Senior Regulatory Economist

Senior Regulatory Economist

This position requires an active Secret clearance.

Cherokee Insights is seeking a Senior Regulatory Economist to provide regulatory impact and analytical economic support services to FinCEN. The Regulatory Economist will be working full time on site.

Compensation & Benefits:

Estimated Starting Salary Range for Senior Regulatory Economist: $150,000 - $165,000 

Pay commensurate with experience.

Full time benefits include Medical, Dental, Vision, 401K, and other possible benefits as provided.  Benefits are subject to change with or without notice.

Senior Regulatory Economist Responsibilities Include: 

• Review and analyze proposed FinCEN actions, policies, and regulations with a specific focus on the economic impacts of those regulations, including the impact on small businesses under the Regulatory Flexibility Act (RFA).
• Conduct economic analyses to assess the financial impacts and associated burdens of FinCEN’s regulatory actions, policies, and regulations.
• Serve as a subject matter expert with respect to RIAs underpinning FinCEN’s regulations, researching, writing and reviewing RIAs associated with the Bank Secrecy Act (BSA), including Anti-Money Laundering Act of 2020 (AMLA) regulations in compliance with technical administrative requirements and procedures.
• Draft the regulatory impact analysis sections of FinCEN’s regulations, following the format and requirements established by the Office of Management and Budget (OMB).
• Work closely with policy makers and regulatory drafters across FinCEN to ensure that the RIA reflects the policies and regulations.
• Keep abreast of legal and legislative developments and provide technical assistance, as applicable, regarding the drafting of laws and legislation.
• Participate in the analysis of draft and enacted legislation to identify any need for regulatory change or the issuance of additional guidance.
• Recommend a path forward to implement relevant legislation, including identifying roles and responsibilities.
• Provide analytical support for FinCEN’s Office of Regulatory Policy and other FinCEN regulatory initiatives.
• Analyze large datasets from government and non-government sources to provide insight into regulatory impacts and for use in FinCEN regulatory and other products.
• Present and promote research, statistics and RIA findings to stakeholders and policymakers at conferences, meetings, and other fora, as needed.
• Engage with potential stakeholders to get the data necessary to conduct a thorough regulatory impact analysis that comports with statutory requirements and relevant Executive orders.
• Meet and conduct outreach with stakeholders as needed to understand their economic impacts and perspectives on federal regulatory matters.
• Work with FinCEN leadership, FinCEN Policy Division staff, and other FinCEN divisions as needed, to communicate economic analyses of federal policies and regulations.
• Support the planning, coordination, and organization of meetings and presentations involving important internal and external officials, assisting in the development of the agenda, identifying the roles of the participants, and, as appropriate, preparing briefing materials.
• Performs other job-related duties as assigned

Senior Regulatory Economist Experience, Education, Skills, Abilities requested: 

• Active Secret Clearance
• Minimum of five (5) years of relevant work experience.
• Strong analytical ability and understanding of economics and policy analysis.
• Mastery of economics, with expertise in the areas of policy modeling and applied economic statistics. 
• Strong familiarity with fields of economics including regulatory economics, financial institutions, and financial markets.
• Ability to analyze and interpret complex information from diverse data sources.
• Knowledge of the federal rulemaking process including, but not limited to, participating in interagency review or the drafting and evaluating of regulatory impact analyses, and the application of economic concepts to regulations and policy.
• Experience with financial data, analytical, statistical, or data visualization software, such as Bloomberg Professional Services, Hayer Ana