Regulatory Economist

Cherokee Federal•Washington, DC

8d•$150,000 - $165,000•Onsite

About The Position

Cherokee Insights, part of Cherokee Federal, is seeking a Regulatory Economist to provide regulatory impact and analytical economic support services to FinCEN. The position is full time and on site in Washington, DC, and requires an active Secret clearance. The government contract restricts eligibility to U.S. citizens or legal permanent residents who can provide documentation; the posting also states that applicants must be U.S. citizens. The Regulatory Economist reviews proposed FinCEN actions, policies, and regulations, assessing economic impacts and burdens, including impacts on small businesses under the Regulatory Flexibility Act. The role researches, writes, and reviews regulatory impact analyses (RIAs) associated with the Bank Secrecy Act and Anti-Money Laundering Act of 2020 regulations, and drafts RIA sections in accordance with Office of Management and Budget requirements. The economist works with FinCEN policymakers and regulatory drafters to ensure analyses accurately reflect policy and regulatory proposals. The position also supports FinCEN’s Office of Regulatory Policy and other regulatory initiatives; analyzes large datasets from government and non-government sources; monitors legal and legislative developments; and assesses draft and enacted legislation for regulatory changes or additional guidance. The economist engages stakeholders to gather data and understand economic impacts, presents research and findings to stakeholders and policymakers, communicates analyses across FinCEN, and helps coordinate meetings, presentations, agendas, participant roles, and briefing materials. Other job-related duties may be assigned. The role requires at least five years of relevant work experience, strong knowledge of economics and policy analysis, and familiarity with federal rulemaking and applicable statutes and executive orders. Work is performed primarily in a climate-controlled environment. The position may involve prolonged periods sitting at a desk and working on a computer, with occasional standing or moving around the office for extended periods.

Requirements

At least five years of relevant work experience.
Strong analytical ability and understanding of economics and policy analysis.
Ability to analyze and interpret complex information from diverse data sources.
Experience with financial data, analytical, statistical, or data visualization software, such as Bloomberg Professional Services, Hayer Analytics, Microsoft Excel, Tableau, SAS, Stata, R, and/or Python.
Mastery of economics, with expertise in policy modeling and applied economic statistics.
Knowledge of the federal rulemaking process, including interagency review, drafting and evaluating RIAs, and applying economic concepts to regulations and policy.
Familiarity with the Administrative Procedure Act, Paperwork Reduction Act, Regulatory Flexibility Act, Unfunded Mandates Act, and executive orders relevant to the regulatory and guidance process.
Ability to conceive, develop, and oversee high-quality written products, including guidelines and comments on proposed policies, programs, regulations, issues, and analyses.
Strong familiarity with regulatory economics, financial institutions, and financial markets.
Must be a U.S. citizen; the government contract also requires U.S. citizenship or legal permanent residency with documentation.
Must hold an active Secret clearance.
Must pass pre-employment qualifications of Cherokee Federal.

Responsibilities

Review and analyze proposed FinCEN actions, policies, and regulations, focusing on economic impacts, including impacts on small businesses under the Regulatory Flexibility Act.
Conduct economic analyses of the financial impacts and associated burdens of FinCEN regulatory actions, policies, and regulations.
Research, write, and review regulatory impact analyses associated with the Bank Secrecy Act and Anti-Money Laundering Act of 2020 regulations, meeting technical administrative requirements and procedures.
Draft regulatory impact analysis sections of FinCEN regulations in the format and according to requirements established by the Office of Management and Budget.
Work with FinCEN policymakers and regulatory drafters to ensure RIAs reflect the policies and regulations.
Monitor legal and legislative developments and provide technical assistance regarding drafting laws and legislation, as applicable.
Analyze draft and enacted legislation to identify needs for regulatory changes or additional guidance.
Recommend implementation paths for relevant legislation, including identifying roles and responsibilities.
Provide analytical support for FinCEN’s Office of Regulatory Policy and other regulatory initiatives.
Analyze large datasets from government and non-government sources to assess regulatory impacts and inform FinCEN products.
Present and promote research, statistics, and RIA findings to stakeholders and policymakers at conferences, meetings, and other forums as needed.
Engage potential stakeholders to obtain data needed for thorough regulatory impact analyses that comply with statutory requirements and relevant executive orders.
Conduct stakeholder outreach to understand economic impacts and perspectives on federal regulatory matters.
Communicate economic analyses of federal policies and regulations to FinCEN leadership, Policy Division staff, and other divisions.
Support planning, coordination, and organization of meetings and presentations involving internal and external officials, including agenda development, participant roles, and briefing materials as appropriate.
Perform other job-related duties as assigned.