Data Scientist / Senior Data Scientist (Atlanta / Miami)

CompanyFederal Reserve Bank of Atlanta

Creates descriptive and diagnostic analytics that explore data and relationships between involved entities and events, culminating in predictive or prescriptive analytics.
Models complex problems by discovering insights and identifying opportunities using statistical, algorithmic, mining and visualization techniques.
Facilitates obtaining data from a variety of different sources, in the right formats, assuring that it adheres to data quality standards, as well as resolving any information flow and content issues.
Proficient at architecting, integrating, and preparing large, varied datasets. Consults and advises on best practices for data manipulation.
Develops or assists in the development of internal MIS tools and other technologies to support risk identification and enhancing processes.
Creates visualizations to facilitate information sharing. Also, works closely with clients and IT teams to turn data into critical information that can be used to make sound business decisions.
Contributes to building perspectives
on industry modeling approaches for a variety of business problems. Serves as an internal consultant to staff, Department officers, and Reserve Bank management.
Has an understanding of economics, finance, mathematics and/or computer science.

This position is a multifunctional role working on application filings and enforcement cases.
• Evaluates and reviews financial, managerial, competitive, and convenience and needs statutory factors for expansionary proposals.
• Lead the evaluation, development, and review of enforcement actions and work with examination teams to ensure a comprehensive and consistent evaluation of legal and regulatory requirements.
• Build and maintain strategic work relationships and networks with both internal and external stakeholders, such as other Reserve Banks, Board staff, and other agencies.
• Demonstrates balanced, well-reasoned judgement in decision making and can effectively communicate with senior management and directors of supervised institutions under potentially adversarial circumstances.
• Assess institutions’ overall condition, risk management systems, and compliance with applicable laws, regulations, statutes, and board policy.
• Investigate cases in the 6th District involving financial institution staff who’ve committed fraudulent or untrustworthy acts.
• Performs or assists in reviewing and editing work prepared by others for content, clarity and accuracy.
• Participates in a variety of continuing professional development programs. Maintains knowledge of current regulations and industry issues through communications and industry literature.
• Develops and recommends appropriate supervisory actions to ensure sound practices. Prepares informative, well-supported supervisory products and work papers as well as coordinate and lead
Onsite Work Expectation: The Bank believes in flexibility to balance the demands of work and life while also recognizing the necessity of connecting and collaborating with our colleagues in person. Onsite work is an essential function of this position, and you are required to be onsite according to the schedule set by your management.

Key Responsibilities: 

• Independently identifies opportunities to enhance Bank processes through the use of financial and/or nonfinancial data and analytics. 

• Serves as a subject matter expert in quantitative, and technology initiatives within the Federal Reserve System. 

• Conducts complex data analysis and modeling using statistical, econometric, or AI/ML techniques to meet business needs. 

• Develops analytics such as SupTech (S&R only), and MIS with transparent documentation supporting the development and uses of the tools in line with internal policies and procedures. In addition, appropriately tests, maintains and monitors the tool or develop a plan for these responsibilities to be covered. May also review other internally developed tools for quality assurance purposes, including validity of information produced and identification of related information which may be meaningful.

• Understands key business drivers and advises on best ways to manipulate data to provide insights and outcomes. Identifies available and relevant data, including internal and external data sources, leveraging new data collection processes and channels.

• Works with stakeholders and analysts to identify business requirements and expected outcomes. Works iteratively with customers, validating findings along the way and seeking and responding to feedback.

• Develops experimental design approaches to validate or test hypotheses.

• Creates visualizations to help end-users understand and use results of analysis/models/tools.

• Works to design, develop, and implement data architecture strategies and solution recommendations in support of business strategies. 

• Works with data stewards to ensure that information used follows regulatory and security policies in place. 

• Collaborates with data stewards to ensure that information used follows the compliance, access management, and control policies and that it meets the qualification and assurance requirements.

• Provides business metrics for projects to show improvements, and monitors improvements both initially and over multiple iterations.

• Serves as a resource in quantitative analytics for Bank, department management, and senior staff. Maintains proficiency in advanced statistical/analytical methods and methodologies; and monitors white papers, industry developments and other key knowledge sources.

• Identifies opportunities for reuse of coding assets through modular code design and sharing through platforms such as Gitlab.

Education:

Bachelor's Degree or 4 years equivalent experience, Master’s Degree preferred

Experience:

Three to five years

Functional Knowledge Preferences
KnowledgeAreas:
• Data and General Architecture Principles
• Maturity Models and Business Processes
• Emerging Technologies, Strategic and Analytical skills
• Quantitative skills, advanced degrees in STEM fields and knowledge of statistical/econometric/AI/ML method

Technical Skills:
• Architecture Frameworks and Methodologies
• Data Management Standards and Frameworks
• Data Analytical & Business Intelligence Tools
• Proficient with at least one widely used statistical or data science programming language (such as R or Python)

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

• Education Assistance Program

• 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 TimeFull time

Regular / TemporaryRegular

Job Exempt (Yes / No)Yes

Job CategoryData Analytics Family Group

Work ShiftFirst (United States of America)

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.

Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.

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