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 eligible are listed ahead of non-veterans within each category for which they are qualified. In addition, qualified veterans with a compensable service-disconnected disability of 10% or more are placed at the top of the highest quality category (i.e., Best Qualified).
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.
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.
YOU MUST APPLY ONLINE: Your complete application, including required documents, must be received by 11:59 p.m. Eastern Time (EST) on the closing date of this announcement. You must complete and submit an application by accessing the USAJOBS website at USAJOBS.GOV. To begin, click the Apply Online button within the vacancy announcement and follow the prompts to create an account using LOGIN.GOV, if you have not done so already. LOGIN.GOV will walk you through each step of the account set-up and will automatically link your USAJOBS profile to LOGIN.GOV. Once you have established an account using LOGIN.GOV, you will then go back to USAJOBS.GOV using your LOGIN.GOV user name and password to answer the questions, and submit all required documents. If you already have established an LOGIN.GOV account or want to return to your saved application go to USAJOBS.GOV using your LOGIN.GOV user name and password to apply or view your profile. If you have problems completing your on-line application, including problems submitting your supporting documents, please contact the Help Desk by e-mail at mgshelp@monster.com or phone at 1-866.656.6831. The help desk is available Monday-Friday, 7:00 a.m. to 7:00 p.m. EST.
To verify the status of your application, log into your USAJOBS account (https://my.usajobs.gov/Account/Login), all of your applications will appear on the Welcome screen. The Application Status will appear along with the date your application was last updated. For information on what each Application Status means, visit: https://www.usajobs.gov/Help/how-to/application/status/.
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.
Commodity Futures Trading Commission
CFTC
Three Lafayette Centre
1155 21st Street, NW
Washington, District of Columbia 20581
United States
Next steps
Your status will also be updated on USAJOBS throughout the process. You can check your status, by accessing the USAJOBS website at http://usajobs.gov/ and clicking on "Track Your Online Application."
The Federal hiring process is set up to be fair and transparent. Please read the following guidance.
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.
YOU MUST APPLY ONLINE: Your complete application, including required documents, must be received by 11:59 p.m. Eastern Time (EST) on the closing date of this announcement. You must complete and submit an application by accessing the USAJOBS website at USAJOBS.GOV. To begin, click the Apply Online button within the vacancy announcement and follow the prompts to create an account using LOGIN.GOV, if you have not done so already. LOGIN.GOV will walk you through each step of the account set-up and will automatically link your USAJOBS profile to LOGIN.GOV. Once you have established an account using LOGIN.GOV, you will then go back to USAJOBS.GOV using your LOGIN.GOV user name and password to answer the questions, and submit all required documents. If you already have established an LOGIN.GOV account or want to return to your saved application go to USAJOBS.GOV using your LOGIN.GOV user name and password to apply or view your profile. If you have problems completing your on-line application, including problems submitting your supporting documents, please contact the Help Desk by e-mail at mgshelp@monster.com or phone at 1-866.656.6831. The help desk is available Monday-Friday, 7:00 a.m. to 7:00 p.m. EST.
To verify the status of your application, log into your USAJOBS account (https://my.usajobs.gov/Account/Login), all of your applications will appear on the Welcome screen. The Application Status will appear along with the date your application was last updated. For information on what each Application Status means, visit: https://www.usajobs.gov/Help/how-to/application/status/.
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.
Commodity Futures Trading Commission
CFTC
Three Lafayette Centre
1155 21st Street, NW
Washington, District of Columbia 20581
United States
Next steps
Your status will also be updated on USAJOBS throughout the process. You can check your status, by accessing the USAJOBS website at http://usajobs.gov/ and clicking on "Track Your Online Application."
Fair and transparent
The Federal hiring process is set up to be fair and transparent. Please read the following guidance.
