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https://philadelphiafed.org
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The Philadelphia Federal Reserve Bank's website, philadelphiafed.org, provides valuable information on economic research, analysis, and data that influence monetary policy decisions. It offers a wide range of resources including research reports, economic indicators, and analysis on various sectors of the economy. The site also features educational materials, events, and resources for consumers, businesses, and policymakers. With a focus on promoting economic growth and stability in the region and beyond, the Philadelphia Fed's website serves as a valuable tool for staying informed on the latest economic trends and developments.
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CityBrooklyn, New York
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Latitude\Longitude40.6643 / -73.9763 Google Map
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Traffic rank#44,210 Site Rank
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Site age21 yrs old
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Site Owner informationWhois info
Website is Safe
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#44,210
#44,210
Site age
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21 yrs
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Popular Questions for Federal Reserve Ban…
Newest job postings for Federal Reserve Ban…
via Recruit.net
posted_at: 14 hours agoschedule_type: Part-time
Company
Federal Reserve Bank of PhiladelphiaThe successful candidate will support the department’s research projects related to community development, responsibilities include literature review, descriptive statistical analysis, and writing/editing draft reports on bank branch closures or other research projects.
The candidate will also be responsible for updating the Bank’s community profiles... which appear on the public website. Community profiles
Company
Federal Reserve Bank of PhiladelphiaThe successful candidate will support the department’s research projects related to community development, responsibilities include literature review, descriptive statistical analysis, and writing/editing draft reports on bank branch closures or other research projects.
The candidate will also be responsible for updating the Bank’s community profiles... which appear on the public website. Community profiles are useful for banks and other stakeholders in identifying the credit and investment needs of their communities, the funding sources available to meet those needs, and the organizations providing services to low- and moderate-income communities in each region.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 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 a recent college graduate student or a Graduate level student for a summer internship in the bank’s Community Development Regional Outreach department. Students majoring in Economics, Public Policy, Urban Planning, and other related studies will be considered. Internships are generally a 10-week program. This is a paid internship.
Duties and Responsibilities:
The successful candidate will support the department’s research projects related to community development, responsibilities include literature review, descriptive statistical analysis, and writing/editing draft reports on bank branch closures or other research projects.
The candidate will also be responsible for updating the Bank’s community profiles, which appear on the public website. Community profiles are useful for banks and other stakeholders in identifying the credit and investment needs of their communities, the funding sources available to meet those needs, and the organizations providing services to low- and moderate-income communities in each region.
Required Skills:
Experience with or familiarity of programming languages such as R, SAS, or STATA
Experience working with large datasets
Ability to write clearly and communicate technical concepts to lay audiences
Proficient in Microsoft Office Suite (Outlook, Excel, Word, PowerPoint)
Attention to detail, problem solving, and priority setting
Knowledge of or demonstrated interest in community development preferred
Other:
Sitting at a computer for long periods of time.
The Federal Reserve Bank of Philadelphia believes that diversity, equity 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 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.
We have eight employee resource groups (ERGs) to support a diverse workforce. Abilities (supporting disabilities and allies), African Heritage, Asian-Pacific, Freedom (supporting LGBTQ+ and allies), Talent Forward (supporting career growth), Women United, Working Families and Veterans. ERGs are open to all employees.
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 full 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. 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.
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.
Certain eligibility rules apply. Applicants must be able to provide work authorization to prove their eligibility to work in the United States.
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 the Philly Fed and its culture. Learn more about for the Philly Fed.
Full Time / Part Time
Part time
Regular / Temporary
Temporary
Job Exempt (Yes / No)
No
Job Category
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.*
OUR BANK has one of the most recognizable brands around the world. The Federal Reserve is the central bank of the United States—one of the world's most influential, trusted and prestigious financial organizations. The Federal Reserve is charged with the important mission of promoting a strong economy and a stable financial system and fulfills this responsibility by formulating national monetary policy, supervising and regulating banks and bank holding companies, and providing financial services for banks and the U.S. government.
OUR PEOPLE are diverse in background and ideas, which allows for ongoing creativity and innovation. Ultimately, they are the ones who push our high-performance, exchange-driven culture forward.
Why Our People Choose Us:
Our reputation precedes us
There will always be room for personal growth
Our people are first
You’ll find the right balance
Your responsibilities will be meaningful
We hope that you will be our future colleague Show more details...
