The incumbent serves as a Risk Analyst in the Risk Analytics unit under the Risk Surveillance Branch (RSB), Division of Clearing and Risk (DCR). RSB conducts financial and risk surveillance of derivatives markets intermediaries and clearing organizations to monitor the actual and potential implication of market events and conditions for the financial integrity of the clearing and settlement system and to follow up on indications of financial difficulty.
CT-14 Level: To qualify for the CT-14 level you must have at least one year of specialized experience equivalent to the next lower grade (GS/CT-13 level). Specialized experience is defined that through which one has gained experience: Managing the design, development, and deployment of large-scale information technology projects to ensure continuous system operations and resolve time-sensitive issues related to risk surveillance and quantitative analysis. Conducting financial stress testing and analyzing market data (e.g. pricing, volatility, and margin portfolios) to assess the potential impact of market changes on the financial condition of futures and swaps market intermediaries. Developing new financial analysis approaches and methodologies to conduct effective risk surveillance of individual traders, derivatives market intermediaries, and clearing organizations. Leading project teams responsible for analyzing market data regarding pricing and volatility to determine the potential financial impact on the condition of individual traders, market intermediaries, and clearing organizations.
As a Risk Analyst (Risk Analytics) the incumbent: Participates in the design, development, and maintenance of RSB’s advanced risk analytics platform to measure, monitor, and assess risk exposures across exchange-traded futures and options, cleared and uncleared swaps, and related cash or physical markets, as well as major participants in these markets. Participates in the design, coordination, and execution of the CFTC’s periodic supervisory stress tests by collaborating with DCR staff and with other relevant regulatory authorities. Plans, coordinates, and leads the development of tools for risk surveillance activities for evaluating market risk at clearing members and DCOs, conducting stress test analyses, and identifying market participants that pose unusual levels of risk. Ensures availability, functionality, integrity, and upgrading of DCR's financial surveillance applications to identify firms or large traders carrying potentially risky positions in these markets. Leads in the remediation of loss of availability or functionality of applications and any requested tool enhancements. Develops and deploys analytical tools that evaluate the sufficiency of margin levels for derivative products subject to CFTC oversight, with a focus on DCOs and cleared market margins. Leads the development and monitoring of DCR's financial surveillance applications with the assistance of the Division of Data (DOD), defining and communicating functional and system requirements and specifications to contractors, and identifying/implementing enhancements of DCR's financial surveillance applications.