Financial Economist (Research)
The OCC is among the best places to work in the federal government. Our mission is to ensure that national banks and federal savings associations operate in a safe and sound manner, provide fair access to financial services, treat customers fairly, and comply with applicable laws and regulations. Our culture is flexible, accountable, strategy-based, and data-driven. We promote creative and thoughtful contributions by all employees in an environment that values and encourages diversity. If you are an inquisitive, investigative individual with high standards of your own, consider the OCC.
As a Financial Economist, you will:
- Analyze and evaluate bank specific quantitative reports and relevant work products (e.g., model development documents, validation reports, and on-going monitoring reports) to evaluate the effectiveness of a bank's model risk management practices.
- Apply advanced financial, economic, and quantitative theories, principles, methods and techniques to perform complex assignments such as the assessment of various econometric or statistical modeling approaches.
- Conduct complex on-site and off-site bank/thrift savings association-specific analyses that relate to market, commercial credit or retail credit:
- Market Risk: Apply quantitative finance principles and economic theories to analyze risks of supervised banks' activities in capital markets areas, including derivatives trading, balance sheet management, mortgage banking and asset management.
- Commercial Credit Risk: Apply economic theories and principles to areas that covers various model types (such as risk rating, PD, LGD, EAD, structured finance, portfolio credit risk, macroeconomic forecasting models for CECL, PPNR, securitization, economic capital, and asset management) for various safety and soundness purposes (such as underwriting, pricing, risk management, ALLL/CECL, stress testing, P&L, economic capital and regulatory capital) within the areas of commercial credit (such as C&I, CRE, Financial Institutions, agriculture) and operational risk.
To learn more about this opportunity, including how to apply, please click apply in this posting to be taken to USAJobs.