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Fellow (Director's Financial Analyst)

Consumer Financial Protection Bureau
This job announcement has closed

Summary

The Bureau's Director's Financial Analyst Program is a two-year rotational analyst program that will give a select number of recent college graduates with undergraduate degrees the unique opportunity to work with senior-level executives on some of the most critical issues facing consumer financial markets in the United States.

Overview

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Reviewing applications
Open & closing dates
09/23/2024 to 10/28/2024
Salary
$71,483 to - $103,752 per year
Pay scale & grade
CN 30
Location
Many vacancies in the following location:
Washington, DC
Remote job
No
Telework eligible
Yes—as determined by the agency policy.
Travel Required
Not required
Relocation expenses reimbursed
No
Appointment type
Term - Term Appointment: Not-to-Exceed 2years; May be extended for a maximum of 4 years total.
Work schedule
Full-time
Service
Excepted
Promotion potential
51
Supervisory status
No
Security clearance
Not Required
Drug test
No
Position sensitivity and risk
Moderate Risk (MR)
Financial disclosure
No
Bargaining unit status
No
Announcement number
24-CFPB-230-X
Control number
810852600

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. Eligible applicants must be either: Current undergraduate students who anticipate graduation between December, 2024 and June, 2025; OR Individuals who have earned an undergraduate degree on or after April 1, 2022. (An exception will be applied to veterans who are precluded from applying in that limitation due to a military service obligation.)

Duties

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This position is located in the Consumer Financial Protection Bureau, Office of the Director. Members of the Director's Financial Analyst Program will experience diverse roles, responsibilities, and areas of expertise. As a result, in a short period of time, analysts will play an integral role in everything the Bureau does, from rigorous data-driven policy creation and market monitoring to on-site supervision of market participants. All analysts will complete developmental rotations in offices throughout the Bureau. These rotations are designed to provide exposure to the analysis, strategy, research, education, policy development, supervision, enforcement, and rule making activities throughout the Bureau.

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.

  • Extract data from data stores and perform ad-hoc or periodic queries for use by CFPB staff engaged in research and policy development. Provide feedback and suggestions on the queries and implement improvements.
  • Mine data from selected data sources to arrive at specific information to conduct research and analysis of issues relating to consumer finance. Document the analyses performed to ensure that future verification and reproduction of results can take place. Seek out innovative, new sources of data to improve quality of analysis and incorporate them into analysis.
  • Determine programming languages, analytical tools, data structures, and data logic to maintain data quality programs.
  • Participate in the implementation of segments of new production and data storage systems to support research, inform consumers, guide the supervision of covered persons, and enforce rules relating to consumer financial protection.
  • Support internal clients with analytical projects relating to the consumer finance markets and providers. Draft segments of reports, analyses and interpretations of data to CFPB staff to monitor business critical results. Assemble relevant data and other information from internal and external sources, including financial, banking industries, businesses, or regulatory agencies; and from commercial vendors, solving straightforward problems as they arise. Prepare drafts of findings for review by senior specialists.

Requirements

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Conditions of employment

Key Requirements:

  • Must be U.S. Citizen or U.S. National
  • 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.
  • Report (OGE Form 278e) within 30 days of appointment and annually from then on.

Qualifications

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

Eligible applicants must be either:

  • Current undergraduate students who anticipate graduation between December, 2024 and June, 2025; OR
  • Individuals who have earned an undergraduate degree on or after April 1, 2022.
Eligibility Requirement: Applicants must apply within 2 years of completing an undergraduate (BA/BS) degree. An exception to the two years of undergraduate degree completion will be granted to veterans who are precluded from applying within 2 years due to a military service obligation. Veterans who meet this exception will have up to six years from the date they completed their undergraduate degree to participate in the Director's Financial Analyst Program.

AND

2. Candidates must also complete the simulation exercise and be scored by the SMEs at or above the passing grade of 4.

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 résumé.

