Quantitative Analyst III

Company

Federal Reserve Bank of Philadelphia

This Job Description is within Quantitative Analytics Job Family and is aimed primarily for positions within the Financial Monitoring Group (FMG), Retail Risk Analysis (RRA), and Risk Assessment, Data Analysis and Research (RADAR) business lines; but could include anyone within Supervision Regulation and Credit that performs these tasks.

An ideal candidate must have knowledge of and be able to perform actions that are related to activities in the designated business line.

The Quantitative Analyst III has a strong interest in supervisory processes, banking products and applicable laws and regulations, in addition to a basic understanding of banking risks and risk management strategies.

The Quantitative Analyst II serves as a technical SME within an assigned risk area, with responsibilities that may include: evaluating trends in the banking industry, identifying factors that pose risk to the financial system, and communicating relevant findings to internal stakeholders.

He/she may support senior staff on system-wide analytical initiatives related to consumer credit, bank risk, or regulatory policies pertaining to these matters that may include: horizontal studies on bank safety and soundness, research projects, implementation of the models used for the annual Dodd Frank Act and Comprehensive Capital Analysis and Review stress tests, among others.

40%

Supporting 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.

40%

Assisting in 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.

15%

Working 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.

5%

Participates on Bank, department, or system projects of moderate to high complexity.

Demonstrates effective SRC Core Competency skills for grade and position.

Performs other related duties as assigned.

Actively involved in the accomplishment of departmental and Bank-wide quality initiatives.

Complies with all applicable information security policies, guidelines, and practices.

Education and Experience:


* Bachelor's degree in a business or quantitative discipline, such as economics, finance or statistics is required.


* Minimum of one years of industry experience in banking, bank supervision, or a finance-related field is required.

Knowledge and Skills:


* Good written and oral communication skills.



* Under little oversight, presents findings and assessments concerni...