Apply now for an exciting opportunity at the Commodity Futures Trading Commission (CFTC). CFTC promotes the integrity, resilience, and vibrancy of the U.S. derivatives markets through sound regulation. Please visit www.cftc.gov. The CTFC is currently operating in a remote posture. If selected for this position, you will be required to report to a CFTC location for onboarding. Per Agency's policy, you may have to follow reporting procedures.
Summary
Apply now for an exciting opportunity at the Commodity Futures Trading Commission (CFTC). CFTC promotes the integrity, resilience, and vibrancy of the U.S. derivatives markets through sound regulation. Please visit www.cftc.gov. The CTFC is currently operating in a remote posture. If selected for this position, you will be required to report to a CFTC location for onboarding. Per Agency's policy, you may have to follow reporting procedures.
Internships - Excepted service - Temporary - Not to exceed 9/30/2024
Work schedule
Full-time
Service
Excepted
Promotion potential
Note - If selected at the CT-07 level the full promotion potential is the CT-07. If selected at the CT-09 level the full promotion potential is the CT-09. Temporary positions do not have promotion potential.
CFTC will accept applications from currently enrolled students who will have completed at least one or two years at an accredited school by May 31, 2024.
The CFTC is currently hiring students studying economics under the Pathways Program. The CFTC offers substantive work that gives interns an opportunity to demonstrate their skills through work experience. Students will be assigned to work with CFTC staff members on projects and assignments that cover a broad range of the Commissions’ work.
Students may be assigned to one of the following Divisions:
Chairman/Commissioner's Office
Five Commissioners administer the CFTC, all Commissioners are appointed by the President, with the advice and consent of the Senate. The President designates one of the Commissioners to serve as Chairman. The Chairman and Commissioners sponsor advisory committees as well as provide market oversight.
Division of Clearing and Risk (DCR)
DCR oversees derivatives clearing organization (DCOs) and other market participants in the clearing process. DCR monitors the clearing of futures, options on futures, and swaps by DCOs, assesses DCO compliance with Commission regulations, and conducts risk assessment and surveillance.
Duties of an economics intern under one of the following branches for DCR includes:
Risk Surveillance Branch
Students majoring in economics/finance will assist RSB staff with research on the market structure of the cleared derivatives and related markets. This will include risk management practices and procedures of clearing houses, their members and clients, as well as usage of these products by market participants.
Students majoring in statistics/math will assist RSB staff in the quantitative risk analysis of exposures in cleared and uncleared derivatives markets using data reported to us by clearing houses and their members, data from trade repositories, as well as publicly available data
Examinations Branch
Students majoring in finance or economics will work with DCR management staff to design tools that are used within the examination process. The intern will produce written documentation describing how to use the tools and will also participate in training sessions demonstrating how to use the tools.
Students majoring in finance or economics will work with DCR staff to produce a document that outlines the functional requirements for a risk assessment tool that will be used during the examination process.
Division of Market Oversight (DMO)
DMO fosters open, transparent, fair, competitive, and secure markets through oversight of derivatives platforms, specifically, designated contract markets (DCMs) and swap execution facilities (SEFs).
Duties of an economics intern may include:
Review and analyze exchange-traded derivatives product filings, including amendments to the terms and conditions of existing contracts, for compliance with the Commodity Exchange Act and Commission regulations.
Focus on metals, energy, agricultural, and financial products, including to help ensure that products are not susceptible to manipulation.
Assist in performing economic analysis of product terms and underlying cash markets, including estimates of deliverable supply.
Help evaluate novel and complex product filings, including event contracts, digital assets, and other products.
Provide technical assistance to other DMO branches and other Commission staff in order to advance the CFTC’s mission.
Market Participants Division (MPD):
MPD oversees swap dealers and derivatives market intermediaries, including commodity pool operators, commodity trading advisors, futures commission merchants, introducing brokers, major swap participants, and retail foreign exchange dealers, as well as designated self-regulatory organizations.
Duties of an economics intern may include:
Assisting with the review of financial models.
Assisting with cleaning and organizing data and designing queries for analysis.
Assisting in the preparation of presentations and report.
Assisting in the management of data directories.
NOTE: If selected at the CT-07 level the full promotion potential is the CT-07. If selected at the CT-09 level the full promotion potential is the CT-09. Temporary positions do not have promotion potential.
Must be enrolled or accepted for enrollment as an advanced degree student.
You must be registered for Selective Service if applicable (www.sss.gov).
You must be suitable for federal employment.
Must major in economics, finance, applied statistics, or mathematics.
You must be a U. S. citizen or national
Enrolled/accepted in an accredited educational institution
Must provide Undergraduate and Graduate Transcripts. Please provide both.
Pursuing a degree listed in the vacancy announcement
Maintain enrollment at least half time as defined by the institution
If selected, official transcripts must be submitted prior to establishing a start date
Veteran's preference applies in the hiring process. In order to receive preference in hiring, you must clearly identify your claim for veteran's preference when you apply
Must maintain eligibility and enrollment for the duration of the internship
Qualifications
Pathways Internship Program Qualifications: Students must meet the qualifications requirements by May 31, 2024. The Summer Program will begin Jun 5,2024 thru September 30, 2024. Appointments are NOT TO EXCEED 90 days.
Basic Qualifications:
A Degree in economics, that included at least 21 semester hours in economics and 3 semester hours in statistics, accounting, or calculus.
OR
B. Combination of education and experience: courses equivalent to a major in economics, as shown in A above, plus appropriate experience or additional education.
MINIMUM QUALIFICATION REQUIREMENTS
To qualify for this position at the grade 07 level, you must meet the definition of a student and possess at least one of the following:
1. Completion of 1 full academic year of graduate level education; or Eligibility under the Superior Academic Achievement Provision and completion of a bachelor's degree by May 31, 2024.
