Job Description:

Company

Federal Reserve Bank of Atlanta

When you join the Federal Reserve—the nation's central bank—you’ll play a key role, collaborating with leading tech professionals to strengthen and protect our economic, financial and payments systems. We dedicate more than $1 billion to technology each year to support the Federal Reserve and our economy, and we’re building a dynamic and diverse team for our future.

Bring your passion and expertise, and we’ll provide the opportunities that will challenge you and propel your growth—along with a wide range of benefits and perks that support your health, wealth, and life. In addition to competitive compensation, we offer a comprehensive benefits package that includes tuition assistance, generous paid time off, top-notch health care benefits, child and family care leave, professional development opportunities, a 401(k) match, pension, and more. All brought together in a flexible work environment where you can truly find balance.

Position Summary

Acts as a technical expert and lead quantitative developer within MARS, responsible for leading the most complex quantitative analytic initiatives in support of the financial institution supervision function in examinations, inspections. Leads analyses of complex BHCs’ using quantitative techniques and advanced analytics in Real Estate and various risk management activities including credit risk, market risk, liquidity risk, operational risk, and capital allocation. Develops and leads the implementation of industry modeling approaches and advanced analytics techniques for a variety of business problems within MARS. Responsible for designing, maintaining a development framework that can be used consistently across MARS that supports best practices, modular design, and business continuity. Participates in Federal Reserve System reviews of regulated firms’ capital and liquidity adequacy (e.g. CECL, DFAST, stress testing, HLR) and conducts additional quantitative analysis related to capital adequacy processes of large BHCs, including the analysis of loss estimation and pre-provision net revenue methodologies. May contribute to Federal Reserve System internal model development or validation. Remains aware of and contributes to the understanding of industry-wide risk exposure and better practices in risk management. Develops and shares an informed perspective on quantitative risk management. Acts as an internal consultant to quantitative specialist, examination staff, Department officers, and Reserve Bank management and assists in the execution of Bank supervision and regulatory policy. Leads and oversees projects as well as checks and approves the work of others.

A requirement of this position is that the employee must be fully vaccinated against COVID-19 or qualify for an accommodation from the Bank’s vaccination policy. To provide for the health and safety of its employees and support the Bank’s mission to the greatest extent possible, the Bank decided to adopt this requirement after careful review of public health information, workforce data, employee feedback, and the Federal Reserve System’s pandemic recovery plans. The Bank requires all employees to be vaccinated fully against COVID-19 as a condition of employment.

Key Responsibilities:

• Act as lead quantitative developer for MARS over major initiatives in the division or the bank and provides technical oversight of the development work of quantitative colleagues to provide quality controls and ensure accuracy and completeness, adherence to policies and procedures, and best practices. Provides technical expertise and supports troubleshooting to solve developmental issues across the team. Provides business metrics for major projects to show progress, and monitors improvements both initially and over multiple iterations.


• Serve as a subject matter technical expert in the development of onboarding and training materials related to quantitative analysis for bank supervision. Responsible for ongoing mentoring, training and coaching for the technical development of staff. This includes identifying strengths and areas of improvement for staff for career long learning and providing guidance and resources for developing technical skill. Serve as an expert advisor in quantitative analytics for the system, Bank and SRC senior leadership, and staff.


• Provide technical expertise when leading efforts to critically evaluate model implementations including evaluation of underlying model construction, assumptions, and data constraints, and provide assessments of the quality of the overall methodologies that are currently in use or under consideration for adoption.


• Ensure business continuity by designing sustainable solutions and documenting key development information as well as execution, monitoring, and maintenance instructions.


• Maintains expert level skills in advanced statistical/analytical methods and methodologies; and monitor white papers, industry developments and other key knowledge sources.


• Lead and oversee development of SupTech and advanced analytics leveraged by the district and the system related to Risk Council, Capital, Liquidity, and Real Estate.


• Help identify ways to quantify hard-to-quantify risk such as compliance and cyber security.


• Understand key business drivers and advise on best ways to manipulate data to provide insights and outcomes.


• Identify available and relevant data, including internal and external data sources, leveraging new data collection processes and channels. Work with data stewards to ensure that information used follows division and regulatory and security policies in place.


• Solve data analytics problems and communicates results, methodologies, and limitations with the models.


• Work iteratively with customers, validating findings along the way. INTERNAL FR/OFFICIAL USE // EXTERNAL


• Identify opportunities for reuse of developmental artifacts.


• Assist with model risks and model risk management frameworks at large banks and BHCs to determine compliance with supervisory expectations; review and evaluate the adequacy and effectiveness of advanced risk management systems and quantification methodologies used to measure, report, mitigate and control risks, including the assessment of formal and informal risk models; review and evaluate the effectiveness of management, policies and procedures, risk exposure reporting, internal controls, and compliance with laws and regulations.


• Lead and participate in Federal Reserve System initiatives related to the assessment of advanced risk management frameworks, including but not limited to internal capital adequacy processes and specialized risk modeling. Leads the development of horizontal analytics of risk management practices across the District and within the Federal Reserve System


• Develop and maintain relationships and advises supervisory personnel at the Board of Governors, other Reserve Banks, other regulatory agencies, and manage interactions across a number of supervised institutions.

Education:  PhD preferred or 10 years equivalent experience

Experience:  15 or more years preferred

Knowledge Areas:

• Advanced quantitative skills and knowledge of statistical methods/tools for developing and validating risk management and capital stress models


• Project Management Skills


• Comprehensive Modeling Skills


• Emerging Technologies, Strategic and Analytical skills

Technical Skills:

• Proficient with widely used statistical or mathematical programming language such as Python, SAS, R, MATLAB, etc. preferred


• Advanced Data Management Standards and Frameworks


• Advanced Data Analytical & Business Intelligence Tools

Individual Competencies

• Demonstrates Self-Awareness


• Problem Solving


• Action-Oriented


• Collaborates


• Communicates Effectively

Our total rewards program offers benefits that are the best fit for you at every stage of your career:

• Comprehensive healthcare options (Medical, Dental, and Vision)


• 401K match, and a fully funded pension plan


• Paid vacation and holidays; flexible work environment


• Generously subsidized public transportation


• Annual tuition reimbursement


• Professional development programs, training and conferences

• And more…

This is not necessarily an exhaustive list of all responsibilities, duties, performance standards or requirements, efforts, skills or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed when circumstances change (e.g. emergencies, rush jobs, change in workload or technological developments).

The Federal Reserve Bank of Atlanta is an equal opportunity employer.

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

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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Salary: $145,900.00

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