Summary This position is located at Departmental Offices,Domestic Finance - Office of Financial Research. As a/an Research Principal-Interdisciplinary, you will responsible for planning, leading, and coordinating economic and statistical modeling research projects, applying a wide range of complex statistical models empirical models, mathematical tools and/or computational models to develop sophisticated economic and statistical models and computational methods to support OFR research. Responsibilities As a Research Principal-Interdisciplinary, you will: Provide authoritative advice and analytical support to the Deputy Director and/or Associate Director, Research and Analysis Center on key mission-critical issues, initiatives and operations. Take the lead or is independently responsible for the initiation, planning, implementation, control, modification and execution of all components of statistical and economic modeling research projects and assignments. Develop sophisticated economic and statistical models and computational methods to support OFR research, identification and evaluation of risks to financially stability, and evaluation of financial policies. Lead teams of Senior Researchers, Researchers, and Analysts investigating technical requirements to monitor risks to the financial system. Collaborate with Data Center staff in selecting and designing software for the modeling and solutions of multi-period stochastic programs, with empirical distributions modeled from simulations. Requirements Conditions of Employment Key Requirements: Must be U.S. Citizen or U.S. National. A one-year probationary period may be required. Must successfully complete a background investigation. Public Trust - Background Investigation will be required. All new hires will be required to comply with federal ethics laws. A review of financial or other interests may be conducted to determine if they create any real or apparent conflict of interests with official Treasury duties. Complete a Declaration for Federal Employment to determine your suitability for Federal employment, at the time requested by the agency. Have your salary sent to a financial institution of your choice by Direct Deposit/Electronic Funds Transfer. 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. 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. File a Confidential Financial Disclosure Report within 30 days of appointment and annually from then on, if required. Undergo an income tax verification, if required. Please refer to the "Additional Information" section for additional Conditions of Employment. Qualifications You must meet the following requirements by the closing date of this announcement. Specialized experience for the Band 70 (GS 15): An applicant must have one year of specialized experience, equivalent to at least the (BAND 60) (GS-14) in the Federal service. Specialized experience for this position includes: - Producing major reports and briefing materials on financial market and financial institution topics related to financial stability; AND - Writing research papers published in academic, peer-reviewed journals related to economic or topics on financial markets, financial institutions, or financial stability; AND -Leading researcher and analyst teams on projects, coordinating organization resources and process improvements. Examples that meet the specialized experience include: -Serving as a senior subject matter expert and project lead on reports or initiatives related to financial stability, monetary policy, or other macroeconomic issues or conditions. OR -Applying quantitative analytical and research techniques to examine questions concerning financial market and financial institution issues relevant for financial stability and writing or co-authoring papers based on that research that have been published in a relevant academic, peer-reviewed journal or a government working paper series. OR - Developing reports and briefing materials of financial or statistical analysis and trends for presentation to senior leaders. Examples that do not meet the specialized experience include: -Experience related to 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 securities analysis; AND/OR -Experience as a minor contributor to an organization's reports and publications; AND/OR -Teaching experience below the college or university level and/or outside the fields of economics, finance, or mathematics. 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 resumé. Education Basic Requirements for Economist, 0110 A. Degree: Economics, that included at least 21 semester hours in economics and 3 semester hours in statistics, accounting, or calculus. OR B. Combination of education and experience: Courses equivalent to a major in economics, as shown in A above, plus appropriate experience or additional education. Basic Requirements for Mathematician, 1520: A. Degree: mathematics; or the equivalent of a major that included at least 24 semester hours in mathematics. OR B. Combination of education and experience -- courses equivalent to a major in mathematics (including at least 24 semester hours in mathematics), as shown in A above, plus appropriate experience or additional education. Basic Requirements for Statistician, 1530: A. Degree: that included 15 semester hours in statistics (or in mathematics and statistics, provided at least 6 semester hours were in statistics), and 9 additional semester hours in one or more of the following: physical or biological sciences, medicine, education, or engineering; or in the social sciences including demography, history, economics, social welfare, geography, international relations, social or cultural anthropology, health sociology, political science, public administration, psychology, etc. Credit toward meeting statistical course requirements should be given for courses in which 50 percent of the course content appears to be statistical methods, e.g., courses that included studies in research methods in psychology or economics such as tests and measurements or business cycles, or courses in methods of processing mass statistical data such as tabulating methods or electronic data processing. OR B. Combination of education and experience -- courses as shown in A above, plus appropriate experience or additional education. The experience should have included a full range of professional statistical work such as (a) sampling, (b) collecting, computing, and analyzing statistical data, and (c) applying statistical techniques such as measurement of central tendency, dispersion, skewness, sampling error, simple and multiple correlation, analysis of variance, and tests of significance. The education generally must be from an accredited (or pre-accredited) college or university recognized by the U.S. Department of Education. If you are qualifying based on foreign education, you must submit proof of creditability of education as evaluated by a credentialing agency. Refer to the OPM instructions. Additional Information 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. The Office of Financial Research (OFR or Office) is a newer organization established by the Dodd-Frank Wall Street Reform and Consumer Protection Act in the Treasury Department to provide data and analysis to the Financial Stability Oversight Council (the Council) and its member agencies, improve the quality and transparency of financial information, conduct and sponsor research related to financial stability, and promote best practices in risk management. OTHER INFORMATION: We may select from this announcement or any other source to fill one or more vacancies. This is a non-bargaining unit position. A recruitment incentive may be offered. Relocation expenses will not be paid. Student loan repayment may be offered. We offer opportunities for telework. We offer opportunities for flexible work schedules. This position requires that the successful candidate undergo personnel vetting, which includes a background investigation and enrollment upon onboarding into "Continuous Vetting." Enrollment in Continuous Vetting will result in automated record checks being conducted throughout one's employment with Treasury. The successful candidate will also be enrolled into FBI's Rap Back service, which will allow Treasury to receive notification from the FBI of criminal matters (e.g., arrests, charges, convictions) involving enrolled individuals in near real-time. For more information about individual rights, Noncriminal Justice Applicant's Privacy Rights - FBI, FD-258 Privacy Act Statement - FBI, and SEAD-3-Reporting-U.pdf (dni.gov). OFR's benefits package includes: - Challenging work, opportunities for advancement, federal and non-federal benefits and competitive salaries- Eleven 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 period.-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- For more information on OFR's benefits, visit: https://www.financialresearch.gov/compensation-and-benefits/- Learn more about Federal benefits programs at: https://help.usajobs.gov/index.php/Pay\_and\_Benefi