Associate Quantitative Specialist

Company

Federal Reserve Bank of Boston

Our team contributes to communities, the region, and the nation by supporting the supervision of financial institutions and supporting economic well-being in communities through a variety of efforts.

The Boston Fed is one of 12 Reserve Banks, and we serve all or parts of Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont.

Our mission is accomplished through our Bank's values: community, innovation, integrity, trust, leadership, and excellence.



* Knowledge and ability to apply advanced quantitative modeling techniques in various aspects of banking supervision; these techniques can encompass the following: 


* In-depth knowledge of and experience in model development and maintenance/model risk management (data preparation, modeling, monitoring model performance, model validation and replication) 


* Advanced data analysis skills (sourcing and collecting, cleaning and validating the data for accuracy and completeness, data transformation, analyzing and interpreting the data, creating data analysis tools to identify patterns and trends) 


* In-depth knowledge of and ability to flexibly apply modern statistical and econometric techniques (such as supervised and unsupervised learning, natural language processing, etc.) 


* Understand the qualitative aspects of the supervisory activities and practices and ability to apply advanced quantitative modeling techniques to these aspects as required by the specific job assignment.

Examples of such qualitative aspects can include but are not limited to: 


* Capital and liquidity planning/management processes at complex banking organizations 


* Management of various types of risk (retail, wholesale, trading, operational, balance sheet risk, interest rate risk, etc) at complex banking organizations 


* Stress testing conducted by complex banking organizations and the Federal Reserve System 


* Supervisory/accounting guidelines, rules, regulations 


* Various aspects of bank holding companies’ business such as trading, retail credit, wholesale credit, income and loss statements 


* Banking industry and credit conditions in general; and regional banking conditions. 


* Prepare clear and concise written finding summaries, workpapers, and supervisory documents; and present the findings to project-related audiences  


* Collaborate with supervisory personnel at the Board of Governors, other Reserve Banks, other regulatory agencies, and manage interactions across a number of supervised institutions;  


* Participate in, contribute and/or lead System workgroups and projects related to area of expertise and emerging risks 


* When required, participate on exams, inspections, and perform analyses of complex BHCs to determine compliance with supervisory expectations 


* When required, coordinate and lead meetings with senior manage...