Federal Reserve Bank of New YorkWhen you work at the New York Fed, you have the opportunity to make an impact in our communities and across the nation. Our mission-driven, curious, and dedicated colleagues apply their diverse perspectives and unique talents to support the strength of the U.S. economy and stability of the global financial system. At the Bank, we work full-time onsite with our teams. We believe being physically together allows us to draw on our collective strengths, while recognizing that the ability to work flexibly from time to time remains important to achieving our mission.
Our Unique Work:
The Risk Analytics & Reporting Function drives data analytics and AI-augmentation product development to improve risk management decisions across FRBNY and System stakeholders.You'llserve as a strategic thought leader and central orchestrator for the Risk Function'sanalytics &AI portfolio, managing use case identification & refinement, data mining & modeling, and solution prototyping using machine learning & data analytics platforms. As the lead liaison to theFRBNY AI Governance Council and theSystem Risk AI Community of Practice,you'llbalance innovation with strategic fit, ensuring each use case advances the broader AI integration roadmap whilemaintainingappropriate governanceand fostering knowledge sharing across the Federal Reserve System.
How You’ll Make an Impact as a Data Scientist – Risk Analytics & AI Strategy Lead:
Strategic AI Use Case Identification & Refinement– Manage intake, prioritization, and refinement of data analytics & AI use cases while conducting structured workshops toidentifyopportunities, ensuring alignment with FRBNY and System-wide AI strategy.
Data Mining & Modeling – Collaborate with data engineers to design, develop, and deploy advanced statistical and machine learning models for risk prediction and anomaly detection, whileidentifyingand engineering Key Risk Indicators from diverse data sets.
Solution Prototyping – Leverage internal tools to build prototype solutions for prioritized use cases while leading proof-of-concept development for selected high-priority AI applications.
System Community of Practice Liaison– Serve as the lead liaison to the System Risk AI CoP, ensuring internal risk requirements are prioritized in system-wide AI initiatives while fostering knowledge sharing across the Federal Reserve System.
Executive Socialization & Innovation Culture – Produce materials thatfacilitatesocialization of AI initiatives for various stakeholders while fostering an environment of innovation within the Risk Function by encouraging exploration of technologies to automate manual risk functions.
The Unique Skill Sets We’re Looking For:
Other Things to Know:
Salary Range: $200000 - $230000 / year
We believe in transparency at the New York Fed. This salary range reflects a variety of skills and experiences candidates may bring to the job. We pay individuals along this range based on their unique backgrounds. Whether you’re stretching into the job or are a more seasoned candidate, we aim to pay competitively for your contributions.
How We’ll Support You:
Our programs and benefits are designed to support you through all your life stages:
Our Culture is deeply grounded in our Touchstone Behaviors— By working with us, you’ll have the opportunity to develop and demonstrate your ability to Communicate Authentically, Collaborate Inclusively, Drive Progress, Develop Others, and Take Ownership. These competencies shape our culture here at the Bank. They also provide a shared language for how we work together and achieve success and set clear expectations for leading with impact at every stage of your career. Learn more.
Apply now if you’re ready to join us in strengthening the U.S. economy together. Want to consider our other opportunities? Click here to see all our open roles.
The New York Fed expects its employees to perform their duties with honesty, integrity, and impartiality, and without improper preferential treatment of any person. Learn more about our code of conduct and conflicts of interest rules.
We value accessibility for all candidates and are happy to provide an accommodation or assistance. Please email us at ny.leaves@ny.frb.org and we’ll be glad to help. Please note, this is a dedicated e-mail box designed exclusively to assist applications with accommodation requests in relation to our recruiting process. All other inquires including the status of applications will not receive a response from this e-mail box.
This is not necessarily an exhaustive list of all responsibilities, duties, performance standards or requirements, efforts, skills or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed when circumstances change.
This position requires access to confidential supervisory information (CSI) and/or Federal Open Market Committee (FOMC) information. Access to CSI and FOMC information is limited to U.S. citizens, lawful permanent residents, individuals who meet the definition of “protected individual” under 8 U.S.C. § 1324b(a)(3), and certain other nonimmigrants. All non-U.S. citizens authorized to access CSI and/or FOMC information must sign a declaration of intent to expeditiously become a lawful permanent resident and thereafter a U.S. citizen when eligible.
Full time
Regular
Yes
Data Analytics Family Group
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.
The Federal Reserve System is the Central Bank of the United States. It was founded by Congress in 1913 to provide the nation with a safer, more flexible and more stable monetary and financial system. Over the years, its role in banking and the economy has expanded.
Today the Federal Reserve's duties fall into four general areas:
Conducting the nation's monetary policy by influencing the monetary and credit conditions in the economy in pursuit of maximum employment, stable prices and moderate long-term interest rates.
Supervising and regulating banking institutions to ensure the safety and soundness of the nation's banking and financial system and to protect the credit rights of consumers.
Maintaining the stability of the financial system and containing systemic risk that may arise in financial markets.
Providing financial services to depository institutions, the U.S. government, and foreign official institutions, including playing a major role in operating the nation's payments system.
