Consumer Finance Institute - Senior Research Assistant (Evergreen)

Federal Reserve Bank of Philadelphia; Philadelphia (Philadelphia County); On-site; USD 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a motivated Senior Research Assistant to join its Consumer Finance Institute. This role offers a unique opportunity to engage in advanced statistical analyses, database management, and content creation for various platforms. Ideal candidates will have a strong background in quantitative disciplines and programming, with the chance to enhance their skills in economics and public policy. This position not only prepares you for a successful career in economics but also offers a collaborative environment that fosters professional growth. If you're passionate about research and eager to contribute to impactful projects, this is the perfect opportunity for you.

Benefits

Comprehensive health insurance options

401k with employer match

Pension plan

Paid time off and holidays

Monthly commuter allowance

Flexible spending accounts

Flexible work schedule

Life and disability insurance

Tuition reimbursement

Onsite fitness center

Qualifications

• Experience in statistical software and database management.
• Strong communication skills and familiarity with consumer credit data.

Responsibilities

• Perform advanced statistical analyses and manage databases.
• Create content for internal and external websites.

Skills

Statistical Analysis

Communication Skills

Programming (R, Python)

Database Management (SQL, Hive/Postgres)

Econometrics

Education

Undergraduate Degree in Quantitative Discipline

Graduate Degree in Quantitative Discipline

Tools

R

Stata

Python

SQL

ArcGIS

Hadoop/Spark

MS Office

Job description

Company

Federal Reserve Bank of Philadelphia

Job Summary:

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 Consumer Finance Institute (CFI) seeks a well-trained and motivated senior research assistant to support the research of its staff and visiting scholars.

This position offers opportunities to increase knowledge of economics, markets, public policy, and empirical techniques, with potential training in software and programming languages, as well as economics, statistics, and mathematics courses. With experience and demonstrated skills, there may be opportunities for self-directed research leading to reports. Typically, RAs work at the Philadelphia Fed for three years before pursuing graduate studies or careers in economics or related fields.

Previous Senior Research Assistants have advanced to top graduate schools, other departments within the Bank, or positions in consulting, industry, and other Reserve Banks.

Job Description:

You will perform advanced statistical and quantitative analyses, develop and manage databases, and create content for internal and external websites.

Requirements include an undergraduate or graduate degree in a quantitative discipline (economics, finance, mathematics, etc.), two or more years of programming experience, and strong communication skills. Familiarity with data related to consumer credit and payments, and courses in statistics, econometrics, or mathematics are required. Experience with statistical software (R, Stata, Python), database software (SQL, Hive/Postgres), mapping software (ArcGIS), and Hadoop/Spark is preferred. Proficiency with MS Office is expected.

The salary grade for this position is 10/11. Final salary depends on experience, skills, and internal equity.

This is an evergreen posting for immediate openings in July/August.

About the Consumer Finance Institute:

Launched in 2017, the CFI builds on decades of research to produce leading-edge research on credit markets and payment systems, fostering collaboration among scholars, industry, and public sector entities. More info at https://www.philadelphiafed.org/consumer-finance.

Application Process:

Apply at http://www.philadelphiafed.org/careers. Upload a cover letter, resume, official transcript, and at least two references. A writing sample is optional.

Benefits:

• Comprehensive health insurance options
• 401k with employer match
• Pension plan
• Paid time off and holidays
• Monthly commuter allowance
• Flexible spending accounts
• Flexible work schedule
• Life and disability insurance
• Tuition reimbursement
• Parental leave
• Onsite fitness center
• Cafeteria and coffee shop
• Additional benefits and discounts

Additional Information:

• Ensure communication from official Fed domains
• Equal employment opportunity statement
• Accommodations for disabilities
• Compliance with ethics rules and background checks
• Eligibility to work in the U.S.
• Position requires on-site/hybrid work

Position Details:

Full-time, regular, exempt, in the Economics/Research family, first shift.

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