U.S. Commodity Futures Trading Commission
The U.S. Commodity Futures Trading Commission seeks to hire one or more Financial Economists for the Office of the Chief Economist in Washington, DC.
Financial Economist Positions
WHO WE ARE: The Commodity Futures Trading Commission (CFTC) is an independent U.S. Federal government agency that regulates futures, options and swaps markets. The CFTC's mission is to protect market users and the public from fraud, manipulation, abusive practices and systemic risk related to derivatives, and to foster open, competitive and financially sound markets. Please visit the website for additional information: http://www.cftc.gov
The Office of the Chief Economist (OCE) provides economic analysis and advice to the CFTC Chairman and the Commission, conducts quantitative research on critical policy issues in derivatives markets, and provides training for Commission staff. Financial Economists conduct top quality research in topics such as algorithmic and high frequency trading, risk transmission in swaps markets, and price discovery and risk flows in and commodities markets.
WHAT OCE OFFERS:
- Ability to work with unique market data. OCE economists conduct quantitative analysis using highly disaggregated data. The data currently includes end-of-day position changes for reportable traders, as well as order book and executed transactions for contracts regulated by the Commission, including the identities of traders. Similar data on positions and transactions for the majority of swaps will become available in 2013.
- Opportunities to conduct original research. OCE economists conduct quantitative research on critical policy issues in derivatives markets consistent with the Commission's mission. The quality of the research is critical as it feeds into the policy and regulatory mission of the Commission. Publication in peer-reviewed journals is highly encouraged.
- Opportunities to impact policy. OCE economists provide guidance to the Commission on a variety of current and future policy measures. Examples include pre-trade and post-trade market safeguards, capital and margin requirements, position limits and reporting requirements.
- Opportunities to work on rulemaking. OCE economists are present on all Dodd-Frank rulemaking teams and are able to directly shape the new regulatory landscape of the U.S. financial marketplace.
DESIRED QUALIFICATIONS: We seek candidates who have obtained or are currently pursuing an advanced degree in finance, economics, mathematics, statistics or operations research. Experience working with large financial data sets is a plus. Candidates must have the ability to apply academic research to real-world issues and present concise explanations of complex analyses. Areas of expertise include, but are not limited to:
1) theoretical and econometric analyses of high-frequency data,
2) econometric analysis of volatility,
3) models of trading behavior,
4) expertise on futures, options and swaps, and
5) application of cost-benefit analysis in rulemaking.
The ideal candidate will possess a strong empirical background and excellent interpersonal skills. To be eligible, the candidate must be a U.S. citizen and pass a background check. All positions are one-year appointments renewable for up to four years with full federal government benefits. In addition to permanent appointments, we are interested in tenured and tenure-track faculty who wish to be considered for a visiting position for a year or more.
The CFTC is an Equal Opportunity Employer.
APPLICATION PROCEDURE: Please email your job market packet to: OCEjobs2013@cftc.gov by December 14, 2012. Please include your name and "OCE-AFA Application Packet 2013" in the subject line. Your job market packet must include a brief cover letter, a vita, and your job market paper, as well as a link to your job market web site. We will be conducting preliminary interviews of the applicant pool at the 2013 AFA Annual Meeting in San Diego.