Company
Federal Reserve Bank of New York
Working at the Federal Reserve Bank of New York positions you at the center of the financial world with a unique perspective on national and international markets and economies. You will work in an environment with a diverse group of experienced professionals to foster and support the safety, soundness, and vitality of our economic and financial systems.
The Bank believes in work flexibility to balance the demands of work and life while also connecting and collaborating with our colleagues in person. Employees can expect to be in the office a couple of days per week as needed for meetings and team collaboration and should live within a commutable distance.
What we do:
DAO
The Data & Analytics Office (DAO) at the Federal Reserve Bank of New York drives the enterprise data and analytics strategy for the Bank and owns data policy and governance standards. The DAO is responsible for establishing a data foundation for the Bank, building capabilities while setting standards and measurements for data quality, compliance, security, and retention of our data assets. In addition, the DAO focuses on innovating through, and driving advanced analytics in collaboration across the System.
The data scientist has extensive experience applying advanced analytics skills and techniques and can lead other data scientists to build and enable data analytics solutions. In this role, you will contribute in strengthening the relationships with key business stakeholders by translating business problems into analytics use cases and jointly prioritizing those use cases. You will develop accurate, robust, and equitable analytical models. You will report to the Lead of the Data Science and Advanced Analytics team.
DAO Data Science & Advanced Analytics
This group of data scientists and analytics practitioners will have a dual mandate: they will support the Data & Analytics Office in developing the analytics strategy, governance & controls framework, and they will be responsible for identifying and assessing potential benefits of analytics and data science with our business partners to devise mutually-agreed-upon strategies to bring the value of these solution approaches to the Bank as a whole, and to individual groups and functions.
In addition, this group will develop the strategy and roadmap to implement new analytics concepts and tools, as well as applied data science that aligns with business needs, mitigates risks, and optimizes effective use of data for analytics and insights, including:
- Advancing the data science community of practice at the Bank to become integrated into business processes through the delivery of Proof of Concepts which if successful may become new products
- Define and promote standardized analytic development and oversee adherence across the analytic lifecycle to deliver advanced analytics to production in close collaboration with the product owners across the bank
- Responsible for operationalization of data science models (ML, NLP) and analytic services at an enterprise level and in compliance with new standards and processes while fostering a bank-wide community of practice through a promotion of new Analytics/Data Science literacy programs
- Convene Analytics & Data Science governance bodies and determine prioritization criteria for analytics use cases, using a domain/thematic approach to progress the use of analytics at the Bank through a strong network of relationships across the Bank. In addition, collaborate with our counterparts in the Bank on opportunities for innovation in advanced analytics and data science.
Your role as Data Scientist:
- Works within a team of data science associates and leverages programming languages, tools, and techniques (ML, NLP, AI) to provide viable solutions for business needs.
- Researches new developments and technologies in the data science industry to provide insights, guidance, and knowledge sharing to build and increase awareness across the Bank.
- Promotes and integrates best practices in data science and adheres to established work standards.
- Utilizes deep learning, machine learning, and data mining techniques.
What we are looking for:
- Strong experience with data science deliverables including model development, prototyping, and model calibration to meet business needs.
- Demonstrated experience with maintenance of model performance and evaluation of newly trained models.
- Demonstrated experience building and optimizing big data pipelines.
- Demonstrated experience designing data and analytical strategies as well as communicating the vision to business stakeholders in support of the Data Analytics and Data Science practice lead.
Salary Range: $116900 – $131700
Touchstone Behaviors set clear expectations for leading with impact at every stage of our careers and aspire to achieve in our continued growth and development.
Communicate Authentically: Empathetically engage one another with direct and transparent dialogue and listening. Actively discuss viewpoints with respect and compassion in a timely and candid manner, taking into account verbal and nonverbal cues. Ask questions, learn from each other, and share information widely to move the Bank's work forward.
Collaborate Inclusively: Inspire a diverse and inclusive environment that empowers others to contribute meaningfully. Intentionally bring a diverse set of people together to achieve positive business results.
Drive Progress: Grow and adapt to changing priorities in the Bank. Experiment with new concepts and take appropriate risk to drive innovation. Remain curious and action oriented, navigating through ambiguity and uncertainty to drive outcomes.
Develop Others: Equitably champion, mentor, and develop others to grow professionally. Demonstrate vulnerability and empathy to create a trusted environment.
Take Ownership: Establish an environment of action and excellence by holding self and others accountable to execute to the highest standard.
Benefits:
Our organization offers benefits that are the best fit for you at every stage of your career:
- Fully paid Pension plan and 401k with Generous Match
- Comprehensive Insurance Plans (Medical, Dental and Vision including Flexible Spending Accounts and HSA)
- Subsidized Public Transportation Program
- Tuition Assistance Program
- Onsite Fitness & Wellness Center
- And more
Please note that the 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 permanent residents may be eligible for the information access required for this position if they sign a declaration of intent to become a U.S. citizen and pursue a path to citizenship and meet other eligibility requirements.
In addition, all candidates must undergo an enhanced background check, comply with all applicable information handling rules, and will be tested for all controlled substances prohibited by federal law, to include marijuana.
The Federal Reserve Bank of New York is committed to a diverse workforce and to providing equal employment opportunity to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, or military service.
This is not necessarily an exhaustive list of all responsibilities, duties, performance standards or requirements, efforts, skills or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed when circumstances change.
Full Time / Part Time
Full time
Regular / Temporary
Regular
Job Exempt (Yes / No)
Yes
Job Category
Data Analytics
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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