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

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.

To Apply: Go to Federal Reserve System Careers ( 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.

Our benefit plan is 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 locker room / shower facilities with towel service
•            Onsite Cafeteria & Coffee Shop
•            Additional Convenience Benefits, Discounts and More…

Additional Information:

The Federal Reserve Bank of Philadelphia believes that diversity, equity and inclusion among our employees is essential to our success as an organization, and we want to recruit, develop and retain the most accomplished people from a diverse candidate pool. To support a workplace culture of belonging, we offer eight employee resource groups (ERGs) and a 100 percent rating on the Human Rights Campaign (HRC) Corporate Equality Index. The Federal Reserve Bank of Philadelphia is proud to be an equal opportunity workplace.

We have eight employee resource groups (ERGs) to support a diverse workforce. Abilities (supporting disabilities and allies), African Heritage, Asian-Pacific, Freedom (supporting LQBTQ+ and allies), Talent Forward (supporting career growth), Women United, Working Families and Veterans. ERGs are open to all employees.

We will ensure that individuals with disabilities are provided reasonable accommodations to participate in the job application or interview process, to perform essential job responsibilities, and to receive other benefits and privileges of employment.

A requirement of this position is that you will be fully vaccinated against COVID-19 or qualify for a medical or religious accommodation.

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.

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.

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.

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.

The above statements are intended to describe the general nature, level of work and the requirements of this position. They are not intended to be an exhaustive list of all responsibilities associated with this position or the personnel so classified. While this job description is intended to be an accurate reflection of this position, management reserves the right to revise this or any job description at its discretion at any time.

This is not a 100% remote opportunity. You will be available to work on-site in at least a hybrid capacity.
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