The NCUA is ranked #9 for the 2023 best places to work in the Federal government (mid-size agencies). This position is at the National Credit Union Administration (NCUA) in the Office of National Examinations and Supervision. This position serves as an Operations Research Analyst (Senior Financial Modeler).
Please note: Under the provisions of the Direct-Hire Authority, veterans' preference does not apply. Applicants who meet the minimum qualifications and the basic requirements and who are otherwise eligible to apply for this position, may be referred for selection consideration. Traditional rating and ranking of applications does not apply. Specialized experience is the experience that has equipped you with the specific knowledge, skills, and abilities to successfully perform the duties of the position, and that is typically in or related to the work of the position to be filled. All applicants applying for the CU-15 level must have at least one full year of specialized experience equivalent to the CU/GS-14 level obtained in the private or public sector. Specialized experience for this position is defined as experience: 1) applying mathematical, statistical, or econometric techniques to develop quantitative models that predict asset performance, member/deposit behaviors, or financial institution performance; and 2) conducting economic research and data analysis in the financial services industry. You must meet the qualifications for this position by the closing date of this announcement. Please note, all experience statements (i.e., duties, specialized experience, or occupational assessment questionnaire) copied from this announcement and pasted into your resume will not be considered as a demonstration of your qualifications for this position. YOUR RESUME MUST provide specific details as to how your experience meets the specialized experience and support your responses to the online questionnaire as described in the vacancy announcement. When describing your experience in your resume, please be specific. We will not make assumptions regarding your experience. Please ensure that your resume includes the grade (if you are a current or previous federal employee), month, and year that you began and ended for each position held or that position may not be credited toward meeting the specialized experience requirement. Full-time employment will be assumed unless otherwise stated on your resume. Part-time employment will be prorated in crediting experience. Failure to provide details will result in an ineligible rating. Your resume must also support your responses to the online questionnaire. Failure to provide support may result in a lower rating and/or you may be excluded from consideration. Your latest resume submitted for this vacancy announcement will be used to determine qualifications and supersedes previous submissions.
As an Operations Research Analyst (Senior Financial Modeler), you will: Serve as the primary analyst responsible for the model development process including conceptualization through data exploration, model selection, model building and testing, model documentation and deployment, user training, ongoing monitoring, leveraging best industry practice while simultaneously accounting for the unique characteristics and risks of credit unions industry. Serve as a primary ONES resource on quantitative methods and research, and identify opportunities to utilize data mining and statistical techniques to develop and provide analytic insights, innovative and practical solutions to support NCUA's strategies and initiatives. Analyze economic conditions and policy developments in the financial service industry for their potential impact on the federally insured credit unions and the NCUSIF. Perform economic forecast and develop economic products and presentations to support ONES supervision program and scenario development. Review business processes, portfolio characteristics and technical documentations and apply econometric or quantitative methods to evaluate the full life cycle of models used by credit unions, focusing on conceptual model design and methodology, data inputs, model implementation and performance, model on-going monitoring and change management processes. Work with other members of ONES analytic team, ONES field examiners and specialists, and other NCUA groups to build ONES analytic capability and establish the internal model governance and model risk management framework. Work with ONES credit unions and third-party vendors to develop and implement independent validation strategies, including assessing their model development methodologies and processes, identifying potential model weaknesses and materiality of the risk, and developing necessary challenge models using statistical and econometric techniques and industry and proprietary data.