Financial Economist/ Senior Financial Economist (Grade 16-Grade 17)
Primary Location: Federal Reserve Bank of Philadelphia, PA-Philadelphia
Full-time / Part-time: Full-time
Employee Status: Regular
Overtime Status: Exempt
Job Type: Experienced
Shift: Day Job
Job Sensitivity Tier II - No Credit Check
The Federal Reserve Bank of Philadelphia is seeking to fill one or more positions in the Risk Assessment, Data Analysis and Research (RADAR) groups of the Supervision, Regulation, and Credit (SRC) Department. RADAR provides leadership and expertise to the Federal Reserve System on the supervision and regulation of large banking organizations in the area of retail credit risk and fixed income, with particular emphasis on quantitative risk analysis. RADAR is the leader in several important System initiatives, such as the stress testing exercises Dodd Frank Stress Test (DFAST) and Comprehensive Capital Assessment and Review (CCAR). RADAR also manages the largest collection anywhere of data on U.S. consumer finance and securities markets. The ideal candidate will have the opportunity to develop his/her own research agenda directed towards research on consumer credit and markets, fixed income securities, lending and bank risks, and regulatory policies pertaining to these matters. This individual will also serve as a subject matter expert in these areas, lead initiatives supporting RADAR’s overall data management strategy, and participate in Department efforts to exert leadership in the supervisory community.
Applicants with a background in areas such as applied econometrics, applied micro, credit risk, household finance, fixed income, real estate economics, financial institutions, banking supervision are preferred. The candidate must have a minimum of 3 years’ experience in one or more areas including mortgage, home equity, credit card, consumer credit or real estate domains to be considered for the higher grade. Any candidates with interests in these areas are encouraged to apply. The ideal applicants will have a completed PhD or a firm expectation of defending their PhD by summer 2020.
Applicants for employment also must be a U.S. Citizen, U.S. National, or hold a permanent resident/green card with intent to become a U.S. Citizen.
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 full job description, click the link:
Go to http://www.philadelphiafed.org/careers/job-openings.cfm and find the “Senior Financial Economist/Financial Economist” position. Please upload a cover letter to explain your interest in the position, and include your resume/vita, and other information that may serve as proof of competence (i.e., research papers, letters of reference, or other relevant information), by December 15, 2019.
The Federal Reserve Bank of Philadelphia believes 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 Bank of Philadelphia is proud to be an equal opportunity workplace.