STAFF ACCOUNTANT

U.S. Federal Government - Chicago, IL

Full-time | Part-time
Duties
Summary
The Office of Compliance Inspections and Examinations ("OCIE") protects investors through administering the SEC's nationwide examination and inspection program.

Responsibilities
Examiners in Washington, DC and in the Commission's 11 regional offices conduct examinations of the nation's registered entities, including broker-dealers, transfer agents, investment advisers, investment companies, the national securities exchanges, clearing agencies, SROs such as the Financial Industry Regulatory Authority ("FINRA") and the Municipal Securities Rulemaking Board, and the Public Company Accounting Oversight Board ("PCAOB"). OCIE's mission is to protect investors, ensure market integrity and support responsible capital formation through risk-focused strategies that: (1) improve compliance; (2) prevent fraud; (3) monitor risk; and (4) inform policy.

This position is in the Office of Clearance & Settlement and only ONE selection will be made in New York, NY or Chicago, IL.

Salary Ranges:
Chicago, IL:
SK-12: $93,692 - $154,090
SK-13: $111,419 - $183,231

New York, NY:
SK-12: $97,357 - $160,119
SK-13: $115,778 - $190,400
If selected, you will join a well-respected team as a Staff Accountant in the Office of Clearance and Settlement that is responsible for providing accounting/examining assistance for actions being undertaken by the SEC as well as supporting OCIE's mission to conduct and coordinate the nationwide examinations of Clearing Agencies.

Typical Duties Include:
Providing technical assistance and support in one or more of the Compliance Inspections and Examinations' accounting/examining program with emphasis on registered self-regulatory organizations, investment companies, investment advisers, broker-dealers, transfer agents, and clearing agencies, (collectively "registrants"); providing this by:
Planning and conducting examinations, developing reports of findings, communicating verbally in meetings, drafting detailed findings in reports, and providing advice and recommendations for complex clearing agency examinations;
Providing technical advice and assistance in the areas of accounting principles and standards, evaluating internal control processes, performing complex and difficult assignments supporting the mission of the Compliance Inspections and Examinations program; and
Analyzing complex internal control systems and processes, analyzing the methods used for valuing and accounting for a portfolio of securities, reconstructing records and process flows, analyzing cash-management systems, investigating new financial products, analyzing performance calculations, and/or analyzing risk.
Travel Required
Occasional travel - You may be expected to travel more than 25%.

Supervisory status
No

Promotion Potential
14

Job family (Series)
0510 Accounting

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Requirements

Requirements
Conditions of Employment
You must be a US Citizen
Application procedures are specific to this vacancy announcement. Please read all the instructions carefully. Failure to follow the instructions may result in you not being considered for this position.
Supplementary vacancies may be filled in addition to the number stated in this announcement.
This position has promotion potential to the SK-14
PROBATIONARY PERIOD: This appointment may require completion of a one-year probationary period.
SECURITY CLEARANCE: Entrance on duty is contingent upon completion of a pre-employment security investigation. Favorable results on a Background Investigation may be a condition of employment or selection to another position.
DRUG TESTING: This position may be subjected to drug testing requirements.
PERMANENT CHANGE OF STATION (PCS): Moving/Relocation expenses are not authorized.
DIRECT DEPOSIT: All Federal employees are required to have Federal salary payments made by direct deposit to a financial institution of their choosing.
This position is in the collective bargaining unit.
You may be expected to travel more than 25%.
Qualifications
All qualification requirements must be met by the closing date of this announcement.

Qualifying experience may be obtained in the private or public sector. Experience refers to paid and unpaid experience, including volunteer work done through National Service programs (e.g., Peace Corps, AmeriCorps) and other organizations (e.g., professional; philanthropic; religious; spiritual; community, student, social). Volunteer work helps build critical competencies, knowledge, and skills and can provide valuable training and experience that translates directly to paid employment. You will receive credit for all qualifying experience, including volunteer experience. Qualifying education must have been obtained from an accredited college or university recognized by the U.S. Department of Education.

