This position is located in Treasury, Consumer, & Financial Markets Branch in the Office of Information and Regulatory Affairs (OIRA) in the Office of Management and Budget (OMB) in the Executive Office of the President (EOP). More than one selection may be made. OIRA leads the government-wide review of regulations, approval of information collections, and implementation of information, privacy, and statistical policy, focusing on team-based working relationships across OMB.
Summary
This position is located in Treasury, Consumer, & Financial Markets Branch in the Office of Information and Regulatory Affairs (OIRA) in the Office of Management and Budget (OMB) in the Executive Office of the President (EOP). More than one selection may be made. OIRA leads the government-wide review of regulations, approval of information collections, and implementation of information, privacy, and statistical policy, focusing on team-based working relationships across OMB.
OIRA is seeking motivated, analytically rigorous, and collaborative individuals with a background in financial economics to join its team as economists. In addition to this technical background, the position requires analytic, communication, and organizational skills, along with the ability to prioritize and be flexible. Successful candidates will have economic experience, working toward the goal of ensuring that government regulations and information policy regarding banking, capital and financial markets, and related sectors are effective, efficient, informed by quality analysis, in the public interest, and consistent with Administration priorities.
OIRA anticipates Economists will work on matters pertaining to the regulatory and information policies of federal departments and agencies with tax policy/administration, financial services and capital markets, banking industry, and related consumer missions.
As an Economist, GS-0110-13/14/15, your typical work assignments may include the following:
Engages primarily in regulatory impact analysis review and analysis within the Branch, including reviewing agency regulatory analyses for consistency with cost-benefit analysis principles and official OMB guidance and policy.
Coordinates and reviews regulatory analysis of actions submitted to OIRA under Executive Orders 12866, 14192, and 14215.
Examines the economic consequences of regulatory activities related to a portfolio focusing on the banking industry, tax policy/administration, capital markets and financial services. The portfolio may also cover a subset of the following: transportation, homeland security, labor, food and health, climate, energy, education, consumer protection, anti-trust, telecommunications, agriculture, housing, justice, immigration, social security, environment, and federal benefits programs.
Works on a range of policymaking issues and participating in a variety of cross-cutting research studies, with other OIRA staff, divisions of OMB, EOP offices, and Federal agencies.
Reviews current economic and technical literature for relevant concepts, data, and conclusions.
Assesses the strengths and weaknesses of statistical methods, procedures, inference, and concepts involved in federal government surveys and other information collections by federal agencies.
Provides advice on the advantages and disadvantages of various data science approaches, as well as potential applicability of new techniques.
Selective Service registration is required if you are a male born after December 31, 1959.
Subject to pre-employment and random drug tests.
Must participate in the direct deposit pay program.
New employees to the Executive Office of the President will be required to successfully pass the E-Verify employment verification check. To learn more about E-Verify, including your rights and responsibilities, visit www.dhs.gov/E-Verify/.
May be required to successfully complete a one year probationary period.
You will be required to obtain and maintain an interim and/or final security clearance prior to entrance on duty. Failure to obtain and maintain the required level of clearance may result in the withdrawal of a job offer or removal.
Must be determined suitable for federal employment.
RELOCATION EXPENSES WILL NOT BE PAID
This is a Drug Testing Designated Position (DTDP) and is covered by the Executive Office of the President Drug-Free Workplace Program.
More than one selection may be made from this announcement.
Qualifications
MINIMUM QUALIFICATION REQUIREMENTS All applicants must meet the qualification requirements outlined below to be considered minimally qualified for this position. The qualification requirements are in accordance with the OPM Qualification Standards.
SPECIALIZED EXPERIENCE: Applicants must have a minimum of one year of specialized experience at a level of difficulty and responsibility comparable to the next lower grade or comparable pay band in the Federal service or equivalent experience in the private sector.
ALL QUALIFICATIONS MUST BE MET BY THE CLOSING DATE OF THIS ANNOUNCEMENT.
BASIC REQUIREMENTS: Applicants must meet one of the following criteria listed below in order to meet the basic requirement for Economist, 0110.
1) Degree: economics, that includes at least 21 semester hours in economics and 3 semester hours in statistics, accounting, or calculus.
OR
2) Combination of education and experience: courses equivalent to a major in economics, as shown above, plus appropriate experience or additional education.
