Financial Economist

Job Description & Qualification

Candidates should have an interest and research experience in: applied microeconomics fields such as finance, industrial organization, public economics, and labor. We seek individuals with a track record of creative thinking, strong empirical research abilities, and excellent communication skills. Interest in finance, securities markets and public policy is essential given our mission.

This position is in the Division of Risk and Economic Analysis (DERA), The Division is headquartered in Washington, DC.

Financial economists provide economic guidance and research expertise to a broad range of activities, including rulemakings, enforcement actions, market risk assessments, and other regulatory initiatives. In all roles, candidates must demonstrate their ability to apply their knowledge of economics and econometrics in support of the SEC's mission to protect investors, facilitate capital formation, and ensure fair and orderly markets.
• Provide economic guidance and research expertise to a broad range of activities, including federal policy, rule-making, enforcement actions, market risk assessment, and other regulatory initiatives, with opportunities to specialize in policy areas.
• Identify economic issues and participate in design, data collection and analysis, message development, and report writing.
• In collaboration with multi-disciplinary team members, develop econometric analyses of economic, financial, and administrative data to assess the efficiency and effectiveness of federal financial and securities regulations and policies.
• Apply advanced economic concepts and tools to the evaluation of economic trade-offs associated with federal financial rules and policies, including their impact on individuals, businesses, market efficiency, competition, and capital formation.
• Critically evaluate economic research conducted by federal agencies, academics and other experts to determine quality, relevance and implications for federal financial rules and policies.
• Review draft reports to ensure accuracy, precision, and clarity of presentation of economic issues and data.
• Clearly communicate in writing the methods and conclusions of advanced economic and econometric analyses and evaluations of economic and financial research.
• Present results of economic research in formal and informal settings, including policy discussions, team meetings, and briefings for the SEC's leadership.

Travel Required
Not required.

Conditions of Employment
• You must be a US Citizen.
• Application procedures are specific to this vacancy announcement. Please read all the instructions carefully. Failure to follow the instructions may result in you not being considered for this position.
• Supplementary vacancies may be filled in addition to the number stated in this announcement.
• This position has promotion potential to the SK-14 level.
• TRIAL PERIOD: This appointment may require completion of a two-year trial period.
• SECURITY CLEARANCE: Entrance on duty is contingent upon completion of a pre-employment security investigation. Favorable results on a Background Investigation may be a condition of employment or selection to another position.
• DRUG TESTING: This position may be subjected to drug testing requirements.
• PERMANENT CHANGE OF STATION (PCS): Moving/Relocation expenses are not authorized.
• DIRECT DEPOSIT: All Federal employees are required to have Federal salary payments made by direct deposit to a financial institution of their choosing.
• This position is in the collective bargaining unit.
• Due to COVID-19, the SEC is currently in a mandatory telework posture through September 7, 2021. If selected, you will be permitted to temporarily telework from a location outside the local commuting area.
• Once employees are permitted to return to the office, you will be expected to report to the duty station listed on this announcement within 60 days. At that time, you will be eligible to request telework in accordance with the SEC 's telework policy.
• This position is located in Washington, D.C. - with limited opportunities for placement in regional offices, for well-qualified selectees.

All qualification requirements must be met by the closing date of this announcement.
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. Qualifying education must have been obtained from an accredited college or university recognized by the U.S. Department of Education.
A. Applicants must show successful completion of a full four-year course of study in an accredited college or university leading to a bachelor's or higher degree in economics that included at least 21 semester hours in economics and 3 semester hours in statistics, accounting, or calculus.
B. An appropriate combination of education and experience----courses equivalent to a major in economics, as shown in A above, plus appropriate experience or additional education. Examples of qualifying experience include 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 in economic subjects in combination with one of the following: personal research that produced evidence of results, direction of graduate theses in economics, or service as a consultant or advisor on technical economics problems.

In addition to the Basic Requirements above, applicants must also possess at least one year of specialized experience equivalent to at least the GS/SK-13 level. Specialized experience includes experience in the application of economics than may be demonstrated in at least one of the following five ways:
1. Success in conducting research that is of comparable quality to peer- 2 and economics journals;
2. Experience analyzing the economics of securities litigation that have been submitted in federal courts or in the context of an SEC action, including the quantification of either harm to investors or ill-gotten gains;
3. Experience writing reports that evaluate the effect of policy and rule changes on market performance and function;
4. Experience writing reports in market microstructure or similar applied microeconomic fields such as industrial organizations and auction theory;
5. Experience in analyzing the costs and benefits of regulations in financial markets, including effects on market efficiency, competition, and capital formation.

Qualifying experience may have been obtained in the public or private sector, including faculty appointments at academic institutions, positions in economic and financial consulting firms, and certain staff positions at U.S. financial regulators.

Application Procedure

Application deadline: October 12, 2021

For Additional Questions

Job ID

ID: J8866