Financial Stability Market Monitoring Quantitative Analyst – Markets recruitment

The Financial Stability Market Monitoring (FSMM) staff seeks an experienced analyst to facilitate and carry out the quantitative assessment of systemic risk. The candidate will develop quantitative tools that help identify and measure risks in financial markets and institutions that could lead to disruptions in leverage, funding patterns, and asset prices. The analyst's work will help facilitate the Bank's analysis of systemic risk issues and help inform the broader policy community in its supervision of large financial institutions.

Responsibilities

· Conduct detailed and complex analysis and present findings and policy recommendations to senior policy makers

· Prepare briefings regarding the evolving risks and innovations to the global financial landscape

· Collaborate within Federal Reserve System and on cross-disciplinary projects to understand the impact of leverage, funding/financing, investor flows, positioning, new investment vehicles and financial instruments on financial stability

· Design robust models and quantitative tools to assess financial risks and the impact of financial sector activities to financial stability

· Identify data needed to shape analysis across a wide range of areas including the financial activities and condition of corporations and households, international capital flows, indicators of monetary policy stance, and foreign exchange developments

Skills

· Masters or doctorate degree in economics, finance, or a related field strongly preferred

· A minimum of 6 years relevant work experience

· Solid understanding of theory and empirical techniques related to modeling financial risk

· Solid understanding of banking and financial intermediaries as well as detailed knowledge of financial markets and instruments

· Demonstrated interest in financial markets, financial structures, and quantitative risk management

· Familiarity with Matlab, SAS, or other analytical software

· Ability to work collaboratively as a part of a team as well as independently

· Strong written and verbal communication skills, ability to articulate complex issues succinctly and arrive at sound conclusions

· Ability to manage a large complex data set and to organize and interpret time series and cross-sectional data

This position requires access to 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, U.S. permanent residents who are not yet eligible to apply for naturalization, and U.S. permanent residents who have applied for naturalization within six months of being eligible to do so.