Call it a new round of bailouts.  The SEC and CFTC are planning on hiring some of the Wall Streeters hit by the layoffs hitting the industry this year. Thanks to the enactment of Dodd-Frank, the two agencies plan on hiring at least 2,000 by October 2012.

After nearly a year of lag time between the passage of Dodd-Frank and congressional agreement on how to fund the reforms, hiring is expected to ramp up at the federal regulators. Here's a quick breakdown of who's hiring and what they're looking for.

FPB. The Consumer Financial Protection Bureau, created last year, currently has a staff of about 500. All six divisions in the agency have openings. Those include Consumer Engagement and Education, Supervision, Fair Lending and Enforcement, and External Affairs.  By the end of this month the agency plans on hiring 250 people, and wants a staff of 1,200 by September next year. The agency is very interested in candidates with finance experience, and has filled numerous positions with people plucked off Wall Street.

SEC. The commission wants to hire 780 people within the next year. According to a budget request, 312 positions are for core operations like analysis and oversight. The other 468 would be tasked with implementing new reforms relating to the derivatives market, hedge fund oversight and whistle-blowing.  The agency is expected to hire staffers with experience in derivatives, credit default swaps, collateralized debt obligations and securitized products, as well as compliance officers.

CFTC. The agency has 675 employees right now, and wants to add 308 by October next year. The agency's mission has expanded greatly with recent reforms, and needs to hire examiners, economists, analysts and audit staff.

OCC. The OCC generally hires between 100 and 150 staffers every year, and is currently readying itself for its fall hiring that begins in September. The agency is hiring bank examiners to work across a variety of sectors, such as asset management, capital markets, compliance and credit.

FDIC. The commission's Office of Complex Financial Institutions is hiring, although an exactly how many positions are left is unknown. The OCFI is tasked with monitoring and detecting risks among the largest, most systematically important financial institutions. Applicants should have experience in supervising and monitoring large complex financial institutions both domestic and international.  

[FINS, 8/24/11]