Federal Reserve Bank (FRB)
Senior Quantitative Specialist/Quantitative Specialist (Finance)
Job Summary:
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 the Supervision Regulation and Credit department 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 RADAR unit collects and maintains an array of very large consumer and real estate databases which it makes available to regulators and researches within the Federal Reserve System (FRS). The unit also conducts analysis and research on these data as part of a larger strategic initiative around data acquisition, data management, and consumer credit research. This candidate's role will serve as a subject matter expert on the various data, and lead multiple initiatives supporting RADAR's overall data management strategy, with opportunities to engage in original research on these data.
The Senior Quantitative Specialist possessing advanced expertise and experience in quantitative modeling and statistical analysis in one or more bank supervisory areas including credit risk, interest rate risk, model validation, and bank capital. He/she applies statistical analysis to banking, financial, and economic data, and develops and applies risk models or other quantitative tools to support the banking supervision function.
These activities typically include developing, maintaining, and implementing the supervisory models used for the annual Dodd Frank Act and Comprehensive Capital Analysis and Review stress tests. The Senior Quantitative Specialist also may conduct analytical or horizontal studies of bank safety and soundness or of matters related to financial stability of the banking system. He/she also may participate as a quantitative expert on supervisory examinations of banks' internal risk assessment models and processes.
The Senior Quantitative Specialist also may develop and conduct longer term research projects on consumer credit, bank risk, or regulatory policies pertaining to these matters, and serves as a System and Department subject matter expert in these areas, such as providing expert commentary on proposed revisions to policy and procedures.
Principal Duties and Responsibilities:
Applies advanced statistical analysis to banking, financial, and economic data. Develops and applies risk models or other quantitative tools to support quantitative areas of banking supervision including credit risk, model risk, and bank capital.
May conduct analytical or horizontal studies of bank safety and soundness or of matters related to the financial stability of the banking system. May participate as a quantitative expert on supervisory examinations of banks' internal risk assessment models and processes.
May develop and conduct research projects related to consumer credit, bank risk, or regulatory policies pertaining to these matters. Serves as a System and Department subject matter expert and mentor in these areas, such as providing expert commentary on proposed revisions to policy and procedures. Prepares and presents conclusions and recommendations to internal and external stakeholders. Provides technical assistance and constructive feedback to all levels of staff.
Develops and maintains a high-level of technical and institutional expertise, including an awareness of potential changes to key accounting rules, laws and regulations, and supervisory policies. Builds and maintains strategic work relationships at other Reserve Banks, the Board of Governors, other regulatory agencies, academia, and industry
May participates on bank, department, or system projects. Fulfills job duties and responsibilities in conformance with sound safety practices. Demonstrates effective SRC Core Competency skills for grade and position. Performs other related duties as assigned.
Subordinates :
None
Scope Measurements :