Quantitative Analyst
3.
8 Charlotte, NC Charlotte, NC Full-time Full-time $88,200 - $121,200 a year $88,200 - $121,200 a year 5 days ago 5 days ago 5 days ago Company Federal Reserve Bank of Richmond When you join the Federal Reserve--the nation's central bank--you'll play a key role, collaborating with a dynamic and diverse team of mission-driven professionals to strengthen and protect our economy and our communities.
Bring your passion and expertise, and we'll provide the opportunities that will challenge you and propel your growth--along with a wide range of benefits and perks that support your health, wealth, and life.
In addition to competitive compensation, we offer a comprehensive benefits package that includes tuition assistance, generous paid time off, top-notch health care benefits, child and family care leave, professional development opportunities, a 401(k) match, pension, and more.
All brought together in a flexible work environment where you can truly find balance.
About the Opportunity The Quantitative Supervision and Research (QSR) unit within the Supervision, Regulation, and Credit Department of the Federal Reserve Bank of Richmond has an immediate opening for a Quantitative Analyst.
QSR is responsible for using quantitative analysis and research for banking supervision across the 5th District and the Federal Reserve System.
We are looking for a candidate to join a collaborative team of financial economists and quantitative analysts.
Quantitative analysts at the Bank are expected to participate in supervisory work at large banking organizations, contribute to Federal Reserve System projects related to variety of quantitative topics, such as stress test modeling, analyzing financial institution portfolios, and model risk management.
The position offers opportunities for professional training, and the Bank provides support for travel to academic and industry conferences.
Salary and benefits are competitive, and hybrid work arrangements are available.
The primary location for this role is Charlotte, NC.
With your application, please submit a resume and 2 - 3 coding samples.
Coding samples are most helpful if they are solo-authored and represent R, Stata, Python, SAS, or Matlab solutions.
What You Will Do:
Conduct independent research in banking, credit risk, financial markets, and other emerging issues in bank supervision.
Apply advanced statistical analysis to banking, financial, and economic data.
Design and manage quantitative models and large and complex datasets utilizing tools such as R, Stata, Python, Matlab, SAS, and a High Performing Cluster Computer Environment.
When required, learn additional software packages and database systems.
Collect, manipulate, and analyze data from large databases.
Identify, develop, and conduct research projects related to bank stress testing and, in particular, net revenue projections, interest rate risk, or regulatory policies pertaining to these matters.
Serve as a System subject matter expert in these areas and provide informed commentary on proposed revisions to policy and procedures.
Become well informed on potential changes to important accounting rules, laws and regulations, and supervisory policies.
Conduct analysis on matters related to the financial stability of the banking system.
Prepare and present conclusions and recommendations to internal and external stakeholders.
Participate in reviews related to banks' use of quantitative modeling.
Qualifications:
Graduate degree in economics, finance, mathematics, or a related field.
Doctoral degree preferred.
Advanced analytical and quantitative skills, including the ability to understand, interpret, and utilize complex data and financial information.
Expert knowledge in statistics or econometrics.
Advanced data analysis experience with a demonstrated ability to conduct analysis with statistical programming packages, including at least one of the following:
R, Stata, Python, Matlab, SAS, SQL, or equivalent.
Ability to present technical issues to nontechnical audiences and to clearly articulate findings verbally and in writing.
Strong interpersonal skills with the ability to work effectively in a team in a hybrid work environment and collaborate with peers across the System while participating on System workgroups and projects.
Discover the Reason Why So Many People Love It Here! When you join the Richmond Fed, not only will you find a challenging and purposeful career, you will also have access to a wide range of benefits and perks that support your health and wealth including:
Hybrid Work Environment Great medical benefits Pension and 401(k) with employer match Paid time off Tuition reimbursement Employee resource networks Paid volunteer leave Onsite amenities that make working here fun Other Requirements and Considerations:
Candidates should review the Bank's Employee Code of Conduct to ensure compliance with conflict-of-interest rules and personal investment restrictions.
If you need assistance or an accommodation due to a disability, please notify email protected .
Employees who work at and/or visit another Federal Reserve entity or outside business as part of their job duties are required to comply with any onsite safety and health protocols of those organizations (including, but not limited to, requirements to vaccinate or test, mask, social distance, etc.
).
This position requires access to confidential supervisory information and/or FOMC information which is limited to Protected Individuals as defined in 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 not U.
