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Vacancy Details


Announcement Number:
Hiring Agency:
Departmental Offices (DO)
Position Title:
Open Period:
08/19/2019 - 09/16/2019


OR - 0110 70
USD $149,231 - USD $263,788
Work Schedule:
Full-time - Career/Career Conditional
Promotion Potential:
Duty Location(s):
Washington, DC, US
Telework Eligible:
For More Info:
Applicant Call Center


Hiring Path:
• Open to the public
Who May Apply/Clarification From the Agency:
U.S. citizens or U.S. Nationals; no prior Federal experience is required.
Security Clearance Required:
Not Required
Appointment Type
Appointment Type Details:
Marketing Statement:
The U.S. Department of the Treasury has a distinguished history dating back to the founding of our nation. As the steward of U.S. economic and financial systems, Treasury is a major and influential leader in today's global economy. We have over 100,000 employees across the country and around the world and we celebrate each individual’s identities and experiences. Our core value of inclusive diversity encourages our employees to be themselves and innovate from their unique perspectives. Come Join the Department of the Treasury and Invest in Tomorrow.

The Office of Financial Research (OFR) is recruiting to fill a key position. We offer both flexible work schedules and an opportunity for challenging and interesting work. The OFR is located in the heart of Washington, DC with an office on 14th street, near the White House, a few blocks from the McPherson Square and Metro Center metro stations, and close to shops, museums, and restaurants. 

Supervisory Position:
Relocation Expenses Reimbursed:
Travel Required:
Occasional Travel

1 - 5 days a month


As a Supervisory Financial Economist, you will:

  • Oversee a team within the Research and Analysis division that is responsible for producing high quality, innovative research on financial markets and/or financial institutions with particular focus on implications for financial stability. Topics include, but are not limited to, asset management, asset pricing, banking, contagion, derivatives, fire sales, hedge funds, high-frequency trading, housing finance, financial innovation, financial market microstructure, financial networks and spillovers, insurance, interconnectedness, leverage, liquidity, macroeconomic amplifiers and transmission channels, macroprudential policy tools, private equity, risk management models and practices of financial institutions, runs on financial institutions, securitization, short-term funding, stress testing, systemic risk, and volatility.

  • Manage the provision of research, information, and data generated by the team on a wide range of financial market and/or financial institution issues relevant to financial stability, to the public and policymakers. Provide authoritative research and data to the OFR Director and the Deputy Director of the Research and Analysis Center, and, through them, to the public, Financial Stability Oversight Council members and senior Council officials as requested.

  • Serve as the Office’s authority on matters involving data collection and research and analysis of financial markets and/or financial institutions and polocies affecting them, as they relate to financial stability and associated data gaps.

  • Provide staff support to the production of the OFR’s Annual Report, Financial Stability Report, and other OFR publications, papers, and products.

  • Collaborate with other Associate Directors within the Office to monitor and assess the significance of current and future financial, economic, policy, and technological developments as they relate to financial stability, including producing memos, publications, papers, and other products on such developments, occasionally under tight time constraints.

Qualifications and Evaluations


The experience may have been gained in either the public, private sector or volunteer service. One year of experience refers to full-time work; part-time work is considered on a prorated basis. To ensure full credit for your work experience, please indicate dates of employment by month/day/year, and indicate number of hours worked per week on your resume.

Key Requirements:
  • Please refer to "Conditions of Employment."
  • Click "Print Preview" to review the entire announcement before applying.
  • Must be U.S. Citizens or U.S. Nationals
  • Education Requirements:

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


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

    The education generally must be from an accredited (or pre-accredited) college or university recognized by the U.S. Department of Education.


    Your application includes your resume, responses to the online questions, and required supporting documents. Please be sure that your resume includes detailed information to support your qualifications for this position; failure to provide sufficient evidence in your resume may result in a “not qualified” determination.

    Rating: Your application will be evaluated in the following areas: Technical. Based on your responses to the questions, your application will be sent to a subject matter expert (SME) for review and ranking. The SME will sort all applicants into three categories (A, B, and C) based on the three rating factors in the questions (please review before submitting your application). Those in category A will be forwarded on to the hiring manager for review (category B may be sent at a later date if needed).

    This announcement is issued under "direct-hire" authority. Consistent with 5 U.S.C 3304(a)(3) and OPM regulations (5 CFR 337 Subpart B) on direct-hire: All candidates who meet all the qualification and other eligibility requirements may be referred for consideration. Competitive examining rules providing for rating and ranking and veterans' preference do not apply.

    Referral: If you are among the top qualified candidates, your application may be referred to a selecting official for consideration. You may be required to participate in a selection interview.

