Quantitative Analyst III/Senior Quantitative Analyst

Philadelphia, PA

Full time

R-0000033823

Company

Federal Reserve Bank of Philadelphia

The Federal Reserve Bank of Philadelphia is one of the 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System. It helps formulate and implement monetary policy, supervises banks and bank and savings and loan holding companies, and provides financial services to depository institutions and the federal government. The Federal Reserve Bank of Philadelphia serves eastern and central Pennsylvania, southern New Jersey, and Delaware.

The Federal Reserve Bank of Philadelphia is seeking to fill a position in the Risk Assessment, Data Analysis and Research (RADAR) group of the Supervision, Regulation, and Credit (SRC) Department.

The job description below reflects the higher level of a dual grade job posting.

Candidates who possess a slightly lower level of experience, education or qualifications may also be considered.

The salary grade (https://www.philadelphiafed.org/-/media/frbp/assets/institutional/careers/frbp-salary-structure.pdf) for this position is: 13/15. Final salary and offer will be determined by the applicant's background, experience and skills, as well as internal equity and alignment with market data.

RADAR provides leadership and expertise to the Federal Reserve System (FRS) on the supervision and regulation of large banking organizations in retail credit risk and fixed income, with particular emphasis on quantitative risk analysis. As the FRS’s premier source of data in consumer credit, real estate, and natural disaster resiliency, the RADAR Data Warehouse (DW) team collects and maintains an array of very large databases and makes them available to analysts and researchers within the FRS. These data include the regulatory FR Y-14M first lien mortgage, home equity and credit card data, as well as a wide range of data acquired from external data vendors, other regulatory agencies, and public data sources. As part of a larger strategic initiative around data acquisition, data management, and consumer credit research, the unit also conducts analysis using these databases.

We are looking for a well-trained and motivated quantitative analyst to support management of these data. In this role, you will serve as a data subject matter expert (SME) and play an integral role in managing data through its lifecycle. You will develop expertise about the data including how it is used in business processes, and you will work closely with technical partners, data vendors, and various FRS stakeholders to deliver high-quality data for use across the FRS. A key part of this role will be applying Artificial Intelligence (AI) to enhance our data management and analytics.

Skills

• You must have a bachelor’s degree in business or quantitative disciplines (such as economics, finance, data science, statistics); an advanced degree is preferred. A minimum of five years of experience in banking, bank supervision, or a finance-related field is required for the higher job grade.

• Experience in using econometric software (such as R, Python) and familiarity with SQL or other analytical tools (e.g. Tableau) is required. Experience with tools such as Databricks, Collibra, Starburst, and AWS cloud platforms is a plus.

• Experience in working with large databases and/or data infrastructure is highly preferred.

• Experience in working with consumer credit and real estate data is a plus.

• Strong verbal and written communications skills are highly preferred.

• Advanced knowledge of artificial intelligence, including generative AI and code assist is a plus.

Key responsibilities

• You will work with technical partners and stakeholders to onboard new data and maintain data changes.

• You will establish data quality checks and resolve data issues.

• You will conduct advanced analytics and/or analytics support for various projects.

• You provide user support to economists and analysts across the FRS as a data and analytics SME.

• You will create and maintain user-facing products (data, documentation, and tools) that provide a streamlined experience to our broad user base.

• You lead and organize FRS training events on data and technology topics as part of our data management services.

You will also support business line engagement with the technical teams to modernize our data infrastructure through cloud-based, end-to-end platform for data management, modeling, and analytics in the coming months. Depending on your expertise and interest, there may be opportunities to collaborate with RADAR economists on policy and research work in the areas of consumer finance, banking supervision, and risk management.

To see full job description, click the link:

https://www.philadelphiafed.org/-/media/FRBP/Assets/Institutional/Careers/Job-Openings/quant-analyst-jd.pdf

We offer a great benefits package that features:

• Medical (4 options), Prescription, Dental (3 options), and Vision Insurance with no waiting period

• 401k/Thrift Plan with generous employer match

• Employer-funded Pension Plan

• Paid Vacation/Sick Time & Holidays

• Monthly $200 Commuter Allowance

• Flexible Spending Accounts and Healthcare Spending Accounts

• Flexible Work Schedule available in most departments

• Life Insurance and Long Term Disability Insurance

• Tuition Reimbursement (undergraduate and graduate)

• Parental Leave

• Free onsite 24/7 Fitness Center including training classes, Peloton bikes and locker room / shower facilities

