Consumer Finance Institute (CFI) Senior Research Assistant – Survey Support

Federal Reserve System
Published
August 5, 2022
Location
Philadelphia, PA
Category
Job Type

Description

Company
Federal Reserve Bank of Philadelphia

The Consumer Finance Institute (CFI) seeks a well-trained and motivated senior research assistant to support its survey research initiatives including a quarterly consumer survey (CS), a market participant survey (MPS), and other ad hoc surveys that may be developed by the CFI. The successful candidate will assist in curation of survey populations, survey development and execution, survey support for vendors and respondents, and with the cleaning and warehousing of survey data. They will also perform statistical and other analyses and assist in developing written analyses, reports, and data visualizations using the data. The senior research assistant - survey support will work closely with the CFI survey research fellow, other research fellows, and visiting scholars, along with the CFI's manager of data science and engineering.

This position affords many opportunities to increase your knowledge of consumer finance, economics, public policy, survey techniques, and empirical research methods. There are a number of potential training and education opportunities, including courses in computer software and programming languages, as well as undergraduate and graduate courses in economics, statistics, and mathematics. With experience, demonstrated skills, and under the guidance of more senior staff, this position may offer opportunities to pursue self-directed research resulting in authored or coauthored reports.

The Federal Reserve Bank of Philadelphia is one of the 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System. It helps formulate and implement monetary policy, supervises banks, savings and loan holding companies, and provides financial services to depository institutions and the federal government. The Federal Reserve Bank of Philadelphia serves eastern and central Pennsylvania, southern New Jersey, and Delaware.

Candidates must have an undergraduate or graduate degree in a field such as economics, finance, mathematics, statistics, psychology, social sciences, computer science, physics, or equivalent education. The ideal candidate will have knowledge of survey data analysis and statistical techniques and have applied them to survey data. Candidates must have strong project management, analytical, and problem-solving skills as well as strong written and oral communication skills.

Successful applicants will have taken two or more courses in statistics, econometrics or mathematics. Successful applicants will have experience using statistical programs such as R, Stata, and Python. Familiarity with SPSS, survey software (e.g. Lime), mapping software (e.g. ArcGIS) and Hadoop/Spark is a plus. Candidates should be proficient with the MS Office suite. Salary is commensurate with education and experience.

About the Consumer Finance Institute:

Launched in 2017, the Consumer Finance Institute builds on decades of research experience at the Philadelphia Federal Reserve Bank. The mission of this Bank-wide initiative is to produce leading-edge research on how credit markets and payment systems affect the economy. The CFI creates opportunities for scholars, the financial industry, and the public sector to collaborate and share insights on fostering healthy household finances, a stable financial system, and a resilient economy.

The core staff of the CFI consists of 18 individuals, including eight Research Fellows. This group produces applied research on consumer finance topics, topical workshops led by regulators, academics, or industry experts, and larger conferences addressing particular questions or developments in the markets for consumer credit and payments. The staff also supports collaboration among researchers and analysts across the Federal Reserve Bank of Philadelphia.

Additional information about the CFI is found at www.philadelphiafed.org/consumer-finance/about-the-consumer-finance-institute

To Apply: Go to www.philadelphiafed.org/careers and find the CFI Senior Research Assistant - Survey Support position. Please upload a cover letter to explain your interest in the position and include your resume/vita. Also, include an official transcript and at least two references. A writing sample is preferred but not required.

Other Requirements:

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.

A requirement of this position is that the employee must be fully vaccinated against COVID-19 or qualify for an accommodation due to medical condition or sincerely held religious belief.

This 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 must sign a declaration of intent to become a U.S. citizen when eligible to do so and pursue a path to citizenship. Candidates who are not U.S. citizens or U.S. permanent residents may be eligible for the information access required for this position if they sign a declaration of intent to become a permanent resident and a U.S. citizen and meet other eligibility requirements. In addition, all candidates must undergo an applicable background check and comply with all applicable information handling rules.

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.

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.

Our benefit plans are designed to be the best fit for you at every stage of your career!

Excellent health, prescription, dental and vision coverage

Savings Thrift Plan (401K) with a 100% match up to 6% and a pension plan

Paid vacation / sick time / paid holidays and a flexible work environment

Numerous Employee Resource Groups to help you thrive and grow at the Fed in a diverse and inclusive environment

Healthy lifestyle assistance through an on-site fitness center, subsidized cafeteria with healthy food options, and health and wellness programs

Monthly public transportation allowance

Numerous internal development programs plus annual tuition reimbursement programs

Free credit protection, financial planning, and flexible spending accounts or health savings accounts and much more!

The Federal Reserve Bank of Philadelphia is one of the 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System. It helps formulate and implement monetary policy, supervises banks, savings and loan holding companies, and provides financial services to depository institutions and the federal government. The Federal Reserve Bank of Philadelphia serves eastern and central Pennsylvania, southern New Jersey, and Delaware.

Full Time / Part Time
Full time

Regular / Temporary
Regular

Job Exempt (Yes / No)
Yes

Job Category
Economics/Research

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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