Financial Economist - Fellow

Job Description & Qualification

The U.S. Securities and Exchange Commission in Washington, DC is seeking Financial Economic Fellows for the Division of Economic and Risk Analysis (DERA). Candidates should have an interest and research experience in: financial markets and transactions (operational risk, market microstructure, fixed income, derivatives, and clearance and settlement), financial intermediation and asset management (credit ratings, registered investment companies, private funds, behavioral finance, structured finance, and investment advice), or corporate finance and accounting (valuation, financial accounting, and disclosure).

JOB DESCRIPTION: Financial Economic Fellows at the Commission provide economic guidance and research expertise to a broad range of activities, including rulemakings, enforcement actions, market risk assessments, and other regulatory initiatives. Opportunities exist within DERA to focus on work in specific policy areas, risk assessment and modeling, or litigation support. In all roles, candidates must demonstrate their ability to apply their knowledge of applied economics or econometrics in support of the Agency’s mission to protect investors, facilitate capital formation, and ensure fair and orderly markets.

This vacancy announcement is for Financial Economic Fellows, which are usually hired on an initial two-year (temporary)appointment, that may be extended for up to an additional two years at the agency’s discretion and, if extended, the total fellow position cannot exceed four years. This position is open to the following candidates:

-U.S. Citizens or persons admitted for permanent residence (green card) and seeking citizenship as outlined in 8 U.S.C. 1324b(a)(3)(B)).

If you wish to apply for one of our Financial Economic Fellow positions, please submit an application at: or search the USAJobs website for the following announcement number: 19-EX-10460837-DERA.

QUALIFICATIONS: Applicants must meet both the Education requirements and the Specialized Experience requirements to be eligible for consideration.

• Education: A bachelor’s degree or higher (Ph.D. preferred) from an accredited university or college with a major in economics that included at least 21 semester hours in economics and 3 semester hours in statistics, accounting, calculus, or a combination of education and experience including courses equivalent to a major in economics plus appropriate experience and additional education.

• Specialized Experience: The candidate’s resume must reflect demonstrated experience in the application of economics. This experience must be demonstrated in at least one of five ways: (a) experience in analyzing the costs and benefits of regulations in financial markets, including effects on market efficiency, competition, and capital formation; (b) experience writing reports analyzing the economics of securities litigation that have been submitted in federal courts or in the context of an SEC action, including the quantification of either harm to investors or ill-gotten gains; (c) experience writing reports that evaluate the effect of policy and rule changes on market performance and function; (d) experience writing reports in market microstructure or similar applied microeconomic fields such as industrial organizations and auction theory; or (e) success in conducting research that is of comparable quality to the top peer-reviewed finance and economics journals.
Please Note: In addition to the above Financial Economic Fellows opportunity, DERA is also seeking permanent Financial Economist candidates under the following vacancy announcements. Candidates should submit separate applications for each position they want to be considered for.

1. If you wish to apply for one of our Financial Economist positions please submit an application at: or search the USAJobs website for the following announcement number: 19-ES-10461019-DERA.

Financial Economists are full-time permanent positions that are only open to U.S. Citizens, nationals, or those who owe allegiance to the U.S.

Application Procedure

If you wish to apply for one of our Financial Economic Fellow positions, please submit an application at: or search the USAJobs website for the following announcement number: 19-EX-10460837-DERA.

1. You must submit a complete application package through USAJobs by searching for consideration of this position using the website information described above. To receive consideration for this position you must submit or complete the following requirements by the closing date of this announcement: your resume (curriculum vitae), complete undergraduate and/or graduate college transcripts, responses to the online applicant questionnaire, list of four references, and an original job market paper or sample of written in-depth economic analysis that demonstrates your expertise as related to the experience DERA is seeking. If you are claiming veterans preference you must submit your Certificate of Release of Discharge From Active Duty, DD-214, or other official documentation from a Branch of the Armed Forces or the Department of Veteran’s Affairs showing dates of service and type of discharge. Letters of recommendation are strongly encouraged but not required.

2. Multiple selections may be made from this announcement for various DERA offices for positions with the same title, series, levels, promotion potential, qualifications, and specialized experience.

3. All qualification requirements and supporting documentation must be received by the closing date of this announcement.

4. Selectees are compensated based on their qualifications and experience on the Commission’s pay scale.

5. To see a full list of SEC specific benefits, please go to this link:

6. For additional information about DERA, please visit:

7. Please visit the USAJobs Help Center for assistance with the federal application process.

Closing date for this announcement is June 30, 2019.

About the Organization

The mission of the U.S. Securities and Exchange Commission is to protect investors; maintain fair, orderly, and efficient markets; and facilitate capital formation. The U.S. Securities and Exchange Commission strives to promote a market environment that is worthy of the public’s trust and characterized by transparency and integrity.

For Additional Questions

Job ID

ID: J4962