Examples of qualifying experience include:
individual economic research assignments requiring planning, information assembly, analysis and evaluation, conclusions and report preparation;
supervisory or project coordination assignments involving a staff of professional economists, and requiring the evaluation and interpretation of economic information; or
teaching assignments in a college or university that included both class instruction in economics subjects and one of the following (1) personal research that produced evidence of results, (2) direction of graduate theses in economics, or (3) service as a consultant or advisor on technical economics problems.
Experience in related fields that did not involve the use and understanding of economic principles and theories may not be used as qualifying experience for these positions.
-AND-
You may qualify at the GS-13 level, if you fulfill the following qualification requirement: One year of specialized experience equivalent to the GS-12 grade level in the Federal service or equivalent experience in the private sector, that demonstrates the following: (1) conducting or reviewing cost-benefit analysis, applied economic analysis, and/or regulatory impact analysis to address economic impacts so as to inform sound decision making; (2) documenting and evaluating the analytical objectives, methodologies, assumptions, and conclusions to identify implications found during research and analyses; and (3) utilizing foundational economic theories, research, and principles to evaluate the effectiveness of actions in furthering leadership goals.
You may qualify at the GS-14 level, if you fulfill the following qualification requirement: One year of specialized experience equivalent to the GS-13 grade level in the Federal service or equivalent experience in the private sector, that demonstrates the following: (1) serving as a key member of a team, or leading a team, in conducting or reviewing cost-benefit analysis, applied economic analysis, and/or regulatory impact analysis for economically significant regulations, to address economic impacts so as to inform sound decision making (2) performing duties such as initiating, creating, developing, designing, executing, and documenting a wide array of economic analyses and tasks to facilitate systematic data collection, analysis, modeling, reporting, and high-level policy contributions for an office; (3) documenting, evaluating the analytical objectives, methodologies, assumptions, and conclusions to identify implications found during research and analyses, and briefing stakeholders on the results of this analysis; and (4) utilizing economic theories, research, and principles to evaluate the effectiveness of high priority actions in furthering leadership goals.
You may qualify at the GS-15 level, if you fulfill the following qualification requirement: One year of specialized experience equivalent to the GS-14 grade level in the Federal service or equivalent experience in the private sector, that demonstrates the following: (1) leading a team conducting or reviewing cost-benefit analysis, applied economic analysis, and/or regulatory impact analysis to address economic impacts for economically significant, strategically important actions so as to inform sound decision making; (2) addressing economic matters related to national studies that affect the leadership level policy, guides, and procedures of an organization; (3) performing duties such as initiating, creating, developing, designing, executing, and documenting a wide array of economic analyses and tasks to facilitate systematic data collection, analysis, modeling, reporting, and leadership level policy contributions for an office; (4) documenting and evaluating the analytical objectives, methodologies, assumptions, and conclusions to identify implications found during research and analyses, and briefing organizational leadership on the results of this analysis and recommendations; or (5) utilizing economic theories, research, and principles to evaluate the effectiveness of the highest priority actions developed by their organization in furthering leadership goals.
Experience refers to paid and unpaid experience, including volunteer work done through National Service program (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.
Education
TRANSCRIPTS REQUIRED AT TIME OF APPLICATION
1) Degree: economics, that includes at least 21 semester hours in economics and 3 semester hours in statistics, accounting, or calculus
or
2) Combination of education and experience: courses equivalent to a major in economics, as shown above, plus appropriate experience or additional education.
Education completed in colleges or universities outside the United States may be used to meet the education requirements. You must provide acceptable documentation that the foreign education is comparable to that received in an accredited educational institution in the United States. For more information on how foreign education is evaluated, visit: https://sites.ed.gov/international/recognition-of-foreign-qualifications.
Additional information
This is a Direct Hire Public Notice. Please read this Public Notice in its entirety prior to submitting your application for consideration.
Category Rating, Veterans Preference and traditional rating and ranking of applicants do not apply to this Public Notice.
**Notice, more than one selection can be made within 90 days of the issuance of the certificate, if more vacancies occur.
