The U.S. Office of Comptroller of the Currency anticipates multiple openings for Financial Economists in the Market Risk Analysis Division (Market RAD) in Washington, DC.
Areas/Skills of Interest: Quantitative Finance, Derivatives, Risk Management, Econometric Methods and Modeling, General Financial Markets, Financial Institutions and Services
Who we are:
The OCC’s Market Risk Analysis Division (Market RAD), located in Washington D.C., has openings for financial economists and senior financial economists. The OCC charters, regulates, and supervises all national banks, federal branches, and agencies of foreign banks and federal savings associations. Financial Economists in Market RAD use their knowledge of modeling and analysis to evaluate the adequacy and robustness of models used by large national banks for their capital market activities and to provide advice to national bank examiners, OCC senior management and bankers on the appropriateness of model development and use, as well as model risk management processes. Quantitative models used in capital market activities include valuation and risk measurement models used for derivatives trading, asset liability management, market and counterparty risk management, mortgage banking, stress testing and regulatory capital assessment (Basel II.5 and Basel III). Our model reviews usually require us to work onsite at banks, so the job requires about 25 percent travel time. The remainder of staff time includes scholarly research for publication, policy consultation, and examiner training on various quantitative modeling issues.
Desired Candidates (have one or more of the following examples of experience):
- Candidates who will demonstrate interest in and have knowledge of finance/financial economic theories, quantitative methods and econometric techniques such as those developed, applied and published in academic journals, in valuation or risk analysis of financial instruments, financial markets, or financial institutions, and skill and experience in conducting research in these areas.
- Candidates who hold a Ph.D. or have a firm expectation of completing their Ph.D. in Economics, Finance, Statistics, or related quantitative field, or they have an equivalent combination of education and industry experience.
- Candidates with demonstrated expertise in financial economics or have a substantial publication record or significant financial industry experience in related areas.
POSITION REQUIREMENT: Candidates must be U.S. citizens, U.S. nationals, or U.S. lawful permanent residents with the intent to become U.S. citizens.
FOR MORE INFORMATION: We will have representatives at the 2018 AFA Annual Meeting in Philadelphia, PA, Jan 5-7, 2018. Please email your expressions of interest, qualifications and/or job inquiries to EconMarketRAD2@occ.treas.gov with email subject line “2018 AFA Market RAD - Your Last Name”. Please also indicate clearly in your email whether you are currently a U.S. citizen, U.S. national, or U.S. permanent resident (green card holder). Official posting announcements will be made available on www.usajobs.gov in December.