The incumbent serves as a Risk Analyst in the Risk Analytics unit under the Risk Surveillance Branch (RSB), Division of Clearing and Risk (DCR). RSB conducts financial and risk surveillance of derivatives markets 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 difficulty.
Summary
The incumbent serves as a Risk Analyst in the Risk Analytics unit under the Risk Surveillance Branch (RSB), Division of Clearing and Risk (DCR). RSB conducts financial and risk surveillance of derivatives markets 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 difficulty.
Participates in the design, development, and maintenance of RSB’s advanced risk analytics platform to measure, monitor, and assess risk exposures across exchange-traded futures and options, cleared and uncleared swaps, and related cash or physical markets, as well as major participants in these markets.
Participates in the design, coordination, and execution of the CFTC’s periodic supervisory stress tests by collaborating with DCR staff and with other relevant regulatory authorities.
Plans, coordinates, and leads the development of tools for risk surveillance activities for evaluating market risk at clearing members and DCOs, conducting stress test analyses, and identifying market participants that pose unusual levels of risk.
Ensures availability, functionality, integrity, and upgrading of DCR's financial surveillance applications to identify firms or large traders carrying potentially risky positions in these markets. Leads in the remediation of loss of availability or functionality of applications and any requested tool enhancements.
Develops and deploys analytical tools that evaluate the sufficiency of margin levels for derivative products subject to CFTC oversight, with a focus on DCOs and cleared market margins.
Leads the development and monitoring of DCR's financial surveillance applications with the assistance of the Division of Data (DOD), defining and communicating functional and system requirements and specifications to contractors, and identifying/implementing enhancements of DCR's financial surveillance applications.
Selective Service Registration is required for males born after 12/31/1959
Subject to time-in-grade requirements, if applicable
Qualifications
CT-14 Level: To qualify for the CT-14 level you must have at least one year of specialized experience equivalent to the next lower grade (GS/CT-13 level). Specialized experience is defined that through which one has gained experience:
Managing the design, development, and deployment of large-scale information technology projects to ensure continuous system operations and resolve time-sensitive issues related to risk surveillance and quantitative analysis.
Conducting financial stress testing and analyzing market data (e.g. pricing, volatility, and margin portfolios) to assess the potential impact of market changes on the financial condition of futures and swaps market intermediaries.
Developing new financial analysis approaches and methodologies to conduct effective risk surveillance of individual traders, derivatives market intermediaries, and clearing organizations.
Leading project teams responsible for analyzing market data regarding pricing and volatility to determine the potential financial impact on the condition of individual traders, market intermediaries, and clearing organizations.
Education
Education is not required, nor may it be substituted for specialized experience.
Additional information
This is a Bargaining Unit Position located in the National Treasury Employee Union (NTEU) Chapter 337.
Relocation: Relocation expenses will not be paid.
Probationary/Trial Period: You may be required to serve a probationary or trial period, if applicable.
Time-in-Grade: You must meet time-in-grade requirements within 30 days of the closing date of this announcement, if applicable.
More than the number of positions listed may be filled through this vacancy announcement.
The overall salary range is provided for informational purposes as it represents the full range that is applicable to current employees in this occupation/grade. A new hire's direct and overall experience are critical factors in determining a salary offer, therefore, it is important that your resume fully reflects all of your work experience. Note that the upper end of each range is typically applicable only to candidates with significant years of work experience and qualifications Please review the CFTC Compensation Program website for additional information.
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.
Candidates should be committed to improving the efficiency of the Federal government, passionate about the ideals of our American republic, and committed to upholding the rule of law and the United States Constitution.
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.
Your resume and supporting documentation will be used to determine whether you meet the job qualifications listed on this announcement.
Structured Resume Review: Subject Matter Experts (SMEs) will review your resume to determine your technical qualifications for this position based on the required competencies. SMEs will review ONLY your two (2) page resume. SMEs will not review additional information beyond your resume (e.g., cover letter, links embedded in your resume).
If you are found qualified, your application will move forward to the next phase(s) of the review process.
You will be evaluated on the basis of your level of competency (knowledge, skills and abilities) in the following areas:
Systems Life Cycle
Economics
Financial Modeling
Quantitative & Data Analysis
Regulatory Knowledge
Experience refers to paid and unpaid experience, including volunteer work done through National Service programs (e.g., Peace Corps, AmeriCorps) and other organizations (e.g., professional; philanthropic; religious; spiritual; community; student; social). Volunteer work helps build critical competencies, knowledge, and skills and can provide valuable training and experience that translates directly to paid employment. You will receive credit for all qualifying experience, including volunteer experience.
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.
Resume showing all relevant and related experience (two pages max). If selected, your resume will be used to determine your initial pay setting decision;
Cover letter; (optional)
Most recent performance appraisal (optional)
SF-50 showing you meet time in grade requirements, if applicable
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.
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.
RESUME REQUIREMENT: Your resume may NOT exceed two pages, and the font size should not be smaller than 10 pts. Please ensure your resume clearly demonstrates how you meet the qualifications for the position within the two-page limit. Resumes over the two-page limit, will not be reviewed beyond page two.
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 username 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 username 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/.
Please notify us if your contact information changes after the closing date of the announcement. Also, note that if you provide an email address that is inaccurate or if your mailbox is full or blocked (e.g., spam-blocker), you may not receive important communication that could affect your consideration for this position.
The Federal hiring process is set up to be fair and transparent. Please read the following guidance.
Resume showing all relevant and related experience (two pages max). If selected, your resume will be used to determine your initial pay setting decision;
Cover letter; (optional)
Most recent performance appraisal (optional)
SF-50 showing you meet time in grade requirements, if applicable
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.
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.
RESUME REQUIREMENT: Your resume may NOT exceed two pages, and the font size should not be smaller than 10 pts. Please ensure your resume clearly demonstrates how you meet the qualifications for the position within the two-page limit. Resumes over the two-page limit, will not be reviewed beyond page two.
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 username 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 username 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/.
Please notify us if your contact information changes after the closing date of the announcement. Also, note that if you provide an email address that is inaccurate or if your mailbox is full or blocked (e.g., spam-blocker), you may not receive important communication that could affect your consideration for this position.
Fair and transparent
The Federal hiring process is set up to be fair and transparent. Please read the following guidance.