    If you are a displaced or surplus Federal employee (eligible for the Career Transition Assistance Plan (CTAP)/Interagency Career Transition Assistance Plan (ICTAP)) you must be assigned the middle category or better to be rated as “well qualified" to receive special selection priority.


    You must meet the following requirements by the closing date of this announcement.

    Specialized experience: For the OR-70 (GS-15), you must have one year of specialized experience at a level of difficulty and responsibility equivalent to the OR-60 (GS-14) grade level in the Federal service. Specialized experience for this position includes:

    • Experience leading or supervising the activities of researching, interpreting and communicating research on financial market and/or financial institution issues relevant for financial stability; AND

    • Experience leading or supervising the production and presentation of formal research products, such as papers, presentations, briefing memos, analyses, and recommendations, on financial market and/or financial institution issues relevant for financial stability; AND

    • Producing and publishing research or analysis on financial and economic topics concerning financial market and/or financial institution issues relevant for financial stability, in papers or reports intended for publication in relevant academic, government or industry publications or refereed academic journals; AND

    • Monitoring, investigating, and reporting on changes in financial markets and/or financial institutions and their implications for financial stability; AND

    • Developing mathematical or statistical models to assess the nature, behavior, or structure of financial markets and/or financial institutions and their implications for the economy and policies pertaining to financial stability.

    Examples of research on the relevant topics (financial stability-related issues regarding financial markets, financial institutions, or risk management practices of financial institutions) may include independently planning and conducting financial or economic research projects; experience applying analytical and research techniques (e.g., econometrics, mathematical economics, network analysis, game theory); developing mathematical or statistical models to assess the impact of the financial sector or financial developments on the economy.

    - Qualifying experience does NOT include:
    - Performing economic research or publishing on subjects unrelated to financial institutions or financial markets or policies affecting financial institutions or financial markets (including but not limited to accounting, health care, agriculture, energy, or environmental economics).
    - Managing or performing business operations functions within an organization, such as budgeting, corporate financial analysis, accounting, cost-benefit analysis, cost effectiveness, procurement, data management, data operations, IT management of data, operations research, marketing research, equity or fixed income or other security analysis, financial compliance filings, customer service functions, business planning or analysis, or facilities management.


    Benefits and Other Info

    Agency Benefits:

    OFR's benefits package includes:   
    - Challenging work, opportunities for advancement, federal and non-federal benefits and competitive salaries
    - Ten paid holidays, 13 days of sick leave, and 13 to 26 days of vacation time each year
    - Health insurance plans, paying a substantial amount (up to 75%) of the health insurance premiums, coverage for pre-existing conditions, and no waiting periods
    - Retirement program, including employer-matching contributions
    - Supplemental dental and vision coverage at no cost to the employee, long and short term disability coverage, domestic partner subsidies (where applicable), 24-hour business travel accident insurance, and enhanced life insurance coverage
    - Performance-based merit pay program designed to reward employees for excellent performance
    - Learn more about Federal benefits programs at

    Other Information:

    - We may select from this announcement or any other source to fill one or more vacancies. 
    - Relocation expenses will not be paid.
    - This is a non-bargaining unit position.
    - A recruitment incentive may be offered.
    - We offer opportunities for telework.
    - We offer opportunities for flexible work schedules.

    - A one year probationary period may be required.
    - A one year supervisory or managerial probationary period may be required.
    - Must successfully complete a background investigation.
    - Complete a Declaration for Federal Employment to determine your suitability for Federal employment, at the time requested by the agency.
    - If you are a male applicant born after December 31, 1959, certify that you have registered with the Selective Service System or are exempt from having to do so.
    - Have your salary sent to a financial institution of your choice by Direct Deposit/Electronic Funds Transfer.
    - Go through a Personal Identity Verification (PIV) process that requires two forms of identification from the Form I-9.  Federal law requires verification of the identity and employment eligibility of all new hires in the U.S.
    - Obtain and use a Government-issued charge card for business-related travel.
    - Undergo an income tax verification.
    - Public Trust – Background Investigation will be required.

    How to Apply

    How to Apply:

    DO has partnered with the Treasury's Bureau of the Fiscal Service to provide certain personnel services to its organization.  Fiscal Service's responsibilities include advertising vacancies, accepting and handling applications, and extending job offers.

    The following instructions outline our application process. You must complete this application process and submit any required documents by 11:59 p.m. Eastern Time (ET) on the closing date of this announcement. We are available to assist you during business hours (normally 8:00 a.m. - 5:00 p.m. ET, Monday - Friday).  If applying online poses a hardship, please contact us by noon ET on the announcement's closing date. 

