JOE - November 2012

Office of the Comptroller of the Currency
Risk Analysis Divisions
Financial Economists
Position Title/Short Description
Title: Financial Economists
Section: 5 -- Full-Time Nonacademic
Location: Washington, DC, USA
JEL Classifications:
C2 -- Single Equation Models; Single Variables
C5 -- Econometric Modeling
G1 -- General Financial Markets
G2 -- Financial Institutions and Services
Keywords: Financial Economist, Risk Analysis, Credit Risk, Market Risk, Enterprise Risk
Deadline Date: 01/15/2013

JOE ID Number: 201211_397380

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Full Text of JOE Listing:
The Credit Risk Analysis Division, Enterprise Risk Division, and Market Risk Analysis Division have openings for financial economists. Credit RAD specializes in credit scoring, credit risk measurement and regulatory capital (Basel II IRB) models relevant to the business of banking. Enterprise Risk specializes in portfolio measurement, stress testing, and operational risk. Market RAD specializes in the risk measurement and asset pricing models that banks use for OTC derivative dealing, asset-liability management, mortgage banking, and asset securitization. As a result of our quantitative expertise, we perform several functions within the OCC. Our most important role is reviewing banks' quantitative models and providing advice to national bank examiners and to bankers on model appropriateness and accuracy, as well as model control processes.

Our model reviews usually require us to work onsite at banks, so the job requires about 25 percent travel time. The remainder of staff time includes scholarly research, policy consultation, and examiner training on various modeling issues.

We would like to add staff with expertise in credit risk modeling, market risk modeling, or interest rate risk modeling that includes one or more of the following related areas: credit scoring, portfolio credit risk, regulatory capital models, enterprise-wide stress testing, credit derivatives, option and derivatives pricing, asset-liability management, short and long term interest rate risk measurement, mortgage banking, and asset securitization; as well as expertise in quantitative statistical and mathematical modeling. At the senior level, the successful candidate will have a demonstrated expertise in credit, market, or interest rate risk modeling as evidenced by a substantial publication record and/or significant financial industry experience in related areas. At the junior level, candidates will have a demonstrated interest and capability in credit, market, or interest rate risk modeling as evidenced by completed scholarly research work in related areas and a firm expectation of defending their Ph.D. in Economics, Finance, Statistics, or related field by summer 2013, or an equivalent combination of education and industry experience. The successful candidate will be expected to maintain an active research agenda.

Candidates must be US citizens or permanent residents. OCC employees enjoy all the standard federal benefits plus additional agency-specific benefits and competitive salaries not tied to the traditional Government's General Schedule pay system.
Application Instructions:

We will be interviewing at the ASSA meetings in San Diego. If you are interested in arranging an interview, please submit your vita and cover letter to Mailing Address: The Office of the Comptroller of the Currency, Attn: Dennis Glennon, MS 3-1, 250 E Street, SW, Washington, DC 20219.

Email for Applications:
FAX for Applications: 202-874-5394

For more information, email:
For more information, phone: 202-874-4725

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