To qualify for this position at the grade 09 level, you must meet the definition of a student and possess at least one of the following:
1. Completion of 2 academic years of graduate level education, or a master's degree or equivalent graduate degree by May 31, 2024.
Must submit a copy of final transcripts prior to establishing an official start date. See the Required Documents section for more information.
*If selected at the CT-07 level the full promotion potential is the CT-07. If selected at the CT-09 level the full promotion potential is the CT-09. Temporary positions do not have promotion potential since positions are temporary NTE 9/30/2024.
Education
Please read and follow the Qualifications/Requirements Section of this Vacancy Announcement.
All applications must be received via www.usajobs.gov
U.S. EDUCATION: Institutions located within the United States that have attained accreditation are listed on the U.S. Department of Education's website. To verify your institution's accreditation, please access this website: http://ope.ed.gov/accreditation/search.aspx
A complete listing of all institutions, including those located outside of U.S. territories, may be found in Accredited Institutions of Post-Secondary Education, a handbook published annually by the American Council on Education (ACE).
SPECIAL INSTRUCTIONS FOR FOREIGN EDUCATION: If you are using education completed in foreign colleges or universities to meet the qualification requirements, you must show that the education credentials have been evaluated by a private organization that specializes in interpretation of foreign education programs and such education has been deemed equivalent to that gained in an accredited U.S. education program; or full credit has been given for the courses at a U.S. accredited college or university. For further information, visit: http://www.ed.gov/about/offices/list/ous/international/usnei/us/edlite-visitus-forrecog.html.
Additional information
Supplementary vacancies may be filled in addition to the number stated in this announcement.
By submitting your application you are certifying the accuracy of the information contained in your application. If you make a false statement in any part of your application, you may not be hired, you may be terminated after you begin work, or you may be fined or jailed. After making a tentative job offer we will conduct a suitability/security background investigation. You will be required to submit official documentation before appointment. The agency will then verify the information provided on your application (e.g., degree, veterans’ documentation, certification of disability, etc.).
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.
Candidates will be assessed based on basic eligibility requirements (either Agency-developed standards or the OPM Qualification Standards for the position being filled). Veterans' preference applies to selection for positions in the Pathways Programs. Selections must be made in accordance with the requirements of 5 CFR part 302, veterans' preference laws, and OPM guidance.
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.
You must provide a complete Application Package, which includes:
Your resume showing relevant duties, when the duties were performed (MM/YY), and your work schedule. Your resume must indicate your citizenship and if you are registered for Selective Service if you are a male born after 12/31/59. Your resume must also list your educational and work experience including the following information for each employment listed: job title; duties and accomplishments; employer's name and address; supervisor's name and phone number; starting and ending dates formatted in month/day/year; hours worked per week; salary; if the employment was federal: title, series, and grade/pay band. Your resume should also list your expected graduation date. Your resume may be used to validate your responses to the scored occupational questionnaire.
Proof of current student status. You must submit proof of current student status to be considered for this position. This can be in the form of current registration, an acceptance letter from the institute of higher education, a receipt of tuition payment, etc.
You must submit an unofficial transcript or a list of courses that includes the following information: name of accredited institution, grades earned, completion dates, and quarter and semester hours earned. Education completed in foreign colleges or universities may be used to meet the requirements. Please refer to http://www.opm.gov/qualifications/policy/ApplicationOfStds-04.asp for more information.
If applicable: Veteran's Preference Documentation (your DD-214, Member Copy 4). Please indicate on your resume the type of veterans' preference you are claiming and provide the appropriate supporting documentation (DD-214 stating disposition of discharge or character of service, VA letter, SF-15, etc.) to validate your claim. For more information regarding eligibility requirements, please go to: http://www.fedshirevets.gov/job/vetpref/index.aspx.
You are not required to submit official documents at this time; copies are sufficient.
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.
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.
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. Applicants requiring reasonable accommodation for any part of the application and hiring process should contact the CFTC directly. Determinations on requests for reasonable accommodation will be made on a case-by-case basis.
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.
You must provide a complete Application Package, which includes:
Your resume showing relevant duties, when the duties were performed (MM/YY), and your work schedule. Your resume must indicate your citizenship and if you are registered for Selective Service if you are a male born after 12/31/59. Your resume must also list your educational and work experience including the following information for each employment listed: job title; duties and accomplishments; employer's name and address; supervisor's name and phone number; starting and ending dates formatted in month/day/year; hours worked per week; salary; if the employment was federal: title, series, and grade/pay band. Your resume should also list your expected graduation date. Your resume may be used to validate your responses to the scored occupational questionnaire.
Proof of current student status. You must submit proof of current student status to be considered for this position. This can be in the form of current registration, an acceptance letter from the institute of higher education, a receipt of tuition payment, etc.
You must submit an unofficial transcript or a list of courses that includes the following information: name of accredited institution, grades earned, completion dates, and quarter and semester hours earned. Education completed in foreign colleges or universities may be used to meet the requirements. Please refer to http://www.opm.gov/qualifications/policy/ApplicationOfStds-04.asp for more information.
If applicable: Veteran's Preference Documentation (your DD-214, Member Copy 4). Please indicate on your resume the type of veterans' preference you are claiming and provide the appropriate supporting documentation (DD-214 stating disposition of discharge or character of service, VA letter, SF-15, etc.) to validate your claim. For more information regarding eligibility requirements, please go to: http://www.fedshirevets.gov/job/vetpref/index.aspx.
You are not required to submit official documents at this time; copies are sufficient.
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.
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.
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. Applicants requiring reasonable accommodation for any part of the application and hiring process should contact the CFTC directly. Determinations on requests for reasonable accommodation will be made on a case-by-case basis.
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.
