Supervisory Risk Analyst (Associate Director)

Summary

This position is located in the Examinations Branch of the Division of Clearing and Risk (DCR). The Examinations Branch plans and conducts examinations of derivatives clearing organizations (DCOs) to evaluate compliance with the Commodity Exchange Act (Act) and Commission regulations and monitors financial, operational, and risk activities of DCOs to assess the actual and potential implications of those activities for the DCO and for financial markets generally.

Duties

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If selected for this position, you will serve as an Associate Director responsible for managing and supervising a team of professional and technical experts responsible for assessing DCOs for compliance with the Act and CFTC regulations. This will include the following:

• Provide expert advice and technical guidance to the Deputy Director for Examinations in the formulation of an annual plan of examinations. Ensure the planned examinations are carried out in an efficient and effective manner.
• Prepare risk assessments that identify potential areas of risk at a DCO and assign rankings to each risk. This includes assessing business risks related to DCO's risk management policies and procedures and the identification of potential gaps in the risk controls at a given DCO.
• Establish the scope and priorities for DCO examinations, including those focusing on financial resources, operational capabilities, and risk management activities, specializing in system operations and safeguards, with minimal guidance from the Deputy Director. Conduct meetings with other regulators regarding common registrants, including staff of the Board of Governors of the Federal Reserve System and the Securities and Exchange Commission and manage these inter-agency relationships.
• Provide leadership and guidance to team members through identifying, distributing, and balancing workload and tasks among employees in accordance with established workflow, skill level, and/or occupational specialization; adjusting workload and tasks among employees.
• Supervise professional staff assigned to non-routine reviews arising from notifications filed by DCOs highlighting unexpected events or errors, as well as reviews involving complex or unusual issues arising from ongoing or ad hoc financial and operational analyses of such entities.
• Review and assess the sufficiency and accuracy of the reports prepared by staff that detail the analysis done in response to DCO notifications.
• Assist the Deputy Director in developing new examination standards and guidance for evaluating the compliance of DCOs with regulatory requirements. Review the effectiveness of these standards and guidance and update as necessary.
• Serve as an expert regarding the Examinations Branch's internally developed software. Assist other staff in understanding the output of the software and respond to general or specific questions posed by senior DCR staff, other CFTC staff, and Commissioners and their staff related to the software.
• Represent the branch at program meetings, briefing reviews, technical assessments, training sessions and related activities for DCR senior staff and staff of other Commission offices/divisions regarding the examination program functions and activities. Answer questions from DCR and other Commission staff and the public concerning the examination program.
• Build coalitions internally and with other Federal agencies, State and local governments, nonprofit and private sector organizations, foreign governments, or international organizations to achieve common goals.
• Perform special projects, as assigned, and in support of DCR's responsibilities in general.

Requirements

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Conditions of employment

• U.S. Citizenship
• Background/Security Investigation
• Males born after 12-31-59 must be registered for Selective Service
• May be required to serve a 1-year supervisory probationary period

Must submit all required documents by the closing date.

You will be evaluated on the basis of your level of competency (knowledge, skills, abilities) in the following areas:

• Accountability
• Customer Service
• Decisiveness
• Flexibility
• Interpersonal Skills
• Problem Solving
• Resilience

Skill in developing, planning, and coordinating examinations of DCOs for compliance with regulations;

Ability to communicate in a clear, concise and effective manner in order to prepare reports that document analysis, findings, and conclusions;

Ability to lead people toward meeting the organization's vision, mission, and goals. Ability to provide an inclusive workplace that fosters the development of others and facilitates cooperation and teamwork;

Skill in building coalitions internally and with other Federal agencies, State and local governments, nonprofit and private sector organizations, foreign governments, or international organizations to achieve common goals.

Qualifications

CT-15: To qualify for the CT-15 level you must have one year of specialized experience equivalent to the next lower grade (GS/CT-14 level).

Specialized experience is defined as:

• Review and assess programs concerning risk management and risk operations and must have direct management.
• Experience in successfully leading or being part of an examination team in the evaluation of regulatory compliance of derivatives clearing organizations.
• Comprehensive knowledge about, and experience involving, derivatives clearing organizations and the derivatives clearing process.
• Prepare affidavits for use in Commission hearing and reviews and assists in the preparation of memorandum and pleading relative to Commission actions.
• Supervises professional staff assigned to an examination team, ensure staff completes all assignments using established policies and procedures.

Education

Additional information

Probationary Period. If selected, you may be required to serve a one year supervisory/managerial probationary period.

Relocation: Relocation expenses will not be paid.

All newly appointed employees to the competitive (or excepted) service are subject to a probationary (or trial) period, in determining if your employment advances, we may consider:

• Your performance and conduct;
• The needs and interests of the agency;
• Whether your continued employment would advance organizational goals of the agency or the Government; and
• Whether your continued employment would advance the efficiency of the Federal service. Upon completion of your probationary/trial period your employment will be terminated unless you receive certification, in writing, that your continued employment advances the public interest.

This position is not in the bargaining unit.

More than the number of positions listed may be filled through this vacancy announcement.

The overall salary range is provided for informational purposes as it represents the full range that is applicable to current employees in this occupation/grade. A new hire's direct and overall experience are critical factors in determining a salary offer, therefore, it is important that your resume fully reflects all of your work experience. Note that the upper end of each range is typically applicable only to candidates with significant years of work experience and qualifications Please review the CFTC Compensation Program website for additional information.

Candidates should be committed to improving the efficiency of the Federal government, passionate about the ideals of our American republic, and committed to upholding the rule of law and the United States Constitution.

Benefits

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A career with the U.S. government provides employees with a comprehensive benefits package. As a federal employee, you and your family will have access to a range of benefits that are designed to make your federal career very rewarding. Opens in a new windowLearn more about federal benefits.

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Eligibility for benefits depends on the type of position you hold and whether your position is full-time, part-time or intermittent. Contact the hiring agency for more information on the specific benefits offered.