Office of the Comptroller of the Currency

Position Title/Short Description

Full Text of JOE Listing:

The OCC charters, regulates, and supervises all national banks, federal branches, and agencies of foreign banks and federal savings associations. The OCC’s Economics Department has openings for financial economists in the Credit Risk Analysis Division (Credit RAD). We are looking for candidates with strong statistical and econometric background, especially those with research interest in the area of applied microeconomics, household finance, banking and financial institutions or corporate finance, and have (or are interested in developing) modeling expertise in credit risk that includes one or more of the following areas: credit scoring for retail credit underwriting or account management, corporate ratings, portfolio credit risk, economics and regulatory capital models, loss forecasting models, and asset securitization, as well as expertise in quantitative statistical and mathematical modeling. To learn more about Credit RAD staff, go to: http://www.occ.gov/topics/economics/economics-staff/credit-risk-analysis-division.html.

Job Qualifications: At the senior level, the successful candidate will have a demonstrated expertise in credit 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 in developing credit risk modeling expertise and strong statistical and econometric background 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 2015, or an equivalent combination of education and industry experience. The successful candidate will be expected to maintain an active research agenda and to stay current on modeling skills and expertise, and to participate in bank exams reviewing banks’ quantitative risk models providing advice to national bank examiners, policy makers and to bankers on model appropriateness and accuracy, and on model risk management principles and practices. The job requires some overnight travel.

Position Requirement: Candidates must be US citizens or permanent residents.

Note: We will be interviewing at the ASSA meetings in Boston. If you are interested in arranging an interview at the ASSA meetings, please indicate it in your cover letter.