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This position is located in the Risk Surveillance Branch of the Division of Clearing and Risk (DCR). The Risk Surveillance Branch (RSB) is responsible for quantitative risk surveillance of the clearing eco-system – derivatives instruments, both cleared and uncleared, markets intermediaries and their clients, and clearinghouses. The program has three core functions: margin model oversight, daily risk surveillance, and supervisory stress tests.
Learn more about this agency05/04/2021 to 06/01/2021
$105,797 - $227,532 per year
CT 12 - 14
Many vacancies in the following locations:
Yes—as determined by the agency policy.
Occasional travel - 10% to 15% annually
No
Permanent
Full-Time
Competitive
14
No
No
CFTC-DCR-2021-0003
600302300
U.S. Citizens, Nationals or those who owe allegiance to the U.S.
Current or former competitive service federal employees.
We will accept applications from qualified U.S. citizens.
THIS VACANCY ANNOUNCEMENT IS BEING AMENDED TO ADD AN ADDITION TWO WEEK TO THE CLOSING DATE. THE VACANCY ANNOUNCEMENT WILL CLOSE ON 06/01/2021.
As a Risk Analyst (Margin Models) in the Risk Surveillance Branch, you will:
Additional selections may be made from this announcement as needed.
CT-12 Level: To qualify for the CT-12 level - Applicants must have at least one year of specialized experience equivalent to the next lower grade level of an GS/CT-11. Specialized Experience is defined as experience applying advanced statistical concepts including value at risk, extreme value theory, GARCH, and EWMA. In addition, experience using tools such as SAS, Matlab, R, and Python, ability to mine large databases, and create data visualizations. This experience can be gained either through academic coursework or research related to a master’s or doctoral degree, or work experience.
CT-13: To qualify for the CT-13 level - Applicants must have one year of specialized experience equivalent to the GS/CT-12 level. Specialized Experience is defined as experience applying advanced statistical concepts within a risk management or related frameworks including value at risk, extreme value theory, GARCH, and EWMA; knowledge of derivatives market structure, asset pricing and modeling techniques. In addition, experience using tools such as SAS, Matlab, R, and Python, ability to mine large databases, and create data visualizations.
CT-14: To qualify for the CT-14 level - Applicants must have one year of specialized experience equivalent to the next lower grade level of GS/CT-13. Specialized Experience is defined as experience applying advanced statistical concepts within the risk management framework including value at risk, extreme value theory, GARCH, and EWMA; knowledge of derivatives market structure and risks in financial market activities, asset pricing and modeling techniques, usage of statistical software (SAS, MATLAB, etc.) to value interest rate swaps and interest rate swap portfolios, value credit default swaps and credit default swap portfolios and to mine large databases, analyzing data, and creating data visualizations. Experience gained at a clearing house, bank, members of a clearing house, trading firm, or a regulatory agency with oversight authority over aspects of the financial markets is highly desirable.
The experience may have been gained in either the public or private sector. One year of experience refers to full-time; part-time work is considered on a prorated basis.
Relocation. Relocation expenses will not be paid.
Must serve a one year probationary period.
Interagency Career Transition Assistance Program (ICTAP). The ICTAP provides eligible displaced federal competitive service employees with selection priority over other candidates for competitive service vacancies. If your agency has notified you in writing that you are a displaced employee eligible for ICTAP consideration, you may receive selection priority if: 1) this vacancy is within your ICTAP 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 score 85 or better on established ranking criteria. You must provide proof of eligibility with your application to receive selection priority. Additional information about ICTAP eligibility is at: http://www.opm.gov/ctap/index.asp.ICTAP candidates MUST submit:
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.
The following links provide information on how you may be eligible for various hiring authorities: 1. VRA - http://federaljobs.net/veterans.htm 2. VEOA - http://opm.gov/staffingPortal/Vetguide.asp 3. 30% or more disabled veteran - http://opm.gov/staffingPortal/Vetguide.asp 4. Persons with disabilities - http://www.opm.gov/DISABILITY/ 5. CTAP - http://www.opm.gov/ctap/ 6. ICTAP - http://www.opm.gov/ctap/
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.
You will be evaluated for this job based on how well you meet the qualifications above.
Your application will be evaluated and rated under CFTC Category Rating and Selection Procedures. Your resume and supporting documentation will be used to determine whether you meet the job qualifications listed on this announcement. If you are minimally qualified for this job, your resume and supporting documentation will be compared to your responses on the online assessment questionnaire. If you rate yourself higher than is supported by your application materials, your responses may be adjusted and/or you may be excluded from consideration for this job. Your application will then be placed in one of three categories: Best Qualified, Qualified. Names of all candidates in the best qualified category will be sent to the hiring official for employment consideration. Candidates within the best qualified category who are eligible for veterans preference will receive selection priority over non-veteran preference eligible.
You will be evaluated on the basis of your level of competency (knowledge, skills, and abilities) in the following areas:
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.
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 user name 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 user name 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/.
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.
Your status will also be updated on USAJOBS throughout the process. You can check your status, by accessing the USAJOBS website at http://usajobs.gov/ and clicking on "Track Your Online Application."
The Federal hiring process is set up to be fair and transparent. Please read the following guidance.
This job originated on www.usajobs.gov. For the full announcement and to apply, visit www.usajobs.gov/job/600302300. Only resumes submitted according to the instructions on the job announcement listed at www.usajobs.gov will be considered.
Learn more about
Apply now for an exciting opportunity at the Commodity Futures Trading Commission (CFTC). With an expanded mission and authority to include oversight of the swap markets, the CFTC continues to protect the American public by promoting market integrity, transparency and preventing and prosecuting fraud, manipulation and other abuse in the futures and options markets. Please visit www.cftc.gov to learn more about the CFTC.
