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The Market Participants Division (MPD) leads the Commission’s efforts in protecting market participants and their funds by ensuring the financial integrity, fitness, and fair business conduct of derivatives market intermediaries. The Division oversees the registration and compliance of intermediaries and futures industry self-regulatory organizations, including U.S. derivatives exchanges and the National Futures Association (NFA).
04/09/2025 to 11/11/2025
$150,854 - $227,532 per year
CT 14
MANY vacancies in the following locations:
No
Yes—Limited telework is available for this position.
Occasional travel - You will be required to travel on an occasional basis.
No
Permanent
Full-Time
Competitive
15
No
No
CFTC-DOE-2025-0003
3298611500
U.S. Citizens, Nationals or those who owe allegiance to the U.S.
Current federal employees whose agencies follow the U.S. Office of Personnel Management's hiring rules and pay scales.
Veterans of the U.S. Armed Forces or a spouse, widow, widower or parent of a veteran, who may be eligible for derived preference
Individuals eligible under a special authority not listed in another hiring path.
Applications will be accepted from qualified US Citizens
The incumbent is assigned to the Managed Funds and Financial Requires Branch (MFFRB) and serves as an expert adviser and consultant in providing technical and policy direction for highly sophisticated and complex financial matters and quantitative risk management issues pertaining to the Commission's capital, margin and segregation regulations. The incumbent is expected to represent the Commission, or assist staff representing the Commission, in coordination and outreach efforts with other domestic, foreign, and international regulatory and standard setting organizations, as well as with industry associations. Specifically, you will:
Serve as an expert adviser and consultant to senior staff by providing expertise and policy direction for material and complex matters, issues, and problems pertaining to capital, margin, and segregation for swap dealers, major swap participants, and futures commission merchants. Serve as an adviser and technical authority to key executives within the Commission on all matters arising within the incumbent's area of expertise.
Lead projects within the Division's program to conduct initial and periodic ongoing assessments of market participants’ risk management programs, particularly statistical models submitted by swap dealers, major swap participants, and futures commission merchants for the computation of regulatory capital and margin purposes. Such models may be used to compute market risk, counterparty credit risk, valuation adjustments, initial and variation margin for complex trading and investment portfolios, including futures, swaps and any other traded assets.
Adapt or develop new procedures and techniques to evaluate models and methods used for valuation, risk measurement, and risk management. Review the swap dealers’, major swap participants’, or futures commission merchants’ models and the management controls surrounding the implementation of the models for purpose of assessing their appropriateness, soundness, validity, and accuracy. Confer with risk management, risk analytics, and model control personnel at swap dealers, major swap participants, and futures commission merchants, and futures self-regulatory organizations to ensure application of the most up-to date financial modeling trends and applications, including domestic and international standards in the calculation of capital requirements. This may include foreign regulatory regimes that may apply to a registrant who requests consideration for substituted compliance to comply with Commission regulations by complying with such foreign requirements.
Engage in a high order of creative interpretation and reasoning to formulate advice and recommend courses of action which meet the needs of both mission accomplishment and full compliance with the Act and Commission regulations. As a master in this field, the incumbent is expected to develop new hypotheses and theories. Where precedent and principles do exist, they often require extensive research to ascertain from several diverse, non-traditional and voluminous sources; are extremely varied; are complex and fluid, (i.e., rapidly evolving to meet changing market practices); and require difficult reasoning or interpretation to apply to specific actions.
Provide professional financial modeling advice and assistance for the most complex and difficult examination and enforcement cases concerning capital, margin, and segregation. Identifies, analyzes, and provides guidance on unique and novel financial modeling issues involving examinations and/or investigations of violations of the Act and Commission regulations. These issues include the control functions over programs, personnel and systems implementing the financial models.
Assist in promulgating policy and drafting regulations and policy documents. Drafts updates for dissemination to agency personnel, and renders written and oral technical guidance on matters relating to assigned area of responsibility.
As required by Executive Order 14043, Federal executive branch employees are required to be fully vaccinated against COVID-19 regardless of the employee's duty location or work arrangement (e.g., telework, remote work, etc.), subject to such exceptions as required by law. If selected, you will be required to be vaccinated against COVID-19 and submit documentation of proof of vaccination by November 22, 2021 or before appointment or onboarding with the agency (if later than November 22, 2021). The agency will provide additional information regarding which forms of documentation can be accepted and how you can request a legally required exception from this requirement.
To qualify for the CT-15 level you must have at least one year of specialized experience equivalent to the next lower grade (GS/CT-14 level).
