Job Title:Staff Accountant

Department:Other Agencies and Independent Organizations

Agency:Securities and Exchange Commission

Job Announcement Number:12-625686-DQ

SALARY RANGE: $110,920.00 to $190,920.00 / Per Year

OPEN PERIOD: Friday, March 30, 2012 to Friday, April 20, 2012

SERIES & GRADE: SK-0510-14

POSITION INFORMATION: Full Time - Permanent

PROMOTION POTENTIAL:14

DUTY LOCATIONS: 01 vacancy(s) - Washington DC Metro Area, DC United States

01 vacancy(s) - New York, NY United States

WHO MAY BE CONSIDERED: United States Citizens

JOB SUMMARY:

Do you want to perform challenging work in a collegial environment, while enjoying quality of life and a competitive compensation package? Invest in your career at the U.S. Securities and Exchange Commission (SEC)!

The SEC's mission is to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation. The agency seeks high-caliber professionals who share the same values of integrity, fairness, accountability, resourcefulness, teamwork, and commitment to excellence.

The SEC offers a number of enhanced pay and benefits plus the standard Federal benefits: paid dental insurance and vision insurance and increased agency subsidy for health insurance which supplements your health benefits premiums by $25 for self-only coverage, and $50 for family coverage.

This Staff Accountant position will be located in the Office of Broker Dealer Examinations, Office of Large Firm Monitoring within the Office of Compliance Inspections and Examinations in Washington, DC or New York, NY.

Travel will be required; primarily between New York, NY and Washington, DC.

Salary Range for: SK-14 (DC): $110,910 - $181,398

(NY): $116,731 - $190,920

KEY REQUIREMENTS

Candidate must be a US citizen

DUTIES:

The Staff Accountant position will be located in the Office of Compliance Inspections and Examination (OCIE) in the Office of Broker Dealer Examinations, Office of Large Firm Monitoring, located in either New York or Washington, DC. Duties will primarily relate to supporting the large firm monitoring program. The Large Firm Monitoring (“LFM”) program’s mission is to support the objectives of an enhanced risk-based examination selection and scoping process for large firms in the National Examination Program. The incumbent will be part of an interdisciplinary team charged with monitoring the financial risks of select large firms. The incumbent will serve as a “Large Firm Monitor” supporting the Assistant Director in the execution of the large firm monitoring program. The LMF program helps support the overall large firm broker-dealer examination program’s effort to conduct risk-targeted examinations to maintain regulatory scrutiny of the large firms. The LFM program will help support this mission by enhancing the monitoring and risk assessment process for Large Firms by:

· Centralizing and enhancing the collection of relevant business, risk, regulatory and examination information about the Large Firms from across the Commission’s Divisions and Offices, among other sources; this will include to some degree of focus on certain affiliates.

· Analyzing the information across firms to alert parties to industry developments and help further focus monitoring as well as future exams.

· Assisting in planning and developing, on a collaborative basis, risk-targeted monitoring activities and examinations of the Large Firms, as well as informing and developing a similar process for other large broker-dealers; and

· Periodically reporting on business, risk, regulatory and compliance matters as well as examination findings to OCIE management and, as necessary or appropriate to the Commission, and/or its other Divisions and Offices.

Special attention will be placed on analysis of financial risks such as credit risk, market risk, liquidity and funding, and valuation issues. The incumbent will be part of a team that meets with large broker-dealers to discuss these issues. These meetings will include discussions with the following five groups at selected large firms: (1) Board Level Committees; (2) Senior Management; (3) Independent Control Functions; (4) Internal Audit; and (5) Individual Business Lines.

The incumbent will also be responsible for reviewing public and private filings with the Commission, reviewing other information obtained or produced by the Commission (e.g., exam reports, TCRs), communicating and coordinating with their peers within the Commission and with other regulators regarding firms and issues of common interest.

The incumbent will be responsible for preparing periodic management reports covering the firm(s) he or she is responsible for monitoring. The incumbent will also participate in various forums within the Commission and in meetings with other regulators to ensure that the group is getting the perspective of others and to ensure that other parties are benefiting from these monitoring efforts.

