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Senior Financial Economist

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Federal Reserve Bank of Philadelphia

Jan 21

  • Job
    Full-time
    Senior & Expert Level
  • Research & Development
    Banking & Finance
  • Philadelphia
  • Quick Apply

AI generated summary

  • You should have a PhD (or expect to defend by summer 2024), a solid publication record, and be eligible for access to confidential supervisory information. Hybrid on-site work is required.
  • You will develop a research agenda on consumer credit, fixed income, and bank risks while leading data management initiatives and providing expertise in supervisory efforts.

Requirements

  • Applicants with a background in areas such as applied micro, econometrics, credit risk, household finance, fixed income, real estate economics, financial institutions, banking supervision are preferred.
  • The ideal applicants will have a completed PhD or a firm expectation of defending their PhD by summer 2024.
  • The Financial Economist position is aimed at early-career researchers.
  • The Senior Financial Economist position is aimed at seasoned researchers with an established publication record in top finance and economics journals.
  • This position requires access to confidential supervisory information and/or FOMC information, which is limited to "Protected Individuals" as defined in the U.S. federal immigration law.
  • Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, and U.S. permanent residents who either are not yet eligible to apply for naturalization or who have applied for naturalization within the requisite timeframe.
  • Candidates who are not U.S. citizens or U.S. permanent residents may be eligible for the information access required for this position and sponsorship for a work visa, and subsequently for permanent residence, if they sign a declaration of intent to become a permanent resident and a U.S. citizen and meet other eligibility requirements.
  • In addition, all candidates must undergo an applicable background check and comply with all applicable information handling rules, and all non-U.S. citizens must sign a declaration of intent to become a U.S. citizen and pursue a path to citizenship.
  • Background investigations and drug testing are required for all new hires as a condition of employment, after the job offer is made.
  • Candidates for positions deemed as "safety sensitive" will also be screened for the presence of marijuana.
  • Employment may not begin until the Bank accepts the results of the background investigation.
  • All employees will be subject to FBI fingerprint / criminal background and Patriot Act/ Office of Foreign Assets Control (OFAC) watch list checks at least once every five years.
  • This is not a 100% remote opportunity.
  • You will be available to work on-site in at least a hybrid capacity.

Responsibilities

  • The ideal candidate will have substantial opportunity to develop his/her own research agenda, preferably directed towards research on consumer credit, fixed income securities, lending and bank risks, real estate, climate risk, 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.

FAQs

What is the primary role of the Senior Financial Economist position at the Federal Reserve Bank of Philadelphia?

The primary role is to develop a research agenda focused on consumer credit, fixed income securities, lending and bank risks, real estate, climate risk, and regulatory policies related to these areas while serving as a subject matter expert.

What qualifications are preferred for applicants applying for the Senior Financial Economist position?

Preferred qualifications include a background in applied microeconomics, econometrics, credit risk, household finance, fixed income, real estate economics, financial institutions, and banking supervision, with an established publication record for seasoned researchers.

Is a PhD required for this position?

Yes, applicants are required to have a completed PhD or a firm expectation of defending their PhD by summer 2024.

What benefits are offered to employees at the Federal Reserve Bank of Philadelphia?

The Bank offers a comprehensive benefits package including medical, dental, and vision insurance, a 401k plan with employer match, pension plan, paid vacation/sick time, commuter allowance, flexible spending accounts, life insurance, tuition reimbursement, and more.

Are there any specific information handling requirements for this position?

Yes, access to confidential supervisory information and/or FOMC information is required, which is limited to "Protected Individuals" as defined by U.S. federal immigration law.

How does the Federal Reserve Bank of Philadelphia approach diversity and inclusion?

The Bank is committed to recruiting, developing, and retaining a diverse workforce and has eight employee resource groups (ERGs) to support this initiative.

What is the work format for this position?

This is not a 100% remote opportunity; the position requires on-site work in at least a hybrid capacity.

Will candidates undergo a background check?

Yes, all candidates must undergo a background investigation and drug testing as a condition of employment.

What type of research does the RADAR group focus on?

The RADAR group focuses on quantitative risk analysis in the areas of retail credit risk and fixed income, as well as initiatives like stress testing exercises and data management strategies.

How can candidates apply for this position?

Candidates can apply by submitting a resume and cover letter through the Federal Reserve System Careers website or verified Federal Reserve Bank social media channels.

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Federal Reserve Bank of Philadelphia

Finance
Industry
501-1000
Employees
1914
Founded Year

Mission & Purpose

The Federal Reserve Bank of Philadelphia helps formulate and implement monetary policy, supervises banks and bank holding companies, and provides financial services to depository institutions and the federal government. One of the 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System, the Philadelphia Federal Reserve Bank serves eastern Pennsylvania, southern New Jersey, and Delaware. Follow us on Twitter: @philadelphiafed