Senior Quantitative Analyst/Quantitative Analyst III at Federal Reserve Bank (FRB) in Philadelphia, Pennsylvania

Posted in General Business 15 days ago.

Type: Full-Time

Job Description:


Federal Reserve Bank of Philadelphia

The Financial Monitoring Group (FMG) within the Supervision, Regulation and Credit (SRC) department seeks a motivated senior quantitative analyst or quantitative analyst III to support the monitoring of retail credit risk for the nation’s largest banks.

FMG supports large bank supervision through the identification of emerging trends in retail credit using detailed confidential supervisory data.  As an example, FMG developed monthly analytics and reporting to track the impact of the current pandemic on retail lending. The group also provides analytical and examination support to Federal Reserve System large bank activities and groups, including the annual Comprehensive Capital Analysis and Review (CCAR) assessment, the Horizontal Capital Review (HCR), the Large Institution Supervision Coordinating Committee (LISCC), and the Large and Foreign Banking Organization (LFBO) management group.

The successful candidate will have retail credit experience, intellectual curiosity in analyzing rich sources of data on large banks, and the ability to tell the story behind this data in written and presentation format.   The candidate should also have good communication and time management skills. The ability to manipulate and perform analysis of large datasets is required.   Experience with a data visualization tool, such as Tableau, is a plus. 

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

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.

Background investigations including drug testing are required for all new hires as a condition of employment, after the job offer is made. Employment may not begin until the Bank accepts the results of the background investigation.

To see the full job description, click the link: 

To Apply:

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to find the "Senior Quantitative Analyst /Quantitative Analyst III" position.

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.

  • 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 Philly Fed.

Full Time / Part Time

Full time

Regular / Temporary


Job Exempt (Yes / No)


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.

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