Skip to main content

Vacancy Details


Announcement Number:
Hiring Agency:
Consumer Financial Protection Bureau
Position Title:
Senior Economist
Open Period:
04/11/2012 - 04/18/2012
CN - 0110 71
$121023.00 - $224983.00
Promotion Potential:
Duty Location(s):
  • FEW in Washington, DC, US
For More Info:
Applicant Call Center


Who May Apply:
Applications will be accepted from U.S. citizens.
Duration Appointment:
Excepted Service - Permanent Appointment
Marketing Statement:

The Senior Economist Position is located within the Consumer Financial Protection Bureau's Office of Research in the Division of Research, Markets and Regulations. This office is responsible for formulating and carrying out economic research for the Consumer Financial Protection Bureau. The Office of Research also provides information, analytical support, and technical advice to inform the Bureau's rule-making, enforcement, and supervision functions.


The Senior Economist applies significant breadth and depth of understanding to conduct in-depth economic studies. The Senior Economist will be initiating, developing, and conducting research pertaining to consumer product markets or consumer financial markets, and interpreting economic information to participate in the policy process, using statistical, mathematical, and econometric techniques and judgment.

  • This position is being filled under CFPB's excepted service authority.

  • Appointment under this authority does not convey competitive status.
  • Supervisory Position:
    [ERROR rendering field]
    Key Requirements:

    Background investigation U.S. citizenship May be required to serve a two year trial period.


    The major duties of the Senior Economist position include: 

    • Analyzes and interprets economic and related information to inform and participate in the policy process – locates and addresses new and unique issues in consumer financial services markets, provides studies of various markets and industries, assists with implementation of policies, and evaluates existing policies.

    • Provides economic advice and analysis in investigations, examinations, and cases brought by enforcement staff and supervision staff.

    • Analyzes potential economic effects of regulation on competition and consumers.

    • Responsible for developing, advancing, and overseeing research on advanced topics that help the CFPB fulfill its mission. Initiates, develops, and carries out research of consumer financial product markets to deepen understanding of how they function and how households and firms behave.

    • Develops techniques to maintain and develop databases and related information structures for research and policy-making, and participates in establishing methods and systems for data collection or analysis of economic information relevant to formulation of policy.

    Qualifications and Evaluations


    You must meet the basic education requirements for this position plus the specialized experience required for this position.

    Basic Requirements: Degree: Economics, that included at least 21 semester hours in economics and 3 semester hours in statistics, accounting, or calculus. OR Combination of education and experience -- courses equivalent to a major in economics, as shown above, plus appropriate experience or additional education. 1. Examples of qualifying experience include: (a) individual economic research assignments requiring planning, information assembly, analysis and evaluation, conclusions and report preparation; (b) supervisory or project coordination assignments involving a staff of professional economists, and requiring the evaluation and interpretation of economic information; or (c) teaching assignments in a college or university that included both class instruction in economics subjects and one of the following (1)personal research that produced evidence of results, (2) direction of graduate theses in economics, or (3) service as a consultant or advisor on technical economics problems. 2. Experience in related fields that did not involve the use and understanding of economic principles and theories may not be used as qualifying experience for these positions. Special attention on this point should be given to certain types of work that may or may not have provided professional economic experience. The following examples of work require special care in such determinations: (a) economic statistics; (b) industrial surveys; (c) management of individual business enterprises, including farms; (d) industrial planning; (e) writing or editorial work in economic subjects; and (f) financial market analysis. The education must be from an accredited (or pre-accredited) college or university recognized by the U.S. Department of Education


    In addition to the above basic education requirements, you must meet the following:

    Specialized Experience:  You must have at least one year of specialized experience performing Economist functions equivalent to the CN-60 level (For qualification purposes, the CN-60 is broadly equivalent to the GS-14) that equipped you with the particular knowledge, skills, and abilities to successfully perform the duties of this position. 