The monitoring function provides valuable insight into the level of risk across different products, processes, or control functions at individual firms and the industry in general which is used in the Office’s risk based selection and scoping of examinations. As part of this effort, the large firm monitor will participate in periodic risk assessment meetings with OCIE Headquarters’ senior management and management of the Regional Offices.

The incumbent will also provide support to the National Examination program through participation in exams of large firms, particularly with respect to financial risk related issues.

The incumbent may represent OCIE in meetings with staff of other federal agencies and the securities industry.

Basic Requirements:

A. Applicants must show successful completion of a full four-year course of study in an accredited college or university leading to a bachelor's or higher degree in accounting; or a degree in a related field such as business administration, finance, or public administration that included or was supplemented by 24 semester/36 quarter hours in accounting. The 24 semester/36 quarter hours may include up to 6 semester/9 quarter hours of credit in business law. (The term "accounting" means "accounting and/or auditing". Similarly, "accountant" should be interpreted, generally, as "accountant and/or auditor".)

OR

B. Combination of education and experience -- at least four (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 include ONE of the following:

-- 24 semester/36 quarter hours in accounting or auditing courses of appropriate type and quality. This can include up to 6 semester/9 quarter hours of business law;-- A certificate as Certified Public Accountant or 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/22 quarter hours, but that does not fully satisfy the 24-semester hour/36-quarter hour requirement in 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 four-year course of study described in paragraph A; and (c) except for literal non conformance to the requirement for 24 semester/36 quarter hours in accounting, the applicant's education, training, and experience fully meet the specified requirements.

AND

Additional Experience Requirements: In addition to meeting the Basic Requirement:

Qualifying experience for the SK-14 level: Candidate must possess at least one year of specialized experience equivalent to at least the GS/SK-13 level applying auditing, examining and/or investigating principles of the risk control functions at a large financial institution; the review of records related to the issuance, distribution or trading of securities while working for broker-dealer, bank, or hedge fund; preparing reports and/or data and detailing analytical presentations on complex compliance examination findings; applying generally-accepted accounting principles (GAAP) to complex financial instruments; and identifying new and unique situations from complex and potentially precedent-setting circumstances and recommended proposed resolutions to senior staff.

Knowledge, Skills and Abilities: Your resume will be evaluated on the listed KSAs in the occupational questionnaire for this announcement:

Knowledge of the Federal Securities Laws, Rules and Regulations

Knowledge of Risk Management Practices Employed in the Financial Industry

Ability To Analyze Complex Problems/Data And Devise Innovative Solutions

Ability To Communicate In Writing

HOW YOU WILL BE EVALUATED:

BASIS OF RATING: Candidates who meet the basic qualification requirements for this vacancy will be rated according to the Category Rating Procedures. This means that candidates will be assigned to a pre-defined quality category based on their application and veteran preference. Generally, only candidates in the top quality category will be referred to the hiring manager.

There will be three quality categories: Highly Qualified, Well Qualified and Qualified

Ability To Communicate Effectively Other Than In Writing

REQUIRED DOCUMENTS:

For this job announcement the following documents are required:

1. Your responses to the Occupational Questionnaire

2. Résumé

3. For Veterans: DD-214; For Disabled Veterans: DD-214, SF-15 and VA letter dated 1991 or later (if you are claiming veterans preference)

4.Official/unofficial transcripts will be accepted and/or copy of Certified Public Accountant

or Certified Internal Auditor certification.

AGENCY CONTACT INFO:

Donna M. Quarles

Phone: (202)551-7452

Email: QUARLESD@SEC.GOV

Agency Information:

Office of Human Resources

100 F Street NE

Washington , DC

20549

WHAT TO EXPECT NEXT:

After a review of your résumé, required documents and assessment questionnaire is complete, you will be notified of your rating and or referral to the hiring official. If further evaluation or interviews are required, you will be contacted.

Control Number: 313168000