Machine Learning Research Assistant (Hybrid)

Company

Federal Reserve Bank of Philadelphia

Performs statistical and econometric analyses to support or prove the research and consulting projects initiated by machine learning economists. Identifies, collects, and prepares data required for machine learning projects. Initiates and conducts independent research projects of a limited nature for and under the supervision of economists.

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.

Performs statistical and econometric analyses to support or prove the research and consulting projects initiated by machine learning economists.  Identifies, collects, and prepares data required for machine learning projects.  Initiates and conducts independent research projects of a limited nature for and under the supervision of economists.

Job Duties and Responsibilities:

Performs statistical and econometric analysis using state-of-the art machine learning techniques.

Organizes data for analysis and writes computer programs using Python, R, SAS, Stata, Matlab and other software.

Presents results of research to economists and management in oral or written reports.

Writes programs to automate data collection procedures.

Uses knowledge of data sources (such as Haver and RADAR) and data content to determine what source will best provide data for a project.

Initiates, plans, and executes research projects of a limited nature subject to supervising economists' approval.

Designs databases for use in economic research projects and machine learning projects across the bank.

Writes documentation of data sources, algorithms, and statistical tests that have been performed on the data.

Documents procedures and trains junior analysts when required.

Reviews literature on research topics and may contact others doing similar research.

Determines what information is relevant to the project and provides economists with summaries of findings, both orally and in writing.

Keeps abreast of current developments in economics and computer science.

Produces charts and graphs to communicate findings to business lines throughout the bank.

Works individually or in a group to identify, communicate, and implement changes and initiatives with the goal of improving the quality of the operation or product.

Performs other related duties as assigned.

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

Education and Experience:

Bachelor's degree in computer science, economics, mathematics, statistics, or finance, preferred.

Minimum of two years’ experience in or knowledge about natural language processing and processing large datasets and their related programming skills are a plus.

Knowledge and Skills:

Knowledge of State-of the-art machine learning methods.

Demonstrated ability to apply quantitative techniques in research projects under general supervision.

Ability to use statistical programs, such as Python, R, Stata, SAS, and Matlab, to organize data into files and to perform advanced statistical and econometric analyses.

Ability to quickly find relevant data for research projects and for speeches and presentation visuals.

Strong analytical and problem-solving skills.

Good oral and written communication skills.

Physical Requirements: Must be able to spend long hours working at a personal computer.

To apply: Please upload both a resume and a cover letter to be considered for this position. Please upload your files to the Attachments tab.

OTHER:

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

• 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

• Parental Leave

• Free onsite 24/7 Fitness Center including training classes, Peloton bikes and l