Federal Reserve Bank of Philadelphia Financial Economist/Quantitative Specialist Position
The Financial Monitoring Group (FMG) within the Supervision, Regulation and Credit (SRC) department of the Federal Reserve Bank of Philadelphia seeks a motivated quantitative specialist/financial economist to support the monitoring of retail credit risk for the nation’s largest banks. FMG is a unit of the Risk Assessment, Data Analysis and Research (RADAR) group in SRC, which manages the largest collection anywhere of data on U.S. consumer finance and securities markets.
FMG supports large bank supervision through the identification of emerging trends in retail credit using detailed confidential supervisory data. The group also provides quantitative and examination support to Federal Reserve System activities and groups, including the annual Comprehensive Capital Analysis and Review (CCAR) assessment, the Dodd Frank Stress Test (DFAST), the Large Institution Supervision Coordinating Committee (LISCC), and the Large and Foreign Banking Organization (LFBO) management group.
The successful candidate will have retail credit experience, a technical background to conduct modeling and/or research, intellectual curiosity in analyzing rich sources of data on large banks, and the ability to tell the story behind this data in written reports or published research. The ability to manipulate and perform analysis of large datasets is required and experience with a data visualization tool, such as Tableau, is a plus. Finally, the candidate should have strong communication skills and project management skills.
Applicants with an advanced degree in finance, economics, mathematics, statistics or a related quantitative field will be considered for the quantitative specialist position. Applicants with a completed PhD or a firm expectation of defending their PhD by summer 2022 will be considered for the financial economist position.