Vacancies will be filled through OPM's Direct Hire Authority. Veterans' preference and traditional rating and ranking of applicants do not apply to positions filled under this announcement. All applicants who meet the minimum qualification requirements will be forwarded to the selecting official for consideration. Applications received as a result of job fairs, recruitment events, and emergency hiring mechanisms in support of this hiring initiative will also be accepted during the duration of the direct-hire authority. For more information on OPM's authorization of Direct Hire Authority, please visit: https://www.opm.gov/policy-data-oversight/hiring-information/direct-hire-authority/
Interagency Career Transition Assistance Programs & Career Transition Assistance Programs: These programs apply to employees who have been involuntarily separated from a Federal service position within the competitive service or Federal service employees whose positions have been deemed surplus or no longer needed. To receive selection priority for this position, you must: (1) meet CTAP or ICTAP eligibility criteria; (2) be rated well-qualified for the position with a score of 85 or above; and, (3) submit the appropriate documentation to support your CTAP or ICTAP eligibility. For more information visit: http://www.opm.gov/rif/employee_guides/career_transition.asp. For more information about ICTAP eligibility please review the following link: https://www.usajobs.gov/Help/working-in-government/unique-hiring-paths/federal-employees/ictap/
If you are unable to apply online or need to fax a document you do not have in electronic form, view the following link for information regarding an Alternative Application.
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.
Once the vacancy has closed, your resume and accompanying documents will be assessed to verify your qualifications as outlined in the job announcement. If you meet the minimum qualifications, your application will be evaluated against your responses on the assessment questionnaire to gauge your experience level. Should your self-assessment exceed what is substantiated by your resume, you may be disqualified from consideration. Candidates who rank among the most qualified will be forwarded to the selecting official for potential employment.
It is essential that your resume contains comprehensive details relevant to the responsibilities and specialized experience required for the position. Directly copying from the vacancy announcement without providing additional context to illustrate your experience may lead to an ineligible rating, hindering your chances for further consideration. Your resume should clearly demonstrate your experience, education, knowledge, skills, and abilities pertinent to the role. As the primary tool for evaluating your qualifications, we urge you to be precise and thorough in detailing your experience.
Your qualifications will be evaluated on the following competencies (knowledge, skills, abilities and other characteristics):
Economics and Accounting, Legal, Government and Jurisprudence, Mathematical Reasoning, Problem Solving, and Research
Assessment Process:
Structured Resume Review. Subject matter experts (SMEs) will evaluate your resume to assess your technical qualifications for the position, focusing specifically on the required specialized experience. They will only consider the first two pages of your resume, beginning with your work experience, and will not review any additional materials such as cover letters or links included in your resume. Candidates who successfully pass this structured resume review will advance to the next stage of the assessment process.
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.
To apply for this position, you must submit a complete Application Package which includes:
1. Resume: For qualification determinations, your resume must contain hours worked per week and dates of employment (i.e., month/year to month/year or month/year to present). If your resume does not contain this information, your application may be marked as insufficient and you will not receive consideration for this position. If you are a current Federal employee or previous Federal employee, provide your pay plan, series and grade, i.e. GS-0301-09. Your resume must include detailed information as it relates to the responsibilities and specialized experience for this position. Evidence of copying and pasting directly from the vacancy announcement without clearly documenting supplemental information to describe your experience will result in an ineligible rating. This will prevent you from receiving further consideration. Note: If you upload more than one resume, the last resume received will be the one utilized for consideration. Please limit your resume to 2 pages. If more than 2 pages are submitted, only the first 2 pages will be reviewed to determine your eligibility/qualifications.
If you choose to use your own resume, curriculum vitae, or any other written form you choose, then you must ensure it contains all of the required information and you organize it so we can associate the following information for each experience/position:
Job title
Name of employer
Beginning and ending dates of employment (month/day/year format)
Hours worked per week. We will assume full-time unless otherwise stated. We will prorate part-time employment in crediting experience.
Detailed description of job duties for each job held, accomplishments, related skills, and responsibilities to include any supervisory/managerial responsibilities and number of staff supervised (if applicable)
Your resume must show the series and grade or equivalent for all federal positions you have held (if a federal position).
2. A complete Assessment Questionnaire
3. Other supporting documents to be submitted with application:
DD214: Veterans' Preference Documentation, if applicable, a DD-214 Member 4 copy, which shows type of discharge. If still active, provide an official Statement of Service. Any other documentation such as VA letter documenting disability, SF-15, and any other required supporting documentation based your veterans' preference claim.
