Quantitative Analyst III/Senior Quantitative Analyst

Federal Reserve Bank of Philadelphia; Philadelphia (Philadelphia County); On-site; USD 90,000 - 140,000; Full time

Job summary

Federal Reserve Bank of Philadelphia is seeking a professional to join the RADAR group within the SRC Department. The role focuses on risk assessment, data analysis, and research, supporting quantitative risk analysis and the bank's data warehouse with large databases and external data sources.

The position is posted at a dual grade (13/15); final salary will be determined by background, experience, internal equity, and market data.

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.

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