Quantitative Analyst III/Senior Quantitative Analyst

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.

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.

• 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 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.

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.

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 “rb@myworkday.com”. 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 TalentAcquisition@phil.frb.org

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 TalentAcquisition@phil.frb.org.

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. perma