Office of the Comptroller of the Currency (OCC)

Position Title/Short Description

Full Text of JOE Listing:

The OCC’s Market Risk Analysis Division (RAD), located in Washington D.C., has openings for financial economists and senior financial economists. The OCC charters, regulates, and supervises all national banks, federal branches, and agencies of foreign banks and federal savings associations. Financial Economists in Market RAD use their knowledge of modeling and analysis to evaluate the adequacy and robustness of models used by large national banks for their capital market activities and to provide advice to national bank examiners, OCC senior management and bankers on the appropriateness of model development and use, as well as model risk management processes. Quantitative models used in capital market activities include valuation and risk measurement models used for derivatives trading, asset liability management, market and counterparty risk management, mortgage banking, stress testing and regulatory capital assessment (Basel II.5 and Basel III). 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 for publication, policy consultation, and examiner training on various quantitative modeling issues.

Desired Candidates (have one or more of the following examples of experience):

- Candidates who will demonstrate interest in and have knowledge of finance/financial economic theories, quantitative methods and econometric techniques such as those developed, applied and published in academic journals, in valuation or risk analysis of financial instruments, financial markets, or financial institutions, and skill and experience in conducting research in these areas.

- Candidates who hold a Ph.D. or have a firm expectation of completing their Ph.D. in Economics, Finance, Statistics, or related quantitative field, or they have an equivalent combination of education and industry experience.

- Candidates with demonstrated expertise in financial economics or have a substantial publication record or significant financial industry experience in related areas.

Position Requirement: Candidates must be U.S. citizens or permanent residents with the intent to become U.S. citizens.