Company Federal Reserve Bank of Philadelphia The Quantitative Analyst II will work closely with our senior economic advisor to assist with fintech research and policy analysis.
Our research has explored relevant emerging fintech issues, such as the roles of alternative data in credit decisions, the roles of fintech in consumer credit access and small business lending, the impact of fintech partnership (or vendor relationship) with our supervised banking institutions, and the impact of fintech growth and digitization in the banking sector.
Our fintech research, thought leadership, policy discussion, and outreach activities would also support the overall FRS initiatives in thinking about the future of banking supervision and regulation, using SupTech/RegTech.
The successful candidate will have at least 3 years of experience in data analysis, with strong background in coding, intellectual curiosity, attention to details, and ability to manipulate and perform analysis of large complex datasets.
This position requires access to confidential supervisory information and/or FOMC information, which is limited to “Protected Individuals” as defined in the U.S.
federal immigration law.
Protected Individuals include, but are not limited to, U.S.
citizens, U.S.
nationals, and 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.
Candidates who are not U.S.
citizens or U.S.
permanent residents may be eligible for the information access required for this position if they sign a declaration of intent to become a permanent resident and a U.S.
citizen and meet other eligibility requirements.
In addition, all candidates must undergo an applicable background check and comply with all applicable information handling rules.
To be considered for the position, please submit a resume and cover letter.
About the 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.
A requirement of this position is that the employee must be fully vaccinated against COVID-19 or qualify for an accommodation due to medical condition or sincerely held religious belief.
Background investigations including drug testing are required for all new hires as a condition of employment, after the job offer is made.
Employment may not begin until the Bank accepts the results of the background investigation.
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.
This Job Description is within Quantitative Analytics Job Family and is aimed primarily for positions within the Financial Monitoring Group (FMG), Retail Risk Analysis (RRA), and Risk Assessment, Data Analysis and Research (RADAR) business lines; but could include anyone within Supervision Regulation and Credit that performs these tasks.
An ideal candidate must have knowledge of and be able to perform actions that are related to activities in the designated business line.
The Quantitative Analyst II will work closely with our senior economic advisor to assist with fintech research and policy analysis.
Our research has explored relevant emerging fintech issues, such as the roles of alternative data in credit decisions, the roles of fintech in consumer credit access and small business lending, the impact of fintech partnership (or vendor relationship) with our supervised banking institutions, and the impact of fintech growth and digitization in the banking sector.
Our fintech research, thought leadership, policy discussion, and outreach activities would also support the overall FRS initiatives in thinking about the future of banking supervision and regulation, using SupTech/RegTech.
The successful candidate will have at least 3 years of experience in data analysis, with strong background in coding, intellectual curiosity, attention to details, and ability to manipulate and perform analysis of large complex datasets.
This position requires access to confidential supervisory information and/or FOMC information, which is limited to “Protected Individuals” as defined in the U.S.
federal immigration law.
Protected Individuals include, but are not limited to, U.S.
citizens, U.S.
nationals, and 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.
Candidates who are not U.S.
citizens or U.S.
permanent residents may be eligible for the information access required for this position if they sign a declaration of intent to become a permanent resident and a U.S.
citizen and meet other eligibility requirements.
In addition, all candidates must undergo an applicable background check and comply with all applicable information handling rules.
To be considered for the position, please submit a resume and cover letter.
About the 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.
To see the full job description, click the link: Federal Reserve System Careers
– Workday (myworkdayjobs.com) To apply, go to: https://www.philadelphiafed.org/careers/search-for-jobs for the Quantitative Analyst II position.
We offer a great benefits package that features: Medical (4 options), Prescription, Dental (3 options), and Vision Insurance 401k/Thrift Plan with generous employer match Employer-funded Pension Plan Paid Vacation/Sick Time& Holidays Monthly Commuter Allowance Flexible Spending Accounts and Healthcare Spending Accounts Flexible Work Schedule available in most departments Tuition Reimbursement Parental Leave Onsite 24/7 Fitness Center including training classes, Peloton bikes and locker room / shower facilities Onsite Cafeteria and Coffee Shop Additional convenience benefits, discounts and more… The Federal Reserve Bank of Philadelphia believes that diversity and inclusion among our employees is essential to our success as an organization, and we want to recruit, develop and retain the most accomplished people from a diverse candidate pool.
To support a workplace culture of belonging, we offer seven 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.
We will ensure that individuals with disabilities are provided reasonable accommodations to participate in the job application or interview process, to perform essential job responsibilities, and to receive other benefits and privileges of employment.
A requirement of this position is that you will be fully vaccinated against COVID-19 or qualify for a medical or religious accommodation.
All Federal Reserve Bank of Philadelphia employees must comply with the Bank’s ethics rules, which generally prohibit employees, their spouses/domestic partners, and minor children from owning securities, such as stock, of banks or savings associations or their affiliates, such as bank holding companies and savings and loan holding companies.
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.
Background investigations and drug testing are required for all new hires as a condition of employment, after the job offer is made.
Employment may not begin until the Bank accepts the results of the background investigation.
All employees will be subject to FBI fingerprint / criminal background and Patriot Act/ Office of Foreign Assets Control (OFAC) watch list checks at least once every five years.
The above statements are intended to describe the general nature, level of work and the requirements of this position.
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.
This is not a 100% remote opportunity.
You will be available to work on-site in at least a hybrid capacity.
Learn more about the Philly Fed and its culture.
Learn more about working for the Philly Fed.
Full Time / Part Time Full time Regular / Temporary Regular Job Exempt (Yes / No) Yes Job Category Bank Examination 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.
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