Education

Education Requirements:
To qualify at the CN-30, applicants must have completed a 4-year course of study leading to a bachelor's degree with an overall GPA of at least 3.0 (or equivalent); and successful completion of at least 5 courses in any of the following: econometrics, statistics, mathematics, quantitative methods, or finance or similar coursework indicating numeric competency and/or grounded in quantitative analysis. Course work must have prepared the candidate to perform basic statistical techniques such as regression analysis, descriptive statistics, probability distributions, statistical t-tests, confidence intervals, ANOVA, and correlation coefficients.

You MUST submit a copy of your transcripts or equivalent.

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 non-bargaining unit position. The Union that represents CFPB employees is the National Treasury Employees Union ("NTEU"), Local Chapter 335.
  • 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.
CFPB uses an experience-based process to set pay for employees. Experience is evaluated and credited using the employee's résumé. To ensure that all of your prior work experience (e.g., internships, volunteer work, details, part-time, self-employment, secondary jobs, etc.) is considered and accounted for, please ensure that your résumé covers the following:
  • your entire work history with specific start and end dates (MM-DD-YYYY) provided for each listed position
  • hours worked per week for each position
  • degrees and the dates conferred (MM-YYYY)
Part-time experience will be credited pro-rata based on a 40-hour work week, while work of 32 hours or more will be rounded up to full-time experience. If you have multiple positions that have overlapping start and/or end dates, only 40 hours of experience will be credited for a given work week. Refer to Resume Tips for more information on how to submit a comprehensive résumé. See information on our base pay ranges and salary structure.

Our comprehensive benefits are among the most generous in the federal government. They include:- Challenging and rewarding work benefiting American consumers - Opportunities for development and advancement- Comprehensive Federal health, vision, dental, life, and long-term care insurance programs- Learn more about Federal benefits programs at: http://files.consumerfinance.gov/f/documents/201706_cfpb_benefits.pdf

The Fair Chance to Compete for Jobs Act prohibits specific inquiries concerning an applicant's criminal or credit background unless the hiring agency has made a conditional offer of employment to the applicant. An applicant may submit a complaint, or any other information, to the agency within 30 calendar days of the date of alleged non-compliance by contacting: Ana.GuzmanEvans@cfpb.gov
What are criminal history inquiries?

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:

  • Resume (Required)
  • Transcripts or Proof of degree completion (Required)
  • Cover letter (Recommended)
Please review your application materials and responses carefully. Responses that are not fully supported by the information in your application package may result in adjustments to your score. Your resume will be among the factors used in setting your pay, should you be made an offer of employment. Please ensure that it fully describes your experience as it relates to the position for which you are applying.

Your application must show that you meet all qualifications and education requirements as described under the Qualifications and Education sections. If your application is incomplete, you will not be further considered for this position.

If you meet the Qualifications and Education requirements, you will be invited to complete a written assessment exercise. If you fail to complete the assessment exercise you will no longer be further considered for this position.

Assessment Exercise: If you meet the Qualifications and Education requirements, an Assessment Specialist from the Bureau's Office of Human Capital will contact you via email, and you will have 72 hours to submit your written assessment response. We anticipate that the assessment invitations will be emailed to candidates in mid-November 2024. It is advised that you occasionally check your "junk mail"/SPAM folders within your email to ensure you do not miss the assessment exercise invitation email. You may request reasonable accommodation to complete the assessment exercise through your assessment specialist. Your submitted assessment response will be reviewed and scored by a panel of trained Subject Matter Experts (SMEs) to determine your level of proficiency in the following competencies:
  • Analytical Thinking (60%): Gathers and analyzes information, identifies, and addresses problems or issues, and makes informed decisions or recommendations.
  • Written Communication (40%): Chooses appropriate communication modes and mediums and prepares written materials that are accurate, clear, and responsive to requests.
If you complete the written assessment exercise and are rated by the SMEs among the top qualified candidates, your application may be referred to a selecting official. After which, you will be invited to participate in a series of selection interviews. Additionally, the assessment exercise score you receive may be applied to future job announcements that:
  • are identical in occupation/level;
  • use the identical assessment materials; AND,
  • are posted within 360 days of your completed assessment.

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.

Veterans' preference is applied after applicants are assessed. Preference-eligibles will be listed at the top of their assigned category and considered before non-preference-eligibles in that category.

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