The Treasury Department plans to establish a committee of experts to aid the new Office of Financial Research (OFR) as it carries out its responsibilities under the Dodd-Frank Act.
According to a March 22 notice published in the Federal Register, the Financial Research Advisory Committee will be comprised of academics, researchers, industry leaders and others who will offer their views to the OFR as it works to collect and standardize data on financial institutions. As mandated by Title I of the Dodd-Frank Act, the OFR's work will support the Financial Stability Oversight Council, a federal panel tasked with identifying potential threats to the stability of the U.S. financial system.
The committee will comprise recognized experts in the fields of economics, financial institutions and markets, statistical analysis, financial markets analysis, econometrics, applied sciences, risk management, data, information standards, technology or other areas related to OFR's duties. Members may also represent sectors related to OFR's duties.
“Members should also have experience as a widely-recognized academic or research expert in a field related to OFR's duties and authorities, as a senior leader or respected professional within an industry sector related to OFR's duties and authorities, or as a financial regulator or official in an area related to OFR's duties and authorities,” the notice stated.
The committee will have up to 30 members and will function for a period of at least two years.
Applicants may send a cover letter describing their interest, reasons for application and qualifications, and should enclose a complete professional biography or resume.
Applications are due by April 16.
Submit an application