S.
citizens or U.
S.
permanent residents may be eligible for the information access required for this position and sponsorship for a work visa, and subsequently for permanent residence, if they sign a declaration of intent to become a U.
S.
citizen and meet other eligibility requirements.
In addition, all candidates must undergo an enhanced background check and comply with all applicable information handling rules, and all non-U.
S.
citizens must sign a declaration of intent to become a U.
S.
citizen and pursue a path to citizenship.
Under Conflict-of-Interest guidelines administered by the Board of Governors of the Federal Reserve System, examining personnel may not participate on an examination of a financial institution or affiliate if the examiner was employed by the financial institution or affiliate within the past 12 months.
Please review the Bank's Employee Code of Conduct to ensure that there are no major issues related to your previous employment and current financial interests (relevant sections are 5.
3 and Appendix B, Parts I, II, and III).
Federal Reserve ethics rules generally prohibit employees and their immediate families from owning investments in banks, savings associations, or their holding companies (Section 5.
3).
Additionally, employees engaged in Supervision and Regulation may be subject to borrowing and deposit restrictions.
These employees may need to recuse themselves from certain supervisory work based on:
Their borrowing relationships (Appendix B Parts I.
1, II.
1, and II.
2) If a financial institution employs a member of the employee's immediate family (i.
e.
, spouse, child, parent, or sibling) (Appendix B Part I.
3 and Part II.
3) If the individual was employed by the financial institution or affiliate within the past 12 months (Appendix B Part I.
3 and II.
3).
In certain cases, the recusal may be so extensive that it could materially reduce the effectiveness of the prospective employee's job responsibilities.
The hiring range of the Analyst - Quantitative - Assoc is $88,200 - $121,200 annually.
The hiring range of the Analyst - Quantitative - Int is $103,700 - $142,560 annually.
The hiring range of the Analyst - Quantitative - Sr.
is $122,500 - $168,410 annually.
Applications will be reviewed on a rolling basis.
For an opportunity to virtually interview post the AEA Annual Meeting, please submit your application by January, 1, 2024.
All applicants are encouraged to apply online.
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.
Privacy Notice.
Estimated Salary: $20 to $28 per hour based on qualifications.
8 Charlotte, NC Charlotte, NC Full-time Full-time $88,200 - $121,200 a year $88,200 - $121,200 a year 5 days ago 5 days ago 5 days ago Company Federal Reserve Bank of Richmond When you join the Federal Reserve--the nation's central bank--you'll play a key role, collaborating with a dynamic and diverse team of mission-driven professionals to strengthen and protect our economy and our communities.
Bring your passion and expertise, and we'll provide the opportunities that will challenge you and propel your growth--along with a wide range of benefits and perks that support your health, wealth, and life.
In addition to competitive compensation, we offer a comprehensive benefits package that includes tuition assistance, generous paid time off, top-notch health care benefits, child and family care leave, professional development opportunities, a 401(k) match, pension, and more.
All brought together in a flexible work environment where you can truly find balance.
About the Opportunity The Quantitative Supervision and Research (QSR) unit within the Supervision, Regulation, and Credit Department of the Federal Reserve Bank of Richmond has an immediate opening for a Quantitative Analyst.
QSR is responsible for using quantitative analysis and research for banking supervision across the 5th District and the Federal Reserve System.
We are looking for a candidate to join a collaborative team of financial economists and quantitative analysts.
Quantitative analysts at the Bank are expected to participate in supervisory work at large banking organizations, contribute to Federal Reserve System projects related to variety of quantitative topics, such as stress test modeling, analyzing financial institution portfolios, and model risk management.
The position offers opportunities for professional training, and the Bank provides support for travel to academic and industry conferences.
Salary and benefits are competitive, and hybrid work arrangements are available.
The primary location for this role is Charlotte, NC.
With your application, please submit a resume and 2 - 3 coding samples.
Coding samples are most helpful if they are solo-authored and represent R, Stata, Python, SAS, or Matlab solutions.
What You Will Do:
Conduct independent research in banking, credit risk, financial markets, and other emerging issues in bank supervision.
Apply advanced statistical analysis to banking, financial, and economic data.
Design and manage quantitative models and large and complex datasets utilizing tools such as R, Stata, Python, Matlab, SAS, and a High Performing Cluster Computer Environment.
When required, learn additional software packages and database systems.
