Quantitative Analyst II/III

Company

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.

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.

The group also publishes a public quarterly narrative report and a selection of large bank credit card and mortgage trends.

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.

The job description also details the requirements for a Quantitative Analyst III.

Applicants with less experience or education may be considered for the Quantitative Analyst II position.

To be considered for the position, please submit a resume and a cover letter explaining your interest.

What You Will Do:


* Supports 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 DFAST and CCAR exercises.


* Contributes to the analysis of consumer credit or fixed income securities such as tracking the performance of key variables to identify possible sources of emerging risks for bank examiners, subject matter experts, CCAR modelers or other System personnel.


* Collaborates with senior staff on statistical and econometric research projects, including collecting ...