Federal Reserve Bank of PhiladelphiaThe successful candidate will support the department’s research projects related to community development, responsibilities include literature review, descriptive statistical analysis, and writing/editing draft reports on bank branch closures or other research projects.
The candidate will also be responsible for updating the Bank’s community profiles... which appear on the public website. Community profiles are useful for banks and other stakeholders in identifying the credit and investment needs of their communities, the funding sources available to meet those needs, and the organizations providing services to low- and moderate-income communities in each region.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 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 a recent college graduate student or a Graduate level student for a summer internship in the bank’s Community Development Regional Outreach department. Students majoring in Economics, Public Policy, Urban Planning, and other related studies will be considered. Internships are generally a 10-week program. This is a paid internship.
Duties and Responsibilities:
The successful candidate will support the department’s research projects related to community development, responsibilities include literature review, descriptive statistical analysis, and writing/editing draft reports on bank branch closures or other research projects.
The candidate will also be responsible for updating the Bank’s community profiles, which appear on the public website. Community profiles are useful for banks and other stakeholders in identifying the credit and investment needs of their communities, the funding sources available to meet those needs, and the organizations providing services to low- and moderate-income communities in each region.
Required Skills:
Experience with or familiarity of programming languages such as R, SAS, or STATA
Experience working with large datasets
Ability to write clearly and communicate technical concepts to lay audiences
Proficient in Microsoft Office Suite (Outlook, Excel, Word, PowerPoint)
Attention to detail, problem solving, and priority setting
Knowledge of or demonstrated interest in community development preferred
Other:
Sitting at a computer for long periods of time.
The Federal Reserve Bank of Philadelphia believes that diversity, equity 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 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.
We have eight employee resource groups (ERGs) to support a diverse workforce. Abilities (supporting disabilities and allies), African Heritage, Asian-Pacific, Freedom (supporting LGBTQ+ and allies), Talent Forward (supporting career growth), Women United, Working Families and Veterans. ERGs are open to all employees.
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 full 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. 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.
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.
Certain eligibility rules apply. Applicants must be able to provide work authorization to prove their eligibility to work in the United States.
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 the Philly Fed and its culture. Learn more about for the Philly Fed.
Full Time / Part Time
Part time
Regular / Temporary
Temporary
Job Exempt (Yes / No)
No
Job Category
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.*
OUR BANK has one of the most recognizable brands around the world. The Federal Reserve is the central bank of the United States—one of the world's most influential, trusted and prestigious financial organizations. The Federal Reserve is charged with the important mission of promoting a strong economy and a stable financial system and fulfills this responsibility by formulating national monetary policy, supervising and regulating banks and bank holding companies, and providing financial services for banks and the U.S. government.
OUR PEOPLE are diverse in background and ideas, which allows for ongoing creativity and innovation. Ultimately, they are the ones who push our high-performance, exchange-driven culture forward.
Why Our People Choose Us:
Our reputation precedes us
There will always be room for personal growth
Our people are first
You’ll find the right balance
Your responsibilities will be meaningful
We hope that you will be our future colleague Show more details...
via Recruit.net
posted_at: 2 days agoschedule_type: Contractor
* Answer user questions
• Manage user access
• Educate users on data terms of use based on comprehensive, practical understanding of terms from contracts and other sources...
• Develop and maintain terms of use agreements and other related materials
• Deliver group training as well as one-on-one sessions
• Clear work products (such as research papers) for data considerations/accordance with terms of use prior to external release
• Read
* Answer user questions
• Manage user access
• Educate users on data terms of use based on comprehensive, practical understanding of terms from contracts and other sources...
• Develop and maintain terms of use agreements and other related materials
• Deliver group training as well as one-on-one sessions
• Clear work products (such as research papers) for data considerations/accordance with terms of use prior to external release
• Read work products to identify potential issues and comments
• Coordinate required external reviews from initiation to resolution
• Develop and maintain strong positive relationships with external reviewer contacts on behalf of the Bank
• Report status and resolve matters with authors and other stakeholders
• Coordinate external collaborator arrangements
• Work with Bank personnel to understand needs for each project
• Determine requirements in partnership with Legal and other stakeholders
• Facilitate arrangement terms and logistics
• Monitor and track arrangements over time
• Facilitate data acquisitions and discoverability
• Support logistical steps associated with data acquisitions
• Create and update data documentation (including entries for catalogs) and communications
• Keep track of data loads and evaluations
• Establish subject matter expertise about data sets
• Enforce compliance
• Proactively monitor activities for compliance
• Conduct periodic reviews
• Follow-up on matters through resolution
• Participate on department, Bank and/or System projects and initiatives.
