Financial Economist

Job Description & Qualification

The U.S. Securities and Exchange Commission in Washington, DC is seeking multiple financial economists for the Division of Economic and Risk Analysis (DERA). Candidates should have expertise in applied microeconomics fields such as finance, industrial organization, public policy, 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. 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. We seek applicants for financial economist positions, in the following DERA offices:
1. OFFICE OF ASSET MANAGEMENT: Provides economic analysis related to the regulation of investment advisers, investment companies, hedge funds, and other institutional investors.
2. OFFICE OF CORPORATE FINANCE: Provides economic analysis related to the regulation of issuers of securities.
3. OFFICE OF FINANCIAL INTERMEDIARIES: Provides economic analysis related to the regulation of broker-dealers, clearing agencies, and NRSROs.
4. OFFICE OF LITIGATION ECONOMICS: Provides economic analysis in the context of SEC enforcement actions.
5. OFFICE OF MARKETS 1: Provides economic analysis, including market microstructure, related to the regulation of trading in financial markets.
6. OFFICE OF MARKETS 2: Provides economic analysis, including market microstructure, related to the regulation of trading in financial markets.
7. OFFICE OF ECONOMIC STATISTICS: Provides statistical analysis in rulemaking economic analyses in corporate finance, financial intermediaries, and asset management, and produces statistical reports to stakeholders across the agency.
8. OFFICE OF RISK ASSESSMENT: Provides financial and risk modeling expertise to other offices and divisions to support supervisory, surveillance, and investigative programs related to corporate issuers, broker-dealers, investment advisers, OTCs, exchanges, and trading platforms.

Please visit DERA's website for more information on each of these offices: https://www.sec.gov/dera/careers/offices

Application Procedure

We are recruiting for two different types of positions: Fellows (term-limited), and Career (not-term-limited) positions. We encourage all candidates to apply for both types of positions.
1. Financial economists are hired on career-conditional/competitive appointments without time limits. Please follow the application instructions for financial economist.
2. Multiple selections may be made from this announcement for various DERA offices for positions with the same title, series, levels, promotion potential, qualifications, and specialized experience.
3. For additional information about DERA, please visit: http://www.sec.gov/dera

APPLICATION CONSIDERATIONS

FMA Interview Considerations:
Note: Closing date for this announcement is February 28, 2022. We will begin virtually interviewing well-qualified candidates during the 2021 Financial Management Association (FMA) Annual Meeting October 20–23, 2021. Interviews will continue until positions are filled. For interview consideration during the FMA meeting, please complete your application by October 15, 2021.

AFA Interview Considerations:
Note: Closing date for this announcement is February 28, 2022. We will virtually interview well-qualified candidates during the 2022 American Finance Association (AFA) Annual Meeting January 7, 2022. Interviews will continue until positions are filled. For interview consideration during the AFA meeting, please complete your application by December 10, 2021.


APPLICATION INFORMATION AND PROCEDURES FOR FINANICAL ECONOMIST

1. To apply for the financial economist position, you must submit a complete application package through USAJobs: https://go.usa.gov/xMmqJ. Please visit the USAJobs help center for assistance with the federal application process: https://www.usajobs.gov/help
2. You must meet the following requirements to be eligible for consideration:
a. CITIZENSHIP: U.S. citizenship
b. EDUCATION: A bachelor's degree or higher (Ph.D. preferred) from an accredited university or college with a major in economics that included at least 21 semester hours in economics and 3 semester hours in statistics, accounting, calculus, or a combination of education and experience including courses equivalent to a major in economics plus appropriate experience and additional education.
c. SPECIALIZED EXPERIENCE: In addition to the Basic Requirements above, applicants must also possess experience in (1) authoring economics or finance analyses that provide evidence of knowledge of current advanced economic theories and research techniques and are of comparable quality to those in peer-reviewed finance and economics journals, and (2) the application of economics as demonstrated in at least one three ways: (a) experience performing analyses that evaluate the economic effects, such as benefits and costs, of policies and rules on markets and their participants; (b) experience with quantifying economic effects, such as harm or ill-gotten gains, in the context of litigation economics; and/or (c) experience performing analyses that assess risks in economic or financial markets, including conduct, market or systemic risk;

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.
3. To receive consideration for this position, you must submit or complete the following requirements by the closing date of this announcement: curriculum vitae or resume; complete undergraduate and graduate school transcripts; responses to the online applicant questionnaire; list of three references; and an original job market paper or industry report or other in-depth writing sample that provides evidence of knowledge of current advanced economic theories and research techniques in applied economics. Your application will not be considered until it is complete.

a. Multiple offices within DERA have vacancies. The candidate is asked to select the office or offices to which he or she wants to apply during the online questionnaire at USAJobs. The offices are described on the following website: https://www.sec.gov/dera/about
b. Please specify the full date (year, month, and day) for your reported employment history. Partial dates may result in lower salary offers.
4. Three letters of recommendation are strongly encouraged, but they are not required. They may be sent to DERARecLetters@sec.gov
5. All qualification requirements and supporting documentation must be received by the closing date of this announcement.
6. For information about SEC benefits, please visit https://www.sec.gov/careers
7. The closing date for this position is February 28, 2022.

About the Organization

DERA advances the Commission's mission to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation through sound economic analysis and rigorous data analytics. DERA engages across the entire range of the agency's functions, including rulemaking, examination, and enforcement. Its multi-disciplinary analyses are informed by research insights, and they rely on the knowledge of institutions and practices when examining regulatory and risk-related matters. DERA assists the Commission in its efforts to identify, analyze, and respond to economic and market issues, including those related to new financial products, investment and trading strategies, systemic risk, and fraud. DERA's data analytics work develops a variety of financial and market data analysis tools, gathers economic statistics, and promotes data standards.

For Additional Questions

DERARecLetters@sec.gov

Job ID

ID: J9527