Company

Federal Reserve Bank of St. Louis

The St Louis Fed is one of 12 Reserve Banks serving all or parts of Missouri, Illinois, Indiana, Kentucky, Tennessee, Mississippi and Arkansas with branches in Little Rock, Louisville and Memphis. The St. Louis Fed’s most critical functions include promoting stable prices and economic growth, fostering a sound financial system, providing payment services to financial institutions, supporting the U.S. Treasury's financial operations, and advancing economic education, community development and fair access to credit.

The Federal Reserve Bank of St. Louis is seeking a Data Scientist for the Treasury Division’s Forecasting and Cash Management Analytics Group. The team supports the U.S. Treasury’s Office of Fiscal Projections (OFP) in estimating the Government’s daily cash position, determining marketable borrowing requirements and ensuring total debt outstanding is within statutory limitations. The position interacts with product owners, software engineers and production support staff that support the Fiscal Projections System (FPS), to advance program goals.

Responsibilities

• Transform raw data into data-driven insights, trends, and patterns, and recommendations through use of data science and analytics modeling and programing tools
• Develop and implement a variety of machine learning solutions (classification, regression, clustering, reinforcement learning, natural language processing, GenAI) across a broad domain of financial and operational datasets
• Partner with engineers to set up technologies such as cloud environments, data pipelines, ensuring data quality, integrity, and accessibility
• Utilize knowledge of forecasting techniques including time-series, temporal disaggregation, and macroeconomic models to create, maintain, and enhance short- and long-term economic forecasting models
• Perform monthly comparative analysis of forecast model results using knowledge of forecast error metrics
• Produce reports suitable for technical and non-technical audiences that include statuses, explanations of results, and recommendations to improve forecast performance
• Interact with Treasury clients to gather business requirements, understand macroeconomic and legislative factors influencing Federal expenditures and revenues, and acquire necessary data to test and integrate the information into forecast models

Qualifications

• Bachelor’s degree in economics, statistics, mathematics, or other quantitative discipline or commensurate experience; Master’s degree preferred
• 2+ years statistical modeling experience, preferably in a financial institution or corporate Treasury area
• Demonstrated proficiency in Python, Stata, SAS, or other applicable statistical software packages
• Experience with GenAI, machine learning, cloud technologies
• Time-series modeling experience using ARIMA, ARCH, GARCH, or VAR
• Demonstrated ability to learn new technical tools and software applications
• Ability to interact professionally and communicate clearly, both verbally and in writing, with U.S. Treasury, financial institutions and Federal Reserve Bank partners to obtain information, respond to inquiries, analyze documentation and resolve issues
• Demonstrated strong analytical, organizational, and problem-solving skills and the ability to manage numerous projects and work processes
• Ability to carry out assignments with minimal supervision as well as work effectively as a part of a team
• Demonstrated strong customer service skills in providing information to all levels of the organization and customers
• Ability to comprehend, communicate and apply U.S. Treasury and Reserve Bank policies and procedures
• Candidates with less experience may be considered at a lower job grade and/or salary.
• Travel (5%)
• Position requires US Citizenship

Total Rewards

Bring your passion and expertise, and we'll provide the opportunities that will challenge you and propel your growth—along with a wide range of benefits and perks that support your health, wealth, and life.

Salary: $94,700-120,700

In addition to competitive compensation, we offer a comprehensive benefits package that all brought together in a flexible work environment where you can truly find balance:

• Generous paid time off
• Tuition & Training assistance/reimbursement
• 401(k) match & Annuity/Pension fund
• Top-notch health care benefits
• Child and family care leave
• Professional development opportunities
• And more...

At the Federal Reserve Bank of St. Louis, we are committed to a strong and resilient economy for all. We prioritize inclusion and strive to be a workplace where all employees can thrive. Learn more about Bank’s culture

The Federal Reserve Bank of St Louis is an Equal Opportunity Employer.

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Data Analytics Family Group

Work Shift

First (United States of America)

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.

Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.

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