Bureau gears up Office of Cost-Benefit Analysis (OCBA) with job posting for director

Reviewing, analyzing and recommending to the director and principal policy staff member cost-benefit analysis of proposed and final rules and actions will be the primary responsibilities of a new “cost-benefit analysis” assistant director of the federal consumer financial protection agency, according to a job description posted Monday.

The position pays between $200,000 to $247,500, according to the posting by the Bureau of Consumer Financial Protection (BCFP, formerly known as the CFPB).

The bureau assistant director would oversee the agency’s Office of Cost Benefit Analysis (OCBA), which in turn would be housed in the office of the BCFP director.

John (“Mick”) Mulvaney is now the acting director of the BCFP. However, the Senate is on the cusp of confirming Kathleen (“Kathy”) Kraninger as permanent director of the agency for a five-year term set to end in 2023.

The OCBA, according to the position description on the BCFP website, would be responsible for “providing economic analysis, including cost-benefit analysis, and assisting in making decisions primarily in response to recommendations from (the agency’s offices of) Research, Markets and Regulations (RMR) and Supervision, Enforcement and Fair Lending (SEFL).”

The director would be responsible for (among other things) review and analysis of Advanced Notices of Proposed Rulemaking (ANPR), Notices of Proposed Rulemaking (NPR) or final rules issued by the RMR and SEFL offices. “These duties and responsibilities include, but are not limited to, reviewing, analyzing, and making recommendations concerning RMR’s data, analysis, and conclusions to comply with the requirements of Section 1022(b)(2) of the Dodd-Frank Act, the Regulatory Flexibility Act, as amended by the Small Business Regulatory Enforcement Fairness Act, Paperwork Reduction Act, and the Congressional Review Act,” the job description states.

The closing date for the position is Dec. 7, the job description states.

Assistant Director, Office of Cost-Benefit Analysis