• Fulfill duties and responsibilities in conformance with proper safety and security practices.
• Demonstrate effective skills for grade and position.
• Performs other related duties as assigned.
• Bachelor's degree in a business or quantitative discipline such as economics, finance, business analytics or related Master’s degree such as Library/Information Science from an ALA (American Library Association) accredited graduate program with course work in economics, finance, or business and experience managing data use, preferred.
• Minimum of seven years practical experience.
• Relevant professional certifications/accreditations strongly preferred.
• Analytical thinker with problem-solving skills and assertiveness
• Ability and willingness to exercise sound judgment and apply healthy professional skepticism effectively, consider the big picture in addition to tactical details, solid business perspective and appreciation for research
• Attention to detail and organization
• Strong interpersonal and listening skills, approachable, ability to diffuse conflict, build consensus, communicate effectively with various levels of personnel and different types of specialists including economists, quantitative analysts, and technical engineers
• Agile and comfortable working in an evolving environment
• Customer-service oriented, responsive to voluminous, time-sensitive requests and questions
• Strong time management skills, recognize and demonstrate priorities
• Capable working independently or collaboratively as part of a team as circumstances dictate
• Writing skills to document work and to create process and control materials as well as communications
• Comfortable using (or adept at learning on their own how to use) various evolving data management and analytics technology solutions, while following strict information security requirements
• Able to support diverse, large micro data sets
• Proficient in Microsoft Apps (Word, Excel, PowerPoint, Planner)
• Comfortable using and managing Teams and SharePoint sites as well as Outlook
• Must be able to work long hours at a personal computer.
• Ability to lift and carry up to 10 pounds at times.
• Medical (4 options), Prescription, Dental (3 options), and Vision Insurance with no waiting period
• 401k/Thrift Plan with generous employer match
• Employer-funded Pension Plan
• Paid Vacation/Sick Time & Holidays
• Monthly $100 Commuter Allowance
• Flexible Spending Accounts and Healthcare Spending Accounts
• Flexible Work Schedule available in most departments
• Life Insurance and Long Term Disability Insurance
• Tuition Reimbursement
• Parental Leave
• Free onsite 24/7 Fitness Center including training classes, Peloton bikes and locker room / shower facilities
• Onsite Cafeteria & Coffee Shop
• Additional Convenience Benefits, Discounts and More…
OUR BANK has one of the most recognizable brands around the world. The Federal Reserve is the central bank of the United States—one of the world's most influential, trusted and prestigious financial organizations. The Federal Reserve is charged with the important mission of promoting a strong economy and a stable financial system and fulfills this responsibility by formulating national monetary policy, supervising and regulating banks and bank holding companies, and providing financial services for banks and the U.S. government.
OUR PEOPLE are diverse in background and ideas, which allows for ongoing creativity and innovation. Ultimately, they are the ones who push our high-performance, exchange-driven culture forward.
Why Our People Choose Us:
Our reputation precedes us
There will always be room for personal growth
Our people are first
You’ll find the right balance
Your responsibilities will be meaningful
We hope that you will be our future colleague Show more details...
• Manage user access
• Educate users on data terms of use based on comprehensive, practical understanding of terms from contracts and other sources...
• Develop and maintain terms of use agreements and other related materials
• Deliver group training as well as one-on-one sessions
• Clear work products (such as research papers) for data considerations/accordance with terms of use prior to external release
• Read work products to identify potential issues and comments
• Coordinate required external reviews from initiation to resolution
• Develop and maintain strong positive relationships with external reviewer contacts on behalf of the Bank
• Report status and resolve matters with authors and other stakeholders
• Coordinate external collaborator arrangements
• Work with Bank personnel to understand needs for each project
• Determine requirements in partnership with Legal and other stakeholders
• Facilitate arrangement terms and logistics
• Monitor and track arrangements over time
• Facilitate data acquisitions and discoverability
• Support logistical steps associated with data acquisitions
• Create and update data documentation (including entries for catalogs) and communications
• Keep track of data loads and evaluations
• Establish subject matter expertise about data sets
• Enforce compliance
• Proactively monitor activities for compliance
• Conduct periodic reviews
• Follow-up on matters through resolution
• Participate on department, Bank and/or System projects and initiatives.
