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Cleveland, OH (Onsite)

Data Scientist I/II

Company: Cleveland, OH (Onsite)

Location: Full Time United States

Posted on: March 19


Federal Reserve Bank of Cleveland

Identifies and executes projects that innovatively leverage quantitative analytical tools and techniques to advance risk identification, financial stability, supervisory policy, and other areas of supervisory interest. Plays a central role in designing, developing, and conveying the results of models (including econometric, predictive, behavioral, simulation or other) to ensure identification of firm-specific, sector, and broader banking industry trends and risk developments in an informative, forward-looking, and critically focused manner. Leads efforts to distill large amounts of data, whether accessed through public or supervisory sources, into relevant, focused, and actionable information. Experience in statistics or econometrics, data mining, artificial intelligence, machine learning, and/or other emerging fields is preferred. Uses innovative data visualization methods for delivering findings and creates publication-quality reports and presentations for sharing results. Proven capability in developing relationships and working with business line partners.

Essential Accountabilities

  • Develops predictive models using econometric modeling and data mining techniques (e.g., generalized linear models, classification trees, random forests, boosting, cluster analysis, factor analysis, shrinkage methods text mining and natural language processing) to measure, monitor and predict various measures of financial risk.

  • Leads large-scale analytic projects through all stages of development, including formulating concepts, developing, and executing analysis plan, and reporting and presenting final research results.

  • Leads transformation of large and complex datasets in a manner that is suitable for analysis.

  • Visualizes and reports analytic findings using a variety of methods to promote understanding of key insights and actionable takeaways for both technical and non-technical audiences.

  • Delivers formal presentations, create analytical reports and executive summaries of findings.

  • Performs other duties as assigned or requested.

  • Adheres to the Bank's attendance policies through regular and prompt attendance.

Education and Experience

  • Bachelor's degree in Mathematics, Statistics, Data Science, Economics with an emphasis on statistics

  • 7+ years of related work experience

  • Or Preferred - Master's degree in Mathematics, Statistics, Data Science, Economics with an emphasis on statistics

  • 5+ years of related work experience

Knowledge and Skills

Knowledge Areas - Advanced Level

  • Experienced in application of advanced quantitative techniques in Data Science, Statistics or other quantitative field

  • Ability to perform independent research with limited direction.

  • Knowledge of banking and financial markets

Skill Areas - Advanced Level

  • Experience with statistical programming using packages such as R, Matlab, Python or SAS

  • Experience working with large data sets

  • Communication skills - both written and verbal. Ability to deliver presentations and draft publication-quality reports.

Physical Demands and General Working Conditions

Employees typically sit most of the day, work with a computer and may answer/respond to phone calls. Physical movement consists of walking for meetings, breaks, etc. Ability to lift items weighing approximately 20 pounds on a limited basis is required. Employees may be required to travel by car/air.

Full Time / Part Time

Full time

Regular / Temporary


Job Exempt (Yes / No)


Job Category


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 ([ Link removed ] - Click here to apply to Data Scientist I/II

OUR BANK has one of the most recognizable brands around the world. The Federal Reserve is the central bank of the United Statesone of the world's most influential, trusted and prestigious financial organizations. The Federal Reserve is charged with the important mission of promoting a strong economy and a stable financial system and fulfills this responsibility by formulating national monetary policy, supervising and regulating banks and bank holding companies, and providing financial services for banks and the U.S. government.

OUR PEOPLE are diverse in background and ideas, which allows for ongoing creativity and innovation. Ultimately, they are the ones who push our high-performance, exchange-driven culture forward.

Why Our People Choose Us:

Our reputation precedes us

There will always be room for personal growth

Our people are first

Youll find the right balance

Your responsibilities will be meaningful

We hope that you will be our future colleague.

Recommended Skills

  • Natural Language Processing
  • Data Visualization
  • Predictive Modelling
  • Artificial Neural Networks
  • Decision Tree Learning
  • Computer Sciences
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