Summary
This position is located in the Examinations Branch of the Division of Clearing and Risk (DCR). The Examinations Branch plans and conducts examinations of derivatives clearing organizations (DCOs) to evaluate compliance with the Commodity Exchange Act (Act) and Commission regulations and monitors financial, operational, and risk activities of DCOs to assess the actual and potential implications of those activities for the DCO and for financial markets generally.
Duties
If selected for this position, you will serve as an Associate Director responsible for managing and supervising a team of professional and technical experts responsible for assessing DCOs for compliance with the Act and CFTC regulations. This will include the following: Provide expert advice and technical guidance to the Deputy Director for Examinations in the formulation of an annual plan of examinations. Ensure the planned examinations are carried out in an efficient and effective manner. Prepare risk assessments that identify potential areas of risk at a DCO and assign rankings to each risk. This includes assessing business risks related to DCO's risk management policies and procedures and the identification of potential gaps in the risk controls at a given DCO. Establish the scope and priorities for DCO examinations, including those focusing on financial resources, operational capabilities, and risk management activities, specializing in system operations and safeguards, with minimal guidance from the Deputy Director. Conduct meetings with other regulators regarding common registrants, including staff of the Board of Governors of the Federal Reserve System and the Securities and Exchange Commission and manage these inter-agency relationships. Provide leadership and guidance to team members through identifying, distributing, and balancing workload and tasks among employees in accordance with established workflow, skill level, and/or occupational specialization; adjusting workload and tasks among employees. Supervise professional staff assigned to non-routine reviews arising from notifications filed by DCOs highlighting unexpected events or errors, as well as reviews involving complex or unusual issues arising from ongoing or ad hoc financial and operational analyses of such entities. Review and assess the sufficiency and accuracy of the reports prepared by staff that detail the analysis done in response to DCO notifications. Assist the Deputy Director in developing new examination standards and guidance for evaluating the compliance of DCOs with regulatory requirements. Review the effectiveness of these standards and guidance and update as necessary. Serve as an expert regarding the Examinations Branch's internally developed software. Assist other staff in understanding the output of the software and respond to general or specific questions posed by senior DCR staff, other CFTC staff, and Commissioners and their staff related to the software. Represent the branch at program meetings, briefing reviews, technical assessments, training sessions and related activities for DCR senior staff and staff of other Commission offices/divisions regarding the examination program functions and activities. Answer questions from DCR and other Commission staff and the public concerning the examination program. Build coalitions internally and with other Federal agencies, State and local governments, nonprofit and private sector organizations, foreign governments, or international organizations to achieve common goals. Perform special projects, as assigned, and in support of DCR's responsibilities in general.
Requirements
Must submit all required documents by the closing date. You will be evaluated on the basis of your level of competency (knowledge, skills, abilities) in the following areas: Accountability Customer Service Decisiveness Flexibility Interpersonal Skills Problem Solving Resilience Skill in developing, planning, and coordinating examinations of DCOs for compliance with regulations; Ability to communicate in a clear, concise and effective manner in order to prepare reports that document analysis, findings, and conclusions; Ability to lead people toward meeting the organization's vision, mission, and goals. Ability to provide an inclusive workplace that fosters the development of others and facilitates cooperation and teamwork; Skill in building coalitions internally and with other Federal agencies, State and local governments, nonprofit and private sector organizations, foreign governments, or international organizations to achieve common goals.
How you will be evaluated
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. This recruitment will utilize the following assessment tools: Structured Evaluative Review Your application will be evaluated through an SME Evaluative Review. Subject Matter Experts (SMEs) will independently review your resume to assess how well your experience demonstrates the required competencies for this position. SMEs will assign scores based on the strength, relevance, and clarity of the information provided in your resume. These individual evaluations will then be combined to determine your final score or rating category. Quality Category Definitions: • Best Qualified – Applicants who substantially exceed the minimum qualifications and demonstrate exceptional proficiency across the core competencies. • Well Qualified – Applicants who clearly exceed the minimum qualifications and demonstrate strong competency across most areas. • Qualified – Applicants who meet the minimum qualifications for the position. When the application process is complete, we will review your resume and other supporting documentation, to ensure you meet the hiring eligibility and qualification requirements listed in this announcement. You may preview questions for this vacancy.