Senior Quantitative Analyst/ Financial Economist

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. Job Summary : We are looking for a candidate to join the Stress Test Retail Supervisory Modeling Team, a collaborative team of financial economists and quantitative analysts.

We are seeking either a Senior Quantitative Analyst or a Financial Economist for the role.

Both positions are expected to serve as an advanced technical SME within an assigned risk area and are expected to contribute to System projects related to stress test modeling, analyzing financial institution portfolios, and model risk management.

Additional responsibilities may include evaluating trends in the banking industry, identifying factors that pose risk to the financial system, and communicating relevant findings to internal stakeholders. Financial economists also conduct original research for publication in academic and professional journals, particularly in the areas of retail credit risk, household finance, the interaction between economic indicators and credit risk, and financial regulatory policy.

For economists, the position offers strong research support, including a high-performing computer environment, access to proprietary data available only to researchers within the Federal Reserve System.

There are opportunities for professional training, and the Bank provides support for travel to academic and industry conferences. What You Will Do :

• Develop and implement supervisory retail loss models used in the annual Stress Test exercise.
• Manage large and complex datasets utilizing tools such as R, Stata, Python, SAS, and a High Performing Cluster Computer Environment.

When required, learn additional software packages and database systems.

Job experience requirements can be supplemented with advanced degrees in a quantitative or business discipline.

in finance, economics, or a related field, with strong hands-on quantitative skills required.

or expect to complete it by Summer 2025.

Complex diagnostic and root cause analysis skills to identify direct and indirect causes of problems of unknown origin; gathers tangible and factual evidence from many sources; recognizes symptoms that may indicate severe problems or issues; organizes data and information in a manner that effectively communicates issues and underlying causes.

Citizen, U.S.

National or 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.

You will be available to work on-site in a hybrid capacity. The salary grade for this position is : 15 / 16.

Final salary and offer will be determined by the applicant’s background, experience, and skills, and internal equity and alignment with market data. We offer a great benefits package that features :

To support a workplace culture of belonging, we offer eight employee resource groups (ERGs) and a 100 percent rating on the Human Rights Campaign (HRC) Corporate Equality Index.

The Federal Reserve Bank of Philadelphia is proud to be an equal opportunity workplace.

Abilities (supporting disabilities and allies), African Heritage, Asian-Pacific, Freedom (supporting LQBTQ and allies), Talent Forward (supporting career growth), Women United, Working Families and Veterans.

ERGs are open to all employees.

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.

Candidates for positions deemed as "safety sensitive" will also be screened for the presence of marijuana.

Employment may not begin until the Bank accepts the results of the background investigation.

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.

You will be available to work on-site in at least a hybrid capacity.

Learn more about working for the Philly Fed. Full Time / Part Time Full time Regular / Temporary Regular Job Exempt (Yes / No) Yes Job Category Data Analytics Family Group, Economics / Research Family Group Work Shift First (United States of America) The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool.

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

Salary : $100