Data Scientist Associate/I/II

Responsibilities

• Proven capability in designing, developing, and conveying the results of innovative models (including econometric, predictive, behavioral, simulation, or other) to ensure identification of firm-specific, sector, and broader banking industry trends and risk developments in an informative, forward-looking, and critically focused manner.
• Experience in data mining, artificial intelligence, agentic frameworks, machine learning, and/or other emerging fields is a plus.
• Proven capability to contribute to large-scale analytic projects through all stages of development, including formulating concepts; developing and executing analysis plans; implementing and deploying models and tools; and reporting and presenting final research results.
• Proven ability in scalable data processing (e.g., distributed computing, cloud platforms, data warehousing) and MLOps/deployment processes (e.g., model serving, containerization, model monitoring).
• Beginning to show capability to lead transformation of large and complex datasets in a manner that is suitable for analysis.
• Visualizes and reports analytic findings using a variety of methods to promote understanding of key insights and actionable takeaways for both technical and non-technical audiences.
• Delivers formal presentations and creates analytical reports and executive summaries of findings.
• Mentors junior staff on skills and knowledge areas needed for all elements of data science product development.
• Performs other duties as assigned or requested.

Requirements

• Adheres to the Bank's attendance policies through regular and prompt attendance.

Skills

• Experience with statistical programming using Python and/or R
• Experience working with large data sets and data processing tools like SQL, Hadoop, Spark, etc.
• Experience with data visualization tools, preferably Plotly Dash or RShiny
• Experience with code, data, and model management tools like Git, GitLab, DVC, MLFlow, etc.
• Communication skills - both written and verbal. Ability to deliver presentations and co-author publication-quality reports

Qualifications

• Data Scientist II: Bachelor's degree in data science, computer science, mathematics, statistics, mathematical finance, operations research, economics or similar field focused on advanced quantitative modeling with 7+ years of related work experience OR Preferred – Master’s or PhD degree in economics, mathematical finance, data science, computer science, mathematics, statistics, operations research or similar field focused on advanced quantitative modeling with 5+ years of related work experience
• Data Scientist I: Bachelor's degree in data science, computer science, mathematics, statistics, mathematical finance, operations research, economics or similar field focused on advanced quantitative modeling with 5+ years of related work experience OR Preferred – Master’s or PhD degree in economics, mathematical finance, data science, computer science, mathematics, statistics, operations research or similar field focused on advanced quantitative modeling with 3+ years of related work experience
• Data Scientist Associate: Bachelor's degree in data science, computer science, mathematics, statistics, mathematical finance, operations research, economics or similar field focused on advanced quantitative modeling with 3+ years of related work experience OR Preferred – Master’s or PhD degree in economics, mathematical finance, data science, computer science, mathematics, statistics, operations research or similar field focused on advanced quantitative modeling with 0-1 years of related work experience

Pay

• The expected starting salary range for the Data Scientist Associate is between $100,300 and $125,400 annually and for the Data Scientist I is between $111,400 and $139,200 annually and for the Data Scientist II is between $123,700 and $154,600 annually.

Schedule

• Full time

Benefits

• The Cleveland Fed offers benefits to support overall health and financial security. Learn more about our benefits here: https://www.clevelandfed.org/careers