BASIC REQUIREMENT :
Degree : accounting; or a degree in a related field such as business administration, finance, or public administration that included or was supplemented by 24 semester hours in accounting. The 24 hours may include up to 6 hours of credit in business law. (The term "accounting" means "accounting and/or auditing" in this standard. Similarly, "accountant" should be interpreted, generally, as "accountant and/or auditor.") OR
Combination of education and experience : at least 4 years of experience in accounting, or an equivalent combination of accounting experience, college-level education, and training that provided professional accounting knowledge. The applicant's background must also include one of the following:
Twenty-four semester hours in accounting or auditing courses of appropriate type and quality. This can include up to 6 hours of business law;
A certificate as Certified Public Accountant or a Certified Internal Auditor, obtained through written examination; OR
Completion of the requirements for a degree that included substantial course work in accounting or auditing, e.g., 15 semester hours, but that does not fully satisfy the 24-semester-hour requirement of paragraph A, provided that (a) the applicant has successfully worked at the full-performance level in accounting, auditing, or a related field, e.g., valuation engineering or financial institution examining; (b) a panel of at least two higher level professional accountants or auditors has determined that the applicant has demonstrated a good knowledge of accounting and of related and underlying fields that equals in breadth, depth, currency, and level of advancement that which is normally associated with successful completion of the 4-year course of study described in paragraph A; and (c) except for literal nonconformance to the requirement of 24 semester hours in accounting, the applicant's education, training, and experience fully meet the specified requirements.
MINIMUM QUALIFICATION REQUIREMENT : In addition to meeting the basic requirement, applicants must also meet the minimum qualification requirement.

SK-12: Applicant must have at least one year of specialized experience equivalent to the GS/SK-11 level :

Specialized experience includes the following below:
Analyzing and reviewing financial reporting information filed under the Investment Company Act of 1940, Securities Act of 1933 and/or the Securities Exchange Act of 1934; planning/performing audit/examination functions using a variety of auditing/examination methods and techniques; applying generally-accepted accounting principles (GAAP) requirements to prepare reports and detailed analytical presentations on compliance examination findings; AND
Applying generally-accepted accounting principles (GAAP) requirements to prepare reports; AND
Applying detailed analytical processes on compliance examination findings; AND
Assisting on reporting financial data through the use of a Relational Database Management System, such as SQL, Microsoft Access, Oracle, or have advanced skills using spreadsheets such as Microsoft Excel

And at least one of the following:
Identifying, managing, monitoring and mitigating risks of regulated financial services firms; OR
Assessing the risk associated with the operations of clearing agencies or any other entity that operates a multilateral system for the purpose of transferring, clearing, or settling payments, securities, or other financial transactions among financial institutions or between financial institutions and persons; OR
Managing the risks presented by a large portfolio of securities such as credit, liquidity, and operational risks. This knowledge and experience would include background with models and other methods to measure that risk, such as Value at Risk ("VaR"); policies, procedures and processes to mitigate that risk, including margin and hedging strategies; and governance principles to oversee the management of such risk.
SK-13: Applicant must have at least one year of specialized experience equivalent to the GS/SK-12 level . Specialized experience includes the following below:
Conducting accounting compliance inspections and examinations of broker dealers, Clearing agencies, municipal advisors, transfer agents, investment advisers, investment companies and/or other self-regulatory organizations; which includes performing and facilitating interviews with entities being examined and preparing reports of findings; AND
Identifying and/or analyzing accounting and compliance issues at registrants, such as issues with compliance with disclosure, record keeping, financial reporting, or prohibited activities; AND
Analyzing and reporting on financial data through the use of a Relational Database Management System, such as SQL, Microsoft Access, Oracle, or have advanced skills using spreadsheets such as Microsoft Excel.

And at least one of the following:
Identifying, managing, monitoring and mitigating risks of regulated financial services firms; OR
Assessing the risk associated with the operations of clearing agencies or any other entity that operates a multilateral system for the purpose of transferring, clearing, or settling payments, securities, or other financial transactions among financial institutions or between financial institutions and persons; OR
Managing the risks presented by a large portfolio of securities such as credit, liquidity, and operational risks. This knowledge and experience would include background with models and other methods to measure that risk, such as Value at Risk ("VaR"); policies, procedures and processes to mitigate that risk, including margin and hedging strategies; and governance principles to oversee the management of such risk.
Education
You MUST provide transcripts or other documentation to support your educational claims. Unless otherwise stated: (1) official or unofficial transcripts are acceptable, or (2) you may submit a list with all of your courses, grades, semester, year, and credit for the course. All materials must be submitted by the closing date of the announcement.

PASS/FAIL COURSES: If more than 10 percent of your undergraduate course work (credit hours) were taken on a pass/fail basis, your claim of superior academic achievement must be based upon class standing or membership in an honor society.

FOREIGN EDUCATION: If you are using education completed in foreign colleges or universities to meet the qualification requirements, you must show the education credentials have been evaluated by a private organization that specializes in interpretation of foreign education programs and such education has been deemed equivalent to that gained in an accredited U.S. education program; or full credit has been given for the courses at a U.S. accredited college or university. For further information, visit: http://www.ed.gov/about/offices/list/ous/international/usnei/us/edlite-visitus-forrecog.html

Additional information
IMPORTANT INFORMATION FOR SURPLUS OR DISPLACED FEDERAL EMPLOYEES : Career Transition Assistance Plan (CTAP) and Interagency Career Transition Assistance Plan (ICTAP) are available to individuals who have special priority selection rights under this plan. Individuals must be well-qualified for this position to receive consideration for special priority selection. CTAP or ICTAP eligibles will be considered well-qualified when receiving an adjudicated score of 80 or higher.