• Fulfill duties and responsibilities in conformance with proper safety and security practices.
• Demonstrate effective skills for grade and position.
• Performs other related duties as assigned.
• Bachelor's degree in a business or quantitative discipline such as economics, finance, business analytics or related Master’s degree such as Library/Information Science from an ALA (American Library Association) accredited graduate program with course work in economics, finance, or business and experience managing data use, preferred.
• Minimum of seven years practical experience.
• Relevant professional certifications/accreditations strongly preferred.
• Analytical thinker with problem-solving skills and assertiveness
• Ability and willingness to exercise sound judgment and apply healthy professional skepticism effectively, consider the big picture in addition to tactical details, solid business perspective and appreciation for research
• Attention to detail and organization
• Strong interpersonal and listening skills, approachable, ability to diffuse conflict, build consensus, communicate effectively with various levels of personnel and different types of specialists including economists, quantitative analysts, and technical engineers
• Agile and comfortable working in an evolving environment
• Customer-service oriented, responsive to voluminous, time-sensitive requests and questions
• Strong time management skills, recognize and demonstrate priorities
• Capable working independently or collaboratively as part of a team as circumstances dictate
• Writing skills to document work and to create process and control materials as well as communications
• Comfortable using (or adept at learning on their own how to use) various evolving data management and analytics technology solutions, while following strict information security requirements
• Able to support diverse, large micro data sets
• Proficient in Microsoft Apps (Word, Excel, PowerPoint, Planner)
• Comfortable using and managing Teams and SharePoint sites as well as Outlook
• Must be able to work long hours at a personal computer.
• Ability to lift and carry up to 10 pounds at times.
• Medical (4 options), Prescription, Dental (3 options), and Vision Insurance with no waiting period
• 401k/Thrift Plan with generous employer match
• Employer-funded Pension Plan
• Paid Vacation/Sick Time & Holidays
• Monthly $100 Commuter Allowance
• Flexible Spending Accounts and Healthcare Spending Accounts
• Flexible Work Schedule available in most departments
• Life Insurance and Long Term Disability Insurance
• Tuition Reimbursement
• Parental Leave
• Free onsite 24/7 Fitness Center including training classes, Peloton bikes and locker room / shower facilities
• Onsite Cafeteria & Coffee Shop
• Additional Convenience Benefits, Discounts and More…
OUR BANK has one of the most recognizable brands around the world. The Federal Reserve is the central bank of the United States—one of the world's most influential, trusted and prestigious financial organizations. The Federal Reserve is charged with the important mission of promoting a strong economy and a stable financial system and fulfills this responsibility by formulating national monetary policy, supervising and regulating banks and bank holding companies, and providing financial services for banks and the U.S. government.
OUR PEOPLE are diverse in background and ideas, which allows for ongoing creativity and innovation. Ultimately, they are the ones who push our high-performance, exchange-driven culture forward.
Why Our People Choose Us:
Our reputation precedes us
There will always be room for personal growth
Our people are first
You’ll find the right balance
Your responsibilities will be meaningful
We hope that you will be our future colleague Show more details...
via Recruit.net
posted_at: 5 days agoschedule_type: Full-time
Quantitative Analyst I/II page is loaded Quantitative Analyst I/II
locationsPhiladelphia, PA time typeFull time posted onPosted Today job requisition idR-0000016747 Company
Federal Reserve Bank of PhiladelphiaThe 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
Quantitative Analyst I/II page is loaded Quantitative Analyst I/II
locationsPhiladelphia, PA time typeFull time posted onPosted Today job requisition idR-0000016747 Company
Federal Reserve Bank of PhiladelphiaThe 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:
The Financial Monitoring Group (FMG) within the Supervision, Regulation and Credit (SRC) department of the Federal Reserve Bank of Philadelphia seeks a motivated quantitative analyst to support the monitoring of consumer credit risk at the nation’s largest banks. The successful candidate will have an interest in consumer credit risk, the technical skills to analyze rich sources of data, and the ability to tell the story behind the data. In addition to good communication and time management skills, experience with large datasets or data visualization tools is a plus.
