Quantitative Supervision Manager I - III

Federal Reserve Bank of Philadelphia



Philadelphia, PA

Why you should apply for a job to Federal Reserve Bank of Philadelphia:

  • 4/5 in overall job satisfaction
  • 5/5 in supportive management
  • Ratings are based on anonymous reviews by Fairygodboss members.
  • To ensure you’ll have time off to relax, we offer paid vacation, parental leave, paid sick time and other types of family leave.
  • We offer affordable, comprehensive health insurance and other programs to help you and your dependents manage your health and wellness.
  • We offer transit commuter flexible spending accounts and a transit subsidy for our employees to help defray the cost of getting to work.
  • #R-0000023907

    Position summary

    dividuals in telling the story behind the team's rich data, a strategic planning mindset, knowledge of consumer credit, and the technical background to direct a data-focused team. Given the public nature of the team's work and the impact of its internal supervisory analysis, the candidate should also demonstrate strong writing capabilities, attention to detail, a quality control focus, and strong organizational skills. Experience with large datasets or data visualization tools is a plus.

    FMG is a unit of the Risk Assessment, Data Analysis and Research (RADAR) group in SRC, which manages the largest collection of U.S. consumer finance and securities markets data. FMG supports the supervision of large banks by using detailed confidential supervisory data to identify emerging trends in consumer credit. The group also publishes a public quarterly narrative report and a selection of large bank credit card and mortgage trends. FMG also provides quantitative and examination support to Federal Reserve System activities and groups, including the annual Comprehensive Capital Analysis and Review (CCAR) assessment, the Dodd Frank Stress Test (DFAST), the Large Institution Supervision Coordinating Committee (LISCC), and the Large and Foreign Banking Organization (LFBO) management group.

    The following job description details the requirements for a Manager III - Quant Supervision. Applicants with less experience or education may be considered for the Manager I or Manager II - Quant Supervision position.

    To be considered for the position, please submit a resume and a cover letter explaining your interest.

    What You Will Do:

    • Provides leadership and direction to professional staff members to ensure that core business responsibilities of the function are effectively discharged in accordance with department, Bank, and System objectives, policies, procedures, and quality standards.

    • Conducts performance appraisals of team members and coach individuals toward achieving career development goals to ensure continuing professional development of staff.

    • Schedules training programs and teaching assignments; proposes salary changes, performance recognition awards, and promotions; and addresses disciplinary problems, if necessary.

    • Maintains a high level of technical expertise of the business unit's policies and procedures and matters that impact key business activities.

    • Remains vigilant of changing environmental factors and current events that may impact the business line and/or how it is supervised.

    • Creates and maintains effective relationships with other units and functions to prevent duplicative efforts and ensure that services meet quality and timeliness standards.

    • Assesses the effectiveness of existing work processes and products during environmental changes; System, Bank, or department initiatives; modifications to current processes or products; and, if needed, designs new approaches and products.

    • Participates in CCAR Retail Risk Evaluation Team activities, departmental and Bank wide projects, committees, and task forces as needed.

    • Acts independently to determine methods and procedures on new assignments.

    • Complies with all applicable information security policies, guidelines, and practices.

    • Fulfills job duties and responsibilities in conformance with sound safety practices.

    • Performs other duties as assigned.

    What You Have:

    • Ability to build effective teams in a hybrid environment by creating strong team morale and spirit; share wins and successes; ability to build and work within a team; define success in terms of the whole team; create a feeling of belonging.

    • Can manage all kinds and classes of people equitably; deals effectively with all races, nationalities, cultures, disabilities, ages, and sexes; and fosters inclusion.

    • Ability to create a motivating environment where people want to do their best, invite input from each person, and shares ownership and visibility.

    • Strong desire to lead; can take unpopular stances if necessary; encourage direct and tough debates; face adversity head on; and is energized by tough challenges.

    • Ability to develop direct reports by providing challenging tasks and assignments; hold frequent development discussions; construct compelling development plans; and cooperate with the developmental system in the organization.

    • Advanced written and oral communication, interpersonal, analytical, and problem-solving skills.

    • Ability to manage the communication process; active engagements in transferring technical knowledge; diffuses conflict and builds consensus.

    • Possess necessary technical skills to manage quantitative projects and staff.

    • Ability to produce banking analysis that enables System personnel to track retail credit industry trends.

    • Must have knowledge of and ability to analyze trends in banking and economic activity and review the team's work products and quarterly deliverables.

    • Ability to manipulate and perform analysis of large datasets is strongly preferred.

    • Master's degree in finance, statistics, economics, information systems or other related field is required, or equivalent related work experience and education.

    • Over 12 years' related work experience is required, with 6 years of experience managing and using large data sets.

