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Research Assistant

Consumer Financial Protection Bureau
This job announcement has closed

Summary

This position is located at Consumer Financial Protection BureauRESEARCH. The purpose of this position is collect and analyze data from primary sources, develop reliable reports, and prepare economic, statistical, or financial analyses on well-defined questions.

See our tips on the application process and printable checklist to ensure each step of the application is completed.

Overview

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Hiring complete
Open & closing dates
05/06/2022 to 05/23/2022
Salary
$48,106 to - $117,762 per year
Pay scale & grade
CN 30 - 40
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 - Occasional travel may be required.
Relocation expenses reimbursed
No
Appointment type
Term - 2 year appointment and may be extended an additional 2 years.
Work schedule
Full-time
Service
Excepted
Promotion potential
51
Supervisory status
No
Security clearance
Not Required
Drug test
No
Announcement number
22-CFPB-230-X
Control number
652931800

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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The following are the duties of this position at the CN-51, broadly equivalent to the GS-11. If you are selected at a lower grade level, you will have the opportunity to learn to perform all these duties, and will receive training to help you grow in this position.

  1. Develop and maintain shared databases; manage the timeliness and integrity of data; maintain documentation of database contents and data flows to ensure that future verification and reproduction of results can take place, coordinating activities of others as needed; produce reports and provide information on database contents to support the requirements of management, data maintainers, and data user.
  2. Apply a variety of economic and statistical analysis and modeling techniques that are used by economists, psychologists, and statisticians for research. Perform straightforward mathematical and statistical calculations to support research and monitoring of policy developments.
  3. Develop expertise in straightforward statistical sampling and modeling to provide technical assistance to researchers and policy analysts. Monitor and report on current developments in assigned consumer financial area.
  4. Make modifications in existing data gathering and statistical reporting procedures and assists in review and adoption of new procedures, applying in-depth knowledge of the source data and data manipulation techniques. Seek out innovative, new sources of data to improve quality of analysis and incorporate them into analysis.
  5. Keep abreast of and write segments of reports on economic or financial developments, and perform systematic collection, analysis and interpretation of economic data to support findings.

A new hire's direct and overall experience are critical factors in determining a salary offer, it is important that your resume fully reflects all of your work experience. The Consumer Financial Protection Bureau determines the salary offer for each selectee based primarily on three key factors:

  • The selectee's directly related experience at the same level as the position
  • The selectee's overall experience in a particular industry or area
  • The salaries of other Bureau employees in similar positions and with similar levels of experience.

We also take the selectee's skill set into account. Applicants should note that salary offers seldom fall near the upper end of the salary range as listed in this vacancy announcement. Salary may be set from the minimum of the salary range to the midpoint of the salary range. In some instances, based on a selectee's extensive experience directly related to the position, salary may be set at or above the mid-point up to the maximum salary for that band level. See information on our base pay ranges and salary structure.

Requirements

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Conditions of employment

Key Requirements:

  1. Please refer to "Conditions of Employment."
  2. Must be U.S. Citizen or U.S. National
  3. A Public Trust background investigation will be required
  4. This position is being filled under the Bureau's excepted service authority.
  5. Appointments under this authority will be made in the excepted service and do not convey competitive status
  6. This appointment may be extended an additional two years.
Due to COVID-19, the Bureau is currently in a maximum telework posture through May 21, 2022. This posture will be lifted as of May 22, 2022 and new hires will be expected to report to the duty station listed on this announcement effective May 23, 2022. Please note, the Bureau is also currently reevaluating its policies and there may be more workplace flexibilities available to employees in the future, which will be subject to managerial approval.

Qualifications

You must meet the following requirements within 30 days of the announcement's closing date.

Specialized Experience: To qualify at the CN-40 level: You must have one year of specialized experience at or equivalent to the CN-30 level in the Federal service. (For qualification purposes, the CN-30 level is broadly equivalent to the GS-07 level.) Specialized experience must include:

  • Hands-on research experience in the application of the principles of economics or statistical or econometric analysis; AND
  • Application of standard quantitative techniques used to research economic, statistical or financial data and information; AND
  • Programming, collecting, and analyzing data in an academic or professional setting; AND
  • Creating and updating charts and data tables in statistical analysis programs such as SAS, STATA, and R.
OR
  • Education: A master's degree or two full academic years of progressively higher level graduate education leading to such degree from an accredited college or university. Graduate education qualifying for this position must be in economics, mathematics, mathematical statistics, statistics, or computer science and must have provided knowledge, skills and abilities comparable to those that would be gained through one year of specialized experience as described above. [All academic degrees and course work must be from accredited or pre-accredited college or university recognized by the U.S. Department of Education.]
OR
  • A combination of successfully completed graduate level education and specialized experience may be used to meet total experience requirements (only graduate level education in excess of the first 18 semester hours (27 quarter hours) may be combined to be considered for qualifying education).
To qualify at the CN-30 level: You must have completion of all requirements for a Bachelor's Degree in one of the following fields - Economics, Mathematics, Mathematical Statistics, Statistics, or Computer Science

OR

A combination of education and experience for one of the these fields as listed in the Basic Requirements for each series.

Education

You MUST submit a copy of your transcripts or equivalent.

Economist, 0110:

  • 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 in A above, plus appropriate experience or additional education.


