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Senior Data Scientist

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Federal Reserve Bank of Chicago

Jan 21

  • Job
    Full-time
    Mid Level
  • Data
    Research & Development
  • Chicago
  • Quick Apply

AI generated summary

  • You need a relevant bachelor's degree, 3+ years of experience, advanced coding and statistical skills, cloud knowledge, strong communication, and U.S. work authorization.
  • You will manage datasets, design statistical models, create visualizations, develop machine learning tools, and communicate insights to diverse audiences while collaborating to meet business needs.

Requirements

  • Bachelor's degree in a related field, or commensurate specialized training, certification, or work experience.
  • Minimum three years of work experience.
  • Advanced proficiency in coding and experience in several programming languages.
  • Advanced knowledge and understanding in statistical modeling and data analysis techniques, platforms, and software.
  • Advanced analytical and problem-solving skills.
  • Advanced knowledge of cloud data platforms, technologies, frameworks, and solutions.
  • Excellent verbal and written communication skills.
  • This is a hybrid position requiring a minimum of two days per week in office.
  • Applicants must be currently authorized to work in the United States without the need for visa sponsorship now or in the future.
  • This position has additional screening requirements due to the information accessed while performing the job. These additional screenings would be initiated at the time of offer acceptance and can take approximately two months to be completed. The screening covers areas such as education/employment verification, criminal history, credit history, and reaches out to your references and people that know you well.
  • As a condition of employment, Federal Reserve Bank of Chicago 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 official if necessary.
  • This document indicates the general nature and level of work performed by employees within this position. It is not a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job. An employee's responsibilities, tasks, and duties might differ from those outlined in the job description, and other duties, as assigned, are a part of the job. The Federal Reserve Bank of Chicago reserves the right to modify the elements of this job description, as business needs require.

Responsibilities

  • Obtains and prepares datasets and manages databases from internal and external sources.
  • Designs and executes statistical models and algorithms and prepares output, including visualizations.
  • Supports development and use of cutting-edge tools including machine learning models and other advanced analytic techniques.
  • Communicates results and insights in a clear and concise manner to both technical and non-technical audiences.
  • Collaborates with staff to understand business needs for advanced analytics.

FAQs

What is the job title for the position being offered?

The job title is Senior Data Scientist.

Where is this position located?

The position is located at the Federal Reserve Bank of Chicago.

What are the primary responsibilities of the Senior Data Scientist?

The primary responsibilities include obtaining and preparing datasets, designing statistical models, communicating insights, collaborating with staff, and using advanced analytic techniques.

What is the minimum educational requirement for this position?

The minimum educational requirement is a bachelor's degree in a related field or equivalent specialized training, certification, or work experience.

How many years of work experience are required for this role?

A minimum of three years of work experience is required.

What programming skills are necessary for this job?

Candidates should have advanced proficiency in coding and experience in several programming languages.

Is experience with machine learning important for this position?

Yes, experience in developing and using machine learning models and other advanced analytic techniques is important.

What communication skills are required?

Excellent verbal and written communication skills are required to convey results and insights to both technical and non-technical audiences.

What kind of work environment is offered?

The position offers a hybrid work environment requiring a minimum of two days per week in the office.

Are there any additional screening requirements for applicants?

Yes, there are additional screening requirements that include education/employment verification, criminal history, credit history, and references.

What benefits does the Federal Reserve Bank of Chicago offer?

The benefits include medical, dental, vision, 401k savings plan, retirement plan, paid time off, transit benefit, onsite gym, and a subsidized cafeteria.

Is the salary range for this position specified?

Yes, the expected starting salary range is between $130,900 to $154,800 annually, plus performance-based discretionary bonuses.

What is the employment status for this position?

The position is full-time and regular.

Does the Federal Reserve Bank of Chicago have an equal employment opportunity policy?

Yes, the Federal Reserve Bank of Chicago is committed to equal employment opportunity regardless of various factors, including race, color, religion, sex, national origin, and other characteristics.

Where can applicants apply for this job?

Applicants should verify and apply for jobs on Federal Reserve System Careers or through verified Federal Reserve Bank social media channels.

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Federal Reserve Bank of Chicago

The Chicago Fed's success depends on the skills and talents of many people from different backgrounds.

Finance
Industry
1001-5000
Employees
1914
Founded Year

Mission & Purpose

We serve the public interest by fostering a strong economy and promoting financial stability. Operating with a head office in Chicago and a branch office in Detroit, we serve the Seventh Federal Reserve District, an economically diverse region that includes all of Iowa and most of Illinois, Indiana, Michigan, and Wisconsin. Our success depends on the skills and talents of many people from different backgrounds. We support a diverse and inclusive workplace, where employees are respected, treated fairly, and given equal opportunities to perform to their fullest potential.

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