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Financial Data Scientist (Operations Research Analyst)

Department of the Treasury
Treasury, Departmental Offices
This job announcement has closed

Summary

The position is located at the Treasury Department, Departmental Offices, Under Sec Domestic Finance, Office of Financial Research (OFR), Office of the Deputy Director Data Center, Data Products, participating in the anticipation of future needs and helps to provide data driven insights used to inform major policy, strategy, or regulatory decisions, performing analysis in developing and verifying hypotheses, concepts, theories, and proposals in a variety of technical and analytical areas.

Overview

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Hiring complete
Open & closing dates
12/19/2023 to 12/26/2023
Salary
$98,458 to - $183,307 per year
Pay scale & grade
OR 51 - 53
Location
2 vacancies in the following location:
Anywhere in the U.S. (remote job)
Remote job
Yes
Telework eligible
Not applicable, this is a remote position.
Travel Required
Occasional travel - Rare, if/as needed.
Relocation expenses reimbursed
No
Appointment type
Permanent
Work schedule
Full-time
Service
Competitive
Promotion potential
53
Job family (Series)
Supervisory status
No
Security clearance
Not Required
Drug test
No
Announcement number
24-DO-208-DH
Control number
766549000

Duties

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The following are the duties of this position at the OR-53. 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.
- Collaborate with key stakeholders in the OFR's Research & Analysis and Information Technology divisions to initiate, conduct, and support, diverse and complex quantitative analysis.
- Support the acquisition of data for research objectives, combining, and preparing data for analytic needs, planning, and executing the analysis of data, generating diagnostics, compare model results, and participate in the discussion on a range of decisions that produces the most desirable set of outcomes.
- Generate insights from evaluating situational, operational, and behavioral data through the intersection of statistical, computational, and contextual domains. As analysis and research studies become more difficult due to scale and complexity, the incumbent is responsible for investigating more novel or non-traditional approaches to problem solving.
- Provide technical knowledge to broad financial data research projects on areas related to statistical methods, programing, data product development, big data, and feature engineering.
-Work both autonomously, and collaboratively, contributing to projects on matrixed teams, within the OFR, Data Center, and Data Products Team.

Requirements

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Conditions of employment

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 resumé.

Key Requirements:
  1. Please refer to "Conditions of Employment."
  2. Click "Print Preview" to review the entire announcement before applying.
  3. Must be U.S. Citizen or U.S. National
  4. Public Trust background investigation will be required.

Qualifications

You must meet the following requirements by the closing date of this announcement.

SPECIALIZED EXPERIENCE:
For the OR-53, (GS-13 equivalent): An applicant must have one year of specialized experience at, or equivalent to, at least the OR-52 (GS-12 equivalent) in the Federal service, directly related to the position to be filled and that has equipped the candidate with the particular knowledge, skills, and abilities to successfully perform the duties of the position. Specialized experience for this position includes ALL of the following:
- Analyzing data using statistical and mathematical techniques to evaluate program effectiveness; AND
- Experience writing code in a statistical or computer programming language such as SAS, R or Python to aid in analysis; AND
- Evaluating models, recommendations, and reports to solve problems with nationwide impact.

For the OR-52, (GS-12 equivalent): An applicant must have one year of specialized experience at, or equivalent to, at least the OR-51 (GS-11 equivalent) in the Federal service, directly related to the position to be filled and that has equipped the candidate with the particular knowledge, skills, and abilities to successfully perform the duties of the position. Specialized experience for this position includes ALL of the following:
- Reviewing data using statistical and mathematical techniques to evaluate program effectiveness; AND
- Experience writing code in a statistical or computer programming language such as SAS, R or Python to aid in analysis; AND
- Assisting in the development, maintenance, and enhancement of data (feature engineering), macroprudential financial models, analysis, data products (financial monitors), and visualizations that provide insights on the factors and externalities that affect financial stability.

For the OR-51, (GS-11 equivalent): An applicant must have one year of specialized experience at, or equivalent to, at least the OR-42 (GS-09 equivalent) in the Federal service, directly related to the position to be filled and that has equipped the candidate with the particular knowledge, skills, and abilities to successfully perform the duties of the position. Specialized experience for this position includes ALL of the following:
- Reviewing data using statistical and mathematical techniques to assist in evaluating program effectiveness; AND
- Experience writing code in a statistical or computer programming language such as SAS, R or Python to aid in analysis; AND
- Assisting in the performance of analyses of large-scale data and preparing findings.
OR
You may substitute education for specialized experience as follows:
- a Ph.D. or equivalent doctoral degree; OR
- 3 full years of progressively higher level graduate education leading to such a degree; OR
- a LL.M., if related; OR
- have a combination of specialized experience and graduate level education. Only graduate level education in excess of the first 36 semester hours may be used as qualifying when combining education and experience.

