The Division of Clearing and Risk (DCR or Division) leads the Commodity Futures Trading Commission’s efforts in ensuring the integrity of cleared derivatives markets and minimizing systemic risk through the oversight of derivatives clearing organizations (DCOs) and clearing participants.
Summary
The Division of Clearing and Risk (DCR or Division) leads the Commodity Futures Trading Commission’s efforts in ensuring the integrity of cleared derivatives markets and minimizing systemic risk through the oversight of derivatives clearing organizations (DCOs) and clearing participants.
DCR fulfills this mission by engaging in a broad set of activities, including: 1) the examination of DCOs for compliance with all relevant requirements of the CEA and Commission regulations, 2) writing rules and related policy documents on issues pertaining to DCOs, including the protection of customers in the bankruptcy or insolvency of an FCM or DCO, and 3) conducting daily risk surveillance by identifying, quantifying, and monitoring the risks posed by and to DCOs, clearing members, and their clients.
As an executive at the Commodity Futures Trading Commission (CFTC), the incumbent serves as a key member of the agency's leadership team. In this role, the executive is responsible for managing one or more key programs, advising the agency on policymaking, and collaborating across organizational lines on agency-wide issues. The Deputy Director for Examinations in DCR serves as a consultant and principal advisor to the Director, Division senior staff, and Commission senior staff concerning the Division's Examinations program. In this role, the Deputy Director serves as a member of the Division's senior staff and is responsible for policy and management functions to direct the Examinations program, staff and resources. If selected for this role, you will be instrumental in assisting the Director in defining, planning, and formulating the mission and goals to ensure programmatic and resource commitment to accomplishing the Division's work. In addition, the Deputy Director explores and develops ideas, evaluates problems, and implements courses of action in a wide variety of clearing-related areas, many of which are unprecedented or where precedent and past practices do not necessarily serve emerging needs. Additionally you will;
Provide expert advice and technical guidance to the Director, the Commission, and Commission senior staff on the impact of the Examinations program over DCOs, proposed regulatory initiatives, legislation, regulations, interpretations, and policy statements.
Develop guidelines and other regulatory approaches applicable to the examination of DCOs.
Conduct oversight and examinations of DCOs to evaluate their compliance with applicable provisions of the Commodity Exchange Act and Commission regulations, including Core Principles such as: financial resources, risk management, default procedures, protections for customer funds, and system safeguards.
Conduct annual examinations of DCOs determined by the Financial Stability Oversight Council to be systemically important to assess their compliance with heightened risk management and prudential standards.
Develop and maintain policies and procedures used to examine and review DCOs’ compliance with the Commodity Exchange Act, Commission regulations, and Division policy statements and interpretations.
Review and conduct timely follow-up of notices received from DCOs relating to financial or operational issues.
Present the position of the Division concerning issues and matters pertaining to examinations and reviews of DCOs to other divisions/offices and the Commission, and represent the Division at conferences, seminars, workshops, committees and meetings.
Research and analyze problems, issues, and trends related to DCO compliance issues and provide analytical reports or recommendations for future actions.
Perform analyses, reviews, studies, and special projects relating to the Division's Examinations program.
Lead or participate in special task forces or project groups, providing expertise on clearing-related issues
Provides support to the Director, including executive direction and oversight, and shares fully in the planning, organizing, directing, controlling, and coordinating of the Division’s Examinations Branch (Branch).
Establish and evaluate the goals of the Examinations program, and the progress made toward achieving them, and institute policies and procedures directed toward improving the efficiency and effectiveness of the Branch.
Determine resource needs and allocate personnel, funding, and material to achieve overall work objectives.
Manage the human, financial and material resources of the Branch.
Build coalitions with other CFTC Directors and maintain effective relationships with industry participants, other agencies, members of Congress and other interested parties.
May be required to serve a one-year supervisory probationary period
Selective Service Registration is required for males born after 12/31/1959
Your resume must include information that emphasizes progressive leadership responsibilities for positions held to include the scope and complexity, program accomplishments, and results of executive actions taken. Additionally the resume must include information that addresses how your qualifications relate to the Mandatory Technical Qualification (MTQs) and the Executive Core Competencies (ECCs).
