Quantitative Analyst III/Senior Quantitative Analyst

Federal Reserve Bank of Minneapolis; Philadelphia (Philadelphia County); On-site; USD 100,000 - 160,000; Full time

Benefits offered by this job

Medical insurance

Prescription coverage

Dental coverage

Vision insurance

401k plan

Pension plan

Vacation/Sick time & holidays

Commuter allowance

Flex benefits

Job summary

The Federal Reserve Bank of Philadelphia is seeking a quantitative analyst in the RADAR Data Warehouse team within the SRC Department. You will serve as a data subject matter expert and manage data through its lifecycle, onboarding new data and delivering high-quality datasets for economists and analysts.

A key focus is applying Artificial Intelligence to enhance data management and analytics across datasets and projects.

Qualifications

• Bachelor’s in business or quantitative fields; advanced degree preferred.
• Minimum five years in banking, bank supervision, or finance-related field for higher grade.
• Experience with econometric software (R, Python) and analytical tools (SQL/Tableau).

Responsibilities

• Onboard new data and maintain data changes with stakeholders.
• Establish data quality checks and resolve data issues.
• Conduct advanced analytics for various projects.
• Provide data and analytics SME support to economists and analysts.
• Create and maintain user-facing data products and tools.
• Lead data/tech training events and engage with business lines.

Skills

R/Python

SQL

Tableau

Databricks

Cloud AWS

Data management

Education

Bachelor's degree in business or quantitative fields

Advanced degree preferred

Tools

Databricks

Collibra

Starburst

AWS

Job description

Company

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.

RADAR Group

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 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.

Position Overview

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

Benefits package

• Medical (4 options)
• Prescription
• Dental (3 options)
• 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
• Flex