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Senior Research Analyst

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Federal Reserve Bank of Chicago

Jan 17, 2025

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

AI generated summary

  • You need a bachelor's degree in economics, business, finance, or public policy, 5 years of experience, strong analytical skills, advanced MATLAB, and knowledge of statistical methods and programming.
  • You will analyze financial and economic data, compile reports, conduct market research, design analytical models, and contribute to or lead project teams as needed.

Requirements

  • Bachelor's Degree or equivalent experience as noted below
  • Major in economics, business, finance, or public policy preferred
  • Progress toward or completion of Master's Degree preferred
  • Minimum 5 years of experience with 2-3 years direct analysis experience
  • Excellent analytical and problem-solving skills
  • Strong written and oral communication skills
  • Strong interpersonal and teamwork skills
  • Demonstrated project management skills
  • Able to work on multiple projects at one time
  • Excellent knowledge of business practices and statistical methods
  • Advanced MATLAB programming.
  • Intermediate Stata, R, and Python programming.
  • Intermediate SQL and Database Management.
  • Intermediate LaTeX.
  • Version Control and Test-driven development.
  • Experience with Bloomberg, Haver, FRED
  • This is a hybrid position requiring a minimum of three days per week in office.
  • This position has additional screening requirements due to the information accessed while performing the job. These additional screenings would be initiated at the time of offer acceptance and can take approximately two months to be completed. The screening covers areas such as education/employment verification, criminal history, credit history, and reaches out to your references and people that know you well.
  • 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 U.S. citizen and meet other eligibility requirements. In addition, all candidates must undergo applicable background checks 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.
  • As a condition of employment, Federal Reserve Bank of Chicago employees must comply with the Bank’s ethics rules, which generally prohibit employees, their spouses/domestic partners, and minor children from owning securities, such as stock, of banks or savings associations or their affiliates, such as bank holding companies and savings and loan holding companies. If you or your spouse/domestic partner or minor child own such securities, and would not be willing or able to divest them if you accepted an offer of Bank employment, you should raise this issue with the recruiter for this posting, who can provide you contact information for our ethics official if necessary.

Responsibilities

  • Performs complex analysis and projections of financial, economic or demographic data
  • Compiles data, and prepares written reports, graphs and charts
  • Conducts market research, trend analysis and prepares forecasts
  • Designs new analytical models, databases or applications
  • Develops a variety of written materials from basic to sophisticated content for various audiences
  • Frequently contributes to project teams and may lead smaller project teams as needed
  • Performs other duties as requested

FAQs

What is the job title for this position?

The job title is Senior Research Analyst.

Where is this job located?

This job is located at the Federal Reserve Bank of Chicago.

What are the primary responsibilities of a Senior Research Analyst?

The primary responsibilities include performing complex analysis of financial, economic, or demographic data, compiling data, preparing reports and forecasts, conducting market research, designing analytical models, and developing various written materials.

What educational qualifications are preferred for this position?

A Bachelor’s Degree in economics, business, finance, or public policy is preferred, along with progress toward or completion of a Master's Degree.

How many years of experience are required for this role?

A minimum of 5 years of experience is required, including 2-3 years of direct analysis experience.

What technical skills are necessary for this job?

Necessary technical skills include advanced MATLAB programming, intermediate skills in Stata, R, Python, SQL, and LaTeX, along with version control and test-driven development experience.

What is the expected salary range for this position?

The expected starting salary range is between $94,300 and $111,500 annually, in addition to annual performance-based discretionary bonuses.

Is this position fully remote?

No, this is a hybrid position requiring a minimum of three days per week in the office.

What type of background checks are required for this position?

The position requires education/employment verification, criminal history, credit history checks, and reference checks as part of the background screening process.

Are candidates who are not U.S. citizens or permanent residents eligible for this position?

Yes, they may be eligible if they sign a declaration of intent to become a U.S. citizen and meet other eligibility requirements.

What is required regarding ownership of securities as an employee of the Federal Reserve Bank?

Employees must comply with the Bank’s ethics rules, which generally prohibit them, their spouses/domestic partners, and minor children from owning securities of banks or savings associations or their affiliates.

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Federal Reserve Bank of Chicago

The Chicago Fed's success depends on the skills and talents of many people from different backgrounds.

Finance
Industry
1001-5000
Employees
1914
Founded Year

Mission & Purpose

We serve the public interest by fostering a strong economy and promoting financial stability. Operating with a head office in Chicago and a branch office in Detroit, we serve the Seventh Federal Reserve District, an economically diverse region that includes all of Iowa and most of Illinois, Indiana, Michigan, and Wisconsin. Our success depends on the skills and talents of many people from different backgrounds. We support a diverse and inclusive workplace, where employees are respected, treated fairly, and given equal opportunities to perform to their fullest potential.