Quantitative Analyst

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/Risk and Surveillance Unit (QSR/R&S) within the Supervision, Regulation, and Credit Department of the Federal Reserve Bank of Richmond has an immediate opening for a Quantitative Analyst. QSR/R&S 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 quantitative analysts, financial economists and supervision analysts. The successful candidate will be responsible for wrangling, analyzing, visualizing, and modeling banking and supervisory data. The candidate will also contribute to the examination process, outreach efforts, and Federal Reserve System projects related to a variety of quantitative topics. Salary and benefits are competitive, and hybrid work arrangements are available. The primary location for this role is Richmond, VA and the secondary location 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, Python, SAS, or Stata solutions.

What You Will Do:

• Conduct analysis on financial and non-financial risks at community, regional, and large financial institutions.
• Collect, manipulate, and analyze banking and financial data from large databases and apply statistical analysis as appropriate.
• Design and manage quantitative tools and models and large and complex datasets utilizing tools such as R, Python, SAS, Stata and a High Performing Cluster Computer Environment.  When required, learn additional software packages and database systems.
• Determine appropriate metrics to convey trends and risks related to current and emerging supervisory issues.
• Provide regular briefings of current issues to all levels of management, interact with stakeholders of community, regional, and large banks, other regulatory agencies, and industry.
• Become well informed on potential changes to important accounting rules, laws and regulations, and supervisory policies.
• Participate in reviews related to banks’ use of quantitative modeling.

Qualifications:

• Undergraduate degree in economics, finance, statistics or a related field. Master’s degree strongly preferred.
• Advanced analytical and quantitative skills, including the ability to understand, interpret, and utilize complex data and financial information.
• Demonstrated knowledge in statistics or econometrics.
• Data analysis experience with ability to conduct analysis with statistical programming packages, including at least one of the following: R, Stata, Python, SAS, SQL, or equivalent.
• Ability to present technical issues to nontechnical audiences and to clearly articulate findings verbally and in writing.
• Intellectual curiosity and desire to learn all aspects of bank supervision for on-the-job application.
• Strong interpersonal skills with the ability to work effectively in a team in a hybrid work environment.

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.).
• Sponsorship is not available for this role. The selected candidate will be subject to a government security investigation and must meet eligibility requirements for access to classified information. Eligibility for this specific position requires U.S. Citizenship or three or more years of Permanent Resident (Green Card) status.
• The hiring range of the Analyst – Quantitative – Assoc is $88,200 – $110,200 annually
• The hiring range of the Analyst – Quantitative – Int is $105,400 – $131,800 annually
• The hiring range of the Analyst – Quantitative – Sr is $123,800 – $154,700 annually

• Salary offered will be based on the job responsibilities and the individual’s knowledge, skills, and experience as defined in the job qualifications.
• The Fifth District provides a hybrid work environment.  This position is required to be onsite on Tuesday, Wednesday, and Thursday each week.

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.

Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.

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