Opportunities for Economists and Other Experts and Professionals With the SEC
How to Apply
The Division of Economic and Risk Analysis (DERA) is currently hiring for each of its seven specialized offices, which are described on the home page of the DERA website. Candidates may apply for (a) a permanent position or (b) a term or visiting appointment. Procedures and requirements for the two tracks are different.
- Candidates interested in a permanent position must apply under an open vacancy announcement. All vacancies for permanent positions are listed on this website. Interested candidates should carefully read the qualification requirements and application procedures that are outlined in each announcement. Applications must be submitted during the open announcement period. Permanent employees must be US citizens.
- Candidates interested in a term or visiting appointment as an Economic Fellow or Visiting Academic Scholar, or who are interested in another expert or professional position, should contact the Division of Economic and Risk Analysis (DERA) directly. Generally speaking, candidates should possess advanced quantitative and/or financial skills as demonstrated by a Ph.D. in finance, economics, accounting, statistics, or related area. Research associate candidates should have a Bachelor or Masters of Business Administration degree with a quantitative or finance concentration, or a Masters degree in Finance or Financial Engineering. We are also seeking professionals with specialized expertise gained either through extensive research in relevant topic areas, or through industry experience from positions held at banks, exchanges, asset management firms, broker-dealers, hedge funds, mutual funds, or related institutions. Positions are open to U.S. citizens and certain non-U.S. citizens. While U.S. citizenship is generally required, certain situations may allow for non-U.S. citizens to be employed in term positions (such as persons lawfully admitted for permanent residence and seeking citizenship as outlined in 8 U.S.C. 1324b(a)(3)(B)). For information on employment eligibility for non-U.S. citizens, see http://www.usajobs.gov/ResourceCenter/Index/508/NonCitizensEmployment#icc. Positions are contingent upon all candidates passing a background check. To apply, please send a cover letter and resume to firstname.lastname@example.org.
About The Division of Economic and Risk Analysis
The Division of Economic and Risk Analysis (DERA) was created in September 2009 to integrate financial economics and rigorous data analytics into the core mission of the SEC. The Division is involved across the entire range of SEC activities, including policy-making, rule-making, enforcement, and examination. As the agency's "think tank," DERA relies on a variety of academic disciplines, quantitative and non-quantitative approaches, and knowledge of market institutions and practices to help the Commission approach complex matters in a fresh light. DERA also assists in the Commission's efforts to identify, analyze, and respond to risks and trends, including those associated with new financial products and strategies. Through the range and nature of its activities, DERA serves the critical function of promoting collaborative efforts throughout the agency and breaking through silos that might otherwise limit the impact of the agency's institutional expertise.
For further information about DERA, please see http://www.sec.gov/
Description of Positions
Economic Fellows and Financial Economists are responsible for using economic methods to solve problems across the entire range of SEC activities, including policy-making, rule-making, enforcement, examination, and other matters. They identify and analyze issues, trends, and innovations in the marketplace; develop analytical approaches, methods, and models to uncover potential securities law violations; work with outside experts in academia and industry to strengthen the SEC's foundation of market knowledge; manage and analyze public and private data to support relevant initiatives and projects; and, conduct research suitable for publication in peer-reviewed journals. Ideal candidates have a Ph.D. or are nearing completion of a Ph.D. in finance, accounting, or economics, or have industry experience through positions with banks, exchanges, asset management firms, broker-dealers, hedge funds, mutual funds, or similar institutions. Those candidates with Ph.D.s should have extensive experience conducting empirical financial research in topics of interest to the SEC. Economic Fellows are hired with an initial appointment of two years, extendable for an additional two years. Fellows who are U.S. citizens may apply for permanent positions as Financial Economists upon completion of at least one year under the fellowship program.
Visiting Academic Scholars perform the same duties as the Financial Economists. Candidates must have a Ph.D. in finance, accounting or economics, and have a permanent position at a U.S. college or university. Additionally, preferred candidates have at least three years post-graduate experience in financial economics and experience conducting high-quality research in topics of interest to the SEC. These positions are single-year appointments, renewable once. Visiting Scholars are compensated pursuant to an Intergovernmental Personnel Act (IPA) contract, whereby professors are detailed to the government but remain employed by their universities, which are reimbursed for the academic salary and benefits.
Other Experts and Professionals. DERA also hires other experts and professionals whose duties may include computer programming, data collection, and directed statistical, quantitative and qualitative analysis. Candidates should possess advanced quantitative and/or financial skills similar to those found in degrees such as Masters of Finance or Financial Engineering or Masters of Business Administration (with a quantitative/finance concentration), or have market experience through positions with banks, exchanges, asset managers, broker-dealers, hedge funds, mutual funds, or similar institutions.
Salaries are competitive and based on education and relevant work experience.