Quantitative Analyst III/Senior Quantitative Analyst

Federal Reserve Bank of Philadelphia•Philadelphia, PA

1d•Onsite

About The Position

The Federal Reserve Bank of Philadelphia is hiring a quantitative analyst for the Risk Assessment, Data Analysis and Research (RADAR) group within the Supervision, Regulation, and Credit Department. RADAR provides expertise to the Federal Reserve System on supervision and regulation of large banking organizations, with a focus on retail credit risk, fixed income, and quantitative risk analysis. Its Data Warehouse team manages large databases covering consumer credit, real estate, and natural disaster resiliency, including regulatory mortgage, home equity, and credit card data, as well as information from external vendors, regulatory agencies, and public sources. The analyst will support management of these data, serve as a data subject matter expert, and help manage data throughout its lifecycle. The role includes developing expertise in how the data are used in business processes and working with technical partners, vendors, and Federal Reserve System stakeholders to provide high-quality data. Applying artificial intelligence to improve data management and analytics is an important part of the position. The posting is for a dual-grade role; candidates with somewhat less experience, education, or qualifications may also be considered. This is a full-time, regular, exempt position requiring on-site work. The schedule is first shift. Candidates must meet the position's access eligibility requirements for confidential supervisory or FOMC information, provide U.S. work authorization, and complete required background screening.

Requirements

Bachelor's degree in business or a quantitative discipline such as economics, finance, data science, or statistics.
For the higher job grade, at least five years of experience in banking, bank supervision, or a finance-related field.
Experience using econometric software such as R or Python.
Familiarity with SQL or other analytical tools such as Tableau.
Ability to work on-site full-time.
Eligibility to access confidential supervisory information and/or FOMC information under applicable U.S. federal immigration rules.
U.S. work authorization and successful completion of required background screening.

Nice To Haves

An advanced degree.
Experience with Databricks, Collibra, Starburst, or AWS cloud platforms.
Experience working with large databases and/or data infrastructure.
Experience working with consumer credit and real estate data.
Strong verbal and written communication skills.
Advanced knowledge of artificial intelligence, including generative AI and code assist.

Responsibilities

Support management of large datasets used across the Federal Reserve System.
Serve as a data subject matter expert and manage data through its lifecycle.
Develop expertise in the data, including how it is used in business processes.
Work with technical partners, data vendors, and Federal Reserve System stakeholders to deliver high-quality data.
Apply artificial intelligence to enhance data management and analytics.

Benefits

Medical insurance with four options, prescription coverage, dental insurance with three options, and vision insurance, with no waiting period.
401(k)/Thrift Plan with generous employer match.
Employer-funded pension plan.
Paid vacation, sick time, and holidays.
Monthly $200 commuter allowance.
Flexible spending and healthcare spending accounts.
Flexible work schedule available in most departments.
Life insurance and long-term disability insurance.
Tuition reimbursement for undergraduate and graduate study.
Parental leave.
Free onsite 24/7 fitness center with training classes, Peloton bikes, and locker room/shower facilities.
Onsite cafeteria and coffee shop.
Additional convenience benefits and discounts.