Qualifications
CT-16 Level: To qualify for the CT-16 level you must have at least one year of specialized experience equivalent to the next lower grade (GS/CT-15 level). Specialized experience is defined as that through which one has gained experience in accounting, auditing, regulatory compliance, risk management, risk governance, system safeguards and related concepts, practices and procedures in order to manage an examination program. This specialized experience includes oversight, management, and conduct of a wide range of activities including directing the work of others.
In addition, you must show that you possess the Executive Core Competencies (ECCs) and Mandatory Technical Qualifications (MTQs) related to this position within your resume - NOT TO EXCEED 2 PAGES. Resumes over the 2-page limit, will not be reviewed beyond page 2 or may be disqualified. Your resume should include examples of experience and accomplishments applicable to the MTQs and ECCs. If your resume does not reflect demonstrated evidence of these qualifications, you may not receive consideration for the position.
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. Candidates will not be hired based on their race, sex, color, religion, or national origin.
MANDATORY TECHNICAL QUALIFICATIONS (MTQs): Your resume should demonstrate accomplishments that would satisfy the technical qualifications.
MTQ 1: Experience in leading an examination program involving the oversight of financial institutions’ compliance with regulatory obligations. This experience includes assessing an entity’s compliance with obligations related to: financial resources and reporting, risk management, governance, system safeguards, business continuity/disaster recovery, recordkeeping, and other compliance obligations.
MTQ 2: Experience in drafting summary reports and presentations which clearly and effectively communicate results related to examination and compliance reviews; and ability to work with individuals and entities on examination findings to ensure timely and complete follow-up with compliance concerns.
MTQ 3: Experience providing technical expertise in the development of rules, regulations and compliance standards related to cleared derivatives markets, including futures, swaps, or options on futures.
EXECUTIVE CORE COMPETENCIES (ECCs): In addition to the Mandatory Technical Qualification Requirements listed above, your resume will be assessed for executive competency against the following four mandatory ECCs.
Leading the Organization - Develops and implements an organizational vision that integrates program goals, priorities, and values. Is able to build coalitions to execute the organizational vision with buy-in from internal and external stakeholders.
Leading Others - Provides a clear direction and inspires others towards meeting the mission and vision in a changing environment. Displays the ability to provide constructive feedback, supports the resolution of conflict, demonstrates a collaborative and cooperative approach.
Leading Yourself - Understands personal strengths and weaknesses and objectively views their behavior. Seeks and accepts constructive feedback and adapts personal leadership style/strategies as needed to most effectively build trust and lead their division/office. Takes advantage of learning opportunities to increase effectiveness.
Driving Results - Ability to meet organizational goals and customer expectations. Makes decisions that produce high-quality results by applying technical knowledge, analyzing problems, and calculating risks. Assesses and adjusts to implementing innovative solutions to make organizational improvements. Develops and executes plans that achieve outcomes for the organization.
Experience refers to paid and unpaid experience, including volunteer work done through National Service programs (e.g., professional philanthropic, religious, 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.
Note: This position is being advertised competitively via delegated examining procedures. Current Members of the SES, those that have been certified through successful participation in an OPM approved SES Candidate Development Program (SESCDP), or have SES reinstatement eligibility, MUST ensure the CFTC's ECCs are demonstrated within their experience and accomplishments. Proof of eligibility for a noncompetitive SES appointment (e.g., SF-50, Certification by OPM's SES Qualifications Review Board (QRB)) will not be accepted. If your resume does not reflect demonstrated evidence of these qualifications, you may not receive consideration for the position.
Education
To be creditable, education must have been obtained in an accredited college or university. You must report only attendance and/or degrees from schools accredited by accrediting institutions that are recognized by the U.S. Department of Education. For a list of schools that meet this criterion, see www.ed.gov.
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
This position is not in the Bargaining Unit.
Relocation. Relocation expenses will not be paid.
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. Federal agencies must provide reasonable accommodation to applicants with disabilities where appropriate. Applicants requiring reasonable accommodation for any part of the application and hiring process should contact the hiring agency directly. Determinations on requests for reasonable accommodation will be made on a case-by-case basis.