SF-50: Federal applicants must submit an SF-50 (Notification of Personnel Action) that shows your most recent Promotion, Within Rate Increase (WRI/WGI), or Appointment/Conversion (if applying as a current or former Federal Employee) showing you are/were in the competitive service and the highest grade or promotion potential held. Do not use Award actions. If you are an EOP employee you may obtain a copy of your SF-50 from OPF or eOPF. If you have separated from Federal Government employment, you may obtain a copy of your SF-50 via: National Personnel Records Center, Annex, 1411 Boulder Boulevard, Valmeyer, IL, 62295; FAX (618) 935-3014; Email rm.communications@nara.gov; or visit the https://www.archives.gov/personnel-records-center/new-nprc.
Peace Corps volunteers must submit a copy of your "Description of Service (DOS)" in lieu of the SF-50. If you do not have one you should email the Peace Corps Office of Volunteer and PSC Financial Services at certify@peacecorps.gov.
If you are currently serving in a pay banded position, please include a copy of your pay band chart with your application.
College transcripts (if the position has a positive education requirement, or you are qualifying on the basis of education).
Documents submitted as part of the application package, to include supplemental documents, may be shared beyond the Human Resources Office. Some supplemental documents contain personal information such as SSN and DOB and some documents such as military orders and marriage certificates may contain personal information for someone other than you. You may sanitize these documents to remove said personal information before you submit your application.
To apply for this position, you must complete the online application and submit the documentation specified in the Required Documents section below. The complete application package must be submitted by 11:59 PM (EST) on the closing date of the announcement to receive consideration.
To begin, click Apply to access the online application. You will need to be logged into your USAJOBS account to apply. If you do not have a USAJOBS account, you will need to create one before beginning the application.
Follow the prompts to select your résumé and/or other supporting documents to be included with your application package. You will have the opportunity to upload additional documents to include in your application before it is submitted. Your uploaded documents may take several hours to clear the virus scan process.
After acknowledging you have reviewed your application package, complete the Include Personal Information section as you deem appropriate and click to continue with the application process.
You will be taken to the online application which you must complete in order to apply for the position. Complete the online application, verify the required documentation is included with your application package, and submit the application.
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/.
It is applicant's responsibility to verify that information entered and uploaded, (i.e., resume, veteran's documentation, completed assessment, and SF-50's) is received and accurate. Human Resources will not modify or change any part of your application. If a document is not in legible format, applicant will not be able to view it in Application Manager which means applicant must again upload or fax the documentation by the closing date of this announcement.
Application packages will NOT be accepted via mail or e-mail. All resumes/applications received at the addresses listed in the Contact Information or Agency Information will not be considered for this vacancy announcement.
Office of Management and Budget
725 17th Street, NW
Washington, DC 20503
US
Next steps
When the application process is complete, you will receive a confirmation notification by email and your application will be reviewed to determine if you meet the hiring eligibility and qualification requirements for which you requested consideration. You will be rated based on the information provided in your resume and responses to the questionnaire, along with your supporting documentation to determine your level of knowledge, skill, and ability related to the job requirements. After the qualification determinations are complete, you will receive another notification regarding the status of your application. If selected, you may be required to provide supporting documentation.
The hiring manager may choose to conduct interviews. Once the selection is made, a tentative job offer will be sent to the selectee. A security background investigation and drug screening will be conducted at that time. If the drug screening is negative and security background is cleared, then a formal job offer will be extended to candidate. Application statuses will be updated once a formal job offer has been extended.
The Federal hiring process is set up to be fair and transparent. Please read the following guidance.
To apply for this position, you must submit a complete Application Package which includes:
1. Resume: For qualification determinations, your resume must contain hours worked per week and dates of employment (i.e., month/year to month/year or month/year to present). If your resume does not contain this information, your application may be marked as insufficient and you will not receive consideration for this position. If you are a current Federal employee or previous Federal employee, provide your pay plan, series and grade, i.e. GS-0301-09. Your resume must include detailed information as it relates to the responsibilities and specialized experience for this position. Evidence of copying and pasting directly from the vacancy announcement without clearly documenting supplemental information to describe your experience will result in an ineligible rating. This will prevent you from receiving further consideration. Note: If you upload more than one resume, the last resume received will be the one utilized for consideration. Please limit your resume to 2 pages. If more than 2 pages are submitted, only the first 2 pages will be reviewed to determine your eligibility/qualifications.
