Data Scientist – Risk Analytics & AI Strategy Lead

Company

Federal Reserve Bank of New York

When 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'll serve as a strategic thought leader and central orchestrator for the Risk Function's analytics & AI portfolio, managing use case identification & refinement, data mining & modeling, and solution prototyping using machine learning & data analytics platforms. As the lead liaison to the FRBNY AI Governance Council and the System Risk AI Community of Practice, you'll balance innovation with strategic fit, ensuring each use case advances the broader AI integration roadmap while maintaining appropriate governance and 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 to identify opportunities, 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, while identifying and 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 that facilitate socialization 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:

• Hands-on coding proficiency in Python (PyTorch, TensorFlow), R, and SQL with experience in advanced techniques including time-series analysis, network analysis, NLP, and RAG

• Understanding of Agentic AI concepts and expertise in crafting effective prompts for Large Language Models (LLMs)

• Understanding of operational risk, credit risk, and enterprise-wide control frameworks within large-scale financial or regulatory environments

• Demonstrated ability to streamline complex business processes and reduce operational spend through data-driven analysis with measurable results

• Exceptional communication skills to translate complex technical concepts across audiences from technical teams to executives

• Ability to build networks and influence stakeholders across various departments without direct authority

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:

• Learning & Growing: Educational assistance, career development tools, and stretch opportunities
• Supporting Your Family: Parental leave, adoption assistance, back-up dependent and elder care, college planning resources, and more
• Managing Your Health: Comprehensive insurance plans, leave policies, onsite Health & Wellness Center, and onsite Fitness Center
• Optimizing Your Finances: Pension plan, 401(k) with generous match, financial planning resources, and subsidized public transportation program

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 [email protected] 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 / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Data Analytics Family Group

Work Shift

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.

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