Mathematics, 1520:
  • Degree: mathematics; or the equivalent of a major that included at least 24 semester hours in mathematics.
OR
  • Combination of education and experience -- courses equivalent to a major in mathematics (including at least 24 semester hours in mathematics), as shown in A above, plus appropriate experience or additional education.

The total course work in either A or B above must have included differential and integral calculus and, in addition, four advanced mathematics courses requiring calculus or equivalent mathematics courses as a prerequisite.

Mathematical Statistics, 1529

  • Degree: that included 24 semester hours of mathematics and statistics, of which at least 12 semester hours were in mathematics and 6 semester hours were in statistics.

OR

  • Combination of education and experience -- at least 24 semester hours of mathematics and statistics, including at least 12 hours in mathematics and 6 hours in statistics, as shown in A above, plus appropriate experience or additional education.

Evaluation of Education:

Courses acceptable toward meeting the mathematics course requirement of paragraphs A or B above must have included at least four of the following: differential calculus, integral calculus, advanced calculus, theory of equations, vector analysis, advanced algebra, linear algebra, mathematical logic, differential equations, or any other advanced course in mathematics for which one of these was a prerequisite. Courses in mathematical statistics or probability theory with a prerequisite of elementary calculus or more advanced courses will be accepted toward meeting the mathematics requirements, with the provision that the same course cannot be counted toward both the mathematics and the statistics requirement.

Evaluation of Experience:

The experience offered in combination with educational courses to meet the requirements in paragraph B above should include evidence of statistical work such as (a) sampling, (b) collecting, computing, and analyzing statistical data, and (c) applying known statistical techniques to data such as measurement of central tendency, dispersion, skewness, sampling error, simple and multiple correlation, analysis of variance, and tests of significance.

Without other indications of statistical experience, work required in the processing of numerical or quantified information by other than statistical methods is not considered appropriate qualifying experience. Examples of such nonqualifying work include statistical clerical work; statistical drafting; calculation of totals, averages, percentages, or other arithmetic summations; preparation of simple tables or charts; or verification of data by simple comparison or proofreading.

Statistics, 1530:
  • Degree: that included 15 semester hours in statistics (or in mathematics and statistics, provided at least 6 semester hours were in statistics), and 9 additional semester hours in one or more of the following: physical or biological sciences, medicine, education, or engineering; or in the social sciences including demography, history, economics, social welfare, geography, international relations, social or cultural anthropology, health sociology, political science, public administration, psychology, etc. Credit toward meeting statistical course requirements should be given for courses in which 50 percent of the course content appears to be statistical methods, e.g., courses that included studies in research methods in psychology or economics such as tests and measurements or business cycles, or courses in methods of processing mass statistical data such as tabulating methods or electronic data processing.
OR
  • Combination of education and experience -- courses as shown in A above, plus appropriate experience or additional education. The experience should have included a full range of professional statistical work such as (a) sampling, (b) collecting, computing, and analyzing statistical data, and (c) applying statistical techniques such as measurement of central tendency, dispersion, skewness, sampling error, simple and multiple correlation, analysis of variance, and tests of significance.
Computer Science, 1550:
Basic Requirements:
  • Bachelor's degree in computer science or bachelor's degree with 30 semester hours in a combination of mathematics, statistics, and computer science. At least 15 of the 30 semester hours must have included any combination of statistics and mathematics that included differential and integral calculus. All academic degrees and course work must be from accredited or pre-accredited institutions.
Evaluation of Education:

Applicants should have sufficient knowledge to understand the fundamental concepts and techniques of computer science. Courses designed to provide an introduction to computer science techniques and methodologies, to problems of system design, and to other specialized fields are acceptable. Courses or experience in teaching elementary, business, or shop mathematics are not acceptable.

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.
  • 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.
CONDITIONS OF EMPLOYMENT:
  • A two year trial period may be required.
  • A trial period that will cover the full period of the appointment 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.

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, responses to the online questions, 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.

Category rating will be used to rank and select eligible candidates. If qualified, you will be assigned to one of three quality level categories: A (highest quality category), B (middle quality category), or C (minimally qualified category) depending on your responses to the online questions, regarding your experience, education, and training related to this position. Your rating may be lowered if your responses to the online questions are not supported by the education and/or experience described in your application.

If you meet the minimum qualification requirements and receive a score within the top tier of candidates on the self-assessment questions, you will then be required to participate in a written exercise. Upon receiving an email notification from a CFPB representative (via email) to participate in this exercise, applicants must acknowledge with a response within three business days or he/she will be removed from consideration for this position. It is advised to occasionally check your "junk mail"/SPAM folders within your email to ensure you do not miss a message. The CFPB representative will then schedule a time for the applicant to receive instructions and complete and/or submit the exercise. The entire process must be completed by the applicant within two weeks from the initial contact from a CFPB representative or he/she will be removed from consideration.

Rating: Your application will be evaluated through a simulation exercise in the following areas: Subject Matter Expertise: Quantitative Analysis and Written Communication.

If you meet the minimum qualification requirements and receive a score within the top tier of candidates, your work simulation exercise will be evaluated by a panel of subject matter experts. The simulation is a required assessment for this announcement.

Veterans' preference is applied after applicants are assessed. CN-30: Preference-eligibles will be listed at the top of their assigned category and considered before non-preference-eligibles in that category. CN-40: Qualified preference-eligibles with a compensable service-connected disability of 10% or more will be listed at the top of the highest category.

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.

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