hero



Business Economist

Federal Reserve Bank of Minneapolis

Federal Reserve Bank of Minneapolis

St. Louis, MO, USA
Posted on Wednesday, July 19, 2023

Company

Federal Reserve Bank of St. LouisWe are looking for an experienced Business Economist to produce high-quality analysis related to banking and financial regulation for our Supervisory, Policy, Research and Analysis (SPRA) unit. 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. You will work onsite in our St. Louis office.

The 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

  • Collaborate with a team of economists, bank examiners, and analysts to translate complex macroeconomic and industry trends in the banking sector;
  • Synthesize global and regional economic and financial data to provide insightful analysis for presentation to key constituents, including senior leaders of the Bank;
  • Review and organize banking, economic, and financial data using statistical analysis;
  • Assist in data provisioning needs for the team and Division by writing programs to query and summarize large datasets using different statistical and programming languages;
  • Participate in outreach events and other forums related to the community banking industry, including providing support for the Community Bank Research Conference hosted by the Federal Reserve Bank of St. Louis;
  • Participate in the Federal Reserve System (internal) community bank research group and contribute to collaborative research with peer researchers throughout and beyond the System.

Qualifications

  • Master's degree in economics, finance or in a related field
  • 3 years’ experience in economic analysis with a focus on current banking, financial, and regulatory conditions, and issues
  • Understanding of current banking, financial, and regulatory conditions, and issues
  • Proficient in coding and using statistical software packages (e.g., SAS, Tableau, R, or Python)
  • 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%)
  • Candidates with less experience may be considered at a lower job grade or salary
  • US Citizen or lawful permanent resident intending to become a citizen who meets certain other requirements

Total Rewards

Bring your passion and expertise, and we'll provide the opportunities that will challenge you and propel your growth—along with a wide range of benefits and perks that support your health, wealth, and life.

Salary: 117,000 - 150,000

In addition to competitive compensation, we offer a comprehensive benefits package that all brought together in a flexible work environment where you can truly find balance:

  • Generous paid time off
  • Flexible on-site work arrangements
  • Tuition & Training assistance/reimbursement
  • 401(k) match & Annuity/Pension fund
  • Top-notch health care benefits
  • Child and family care leave
  • Professional development opportunities
  • 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. 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.

All candidates 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.

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Economics/Research

Work Shift

First (United States of America)

The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. 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.

Privacy Notice