Research Economist

Job Description & Qualification

U.S. Commodity Futures Trading Commission—Office of the Chief Economist

The Office of the Chief Economist (OCE) of the U.S. Commodity Futures Trading Commission (CFTC) is seeking to hire Research Economists for its Washington, D.C. office.

WHO WE ARE: The CFTC is responsible for regulating the vast majority of derivatives activity in the United States. The mission of OCE is to conduct rigorous economic and econometric analysis of derivatives markets; to foster market transparency by disseminating its research to market participants and the general public; and to partner with other CFTC divisions and offices to integrate economic reasoning and data analysis into Commission policy and cost-benefit considerations.

For more information about OCE and for examples of OCE research, please visit https://www.cftc.gov/About/EconomicAnalysis/index.htm

THE OPPORTUNITY: As a research economist at OCE, you will produce high-quality research on derivatives markets and apply your subject-matter expertise and analytical skills to topics of Commission interest. The best work at OCE typically attracts significant attention, not only within the CFTC, but also with other regulators, market participants, the academic community and the public at large.

As a Research Economist your duties will include the following:

Providing rigorous economic analyses related to derivatives (futures and swaps) markets. Evaluating market structure and trading practices in the futures, options and swaps markets for their impacts on price discovery, liquidity, and risk.

Among the prospective topics of study are:

• systemic risk issues related to derivatives, including theoretical and empirical analyses of margin, clearing, liquidity, optimal levels of transparency, and market design;
• econometric analysis of derivatives data (exchange-traded and over-the-counter);
• theoretical and econometric analysis of high frequency data, including order book and message data;
• models of trading activity, intermediation, and market microstructure, including network analyses of derivatives markets;
• economic and empirical analysis of regulations on markets.

QUALIFICATIONS: OCE staffers typically have Masters or Ph.D. degrees in relevant fields and the ability to use statistical software, such as SAS, SQL, Python, or R to analyze large data sets, i.e., those with more than 1 million rows of data. Familiarity with derivatives products, markets, and regulation, along with a broad understanding of the role of derivatives in the financial system, is highly desirable.

Please note that only U.S. Citizens are eligible for these government positions.

Application Procedure

Applicants may apply only at USAJobs.gov. See link here -
https://www.usajobs.gov/job/690944100

For Additional Questions

rmorgan@cftc.gov

Job ID

ID: J12309