Financial Economist, CG-0110-12/13/14

Duties

At the full performance level, major duties include:

• Works with staff and management of the Division and other FDIC business units to identify and define appropriate topics of inquiry related to economic trends and their implications for the banking industry.
• Monitors ongoing economics, financial and banking trends that influence risks to the insurance funds, including trends in the global economy, the U.S. macro-economy, key industry sectors, the markets for money, capital, commodities and foreign exchange, and economic and financial policy issues.
• Conducts complex economic analysis and research to ascertain the relationship between economic, financial market, and other factors with the banking industry and the financial system.
• Constructs original, informative visualizations, including charts, simulations, and other illustrations to convey complex information quickly and clearly to non-technical audiences.
• Writes clear and concise descriptions of relevant risks and trends, incorporating accepted methods of economic, financial and statistical analysis, and also incorporating the input of other DIR management and staff to ensure that written material reflects the collective judgment of the organization.
• Writes studies, reports and briefing materials that present key findings of analysis.
• Present analytical results to the management and professional staff of the Division, the FDIC and other organizations with an interest in these topics.

Requirements

Conditions of Employment

Registration with the Selective Service.

U.S. Citizenship is required. 

Employment Conditions.

Completion of Financial Disclosure may be required.

Minimum Background Investigation (MBI) required.

Qualifications

Qualifying experience may be obtained in the private or public sector. 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. Additional qualifications information can be found here.

Basic Requirement:

1. Degree: economics, that included at least 21 semester hours in economics and 3 semester hours in statistics, accounting, or calculus.

Or

1. Combination of education and experience: courses equivalent to a major in economics, as shown in A above, plus appropriate experience or additional education.

In addition to the basic requirements stated above, applicants must also possess specialized experience.

To qualify for the CG-12, applicants must have completed at least one year of specialized experience equivalent to at least the grade 11 level or above in the Federal service. Specialized experience is experience using economic principles and theories to conduct research on trends or relationships in the economy, financial system, or financial services industry; applying economic theories and principles or econometric techniques; gathering data and conducting analysis in statistical programs and software packages to answer research questions, and summarizing results and trends in writing.

To qualify for the CG-13, applicants must have completed at least one year of specialized experience equivalent to at least the grade 12 level or above in the Federal service. Specialized experience is experience using economic principles and theories to propose and conduct research on trends or relationships in the economy, financial system, or financial services industry; proposing and developing a research framework by applying economic theories and principles and employing econometric techniques; gathering data and conducting analysis in statistical programs and software packages to answer research questions.

To qualify for the CG-14, applicants must have completed at least one year of specialized experience equivalent to at least the grade 13 level or above in the Federal service. Specialized experience is experience using economic principles and theories to propose, conduct and verify/validate research on trends or relationships in the economy, financial system, or financial services industry; proposing and carrying out a research framework by applying economic theories and principles and employing econometric techniques independently ; gathering data and conducting analysis in statistical programs and software packages to answer research questions. In addition, must have experience evaluating the implications of financial and economic events for policy development, evaluate systemic financial risk, or evaluate economic policy or policy concerning the condition of the banks or other financial institutions.

YOU MUST PROVIDE ALL TRANSCRIPT(S) (unofficial copy is acceptable).

Education

See requirements stated under QUALIFICATIONS.

Additional information

Selectee(s) for this position will be required to report to their duty station office at least 1 day per pay period beginning January 2, 2024, and at their supervisor’s direction to support mission and project needs. In person reporting requirements are expected to increase in July 2024.

If selected, you may be required to serve a probationary period.

To read about your rights and responsibilities as an applicant for Federal employment, click here.

Additional selections may be made from this vacancy announcement to fill identical vacancies that occur subsequent to this announcement.

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• Benefits
• Help Help
• 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.
• In addition to the regular benefits offered by Federal agencies, the FDIC offers additional benefits to its employees. These benefits, some at minimal cost, are some of the best and most competitive in both the private and public sectors.
• To find out more, click here.
• 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.

Help Help

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.

In addition to the regular benefits offered by Federal agencies, the FDIC offers additional benefits to its employees. These benefits, some at minimal cost, are some of the best and most competitive in both the private and public sectors.

To find out more, click here.

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.

Required Documents

INTERAGENCY TRANSITION ASSISTANCE PROGRAM (ICTAP): If you are a displaced Federal employee eligible for consideration under ICTAP, you must submit proof of eligibility. For more information, click here.

EDUCATION DOCUMENTS: This position has a positive education requirement. In order to be considered, you must submit a copy of your college transcript (an unofficial transcript is acceptable). Education must be from accredited institutions. For a listing of accredited educational institutions, click here. An official transcript will be required if you are selected. If you attended more than one university and need to send multiple transcripts, please upload/fax all transcripts as one document.

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. For more information, click here.

If you are relying on your education to meet qualification requirements:

Education must be accredited by an accrediting institution recognized by the U.S. Department of Education in order for it to be credited towards qualifications. Therefore, provide only the attendance and/or degrees from schools accredited by accrediting institutions recognized by the U.S. Department of Education.

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.

Fair & Transparent

The Federal hiring process is set up to be fair and transparent. Please read the following guidance.

• Equal Employment Opportunity (EEO) Policy
• Reasonable accommodation policy
• Financial suitability
• Selective Service
• New employee probationary period
• Signature and false statements
• Privacy Act
• Social security number request

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