Reasonable Accommodation: If you are an applicant who needs a reasonable accommodation for disability to participate in the application process at the SEC, submit the form for Reasonable Accommodation for Participation in Job Application Process here . Please be sure to submit your request at least 5 business days in advance of the date you need the requested accommodation.

Equal Employment Opportunity (EEO) Information for SEC Job Applicants: Federal EEO laws protect all applicants from discrimination on the following bases: race, color, sex (not limited to conduct which is sexual in nature, includes pregnancy, gender identity, sexual orientation, transgender status), age (40 and over), religion, national origin, disability, genetic information, retaliation for participating in the EEO process or opposing discrimination. Applicants who believe they have been discriminated against on any EEO basis can seek recourse through the SEC's administrative complaints process. To be timely, an individual must enter the EEO process within 45 days from when they know (or should have known) of the alleged discrimination. Click here for additional information.

TTY/ASCII : Video Relay Service users are welcome to contact the appropriate SEC office or employee via the contact information listed above. If you do not otherwise have access to a Video Phone or Video Relay service, you may send us an email or use the Federal Video Relay Service via the internet. For more information about using the Federal Relay Service and to create a new account, please see: http://fedvrs.us/

How You Will Be Evaluated
You will be evaluated for this job based on how well you meet the qualifications above.

We will review your resume and supporting documentation to determine if you meet the minimum qualifications for the position. If you meet the minimum qualifications stated in the vacancy announcement, we will compare your resume and supporting documentation to your responses on the scored occupational questionnaire. Your resume must support your responses to the scored occupational questionnaire. If it is determined you meet minimum qualification requirements, your application will then be placed in one of three categories: Highly Qualified, Well Qualified, or Qualified. Within these categories, applicants eligible for Veterans' Preference will receive selection priority over non-veteran preference eligibles.

Your qualifications will be evaluated on the following competencies (knowledge, skills, abilities and other characteristics):

Accounting Compliance Examinations, Accounting Research, and Technical Communication
The Occupational Questionnaire will take you approximately 20 minutes to complete. To preview the Occupational Questionnaire, click the following link https://apply.usastaffing.gov/ViewQuestionnaire/10488634 .

Occupational Questionnaire, click the following link https://apply.usastaffing.gov/ViewQuestionnaire/10488634 .

Those candidates who are referred may also be asked to participate in an interview, as well as an "In-Box Exercise" that is designed to measure your analytical writing capabilities.

Background checks and security clearance
Security clearance
Other

Drug test required
No

Required Documents

Required Documents
You must provide a complete Application Package, which includes:

Required : Your responses to the Occupational Questionnaire.
Required : Your complete and comprehensive resume that includes a complete history of your work experience and the applicable employment dates with months and years. To determine if you qualify for this position, OHR will review your work history that is relevant to the specific position for which you applied. If you are an external candidate selected for this position, OHR will review your complete work history to establish your starting salary. If you are a current SEC employee selected for this position, the standard percentage increases will be applied (i.e., 6% for non-supervisory and 8% for supervisory positions) if your selection results in a promotion. If your selection results in lateral movement (i.e. no change in grade) you will maintain your current salary. Note : Your resume must directly address the definition of specialized experience listed in the qualification section of this announcement and must NOT contain pictures.
Required : An unofficial college transcript. (Note: If you are selected for this position, official transcript will be required.)
Required, if applicable: CTAP/ICTAP documentation (a copy of a separation notice or other proof of eligibility for priority selection; a copy of an SF-50, Notification of Personnel Action, showing current position, grade, promotion potential, and duty location; AND a copy of your most recent performance appraisal.)
Required, if applicable : Veteran's Preference Documentation (DD-214, Member Copy 4 or other documentation containing dates of service and character of discharge. Disabled veterans and other applicants eligible for 10-point Veteran's Preference please include: documentation to validate your claim - VA letter, SF-15, etc).
If you are relying on your education to meet qualification requirements:
Education must be accredited by an accrediting institution recognized by the U.S. Department of Education in order for it to be credited towards qualifications. Therefore, provide only the attendance and/or degrees from schools accredited by accrediting institutions recognized by the U.S. Department of Education .

Failure to provide all of the required information as stated in this vacancy announcement may result in an ineligible rating or may affect the overall rating.

Benefits

Benefits
A career with the U.S. Government provides employees with a comprehensive benefits package. As a federal employee, you and your family will have access to a range of benefits that are designed to make your federal career very rewarding. Learn more about federal benefits .

Review our benefits

Eligibility for benefits depends on the type of position you hold and whether your position is full-time, part-time, or intermittent. Contact the hiring agency for more information on the specific benefits offered.