Specialized experience is defined as experience gained at a senior-level which includes experience identifying, measuring and monitoring current and potential exposure to market risk of futures, options on futures and/or swap positions including the use of quantitative techniques such as back testing or stress testing, or developing or analyzing mathematical models to quantitatively assess model performance and recommend changes for model improvements. Project lead in developing financial review products and recommendations and presenting findings to management. Experience in drafting regulations and policy documents.
This job does not have an education qualification requirement.
Probationary Period. Candidates selected under competitive examining procedures will be subject to a one-year probationary period.
Relocation. Relocation expenses will not be paid.
You will be evaluated for this job based on how well you meet the qualifications above.
Your application will be evaluated and rated under CFTC Category Rating and Selection Procedures. Your resume and supporting documentation will be used to determine whether you meet the job qualifications listed on this announcement. If you are minimally qualified for this job, your resume and supporting documentation will be compared to your responses on the online assessment questionnaire. If you rate yourself higher than is supported by your application materials, your responses may be adjusted and/or you may be excluded from consideration for this job. Your application will then be placed in one of three categories: Best Qualified, Well Qualified, or Qualified. Names of all candidates in the best qualified category will be sent to the hiring official for employment consideration. Candidates within the best qualified category who are eligible for veteran’s preference will receive selection priority over non-veteran preference eligibles.
You must describe in your application how your work experience demonstrates that you possess the competencies (knowledge, skills, abilities) identified below:
If you are requesting Veterans Preference, you must submit:
Copy of the Member Copy 4 of your DD-214 (Certificate of Release or Discharge from Active Duty).
Standard Form (SF) 15, “Application for 10-Point Veteran Preference.
VA Letter
Veterans Preference. If you are entitled to veteran preference, you should indicate the type of veteran preference you are claiming on your resume.
Interagency Career Transition Assistance Program (ICTAP). The ICTAP provides eligible displaced federal competitive service employees with selection priority over other candidates for competitive service vacancies. If your agency has notified you in writing that you are a displaced employee eligible for ICTAP consideration, you may receive selection priority if: 1) this vacancy is within your ICTAP eligibility, 2) you apply under the instructions in this announcement, and 3) you are found well-qualified for this vacancy. To be well qualified, you must score 85 or better on established ranking criteria. You must provide proof of eligibility with your application to receive selection priority. Additional information about ICTAP eligibility is at: http://www.opm.gov/ctap/index.asp.ICTAP candidates MUST submit:
Career Transition Assistance Program (CTAP).Provides eligible surplus and displaced competitive service employees in the CFTC with selection priority over other candidates for competitive service vacancies. If CFTC has notified you in writing that you are a surplus or displaced employee eligible for CTAP consideration, you may receive selection priority if: 1) this vacancy is within your CTAP eligibility, 2) you apply under the instructions in this announcement, and 3) you are found well-qualified for this vacancy. To be well qualified, you must rate equivalent to the Well Qualified or better category using established rating criteria. You must provide a copy of your written notification of CTAP eligibility with your application. Additional information about CTAP eligibility is at: http://www.opm.gov/ctap/index.asp.
YOU MUST APPLY ONLINE. Your complete application, including required documents, must be received by 11:59 p.m. Eastern Time (EST) on the closing date of this announcement. You must complete and submit an application by accessing the USAJOBS website at USAJOBS. To begin, click the Apply Online button near the bottom of this screen and follow the prompts to register into your USAJOBS account, answer the questions, and submit all required documents. To return to your saved application, log in to your USAJOBS account at USAJOBS and click on "Application Status." Click on the position title, and then select Apply Online to continue. If you have problems completing your on-line application, including problems submitting your supporting documents, please contact the Help Desk by e-mail at mgshelp@monster.com or phone at 866.656.6831. The help desk is available Monday-Friday, 7:00 a.m. to 7:00 p.m. EST.
To verify the status of your application, log into your USAJOBS account (https://my.usajobs.gov/Account/Login), all of your applications will appear on the Welcome screen. The Application Status will appear along with the date your application was last updated. For information on what each Application Status means, visit: https://www.usajobs.gov/Help/how-to/application/status/.
Your status will also be updated on USAJOBS throughout the process. You can check your status, by accessing the USAJOBS website at http://usajobs.gov/ and clicking on "Track Your Online Application.
The Federal hiring process is set up to be fair and transparent. Please read the following guidance.
This job originated on www.usajobs.gov. For the full announcement and to apply, visit www.usajobs.gov/job/3298611500. Only resumes submitted according to the instructions on the job announcement listed at www.usajobs.gov will be considered.