JOE Listings (Job Openings for Economists)

August 1, 2020 - January 31, 2021

Federal Housing Finance Agency

Division of Research and Statistics
Office of Economic Research
Economist/Senior Economist

JOE ID Number: 2020-02_111465315
Date Posted: 09/15/2020
Position Title/Short Description
Title: Economist/Senior Economist
Section: Full-Time Nonacademic
Location: District of Columbia, UNITED STATES
JEL Classifications:
C -- Mathematical and Quantitative Methods
D -- Microeconomics
G -- Financial Economics
H -- Public Economics
L -- Industrial Organization
R -- Urban, Rural, Regional, Real Estate, and Transportation Economics
applied econometrics, applied microeconomics, banking, capital, credit risk, economics, housing, forecasting, finance, financial modeling, mortgage markets, public policy, real estate, risk management, stress testing, urban economics
Salary Range: $96,835 - $164,620
Full Text of JOE Listing:

The Federal Housing Finance Agency (FHFA) is an independent federal agency established by the Housing and Economic Recovery Act of 2008 (HERA) to build a better secondary mortgage market.

FHFA is currently responsible for the oversight of the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac), and the Federal Home Loan Bank System, which includes the 11 Banks. FHFA’s mission is to ensure the safety and soundness of those regulated entities to serve as a reliable source of liquidity and funding for housing finance and community investments.

FHFA is seeking to bolster its capacity as a world-class regulator by hiring Ph.D. economists to work in its Office of Economic Research within the Division of Research and Statistics. We are posting several job openings simultaneously and encourage candidates to apply to the position with the best fit. We will consider candidates for the other opportunities. For this position, a general background is sought with interests in banking, housing, finance, industrial organization, labor, mortgage markets, real estate, or risk management.

Ideal candidates are highly motived and can demonstrate experience with statistical or computational programs and database software. The person should be comfortable with cleaning, transforming, and analyzing large datasets. Experience in a query language (SQL), scripting (Python), and statistical software (SAS, Stata, or R) is preferred. Familiarity with data visualization tools (Tableau) and a Unix environment is helpful but not necessary.

Economists are expected to conduct applied research, participate in policy work, contribute to projects related to market monitoring for safety and soundness, present work for feedback at internal, academic, and industry conferences, and conduct original research for publication in academic and professional journals. The position would be appropriate for individuals who enjoy a combination of team-oriented work and independent research. Successful economists will utilize their specialized backgrounds to investigate housing programs, risk-based capital, house price indexes, financial institutions and markets, banking or macro stability, secondary mortgage market operations, or identify significant and emerging risks such as market, interest rate, operational and credit risks.

Candidates must have a Ph.D. in economics, finance, or a related field, with strong quantitative and data skills. Coursework should include at least 21 semester/31 quarter hours in economics and 3 semester/4 quarter hours in statistics, accounting, or calculus. Candidates must demonstrate effective written and oral communication skills. Salary is dependent on education and experience. The preferred start date is May 2021.

FHFA 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. The agency offers job features like dedicated research and travel funds, technology to support remote work, flexible work schedules, paid parental leave, and a high degree of job security.

Submitted materials must include affirmation of U.S. citizenship. FHFA is an Equal Opportunity Employer. Minorities and women are encouraged to apply.

For more information about the FHFA, visit our website at

Application Requirements:
  • External Application URL and Instructions Below
Application deadline: 01/31/2021
Application Instructions:
A completed application must have all materials listed in both steps below.

1. Email three letters of recommendation and a research paper to

2. Complete the online application, found at the link below, which will require you to submit a cover letter, CV/resume, and an unofficial transcript.

Online Application:

Application Deadline:
To be considered for an interview, please submit all materials and finish the online application by Monday, November 2, 2020. The application period may be extended until November 30, 2020.

For questions about the application process, contact Arlene Thurston by email at or phone at 202-860-6514.