- Agency
- Federal Reserve Bank of Chicago
- Location
- Chicago, IL
- Website
- https://frb.taleo.net/careersection/2/jobdetail.ftl?job=266285&lang=en&src=LinkedIn
- Description
- Job Summary: The Federal Reserve Bank of Chicago’s Wholesale Credit Risk Center (WCRC) uses data and models to inform banking supervision. Whether modeling wholesale credit risk for Dodd Frank Act Stress Testing (DFAST), probing the inner workings of models used by large banks or creating tools used for the ongoing monitoring of credit markets, the WCRC applies statistical analysis in innovative ways to help supervise the financial system. As such, the WCRC is looking for an enthusiastic, technically-skilled individual who can provide leadership in the research, development and implementation of supervisory models used for bank stress testing and monitoring wholesale credit risk.
- Qualifications
- PhD in a highly quantitative field such as economics, mathematics, statistics with up to three years of relevant industry experience or Master's Degree in a highly quantitative field such as mathematics, statistics, or quantitative finance and five plus years of relevant industry work experience is required Experience in developing or validating mathematical models Demonstrated experience programming in one or more languages such as Matlab, C/C++, Python, R, SAS or Stata and best practices in software development, including version control, unit and regression testing Demonstrates the ability to understand and execute risk-focused supervision and processes, and the ability to help others to do so Demonstrates the ability to apply complex concepts and inter-dependencies in completing tasks Demonstrates highly advanced analytical and problem solving skills Demonstrates independent and critical thinking and decision making abilities as well as have strong written and oral communication abilities Demonstrates the ability to provide effective direction or consultation Possesses the ability to coach/guide and provide constructive feedback to all levels of staff Possesses strong teamwork skills and the ability to build and work collaboratively within and across work teams Demonstrates the ability to effectively lead a team without authority and to resolve moderately complex to complex issues Demonstrates the ability to manage time and projects effectively by adjusting quickly to new and different priorities Demonstrates aptitude to leverage relevant technology and software applications Possesses general business acumen
- Job Number
- 266285
- Contact Person
- Kyle Binder
- Contact Phone
- 312-322-8487|
- Contact eMail
- Kyle.E.Binder@chi.frb.org