Description

The Office of Clearance and Settlement (OCS) within Division of Examinations is seeking a Quantitative Research Analyst (Financial Engineer), SK-1501-14 in various locations. The Quantitative Research Analyst will be responsible for analyzing complex and quantitatively driven risk management areas such as margin systems, liquidity, default management, and model risk management.

Duties
In this role as a Quantitative Research Analyst, you will be responsible for:

Communicating highly technical concepts and issues, including model parameters, to non-technical audiences in an examination context;
Analyzing large volumes of quantitative and qualitative data from different sources for examining the effectiveness of backtesting and stress testing;
Serving as a risk management analyst performing a wide range of independent analysis of mathematical and risk systems and processes;
Performing examinations to determine compliance to policy and procedure of the designing and building of key quantitative systems, including margin models and clearance and settlement systems;
Developing and presenting authoritative analysis and reports resulting from examinations of the quantitative models used in risk management of clearing agencies and other related entities;
Identifying deficiencies and areas that need improvement in quantitative models, including the empirical methodology and statistical inference used in these models; and
Providing on-going support for the twice-yearly risk assessment of complicated registrants that are significant clearing agencies for both US and international markets.

Requirements

BASIC REQUIREMENT:

Degree: Mathematics, statistics, or actuarial science. The degree must be in a major field of study (at least at the baccalaureate level) that is appropriate for the position.
ORCombination of education and experience: Courses equivalent to a major field of study as shown in paragraph A above, plus additional education or appropriate experience.
MINIMUM QUALIFICATION REQUIREMENT: In addition to meeting the basic requirement, applicants must also meet the minimum qualification requirement

SK-14: Applicant must have at least one year of specialized experience equivalent to the GS/SK-13 level. Specialized experience includes the following:Applying the theories, principles, and processes of quantitative research; AND
Interpreting financial and securities industry data; AND
Developing, maintaining, and/or validating models used for forecasting, valuation, instrument strategy selection, portfolio construction or risk management using modern software languages such as Python, R, C/C++/C#, kdb+/q in UNIX/Shell environments; AND
Manipulating large data sets to develop hands-on programmatic applications of probability and statistics.