FR 2052a Data Scientist Manager

The Federal Reserve Bank of Minneapolis is seeking a FR 2052a Data Scientist Manager to oversee a dedicated data science team focused on LFBO liquidity data. This on-site role in Minneapolis combines leadership with hands-on work in data processing, validation, and reporting, while coordinating with System stakeholders to strengthen liquidity risk monitoring across the federation.

Responsibilities

• Lead the FR 2052a data science team, guiding recruitment, onboarding, mentorship, and staff development to meet objectives and allocate resources effectively
• Supervise data extraction, cleaning, and organization; steer the transformation of large external datasets into internal systems for analysis
• Act as a subject matter expert on complex liquidity datasets; design and oversee data quality tests and validation workflows
• Create, maintain, and govern system databases, owning security protocols, access provisioning, and data mapping/maintenance
• Collaborate with System stakeholders to implement database and information system enhancements; support vendor data governance initiatives
• Champion process automation by identifying opportunities, designing improvements, and deploying automated solutions
• Lead analyses of intricate technical and policy issues involving modeling, data analysis, and liquidity risk; recommend new approaches
• Plan, execute, and close projects with internal teams, supervisees, and external partners
• Prepare and deliver clear, concise communications to Section/Project Teams, Division leadership, and external stakeholders
• Present work at cross-divisional forums to share knowledge and foster collaboration
• Collaborate across the Federal Reserve System to solve problems and improve quality and service
• Manage multiple projects and workflows concurrently in a timely, efficient manner
• Perform other duties as assigned

Requirements

• Bachelor's degree in a quantitative field (such as computer science, statistics, mathematics, physics, or engineering) or in finance/economics with a strong quantitative background
• Minimum of five years of related experience in data science, financial analysis, or liquidity risk management
• Experience with FR 2052a datasets and translating them into practical liquidity risk supervisory information, or a strong data science background with the ability to learn liquidity risk concepts
• Proficiency in computational and statistical modeling, programming, and mathematics
• Deep understanding of financial institutions and markets
• Proven ability to supervise and manage technical staff
• Project management skills with the capacity to handle complex procedures and workflows
• Strong interpersonal and communication abilities for effective interaction with stakeholders across the Federal Reserve System
• Ability to set clear expectations and oversee staff performance
• Travel up to 20 percent, primarily to other Federal Reserve Bank locations; typical travel is 5-10 percent

Technologies

• R

Benefits

• Comprehensive healthcare options (Medical, Dental, and Vision)
• 401(k) match and a fully funded pension plan
• Paid time off and holidays
• Free public transportation passes
• Annual educational assistance
• On-site fitness facility
• Professional development programs, training, and conferences
• And more

Preferred Qualifications

• Master's degree or PhD in a quantitative field, finance, economics, or related area
• Experience with open-source programming languages
• Proficiency in R and familiarity with R coding best practices
• Prior experience in financial services supervision or regulatory reporting
• Knowledge of liquidity risk management principles and regulatory frameworks (Reg YY and LL)

Salary

• The full salary range is USD 151,500 to 227,200 per year, with an expected starting range of USD 151,500 to 189,359
• Salary offers are determined by qualifications and experience, alignment with market data, position needs, total compensation, and internal equity

Job Details

• Job type: Full-time
• Employment status: Regular
• Exempt: Yes
• Work shift: First
• Location: Minneapolis, MN (onsite)
• Travel: Up to 20 percent, primarily to other Federal Reserve Bank locations; typical travel 5–10 percent