    DO provides reasonable accommodation to applicants with disabilities on a case-by-case basis.  Please contact us if you require this for any part of the application and hiring process.
    To begin, either click the “Create a New Account” button and follow the prompts to register or if you previously registered, click the "Apply Online" button and follow the prompts.
    You will be re-directed to DO's CareerConnector system to complete your application process; answer the online questions, and submit all required documents. (To submit supporting documents, click one of the available options; Upload; Fax; or Reuse existing documents.  To protect your privacy, we suggest you first remove your SSN). Also, go to “My Account” to view and update your information, as necessary.

    To complete, you must click the “Finish” button located at the bottom of the “Application Review” page.

    To verify your application is complete, log into your USAJOBS account, select the Application Status link and then select the more information link for this position. The Details page will display the status of your application, the documentation received and processed, and any correspondence the agency has sent related to this application.

    To return to an incomplete application, log into your USAJOBS account and click Update Application in the vacancy announcement. You must re-select your resume and/or other documents from your USAJOBS account or your application will be incomplete.

    If you are experiencing system issues with your application, please contact the CareerConnector Help Desk at and/or the USAJOBS Help Desk.

    For additional information on how to apply, please visit the Partnership for Public Service’s Go Government website.

    Required Documents:

    A complete application includes 1. A resume, 2. Vacancy question responses, and 3. Submission of any required documents.  Please note that if you do not provide all required information, as specified in this announcement, you may not be considered for this position (or may not receive the special consideration for which you may be eligible). 

    All applicants are required to submit a resume either by creating one in USAJOBS or uploading one of their own choosing.  (Cover letters are optional.)  To receive full credit for relevant experience, please list the month/date/year and number of hours worked for experience listed on your resume.  We suggest that you preview the online questions, as you may need to customize your resume to ensure that it supports your responses to these questions. Please view resume tips.

    CAREER TRANSITION ASSISTANCE PLAN (CTAP) OR INTERAGENCY CAREER TRANSITION ASSISTANCE PLAN (ICTAP) DOCUMENTATION: If you are a displaced or surplus Federal employee, click CTAP/ICTAP for eligibility and a detailed list of required documents.

    EDUCATION DOCUMENTATION: You are not required to submit transcripts for this initial phase of the application process. Candidates will be referred for consideration based on their self-certification. If you are selected for a position which has a positive education requirement (as described in the vacancy announcement) and/or you are qualifying solely on your education, you will be required to submit official transcripts verifying your qualifications prior to a job offer being issued.

    A college or university degree generally must be from an accredited (or pre-accredited) college or university recognized by the U.S. Department of Education. For a list of schools which meet these criteria, please refer to Department of Education Accreditation page.

    If you are qualifying based on foreign education, you must submit proof of creditability of education as evaluated by a credentialing agency, if you are selected. Refer to the OPM instructions.


    An academic curriculum vitae does not generally include sufficient information to satisfy the requirements of this posting.  All experiences relevant to your responses for the specialized experience and questionnaire must be listed and described.  Provide detailed descriptions for each experience that can be used to support your responses, including but not limited to:

    • Dates of employment in relevant research, research assistant, teaching, or teaching assistant positions, if those were paid positions, and if those positions were required as part of an educational program or to obtain an educational degree (meaning that you could not get the degree unless you had held the position;

    • For each research project or existing paper, whether the topic concerns financial markets, financial institutions, or financial stability;

    • Evidence of training for technical skills through either coursework or research experience (for example, what analytical or quantitative techniques did individual courses or research projects involve);

    • Formal presentations of research to internal and/or external audiences.

    We recommend that you preview the specialized experience and online questions for this announcement before you start the application process and revise your resume or curriculum vitae as needed so it has sufficient detail for a reviewer to know that you have every aspect of the specialized experience.  Do not worry about the length of your resume or curriculum vitae.  There is no length limit.

    Next Steps:
    1. Login to your USAJOBS account, select the "Applications" section and click on the vacancy you would like to view and have already applied for.

    2. Under "application status," click "additional application information" and you will be taken to the CareerConnector website where you can check your application status.  The "additional application information" link may not be available if your application status says "Unavailable." This indicates that your application is not complete.

    If the "additional application information" link is not available and the vacancy is still open, you can click on the job announcement and "Update Application" to be taken back to the CareerConnector portion of the application.

    Please notify us if your contact information changes after the closing date of the announcement.  Also, note that if you provide an email address that is inaccurate or if your mailbox is full or blocked (e.g., spam-blocker), you may not receive important communication that could affect your consideration for this position.