Senior Data Scientist

The Federal Reserve

Quick summary

Work type
On-site
Location
Chicago, IL
Salary
$133,400–$157,700 / yr
Posted
3 days ago
Closes
Jul 10, 2026

Market check

Salary context

Competitive pay

How this pay compares to similar roles

Similar $162k
This role $146k
$101k most similar roles pay here $228k

This role pays less than 65% of similar roles. Most pay $126,800–$197,133 — the shaded band above. At the midpoint, this role pays about $146k versus about $162k for comparable roles.

Based on 240 similar postings.

Employer

About The Federal Reserve

The Federal Reserve is the central bank of the United States—one of the world's most influential, trusted and prestigious financial organizations.

The Federal Reserve currently has 32 open roles on FindRole.

Listed pay typically runs $139,250–$185,200 across 24 roles with salary data.

Most-posted roles

View all roles at The Federal Reserve

At a glance

TL;DR · Senior Data Scientist

As a Senior Data Scientist at the Federal Reserve Bank of Chicago’s Wholesale Credit Risk Center, you will join a team dedicated to fostering financial stability through advanced analytics and data-driven insights. Your role involves developing automated ETL pipelines using Python, SQL, and PySpark to process large datasets from internal and external sources, identifying emerging wholesale credit risks, and communicating findings to non-technical stakeholders. You will lead projects from conception to deployment, ensuring compliance with responsible AI practices while collaborating across departments to address complex financial challenges. Ideal candidates have a background in Computational Finance or related field, along with three years of experience in data analytics, machine learning, and cloud platforms like AWS or Azure.

What you'll do

  • Develops and integrates advanced analytics solutions using data analytics methods and computational modeling techniques.
  • Designs fully automated ETL pipelines for internal and external datasets to support reporting, dashboards, and ad-hoc requests.
  • Translates complex business questions into analytical frameworks and delivers insights through clear communication to non-technical stakeholders.
  • Oversees the full development lifecycle of products, ensuring adherence to best practices and coding standards.
  • Utilizes AI ecosystems to accelerate code generation, unit testing, and sustainability while maintaining high data quality and compliance.
  • Leads initiatives in analyzing financial data, including regulatory datasets, to provide key statistical insights for decision-making.

What we're looking for

  • Minimum three years of work experience in data analytics or related field.
  • Advanced proficiency in Python, PySpark, and SQL for data manipulation and analysis.
  • Experience with operationalizing Machine Learning workflows using specialized frameworks.
  • Strong analytical skills and knowledge of statistical modeling techniques.
  • Excellent verbal and written communication skills to convey complex insights clearly.
  • Proficiency in cloud data platforms, technologies, and solutions for scalable analytics.
  • Bachelor's degree in Computational Finance or related field; advanced degrees preferred.

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