FMG is a unit of the Risk Assessment, Data Analysis and Research (RADAR) group in SRC, which manages the largest collection of U.S. consumer finance and securities markets data. FMG supports the supervision of large banks by using detailed confidential supervisory data to identify emerging trends in consumer credit. As an example, FMG developed monthly analytics and summary reports to track the impact of the COVID-19 pandemic on consumer lending. Recently, the group launched a narrative report and a selection of large bank credit card and mortgage data trends that are shared with the public on a quarterly basis (access link here). FMG 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.
Please note that the job description covers a broad range of quantitative analyst positions and includes items not directly relevant to this posting.
To be considered for the position, please submit a resume and a cover letter explaining your interest. What You Will Do:
This is the higher of a dual grade job posting. Candidates with lesser experience will be considered for the lower grade opening.
Support the development or implementation of supervisory retail loss models, the data related to those models, or the qualitative evaluation of industry models through participation in the Dodd-Frank Act Stress Test (DFAST) and Comprehensive Capital Analysis and Review (CCAR) exercises.
Help analyze consumer credit or fixed income securities such as tracking the performance of important variables to identify possible sources of emerging risks for bank examiners, subject matter experts, CCAR modelers or other System personnel.
Work with senior staff on statistical and econometric research projects, including collecting and analyzing data, reviewing prior research, writing research reports, and presenting results to officers and staff.
Participate on Bank, department, or system projects of moderate to high complexity. Demonstrate SRC Core Competency skills for grade and position.
Participate in the accomplishment of departmental and Bank-wide quality projects.
Comply with all applicable information security policies, guidelines, and practices.
What You Have:
Education and Experience:
• Bachelor's degree in a business or quantitative discipline, such as economics, finance or statistics is required.
• Minimum of one year of industry experience in banking, bank supervision, or a finance-related field is required.
Knowledge and Skills:
• Good written and oral communication skills.
• Present findings and assessments concerning moderate to complex matters; able to discuss moderate to complex issues with any stakeholder either within or outside the Division; engage in transferring technical knowledge; demonstrate effective use of listening skills and the ability to manage the communication process.
• Good analytical, problem solving and time management skills.
• Demonstrated intermediate analytical skills; use appropriate diagnostic- and root-cause analysis skills to identify direct and indirect causes of problems of unknown origin; gather tangible and factual evidence from many sources; recognize symptoms that may indicate more significant problems or issues; organize data and information in a manner that effectively communicates issues and underlying causes.
• Experience collecting and analyzing data to track performance of important variables and identify possible sources of emerging risks within the financial sector.
• Experience working with large datasets using statistical software, such as SAS or Stata, is preferred.
• Good interpersonal skills. Ability to participate on a team; draw on experience to resolve moderate to complex issues; leverage strategic work relationships and networks to accomplish goals and objectives.
• Identify and assess moderate to complex issues; able to manage moderate to complex issues to achieve goals. Subject to some oversight in work performed.
• Quantitative Analysts are highly motivated individuals who can work under moderate guidance and interested in consumer credit or bank risk.
We offer a great benefits package that features:
• Medical (4 options), Prescription, Dental (3 options), and Vision Insurance with no waiting period
• 401k/Thrift Plan with generous employer match
• Employer-funded Pension Plan
• Paid Vacation/Sick Time & Holidays
• Monthly $100 Commuter Allowance
• Flexible Spending Accounts and Healthcare Spending Accounts
• Flexible Work Schedule available in most departments
• Life Insurance and Long Term Disability Insurance
• Tuition Reimbursement (undergraduate and graduate)
• Parental Leave
• Free onsite 24/7 Fitness Center including training classes, Peloton bikes and locker room / shower facilities
• Onsite Cafeteria & Coffee Shop
• Additional Convenience Benefits, Discounts and More…
Additional Information:
• The Federal Reserve Bank of Philadelphia believes that diversity, equity 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 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.
• We have eight employee resource groups (ERGs) to support a diverse workforce. 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.
• 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.
• 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 Show more details...
locationsPhiladelphia, PA time typeFull time posted onPosted Today job requisition idR-0000016747 Company
Federal Reserve Bank of PhiladelphiaThe 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:
The Financial Monitoring Group (FMG) within the Supervision, Regulation and Credit (SRC) department of the Federal Reserve Bank of Philadelphia seeks a motivated quantitative analyst to support the monitoring of consumer credit risk at the nation’s largest banks. The successful candidate will have an interest in consumer credit risk, the technical skills to analyze rich sources of data, and the ability to tell the story behind the data. In addition to good communication and time management skills, experience with large datasets or data visualization tools is a plus.
