The St Louis Fed is one of 12 Reserve Banks serving all or parts of Missouri, Illinois, Indiana, Kentucky, Tennessee, Mississippi and Arkansas. The St. Louis Fed’s responsibilities include promoting stable prices, economic growth and a sound financial system, providing payment services to financial institutions, supporting the U.S. Treasury's financial operations, and advancing economic education, community development and fair access to credit.
Overview
We are looking for an experienced Banking Economist to produce high-quality research related to banking and financial regulation for our Supervisory, Policy, Research and Analysis (SPRA) unit. As our Economist, you will report to the Manager of SPRA and provide relevant, and comprehensive data analysis products by working collaboratively across the Division and upholding the rigor of the Bank's research standards.
The Supervisory Policy, Research, and Analysis (SPRA) unit is a team comprised of economists and analysts providing specialized research and data support on the banking business model, banking conditions and economic trends to Bank and System leadership and staff and external partners. The SPRA unit is part of the Community Bank Research and Outreach Office within the Supervision Division.
Responsibilities
- Conduct new and primary research on the community banking industry, often using confidential supervisory data, for submission to publication in scholarly journals, the annual Community Banking in the 21st Century research and policy conference, and in Federal Reserve and other publications and online outlets;
- Lead research projects from conception to completion;
- Provide specialized support through statistical analysis, memos, and presentations, to Unit, Division, Bank, and System economists, analysts, and other bank officials as requested, especially on matters about the community banking field;
- Review and organize banking, economic, and financial data;
- Participate in research symposia, outreach events and in other forums that produce new knowledge about the community banking industry and build interest in community bank research;
- Participate in a Federal Reserve System (internal) community bank research group, and contribute to collaborative research with researchers throughout and beyond the System
Qualifications
- Master's degree in economics or related field
- 3 years of experience in economic analysis with a focus on current banking, financial, and regulatory conditions and issues.
- Write programs to analyze and manipulate large datasets using different statistical software packages (e.g., SAS, Tableau, R, or Python)
- Understanding of current banking, financial, and regulatory conditions and issues
- Experience conducting research, analyzing time-series, financial, and transaction data.
- Knowledgeable of data science and predictive modeling best practices, empirical research methodologies, hypothesis testing, and quantitative analysis.
- Travel (5%)
- Position requires US Citizen or lawful permanent resident intending to become a citizen who meets certain other requirements
Benefits
Our organization offers benefits that are the best fit for you at every stage of your career:
· Pension plan, 401K, Comprehensive Insurance Plans, Tuition Reimbursement Program, Onsite Wellness & Fitness Center, Backup Dependent Care (Child & Adult), and more
Ranked as the #2 Top Workplace in the St. Louis Region in 2020, the Federal Reserve Bank of St Louis is committed to building an inclusive workplace, where employees’ diversity—in age, gender, race and ethnicity, sexual orientation, gender identity or expression, disability, and cultural traditions, religion, life experiences, education and socioeconomic backgrounds—are recognized as a strength. Embracing our diversity encourages employees to bring their valued perspectives to the table when generating ideas and solving problems and promotes an environment where innovation and excellence grow. Learn more about the Bank and its culture; check out our Careers Site.
The Federal Reserve Bank of St Louis is an Equal Opportunity Employer.
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, you must undergo a background check 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.