Data Scientist, Forecasting

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Analytical
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267249 Requisition #
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The St Louis Fed is one of 12 Reserve Banks serving all or parts of Missouri, Illinois, Indiana, Kentucky, Tennessee, Mississippi and Arkansas. The St. Louis Fed’s responsibilities include promoting stable prices, economic growth and 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.

Overview

The Federal Reserve Bank of St. Louis is looking for a Data Scientist for the Treasury Division's Forecasting and Cash Management Analytics Group. As a team member of this group, you will report to a Manager and provide analytical support through the development of quantitative forecast models, maintenance of a Long-term Fiscal Forecast and intraday account trends. The Treasury Division supports numerous U.S. Treasury applications including the Fiscal Projections System (FPS), a cash and debt forecasting system that assists 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.

Responsibilities

  • Use knowledge of forecasting techniques including time-series, temporal disaggregation, and macroeconomic models to create and maintain economic forecasting models
  • Build forecasting processes including model calibration, backtesting, and other model validation activities
  • Perform monthly comparative analysis of forecast model results using knowledge of forecast error metrics
  • Produce reports suitable for technical and non-technical audiences including statuses, explanations of results, and recommendations to improve forecast performance
  • Work with Treasury clients to gather requirements, understand macroeconomic and legislative factors influencing Federal expenditures and revenues, and acquire necessary data to test and integrate the information into forecast models
  • Consult with Treasury clients to review and implement approved changes

Qualifications

  • Bachelor's degree in Economics, Statistics, Mathematics, or other quantitative discipline or commensurate experience
  • 3 years statistical modeling experience
  • Proficiency in SAS, Stata, or other applicable statistical software packages
  • Time-series modeling experience using ARIMA, ARCH, GARCH, or VAR
  • Analytical, organizational, and problem-solving skills and the ability to manage numerous projects and work processes
  • Customer service skills in providing information to all levels of the organization and our partners
  • Travel (5%)
  • US Citizen

Benefits

Our organization offers benefits that are the best fit for you at every stage of your career:

  • Pension plan, 401K, Comprehensive Insurance Plans, Tuition Reimbursement Program, Onsite Wellness & Fitness Center, Backup Dependent Care (Child & Adult), and more

Ranked as the #2 Top Workplace in the St. Louis Region in 2020, the Federal Reserve Bank of St Louis is committed to building an inclusive workplace, where employees’ diversity—in age, gender, race and ethnicity, sexual orientation, gender identity or expression, disability, and cultural traditions, religion, life experiences, education and socioeconomic backgrounds—are recognized as a strength. Embracing our diversity encourages employees to bring their valued perspectives to the table when generating ideas and solving problems and promotes an environment where innovation and excellence grow. Learn more about the Bank and its culture; check out our Careers Site.

 

 

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

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