FMG is a unit of the Risk Assessment, Data Analysis and Research (RADAR) group in SRC, which manages the largest collection of U.S. consumer finance and securities markets data. FMG supports the supervision of large banks by using detailed confidential supervisory data to identify emerging trends in consumer credit. As an example, FMG developed monthly analytics and summary reports to track the impact of the COVID-19 pandemic on consumer lending. Recently, the group launched a narrative report and a selection of large bank credit card and mortgage data trends that are shared with the public on a quarterly basis (access link here). FMG 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.
Please note that the job description covers a broad range of quantitative analyst positions and includes items not directly relevant to this posting.
To be considered for the position, please submit a resume and a cover letter explaining your interest. What You Will Do:
This is the higher of a dual grade job posting. Candidates with lesser experience will be considered for the lower grade opening.
Support the development or implementation of supervisory retail loss models, the data related to those models, or the qualitative evaluation of industry models through participation in the Dodd-Frank Act Stress Test (DFAST) and Comprehensive Capital Analysis and Review (CCAR) exercises.
Help analyze consumer credit or fixed income securities such as tracking the performance of important variables to identify possible sources of emerging risks for bank examiners, subject matter experts, CCAR modelers or other System personnel.
Work with senior staff on statistical and econometric research projects, including collecting and analyzing data, reviewing prior research, writing research reports, and presenting results to officers and staff.
Participate on Bank, department, or system projects of moderate to high complexity. Demonstrate SRC Core Competency skills for grade and position.
Participate in the accomplishment of departmental and Bank-wide quality projects.
Comply with all applicable information security policies, guidelines, and practices.
What You Have:
Education and Experience:
• Bachelor's degree in a business or quantitative discipline, such as economics, finance or statistics is required.
• Minimum of one year of industry experience in banking, bank supervision, or a finance-related field is required.
Knowledge and Skills:
• Good written and oral communication skills.
• Present findings and assessments concerning moderate to complex matters; able to discuss moderate to complex issues with any stakeholder either within or outside the Division; engage in transferring technical knowledge; demonstrate effective use of listening skills and the ability to manage the communication process.
• Good analytical, problem solving and time management skills.
• Demonstrated intermediate analytical skills; use appropriate diagnostic- and root-cause analysis skills to identify direct and indirect causes of problems of unknown origin; gather tangible and factual evidence from many sources; recognize symptoms that may indicate more significant problems or issues; organize data and information in a manner that effectively communicates issues and underlying causes.
• Experience collecting and analyzing data to track performance of important variables and identify possible sources of emerging risks within the financial sector.
• Experience working with large datasets using statistical software, such as SAS or Stata, is preferred.
• Good interpersonal skills. Ability to participate on a team; draw on experience to resolve moderate to complex issues; leverage strategic work relationships and networks to accomplish goals and objectives.
• Identify and assess moderate to complex issues; able to manage moderate to complex issues to achieve goals. Subject to some oversight in work performed.
• Quantitative Analysts are highly motivated individuals who can work under moderate guidance and interested in consumer credit or bank risk.
We offer a great benefits package that features:
• Medical (4 options), Prescription, Dental (3 options), and Vision Insurance with no waiting period
• 401k/Thrift Plan with generous employer match
• Employer-funded Pension Plan
• Paid Vacation/Sick Time & Holidays
• Monthly $100 Commuter Allowance
• Flexible Spending Accounts and Healthcare Spending Accounts
• Flexible Work Schedule available in most departments
• Life Insurance and Long Term Disability Insurance
• Tuition Reimbursement (undergraduate and graduate)
• Parental Leave
• Free onsite 24/7 Fitness Center including training classes, Peloton bikes and locker room / shower facilities
• Onsite Cafeteria & Coffee Shop
• Additional Convenience Benefits, Discounts and More…
Additional Information:
• The Federal Reserve Bank of Philadelphia believes that diversity, equity 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 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.
• We have eight employee resource groups (ERGs) to support a diverse workforce. 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.
• 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.
• 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 Show more details...
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