Data Scientist

Company

Federal Reserve Bank of Boston

As an employee of the Boston Fed, you will work to promote sound growth and financial stability in New England and the nation.

You will contribute to communities, the region, and the nation by conducting economic research, participating in monetary policy-making, supervising certain financial institutions, providing financial services and payments, playing a leadership role in the payments industry, and supporting economic well-being in communities through a variety of efforts.

The Boston Fed is one of 12 Reserve Banks and we serve all or parts of Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont.

Our mission is accomplished through our Bank's values: community, innovation, integrity, trust, leadership, and excellence.

As a Data Scientist in the Research Data and Technology Solutions team at the Boston Fed, you will play a pivotal role in analyzing complex economic data to uncover trends, patterns, and insights that drive policy recommendations and business strategies.

You will collaborate closely with cross-functional teams, including economists, engineers, analysts, and research stakeholders to develop and implement data-driven strategies and solutions.

Your work will advance economic research, monetary policy, reports, publications, and presentations that have a direct impact on economic policy and market behavior.

Working in close collaboration with Senior and Lead Data Scientists, this position will design and implement advanced statistical and machine learning models in support of Research Economists.

Principal Accountabilities

· Data Analysis and Modeling: Design and implement advanced statistical, econometric, machine learning models, and data processing techniques.

Utilize a variety of tools and methods to answer research questions from complex datasets.

· Data Management: Implement data collection, storage, and processing pipelines to ensure data quality and integrity.

· Software Engineering: Design and develop software that enable research into modular, efficient, reusable, and maintainable scripts or packages.

· Collaboration: Work closely with economists and other stakeholders to understand their data needs, design research methodologies, and deliver solutions that drive research outcomes.

Develop and promote best practices for reproducible research workflows.

Communicate findings and recommendations effectively.

· Reporting and Visualization: Develop and maintain dashboards, reports, and visualizations that provide clear and actionable insights to stakeholders.

· Innovation: Stay current with industry trends and emerging technologies.

Identify opportunities for incorporating new methods and technologies into our data science practices.

Supervision This position is not required to directly supervise others.

Knowledge and Experience

· Education: B.

Sc.

Computer Science or Statistics or Mathematics.

Advanced degree or relevant experience a plus.

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