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Data Engineer, Monetary Statistics/Analysis

About the Team

The Division of Monetary Affairs supports the Board and the Federal Open Market Committee (FOMC) in their deliberations and decisions about interest rate and balance sheet policies and lender-of-last-resort responsibilities. Division staff conduct research and analysis on monetary policy issues pertaining to strategy, communications, implementation, transmission, and liquidity provision. The Monetary Statistics and Analysis (MSA) section strategically manages a portion of the division's monetary statistics and data-related technology and governance activities.

About the Role

We are seeking a Data Engineer to participate in the compilation, analysis, and publication of the economic projections of FOMC participants as well as the analysis of FOMC meeting transcripts. The Data Engineer will also contribute more broadly to the Division's design, implementation, modernization, support, and oversight of automation, computing, visualization, and database systems essential to the data analysis responsibilities of the Division. The candidate will work on high-visibility projects and liaise with a range of groups including IT professionals, economists, and policymakers at the Board and across the Federal Reserve System. 

Essential Duties

  • Use statistical programming to build, manage, analyze, and creatively present information to senior division staff, policymakers, and the public at large.
  • Use PostgreSQL, R, Shiny, and other tools to build automated reports, dashboards, and interactive products that support exploratory data analysis and review.
  • Candidates can expect to work with the following technology stack: R, Shiny, PostgreSQL, Python, Git, LaTeX, and Linux.
  • Assist with modernization of on-premises data pipelines and migration to cloud platforms.
  • Conduct software testing, support, and maintenance.
  • Document solutions by developing documentation, flowcharts, layouts, diagrams, and charts.
  • Participate in work groups and initiatives to develop and improve data and technology governance within the Division of Monetary Affairs and across the Federal Reserve System.
  • Effectively communicate, both in writing and verbally, with personnel and stakeholders across all organizational levels to produce time-sensitive, highly visible monetary policy products.
  • Occasional night and weekend work: Required one week per quarter to support critical data productions.

Required Qualifications

  • A bachelor's degree in computer science, information technology, public policy, economics, or related field, and one (1) year of experience
  • Demonstrated ability to build and manage data pipeline and dashboard solutions using R, Shiny, and SQL
  • Foundational knowledge in database design/development, data analysis, data security, technology compliance, and data flow management
  • Able to support more senior staff with technical support, database administration, technical problem solving, technical documentation, data visualization, code creation/maintenance, data integration, and production development/maintenance
  • Meticulous attention to detail in all tasks and deliverables
  • Skills in problem diagnosis and resolution, ability to apply knowledge and creativity to a wide variety of assignments, understanding of the interrelationships among systems, thought leadership, people leadership, communication skills, and learning agility

Desired Qualifications

  • Troubleshooting of software-related issues
  • Agile software development practices
  • Demonstrated interest in economic and/or financial data
  • Knowledge of LaTeX for document preparation
  • Familiarity with cloud data architecture
  • Exposure to data governance practices
  • Familiarity with DevOps practices including Git and CI/CD pipelines
  • User-centered design techniques and information architecture

Candidates should be organized and self-starting while also exhibiting a desire to collaborate with others, develop new skills, and stay updated on current and new technologies. Candidates must be comfortable working with colleagues representing many different disciplines and experience levels.

This position is located in Washington, DC and will require on-site presence four days per month and as business needs require.