FinTech Quantitative Analyst I / II

Federal Reserve Bank of Philadelphia, Philadelphia Pennsylvania, US

Work at Federal Reserve Bank of Philadelphia


CompanyFederal Reserve Bank of PhiladelphiaQuantitative Analyst IThe Financial Monitoring Group (FMG) seeks an analyst to work closely with a senior economic advisor on fintech research and policy analysis. The successful candidate should have experience in data analysis, a strong background in coding, intellectual curiosity, attention to detail, and the ability to manipulate and perform analysis of large datasets. Prior research experience is preferred. Experience with large, complex datasets, such as Equifax, HMDA or FR Y-14M would be a big plus.The Federal Reserve's fintech research has explored relevant emerging issues, such as the role of alternative data in moving closer to a more inclusive financial system, the impact of partnerships between fintech and traditional financial firms, and the potential role of modern technology in expanding credit access to small businesses and underserved communities. More recently, attention has been turned to recent changes in the payment space and the roles of cryptocurrencies and stablecoins in the new payment landscape. The majority of time spent in this role will be allocated to fintech research that supports thought leadership, policy discussion, and outreach activities related to Federal Reserve initiatives on the future of banking supervision and regulation, using SupTech and RegTech. The analyst will also support FMG's core work of monitoring consumer credit risk for the nation's largest banks.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 apply, go to: https://www.philadelphiafed.org/careersTo view the Quantitative Analyst job https://www.philadelphiafed.org/-/media/db93c596d8dc4eac99691ac8a4520872.ashxWe offer a great benefits package that features:Medical (4 options), Prescription, Dental (3 options), and Vision Insurance401k/Thrift Plan with generous employer matchEmployer-funded Pension PlanPaid Vacation/Sick Time & HolidaysMonthly Commuter AllowanceFlexible Spending Accounts and Healthcare Spending AccountsTuition ReimbursementParental LeaveFree membership to onsite 24/7 Fitness Center including training classes, Peloton bikes and locker room / shower facilitiesOnsite Cafeteria & Coffee ShopAdditional Convenience Benefits, Discounts and More...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.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) 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 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. 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.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 PhillyFull Time / Part TimeFull timeRegular / TemporaryRegularJob Exempt (Yes / No)YesJob CategoryBank ExaminationWork ShiftFirst (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 NoticePDN-974e8d9d-a441-492d-8d78-5b6453bcca95