Quantitative Analyst – Capital Markets recruitment

This broad mission remains today for the Federal Reserve Bank of Minneapolis and the 11 other Federal Reserve Banks, each serving a specific region of the country with the reputation of one of the world’s most influential, trusted and prestigious financial organizations.
 
The Federal Reserve Bank of Minneapolis, like the other 11 regional Reserve Banks, is organized much like private corporations, with their own boards of directors and their own employee compensation and benefits plans. It is an independent entity within the government, having both public purposes and private aspects.
 
The Quantitative Analyst will assist the Banking and Policy Studies Group with their ongoing research and monitoring efforts.  This team, operating within the Supervision and Regulation Division, is engaged in projects relating to monetary policy, banking oversight, and capital markets analysis.  Our work requires quantitative expertise coupled with interest in capital markets and the financial sector of the economy.
 
Responsibilities include:
Provides analyses of economic, financial and accounting data to answer policy-related questions or assess financial institutions for senior Reserve Bank management.

Maintain and enhance current monitors of capital market features that influence or reflect expected inflation, systemic risk, and the health of financial institutions. Communicates changing conditions to senior Bank leadership and Federal Reserve System audiences.
 
Develop and maintain a database of key financial variables used in ongoing analysis and reporting.  Automate procedures for database updates, analysis, and reporting.
 
Build knowledge of academic literature related to banking supervision and capital markets.  Implement mathematical techniques suggested by academics and practitioners.
 
Write results of analyses for public and FRS staff and managers.

Respond to economic issues and data requests from Bank management, providing data for short-term analyses; develops expertise on gathering data from a wide range of sources; stays current on data source developments both inside and outside the Federal Reserve System.
 
Senior level plays an important role in longer-term applied research projects and follows relevant financial market and empirical research developments in the press and academic literature; attends conferences and seminars. 

 
Qualifications:
Education:
Bachelor's degree with coursework in economics, financial analysis, computer programming, database analysis, financial modeling, or statistics. Master's degree preferred.  
 
Experience:
Quantitative Analyst: Experience in statistical programming and working with complex data management issues; skills to translate complex mathematical ideas into functioning computer models. 
 
Senior Quantitative Analyst: 5 or more years of experience in statistical programming and working with complex data management issues; skills to translate complex mathematical issues into useful tools for policy analysis and risk measurement. 
 
Primary skill set to include:
Demonstrated programming proficiency with statistical software such as Stata, SAS, S-PLUS, or MATLAB, and working with large data sets. 
 
Familiarity with capital markets, database management, computer programming, economic concepts, economic data sources and data presentation software.
 
Ability to work independently but also collaborate productively on team projects.
 
Effective written communication and presentation skills.
 
A requirement of this position is that the employee must be a "Protected Individual." A "Protected Individual" includes but is not limited to: (1) a citizen or national of the U.S.; or (2) an alien who is lawfully admitted to the U.S. for permanent residence and who applies for citizenship within six months of being eligible to apply for citizenship and, if offered a position with the Federal Reserve Bank of Minneapolis, will sign a Declaration of Intent to Become a United States Citizen.
 
Interested applicants must apply online at www.minneapolisfed.org
 
Federal Reserve Benefits
Our excellent comprehensive benefits package includes medical, dental and life insurance, 4 weeks annual vacation allowance, 10 paid holidays, sick time, immediate eligibility in a 401(k) plan with 100% employer matching contribution on employee contributions up to 6% of salary, defined retirement plan, immediate eligibility for tuition assistance, short-term disability benefits, domestic partner benefits and much more! We also have an on-site fitness center and are conveniently located in downtown Minneapolis on the riverfront at 90 Hennepin Ave.
 
The Federal Reserve Bank of Minneapolis is committed to equal opportunities for employees and job applicants alike, and to an environment where employees can work effectively with and value other employees for their differences.