    Specialized experience is defined as: Economist experience using expert knowledge formulating, planning, and guiding economic study assignments covering consumer decision making or behavior, consumer product markets, or consumer financial markets involving significant breadth of responsibility forming a pattern within, and exercising control over, major special studies or continuing projects in two or more continuing program areas of great significance; or expert level economist experience with assignments covering consumer decision making or behavior, consumer product markets, or consumer financial markets of significant depth rather than breadth with responsibility for formulating and guiding major research attacks on problems of great difficulty and critical importance in a continuing area of economic activity. Experience requires expert knowledge of quantitative and qualitative methods and techniques and the development and use of econometric models.  This position requires expert professional economist knowledge through experience conducting studies on consumer decision making or behavior, consumer product markets, or one or more of the following consumer financial markets: consumer mortgage and home-equity financial markets, consumer credit and pre-paid card markets, the consumer payday loan industry, student loan markets, credit information markets, or consumer banking markets.

    The experience may have been gained in either the public or private sector. One year of experience refers to full-time work; part-time work is considered on a prorated basis.


    Your application includes your:

     1. Resume,

    2. Responses to the online questions,

    3. Required supporting documents;

    4. Cover letter (optional). Note: If a cover letter is submitted, it may be used to assess your qualifications.

    We use a multi-step process to evaluate and refer applicants:

    1. Minimum Requirements: Your application must show that you meet all requirements, including the education and/or experience required for this position. You may be found "not qualified" if you do not possess the minimum competencies required for the position. If your application is incomplete, we may rate you as ineligible.

    2. Rating: Your application will be evaluated by a Panel of Subject Matter Experts (SME) based on the following competencies:

    • Knowledge of economic, statistical, and/or econometric analytic techniques that are appropriate for conducting research and policy analysis on household finance and behavior, consumer financial firms or markets, or other areas relevant to the mission of the bureau.

    • Ability to initiate, develop and carry out original and innovative economic research or projects.

    • Ability to communicate effectively and persuasively with a broad range of influential internal and external contacts.

    If selected for an interview, you will be required to provide and discuss a research paper that you have authored.  Category rating procedures will be used to rank and refer eligibles. Based on the review of your application by a panel of Subject Matter Experts, you will be assigned a score. Your score will determine in which of the three categories you will be placed: Categories A, B, or C. Under this process, veterans will be assigned to the appropriate category (without additional preference points) and then placed at the top of their category. Review your resume and responses carefully. A human resources representative will validate the qualifications of those candidates eligible to be referred to the selecting official. Your resume will be among the factors used in setting your pay, should you be made an offer of employment. Please ensure that it fully describes your experience as it relates to the position for which you are applying.

    3. Referral: If you are among the top qualified candidates, your application will be referred to a selecting official for consideration and possible interview. If you are a displaced or surplus Federal employee (eligible for the Interagency Career Transition Assistance Plan (ICTAP)), you must be rated in Category B, or higher, in order to be considered as well-qualified to receive special selection priority.



    You must meet eligibility and qualification requirements within 30 days of the closing date. You must answer all job-related questions in the job questionnaire.

    Benefits and Other Info


    Our comprehensive benefits are among the most generous in the federal government. They include:

  • Challenging and rewarding work benefiting American consumers

  • Opportunities for development and advancement

  • Extremely competitive salaries

  • Access to comprehensive Federal health, vision, dental, life, and long-term care insurance programs

  • Additional access to CFPB-specific vision, dental, short- and long-term disability, and insurance programs while you work at CFPB

  • Ten paid holidays, 13 days of sick leave, and 13-26 days of vacation time each year

  • Public Transit Incentive Program (PTIP)

  • Employee Assistance Program (EAP)

  • Emergency Child Care Access (Contracted Service)

  • Alternative Work Schedule and Telework access

  • The CFPB offers its own FSA Program.  As a result CFPB employees are not eligible to participate in FSAFEDS. If you are currently participating in FSAFEDS and you accept a position with CFPB, in order to continue participation in a FSA for the year you must enroll in the CFPB FSA program.  You are eligible to incur expenses against your FSAFEDS account(s), up to your separation date from your current agency.  In addition you will have until April 30th of the year following your separation from your current agency to get the expenses that were incurred, reimbursed through FSAFEDS. Any balance that remains in your FSAFEDS account after all eligible expenses have been incurred and reimbursed will be forfeited.  Due to IRS regulations, you are not able to transfer your FSAFEDS contributions into a CFPB FSA Account.  If you have questions please contact FSAFEDS at 1-877-FSAFEDS.   
  • Other Information:
  • We may select from this announcement or any other source to fill one or more vacancies.

