A Treasury office created to support financial stability oversight said it will accept applications from experts in a broad range of fields (economics, financial institutions, technology, etc.) to membership in its advisory committee until Sept. 9, according to a notice in the Federal Register Friday.
The Treasury Office of Financial Research (OFR), created to support the work of the Financial Stability Oversight Council (OFAC) and member agencies, receives advice and recommendations related to this work from the Financial Research Advisory Committee (FRAC). FRAC provides advice, recommendations, analysis, and information directly to the OFR, and the OFR may share the committee’s advice and recommendations with the Treasury secretary or other Treasury officials.
The OFR, in a blog post also Friday, said it is seeking applications from experts in:
- economics, financial institutions and markets;
- statistical analysis, financial markets analysis, econometrics;
- data management, information standards, and technology;
- emerging risks to financial stability, such as cryptocurrency, cybersecurity, and climate change; or
- other areas related to OFR’s duties and authorities.
New members will be appointed for three-year terms, it said.
To apply, an applicant must submit an appropriately detailed resume and a cover letter describing their interest, reasons for application, and qualifications, the notice states. Applications should be sent by email to OFR_FRAC@ofr.treasury.gov.