Financial Economist/Senior Financial Economist

Company Federal Reserve Bank of Boston

• Conduct original research supporting senior stakeholders and high priority initiatives in the Reserve Bank and the System. Although the nature of the research varies over time, it will often involve financial stability or topics in banking and financial markets more broadly. The work is conducted in a manner that would meet peer review standards and provide an excellent standard of support for the relevant stakeholders.
• Participate in supervisory activities on the Bank and System level requiring use of quantitative techniques. These activities can include supervision and/or stress testing of systemically important financial institutions and can encompass such aspects as asset valuation, trading strategies, risk assessment, risk management, stress testing and capital allocation.
• Participate in System workgroups and projects as required.
• Develop and make presentations to the Reserve Bank's President, senior staff and System policy makers.
• Initiate, perform, and publish research projects in peer-reviewed academic journals. Present original research at academic conferences in the areas of finance, banking, and economics.
• Perform other duties as required.
• Overnight travel up to 25 percent.

• Thought leader on research supporting senior stakeholders and high priority initiatives in the Reserve Bank and the System.
• Manage projects, lead teams of 3-5 economists and analysts, and act as an individual contributor in the following areas:
  • Initiate, perform and publish research projects
  • Identify and complete empirically-based projects designed to support credit risk, market risk, operational risk, and other risks faced by financial firms
  • Contribute to the understanding of causes of financial instability using knowledge and data gained through supervisory process and other sources.
• Lead Reserve Bank and System workgroups and projects related to financial stability, risk quantification, and other issues related to banking and finance.
• Provide guidance, training, and supervision of junior staff members and participate in development of SRA's research agenda.

• Provide guidance, training, and supervision of junior staff members and participate in development of SRA's research agenda.
• Knowledge and experience normally acquired through the completion of a Ph.D. in finance and/or economics is required.
  • A degree from a top 50 department is required.
• Comprehensive econometric modeling experience is required, including demonstrated use of at least one of the following: Stata, R, Matlab, Python, SAS, or equivalent.
• Ph.D. concentration in an area with direct application to the unit's work in bank supervision and financial stability.
• Ability to travel is required.

• Targeting 5+ years post-Ph.D. graduate experience within context of financial economics, and/or banking system research.
• Strong background in financial economic theory combined with strong skills in applied empirical work, including econometrics.
• Reflects intellectual diversity, invigorates problem solving, and contributes to collective intelligence of the team.
• Highly collaborative with ability to work across all organizational levels.
• Manages time and multi-tasking to meet competing project demands.
• Continuously expands knowledge in area of expertise, identifying the implications of changing business and market conditions, and thinking outside of the box to develop creative solutions to these emerging problems.
• Uses rigorous approaches and good judgment to solve problems.
• Effectively articulates analysis and decisions verbally, and in well-developed, robust written analysis memos and papers.
• Blends people into strong, productive operating teams.