  • This announcement may be used to fill like positions in other organizations within the Consumer Financial Protection Bureau.

  • Relocation expenses will be paid, contingent upon availability of funds.
  • How to Apply

    How to Apply:

    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. - 4:00 p.m., Monday - Friday). If applying online poses a hardship, please contact us as soon as possible. The Consumer Financial Protection Bureau 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.

    Step 1 - Create or Upload a Resume with USAJOBS ( We suggest you go to the end of the "Qualifications & Evaluations" section of the job announcement to preview the online questions. You may need to customize your resume to ensure that it supports your responses to these questions. Resume Tips Step 2 - Apply Online Click the "Apply Online" link on this page. You will then be directed to USAJOBS where you must select a resume. After selecting a resume, click on the "Apply for this position now!" link, and follow the prompts to register (if you have not already done so). You will then be required to answer a few questions, and submit all required documents. To return to your saved application, log into your USAJOBS account and click on "Application Status." Click on the position title, and then select "Apply Online" to continue.

    Step 3 - Answer the Online Questions and Submit Your Online Application If this is your first time on CFPB's CareerConnector website, you will be prompted to register by answering questions related to your eligibility for federal employment. The system will save these responses and take you back to the main screen so that you can answer the job-specific questions. Select "Take me to the assessment" and click on the "Continue" button to answer the job-specific questions. You must answer all the questions and click the "Finished" button.

    Step 4 - Review and Confirm Your Submission You will now have the option to upload a document or print fax cover-sheets for your required documents. (See Step 5 for details.) Once you click "Done," you will see a summary of your application for your review. You may also print a copy for your records. When you click "Finished" at the bottom of the page, you will then be directed back to USAJOBS where you can confirm that your application has been submitted. You may also track your application status from your USAJOBS account.

    Step 5 - Submit Required Documents You can submit any required or optional documents (described below) by document upload or fax. Whichever method you choose, please include the job announcement number with your documents. To protect your privacy, we encourage you to remove your social security number from anything you submit. Document Upload: You may upload supporting documents in one of two ways: 1. Once you finish answering the questions in the job announcement, you will be prompted to upload your document(s) to your application. You will be given the choice to either upload the document as part of the application process or you can select a document that you have already loaded on USAJOBS. OR 2. You may upload a document to an existing application by logging in to your USAJOBS account. Click on "My Applications" and search for the vacancy. Once you have located the vacancy, click on it and select "Apply Online." Move through your existing application until you reach the "Documents" page and select "Upload" to add a document to your application. Be sure to review your complete application to confirm that the document(s) uploaded properly. In the "Application Review" section, you should see your uploaded documents listed on the "Vacancy Documents" screen. Once you see them, click "Finished;" you will then be returned to USAJOBS. Fax: Create a fax cover-sheet in CareerConnector by following the "Faxing Supporting Documentation" instructions. The fax number is on the cover-sheet.

    Required Documents:

    Please note that if you do not provide all required information, as specified in this announcement, you may lose consideration for this position (or lose the special consideration for which you may be eligible).


    If you are claiming veterans' preference, you must submit a copy of your Certificate of Release or Discharge From Active Duty, DD-214 (Member 4 copy), or other official documentation from a branch of the Armed Forces or the Department of Veterans Affairs showing dates of service and type of discharge. Compensably disabled preference eligibles must also submit an Application for 10-point Veteran Preference, SF-15, along with the required documentation listed on the back of the SF-15 form. An SF-15 may be found at the OPM Forms Page. For more information on veteran's preference, click here.


    This position has a basic education requirement, you MUST submit a copy of your transcripts or a list of courses showing title, number of credits, grade, and date of completion. To be used in meeting qualification requirements, 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 the Database of Accreditation of Post-Secondary Institutions and Programs. If we are unable to determine that you meet the required education, you will be found ineligible for further consideration. If you are qualifying based on foreign education, you must submit proof of creditability of education as evaluated by a credentialing agency; more information may be found at Acceptability of Higher Education for Meeting Minimum Qualification Requirements. We recommend you get this process started as soon as possible to avoid delays in appointment if selected. An official transcript may be required if you are tentatively selected.

    What to Expect Next:
    You may check the status of your application for this position at any time by logging into your account at We also recommend you opt to receive status change emails through USAJOBs. 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.