• Onsite Cafeteria & Coffee Shop

• Additional Convenience Benefits, Discounts and More…

Additional Information:

The Federal Reserve Bank of Philadelphia takes your information privacy seriously. Federal Reserve Bank of Philadelphia staff will only email you from the “@phil.frb.org” domain or through the Workday system “[email protected]”. If you are initially contacted by phone, feel free to request that the caller provide you with their email address to validate their identity. If you have any questions about the validity of someone who contacts you regarding this position, please email the Talent Acquisition team at [email protected]

We are an equal opportunity employer committed to hiring the best candidates and to providing equal employment opportunity to all persons without regard to race, color, religion, sex, pregnancy, national origin, age, genetic information, disability, military service, or any other basis protected by law.

We will ensure that individuals with disabilities are provided reasonable accommodations to participate in the job application or interview process, to perform essential job responsibilities, and to receive other benefits and privileges of employment. If you need assistance or an accommodation due to a disability, please email us at [email protected].

All Federal Reserve Bank of Philadelphia employees must comply with the Bank's ethics rules, which generally prohibit employees, their spouses/domestic partners, and minor children from owning securities, such as stock, of banks or savings associations or their affiliates, such as bank holding companies and savings and loan holding companies. If you or your spouse/domestic partner or minor child own such securities and would not be willing or able to divest them if you accepted an offer of Bank employment, you should raise this issue with the Recruiter for this posting, who can provide you contact information for our ethics officer if necessary. You should review the Bank's Employee Code of Conduct to ensure compliance with conflict of interest rules and personal investment restrictions.

You will be required to complete a background investigation including drug testing as a condition of employment, after the job offer is made. Candidates for positions deemed as "safety sensitive" will also be drug screened for the presence of marijuana. Any hiring decision based on a background investigation will be made following an individualized assessment that is job-related and consistent with business necessity and applicable law. Employment may not begin until the Bank accepts the results of the background investigation.

Due to the nature of the information you will have access to, we require that you also complete a more in-depth enhanced background screening (Peraton moderate or high).

All employees will be subject to FBI fingerprint / criminal background and Patriot Act/ Office of Foreign Assets Control (OFAC) watch list checks at least once every five years.

This position requires access to confidential supervisory information and/or FOMC information, which is limited to “Protected Individuals” as defined in the U.S. federal immigration law. Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, and U.S. permanent residents who either are not yet eligible to apply for naturalization or who have applied for naturalization within the requisite timeframe. Candidates who are permanent residents must sign a declaration of intent to become a U.S. citizen when eligible to do so and pursue a path to citizenship. Candidates who are not U.S. citizens or U.S. permanent residents may be eligible for the information access required for this position if they sign a declaration of intent to become a permanent resident and a U.S. citizen and meet other eligibility requirements. In addition, all candidates must undergo an applicable background check and comply with all applicable information handling rules. Certain eligibility rules apply. You will provide work authorization to prove your eligibility to work in the United States.

The above statements are intended to describe the general nature, level of work and the requirements of this position. They are not intended to be an exhaustive list of all responsibilities associated with this position or the personnel so classified. While this job description is intended to be an accurate reflection of this position, management reserves the right to revise this or any job description at its discretion at any time.

By applying to this position, you agree you will be available to work on-site in a full-time capacity.

Learn more about the Philly Fed and its culture. Learn more about working for the Philly Fed.

#LI-Onsite

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Data Analytics Family Group

Work Shift

First (United States of America)

The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.

Always verify and apply to jobs on Federal Reserve System Careers ( https://rb.wd5.myworkdayjobs.com/FRS ) or through verified Federal Reserve Bank social media channels.

Privacy Notice (https://www.kansascityfed.org/documents/7797/Workday\_Privacy\_Notice.pdf)

OUR BANK has one of the most recognizable brands around the world. The Federal Reserve is the central bank of the United States—one of the world's most influential, trusted and prestigious financial organizations. The Federal Reserve is charged with the important mission of promoting a strong economy and a stable financial system and fulfills this responsibility by formulating national monetary policy, supervising and regulating banks and bank holding companies, and providing financial services for banks and the U.S. government.

OUR PEOPLE are diverse in background and ideas, which allows for ongoing creativity and innovation. Ultimately, they are the ones who push our high-performance, exchange-driven culture forward.

Why Our People Choose Us:

Our reputation precedes us

There will always be room for personal growth

Our people are first

You’ll find the right balance

Your responsibilities will be meaningful

We hope that you will be our future colleague.

Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.

Please check back later for more information on available job opportunities.