Education

Basic Requirements:

Degree:
in operations research; or at least 24 semester hours in a combination of operations research, mathematics, probability, statistics, mathematical logic, science, or subject-matter courses requiring substantial competence in college-level mathematics or statistics. At least 3 of the 24 semester hours must have been in calculus.

Evaluation of Education:
The primary requirement of operations research work is competence in the rigorous methods of scientific inquiry and analysis rather than in the subject matter of the problem. Therefore, applicants should have sufficient knowledge of applied mathematics to understand and use the fundamental concepts and techniques of operations research methods of analysis. In addition, some positions may require knowledge of a specific subject area.

Courses acceptable for qualifying for operations research positions may have been taken in departments other than Operations Research, e.g., Engineering (usually Industrial Engineering), Science, Economics, Mathematics, Statistics, or Management Science.

The following are illustrative of acceptable courses: optimization; mathematical modeling; queueing theory; engineering; physics (except descriptive or survey courses); econometrics; psychometrics; biometrics; experimental psychology; physical chemistry; industrial process analysis; managerial economics; computer science; measurement for management; mathematical models in social phenomena; and courses that involved application of operations research techniques and methodologies to problems of management, marketing, systems design, and other specialized fields; or other comparable quantitative analysis courses for which college-level mathematics or statistics is a prerequisite. Courses in theory of probability and statistics are highly desirable, but are not specified as minimum educational requirements because to do so would possibly exclude some applicants who would otherwise be well qualified.

Additional information

OTHER INFORMATION:

  • We may select from this announcement or any other source to fill one or more vacancies.
  • This is a non-bargaining unit position.
  • We offer opportunities for flexible work schedules.
CONDITIONS OF EMPLOYMENT:
  • 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.
  • This position requires that the successful candidate undergo personnel vetting, which includes a background investigation and enrollment upon onboarding into "Continuous Vetting." Enrollment in Continuous Vetting will result in automated record checks being conducted throughout one's employment with Treasury. The successful candidate will also be enrolled into FBI's Rap Back service, which will allow Treasury to receive notification from the FBI of criminal matters (e.g., arrests, charges, convictions) involving enrolled individuals in near real-time. For more information about individual rights, Noncriminal Justice Applicant's Privacy Rights - FBI, FD-258 Privacy Act Statement - FBI, and SEAD-3-Reporting-U.pdf (dni.gov).

Our comprehensive benefits are very generous. Our benefits package includes:

  • Challenging work, opportunities for advancement, competitive salaries, bonuses and incentive awards.
  • Eleven paid holidays, 13 days of sick leave, and 13 to 26 days of vacation time each year.
  • Access to insurance programs that may be continued after you retire.
  • A wide choice of health insurance plans, coverage for pre-existing conditions, and no waiting periods. We pay a substantial amount (up to 75%) of the health insurance premiums.
  • A retirement program which includes employer-matching contributions.
  • Learn more about Federal benefits programs at: https://help.usajobs.gov/index.php/Pay_and_Benefits

How you will be evaluated

You will be evaluated for this job based on how well you meet the qualifications above.

This announcement is issued under the "direct-hire" authority. Consistent with 5 U.S.C. 3304(a)(3) and OPM regulations (5 CFR 337 Subpart B) on direct-hire: All candidates who meet all the qualifications and other eligibility requirements may be referred for consideration. Competitive examining rules providing for rating and ranking and veterans' preference do not apply.


Your application includes your resumé, responses to the online questions, and required supporting documents. Please be sure that your resumé includes detailed information to support your qualifications for this position; failure to provide sufficient evidence in your resumé may result in a "not qualified" determination.

Rating: Your application will be evaluated in the following areas: Research & Analysis, Technical, and Communication.

Referral: All candidates who meet all the qualifications and other eligibility requirements may be referred for consideration. Competitive examining rules providing for rating and ranking and veterans' preference do not apply.

This announcement is issued under "direct-hire" authority. Consistent with 5 U.S.C 3304(a)(3) and OPM regulations (5 CFR 337 Subpart B) on direct-hire: All candidates who meet all the qualification and other eligibility requirements may be referred for consideration. Competitive examining rules providing for rating and ranking and veterans' preference do not apply.

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 have a score of 85 or better to be rated as "well qualified" to receive special selection priority.

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