Probationary Period. As a condition of employment for accepting this position, you may be required to serve a 1-year supervisory probationary period during which we will evaluate your fitness and whether your continued employment advances the public interest. In determining if your employment advances the public interest, we may consider: • your performance and conduct; • the needs and interests of the agency; • whether your continued employment would advance organizational goals of the agency or the Government; and • whether your continued employment would advance the efficiency of the Federal service. Upon completion of your probationary period your employment will be terminated unless you receive certification, in writing, that your continued employment advances the public interest.
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.
Once the application process is complete, a review of your resume and supporting documentation will be conducted. ECCs and MTQs must be thoroughly addressed within your two (2) page resume. Separate narratives will not be accepted or reviewed. If you meet minimum qualifications, your resume will be further evaluated by a panel of subject matter experts to determine how well you meet the ECCs and MTQs criteria listed above. A panel of subject matter experts will place your application in one of three predefined categories: Best Qualified, Well Qualified, or Qualified. Within each category, those determined to be entitled to Veterans' Preference, consistent with 5 U.S. Code § 3319, who have supplied all appropriate documentation will be listed at the top of the category in which they are placed based on evaluation of their complete application. Minimally qualified preference eligibility candidates with a service-connected disability of 10% or more will be listed at the highest quality category.
If your resume is referred to the selecting official for further consideration, you may undergo one or more interviews.
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:
Resume showing all relevant and related experience (2 pages max);
Most recent performance evaluation (strongly recommended);
Veterans' preference documentation, if applicable.
Veterans Preference: If you are entitled to veteran preference, you should indicate the type of veteran preference you are claiming on your resume. In order to verify your veteran preference entitlement, please submit a copy of your veteran's documentation including a DD-214 (member 4 copy preferred, however, the documentation provided must contain dates and character of service); official statement of service from your command if you are currently on active duty; or other official documentation (e.g., documentation of receipt of a campaign badge or expeditionary medal) that shows your military service was performed under honorable conditions. In addition, if you are a disabled veteran, a Purple Heart recipient, or widow/widower of a veteran, the spouse of a disabled veteran or the natural mother of a disabled or deceased veteran, you must submit a Standard Form (SF) 15, “Application for 10-Point Veteran Preference,” and the other required documentation identified on the reverse side of the SF-15 to support your preference claim. Although veteran preference points are not assigned under the category rating procedures described under “How You Will Be Evaluated,” veteran preference eligibles are listed ahead of non-veterans within each category for which they are qualified.
OPM must authorize any employment offers made to current or former (within the last 5 years) political Schedule A, Schedule C, or Non-career SES employees in the executive branch. If you are currently, or have been within the last 5 years, a political Schedule A, Schedule C, or Noncareer SES employee in the executive branch, you must disclose that to the Human Resources Office.
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 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.
You must provide a complete Application Package, which includes:
Resume showing all relevant and related experience (2 pages max);
Most recent performance evaluation (strongly recommended);
Veterans' preference documentation, if applicable.
Veterans Preference: If you are entitled to veteran preference, you should indicate the type of veteran preference you are claiming on your resume. In order to verify your veteran preference entitlement, please submit a copy of your veteran's documentation including a DD-214 (member 4 copy preferred, however, the documentation provided must contain dates and character of service); official statement of service from your command if you are currently on active duty; or other official documentation (e.g., documentation of receipt of a campaign badge or expeditionary medal) that shows your military service was performed under honorable conditions. In addition, if you are a disabled veteran, a Purple Heart recipient, or widow/widower of a veteran, the spouse of a disabled veteran or the natural mother of a disabled or deceased veteran, you must submit a Standard Form (SF) 15, “Application for 10-Point Veteran Preference,” and the other required documentation identified on the reverse side of the SF-15 to support your preference claim. Although veteran preference points are not assigned under the category rating procedures described under “How You Will Be Evaluated,” veteran preference eligibles are listed ahead of non-veterans within each category for which they are qualified.
OPM must authorize any employment offers made to current or former (within the last 5 years) political Schedule A, Schedule C, or Non-career SES employees in the executive branch. If you are currently, or have been within the last 5 years, a political Schedule A, Schedule C, or Noncareer SES employee in the executive branch, you must disclose that to the Human Resources Office.
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 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.