Collect, manipulate, and analyze data from large databases.
Identify, develop, and conduct research projects related to bank stress testing and, in particular, net revenue projections, interest rate risk, or regulatory policies pertaining to these matters.
Serve as a System subject matter expert in these areas and provide informed commentary on proposed revisions to policy and procedures.
Become well informed on potential changes to important accounting rules, laws and regulations, and supervisory policies.
Conduct analysis on matters related to the financial stability of the banking system.
Prepare and present conclusions and recommendations to internal and external stakeholders.
Participate in reviews related to banks' use of quantitative modeling.
Qualifications:
Graduate degree in economics, finance, mathematics, or a related field.
Doctoral degree preferred.
Advanced analytical and quantitative skills, including the ability to understand, interpret, and utilize complex data and financial information.
Expert knowledge in statistics or econometrics.
Advanced data analysis experience with a demonstrated ability to conduct analysis with statistical programming packages, including at least one of the following:
R, Stata, Python, Matlab, SAS, SQL, or equivalent.
Ability to present technical issues to nontechnical audiences and to clearly articulate findings verbally and in writing.
Strong interpersonal skills with the ability to work effectively in a team in a hybrid work environment and collaborate with peers across the System while participating on System workgroups and projects.
Discover the Reason Why So Many People Love It Here! When you join the Richmond Fed, not only will you find a challenging and purposeful career, you will also have access to a wide range of benefits and perks that support your health and wealth including:
Hybrid Work Environment Great medical benefits Pension and 401(k) with employer match Paid time off Tuition reimbursement Employee resource networks Paid volunteer leave Onsite amenities that make working here fun Other Requirements and Considerations:
Candidates should review the Bank's Employee Code of Conduct to ensure compliance with conflict-of-interest rules and personal investment restrictions.
If you need assistance or an accommodation due to a disability, please notify email protected .
Employees who work at and/or visit another Federal Reserve entity or outside business as part of their job duties are required to comply with any onsite safety and health protocols of those organizations (including, but not limited to, requirements to vaccinate or test, mask, social distance, etc.
).
This position requires access to confidential supervisory information and/or FOMC information which is limited to Protected Individuals as defined in 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 not U.
S.
citizens or U.
S.
permanent residents may be eligible for the information access required for this position and sponsorship for a work visa, and subsequently for permanent residence, if they sign a declaration of intent to become a U.
S.
citizen and meet other eligibility requirements.
In addition, all candidates must undergo an enhanced background check and comply with all applicable information handling rules, and all non-U.
S.
citizens must sign a declaration of intent to become a U.
S.
citizen and pursue a path to citizenship.
Under Conflict-of-Interest guidelines administered by the Board of Governors of the Federal Reserve System, examining personnel may not participate on an examination of a financial institution or affiliate if the examiner was employed by the financial institution or affiliate within the past 12 months.
Please review the Bank's Employee Code of Conduct to ensure that there are no major issues related to your previous employment and current financial interests (relevant sections are 5.
3 and Appendix B, Parts I, II, and III).
Federal Reserve ethics rules generally prohibit employees and their immediate families from owning investments in banks, savings associations, or their holding companies (Section 5.
3).
Additionally, employees engaged in Supervision and Regulation may be subject to borrowing and deposit restrictions.
These employees may need to recuse themselves from certain supervisory work based on:
Their borrowing relationships (Appendix B Parts I.
1, II.
1, and II.
2) If a financial institution employs a member of the employee's immediate family (i.
e.
, spouse, child, parent, or sibling) (Appendix B Part I.
3 and Part II.
3) If the individual was employed by the financial institution or affiliate within the past 12 months (Appendix B Part I.
3 and II.
3).
In certain cases, the recusal may be so extensive that it could materially reduce the effectiveness of the prospective employee's job responsibilities.
The hiring range of the Analyst - Quantitative - Assoc is $88,200 - $121,200 annually.
The hiring range of the Analyst - Quantitative - Int is $103,700 - $142,560 annually.
The hiring range of the Analyst - Quantitative - Sr.
is $122,500 - $168,410 annually.
Applications will be reviewed on a rolling basis.
For an opportunity to virtually interview post the AEA Annual Meeting, please submit your application by January, 1, 2024.
All applicants are encouraged to apply online.
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.
Privacy Notice.
Estimated Salary: $20 to $28 per hour based on qualifications.
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