JOE Listings (Job Openings for Economists)

February 1, 2019 - July 31, 2019

The Federal Reserve Bank of Chicago

This listing is inactive.
Supervision & Regulation
Senior Quantitative Specialist - Stress Test Modeler

JOE ID Number: 2019-01_111462354
Date Posted: 02/13/2019
Date Inactive: 07/31/2019
Position Title/Short Description
Title: Senior Quantitative Specialist - Stress Test Modeler
Section: Full-Time Nonacademic
Location: Chicago, Illinois, UNITED STATES
JEL Classification: D -- Microeconomics
Senior Quantitative Specialist - Stress Test Modeler
Full Text of JOE Listing:

Senior Quantitative Specialist - Stress Test Modeler


Banking supervision relies on data and models. Whether modeling wholesale credit risk for Dodd Frank Act Stress Testing (DFAST), probing the inner workings of models used by large banks or conducting research on better ways to monitor financial stability, the Federal Reserve Bank of Chicago’s Wholesale Credit Risk Center (WCRC) employs cutting edge statistical analysis in innovative ways to foster an efficient and stable financial system.

• Develop and implement supervisory models around wholesale credit risk with a focus in commercial real estate
• Apply quantitative tools, perform advanced statistical analysis using banking, financial, and economic data
• Prepare and present model analysis to senior stakeholders
• Develop credit portfolio analytics and conduct empirically-based studies to support assessment of risk in wholesale lending activities of large bank holding companies
• Support other Federal Reserve System initiatives related to DFAST and CCAR
• Up to 25% of time spent conducting independent research in SME areas

Education & Experience
• PhD or post masters course work in economics, finance or other quantitative field
• 3+ years work-related experience
• Econometric modeling experience using large datasets required, SAS, Stata, R, SQL, Matlab, Python

Application Requirements:
  • External Application URL and Instructions Below
Application Instructions:
Requisition #258733
Senior Quantitative Specialist - Stress Test Modeler