The Federal Reserve System is seeking highly analytical and quantitative individuals to join the Quantitative Fellowship Program (QFP) and perform in-depth and rigorous assessments of the major risks to which banks and other financial entities are exposed, to promote a safe, sound, and efficient banking and financial system that supports the growth and stability of the U.S. economy
Requirements
- Experience programming in languages such as Matlab, Python, R, SAS, or Stata
- Ability to manage and analyze large data sets
- Experience in developing or validating mathematical or statistical models
- A graduate degree in a quantitative discipline such as economics, engineering, mathematics, quantitative finance, statistics, or data science
- Excellent academic record
- Ability to present technical issues to nontechnical audiences and to clearly articulate findings verbally and in writing
- Familiarity with data analytics tools and technologies
Responsibilities
- Perform in-depth and rigorous assessments of the major risks to which banks and other financial entities are exposed
- Work on-site at multiple Reserve Banks across the Federal Reserve System, including the Board of Governors location in Washington, D.C.
- Interact directly with financial institutions, gain valuable cross-firm perspective on modeling challenges, and be involved in helping senior Federal Reserve officials make informed decisions
- Develop or validate mathematical or statistical models
- Manage and analyze large data sets
- Present technical issues to nontechnical audiences and clearly articulate findings verbally and in writing
- Engage in stress test modeling, analyzing financial institution portfolios, and model risk management and validation
Other
- Willingness to travel throughout the duration of the program
- Meet the Protected Individual requirement
- Sign a declaration of intent to expeditiously become a U.S. citizen when eligible (for non-U.S. citizens)
- Excellent communication skills
- Ability to quickly adapt to new and changing regulatory and financial industry environments