    • Experience in banking supervision, risk management, model risk management, or economic research is strongly preferred.

    • Previous managerial experience strongly preferred.

    • Experience working on highly complex issues in which analysis of situations and data requires an evaluation of intangibles; exercises independent judgement in methods, techniques, and evaluation criteria for obtaining results.

    • Experience in a statistical programming language is strongly preferred.

    Other Requirements: Applicants must be able to provide work authorization to prove their eligibility to work in the United States. An applicant for employment also must be a U.S. Citizen, U.S. National, or hold permanent resident status with intent to become a U.S. Citizen.

    The salary grade for this position is: 16-18. Final salary and offer will be determined by the applicant's background, experience, and skills, and internal equity and alignment with market data.

    We offer a great benefits package that features:

    • Medical (4 options), Prescription, Dental (3 options), and Vision Insurance with no waiting period

    • 401k/Thrift Plan with generous employer match

    • Employer-funded Pension Plan

    • Paid Vacation/Sick Time & Holidays

    • Monthly $100 Commuter Allowance

    • Flexible Spending Accounts and Healthcare Spending Accounts

    • Flexible Work Schedule available in most departments

    • Life Insurance and Long Term Disability Insurance

    • Tuition Reimbursement (undergraduate and graduate)

    • Parental Leave

    • Free onsite 24/7 Fitness Center including training classes, Peloton bikes and locker room / shower facilities

    • Onsite Cafeteria & Coffee Shop

    • Additional Convenience Benefits, Discounts and More...

    Additional Information:

    • The Federal Reserve Bank of Philadelphia believes that diversity, equity and inclusion among our employees is essential to our success as an organization, and we want to recruit, develop and retain the most accomplished people from a diverse candidate pool. To support a workplace culture of belonging, we offer eight employee resource groups (ERGs) and a 100 percent rating on the Human Rights Campaign (HRC) Corporate Equality Index. The Federal Reserve Bank of Philadelphia is proud to be an equal opportunity workplace.

    • We have eight employee resource groups (ERGs) to support a diverse workforce. Abilities (supporting disabilities and allies), African Heritage, Asian-Pacific, Freedom (supporting LQBTQ+ and allies), Talent Forward (supporting career growth), Women United, Working Families and Veterans. ERGs are open to all employees.

    • We will ensure that individuals with disabilities are provided reasonable accommodations to participate in the job application or interview process, to perform essential job responsibilities, and to receive other benefits and privileges of employment.

    • All Federal Reserve Bank of Philadelphia employees must comply with the Bank's ethics rules, which generally prohibit employees, their spouses/domestic partners, and minor children from owning securities, such as stock, of banks or savings associations or their affiliates, such as bank holding companies and savings and loan holding companies. If you or your spouse/domestic partner or minor child own such securities and would not be willing or able to divest them if you accepted an offer of Bank employment, you should raise this issue with the Recruiter for this posting, who can provide you contact information for our ethics officer if necessary. You should review the Bank's Employee Code of Conduct to ensure compliance with conflict of interest rules and personal investment restrictions.

    • Background investigations and drug testing are required for all new hires as a condition of employment, after the job offer is made. Candidates for positions deemed as "safety sensitive" will also be screened for the presence of marijuana. Employment may not begin until the Bank accepts the results of the background investigation.

    • Due to the nature of the information you will have access to, we require that you also complete a more in-depth enhanced background screening (Peraton moderate).

    • All employees will be subject to FBI fingerprint / criminal background and Patriot Act/ Office of Foreign Assets Control (OFAC) watch list checks at least once every five years.

    • The above statements are intended to describe the general nature, level of work and the requirements of this position. They are not intended to be an exhaustive list of all responsibilities associated with this position or the personnel so classified. While this job description is intended to be an accurate reflection of this position, management reserves the right to revise this or any job description at its discretion at any time.

    • This is not a 100% remote opportunity. You will be available to work on-site in at least a hybrid capacity.

    • Learn more about the Philly Fed and its culture. Learn more about working for the Philly Fed.

    Full Time / Part Time

    Full time

    Regular / Temporary


    Job Exempt (Yes / No)


    Job Category

    Bank Examination

    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.

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    Why you should apply for a job to Federal Reserve Bank of Philadelphia:

  • 4/5 in overall job satisfaction
  • 5/5 in supportive management
  • Ratings are based on anonymous reviews by Fairygodboss members.
  • To ensure you’ll have time off to relax, we offer paid vacation, parental leave, paid sick time and other types of family leave.
  • We offer affordable, comprehensive health insurance and other programs to help you and your dependents manage your health and wellness.
  • We offer transit commuter flexible spending accounts and a transit subsidy for our employees to help defray the cost of getting to work.