Quantitative Fellowship Program - Federal Reserve System

Overview

Join to apply for the Quantitative Fellowship Program - Federal Reserve System role at Federal Reserve Bank of Minneapolis.

The QFP is a two-year rotational program designed to develop candidates with strong analytical skills into full-time quantitative analysts within the Federal Reserve System. Fellows will have the opportunity to work on-site at multiple Reserve Banks across the Federal Reserve System, including the Board of Governors location in Washington, D.C. The program includes significant training and professional development in topics such as stress test modeling, analyzing financial institution portfolios, and model risk management and validation.

Upon completion, there is potential placement in a full-time quantitative role within the Federal Reserve System.

• A graduate degree in a quantitative discipline such as economics, engineering, mathematics, quantitative finance, statistics, or data science
• An excellent academic record
• Experience programming in Matlab, Python, R, SAS, or Stata
• Ability to manage and analyze large data sets
• Experience in developing or validating mathematical or statistical models
• Ability to present technical issues to nontechnical audiences and to clearly articulate findings verbally and in writing
• Willingness to travel throughout the duration of the program
• Meet the Protected Individual requirement. See Note 1.

• This position requires access to confidential supervisory information (CSI) and/or Federal Open Market Committee (FOMC) information. Access to CSI and FOMC information is limited to U.S. citizens, lawful permanent residents, individuals who meet the definition of “protected individual” under 8 U.S.C. 1324b(a)(3), and certain other nonimmigrants. Candidates who are not U.S. citizens must sign a declaration of intent to expeditiously become a U.S. citizen when eligible.
• Compensation and benefits may vary by home-base location.

• Job Type: Full-time
• Work Shift:
  
  First (United States of America)

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.