If you choose to use your own resume, curriculum vitae, or any other written form you choose, then you must ensure it contains all of the required information and you organize it so we can associate the following information for each experience/position:
Job title
Name of employer
Beginning and ending dates of employment (month/day/year format)
Hours worked per week. We will assume full-time unless otherwise stated. We will prorate part-time employment in crediting experience.
Detailed description of job duties for each job held, accomplishments, related skills, and responsibilities to include any supervisory/managerial responsibilities and number of staff supervised (if applicable)
Your resume must show the series and grade or equivalent for all federal positions you have held (if a federal position).
2. A complete Assessment Questionnaire
3. Other supporting documents to be submitted with application:
DD214: Veterans' Preference Documentation, if applicable, a DD-214 Member 4 copy, which shows type of discharge. If still active, provide an official Statement of Service. Any other documentation such as VA letter documenting disability, SF-15, and any other required supporting documentation based your veterans' preference claim.
SF-50: Federal applicants must submit an SF-50 (Notification of Personnel Action) that shows your most recent Promotion, Within Rate Increase (WRI/WGI), or Appointment/Conversion (if applying as a current or former Federal Employee) showing you are/were in the competitive service and the highest grade or promotion potential held. Do not use Award actions. If you are an EOP employee you may obtain a copy of your SF-50 from OPF or eOPF. If you have separated from Federal Government employment, you may obtain a copy of your SF-50 via: National Personnel Records Center, Annex, 1411 Boulder Boulevard, Valmeyer, IL, 62295; FAX (618) 935-3014; Email rm.communications@nara.gov; or visit the https://www.archives.gov/personnel-records-center/new-nprc.
Peace Corps volunteers must submit a copy of your "Description of Service (DOS)" in lieu of the SF-50. If you do not have one you should email the Peace Corps Office of Volunteer and PSC Financial Services at certify@peacecorps.gov.
If you are currently serving in a pay banded position, please include a copy of your pay band chart with your application.
College transcripts (if the position has a positive education requirement, or you are qualifying on the basis of education).
Documents submitted as part of the application package, to include supplemental documents, may be shared beyond the Human Resources Office. Some supplemental documents contain personal information such as SSN and DOB and some documents such as military orders and marriage certificates may contain personal information for someone other than you. You may sanitize these documents to remove said personal information before you submit your application.
To apply for this position, you must complete the online application and submit the documentation specified in the Required Documents section below. The complete application package must be submitted by 11:59 PM (EST) on the closing date of the announcement to receive consideration.
To begin, click Apply to access the online application. You will need to be logged into your USAJOBS account to apply. If you do not have a USAJOBS account, you will need to create one before beginning the application.
Follow the prompts to select your résumé and/or other supporting documents to be included with your application package. You will have the opportunity to upload additional documents to include in your application before it is submitted. Your uploaded documents may take several hours to clear the virus scan process.
After acknowledging you have reviewed your application package, complete the Include Personal Information section as you deem appropriate and click to continue with the application process.
You will be taken to the online application which you must complete in order to apply for the position. Complete the online application, verify the required documentation is included with your application package, and submit the application.
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/.
It is applicant's responsibility to verify that information entered and uploaded, (i.e., resume, veteran's documentation, completed assessment, and SF-50's) is received and accurate. Human Resources will not modify or change any part of your application. If a document is not in legible format, applicant will not be able to view it in Application Manager which means applicant must again upload or fax the documentation by the closing date of this announcement.
Application packages will NOT be accepted via mail or e-mail. All resumes/applications received at the addresses listed in the Contact Information or Agency Information will not be considered for this vacancy announcement.
Office of Management and Budget
725 17th Street, NW
Washington, DC 20503
US
Next steps
When the application process is complete, you will receive a confirmation notification by email and your application will be reviewed to determine if you meet the hiring eligibility and qualification requirements for which you requested consideration. You will be rated based on the information provided in your resume and responses to the questionnaire, along with your supporting documentation to determine your level of knowledge, skill, and ability related to the job requirements. After the qualification determinations are complete, you will receive another notification regarding the status of your application. If selected, you may be required to provide supporting documentation.
The hiring manager may choose to conduct interviews. Once the selection is made, a tentative job offer will be sent to the selectee. A security background investigation and drug screening will be conducted at that time. If the drug screening is negative and security background is cleared, then a formal job offer will be extended to candidate. Application statuses will be updated once a formal job offer has been extended.
Fair and transparent
The Federal hiring process is set up to be fair and transparent. Please read the following guidance.
