Full-Time
Lead Data Scientist
Updated on 9/13/2026
The Federal Reserve System
1,001-5,000 employees
Central bank of the United States
Compensation Overview
$167k - $250.6k/yr
No H1B Sponsorship
Boston, MA, USA
In Person
Onsite work is anticipated; employees residing within the First District are expected to remain located there unless approved otherwise.
US Citizenship Required
Bachelor's, Master's
 Data & Analytics (1) |
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- A minimum Bachelor of Science degree in Computer Science with Statistics or Mathematics.
- A minimum of 7 years of experience in data science, including at least 3 years in a technical leadership role.
- Proficiency in modern statistical and general-purpose programming languages.
- Expertise in data analysis, machine learning, and statistical modeling.
- Experience with data visualization tools and big data technologies.
- Familiarity with or expertise in Python, R, Stata, SQL, Apache Spark, Apache Airflow, AWS services including Lambda, EC2, ECS, IAM, Athena, and S3, Ansible, Terraform, Linux distributions including Alma and Red Hat, Git, and GitLab.
- Knowledge of descriptive statistics, generalized linear models, and basic econometrics.
- Ability to translate a business or research problem into a model that can be trained or estimated, including clustering, regression, and neural networks.
- Strong problem-solving abilities and a deep understanding of statistical methods and data analysis techniques.
- Ability to interpret complex data and communicate insights effectively.
- Demonstrated ability to lead, motivate, and mentor a team of data professionals.
- Excellent organizational and project management skills.
- Ability to present complex technical concepts to non-technical stakeholders.
- Proven experience working in a cross-functional team environment and building relationships with stakeholders.
- Must be a U.S. citizen or lawful permanent resident alien with at least three years of U.S. residency from the date of legal entry.
- Must successfully pass the required two-phase security screening, including physical examination, drug screening, reference checks, credit and criminal history checks, and risk-based security screening.
- Must undergo FBI fingerprint, criminal background, and Patriot Act and Office of Foreign Assets Control watch-list checks at least once every five years.
- Lead and mentor a team of data scientists and engineers.
- Define and drive the data science strategy in alignment with department goals.
- Foster a culture of continuous learning and improvement within the team.
- Oversee and manage multiple data science projects from inception to completion.
- Ensure timely delivery of high-quality results that meet business requirements.
- Design and develop modular, efficient, reusable, and maintainable software scripts or packages to enable research.
- Design and implement advanced statistical models, machine learning algorithms, and data processing techniques.
- Use tools and methods to answer research questions from complex datasets.
- Work with economists and other stakeholders to understand data needs and deliver solutions that drive business outcomes.
- Develop and promote best practices for reproducible research workflows.
- Communicate findings and recommendations effectively.
- Stay current with industry trends and emerging technologies.
- Identify opportunities to incorporate new methods and technologies into data science practices.
- Oversee data collection, storage, and processing to ensure data quality and integrity.
- Implement best practices for data governance and security.
- Develop and maintain dashboards, reports, and visualizations that provide clear and actionable insights to stakeholders.
- Provide direction to junior team members or interns as needed.
- An advanced degree.
- Familiarity with large language models, parameter-efficient fine-tuning, and retrieval-augmented generation.
The Federal Reserve System is the central bank of the United States that conducts national monetary policy, supervises and regulates banks and bank holding companies, and provides financial services for banks and the U.S. government. It uses tools like setting interest rates, market operations, bank supervision, and payments services to influence credit, prices, and financial stability, operating through 12 regional banks and a Board in Washington. It is different from private banks because it is a public-mission institution with a nationwide mandate and a regional structure that blends national policy with local insight, not focused on profits. Its goal is to promote a strong economy and a stable financial system for the United States.
Company Size
1,001-5,000
Company Stage
N/A
Total Funding
N/A
Headquarters
null
Founded
1913
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Simplify's Take
What believers are saying
- June 2026 supervision reforms reduced reputational-risk baggage and sharpened material-risk focus.
- September 4, 2026 cybersecurity reporting signals active resilience investments under Tannaz Haddadi.
- Skander Van den Heuvel joins Philadelphia Fed November 1, 2026, strengthening research bench.
What critics are saying
- Trump v. Cook kept Lisa Cook's removal fight alive after June 29, 2026.
- Better Markets sued the Fed on September 10, 2026 over capital-rule rulemaking.
- August 26, 2026 DOJ disclosures showed Chinese hackers targeting Fed networks.
What makes The Federal Reserve System unique
- The Fed controls U.S. monetary policy, bank supervision, and Treasury payments nationwide.
- Kevin Warsh became chairman on May 22, 2026, centralizing leadership.
- The System’s regional Banks preserve local research depth while coordinating national policy.
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Benefits
Health Insurance
Dental Insurance
Vision Insurance
401(k) Company Match
401(k) Retirement Plan
Paid Vacation
Paid Sick Leave
Paid Holidays
Pet Insurance
Wellness Program
Company News
Tannaz Haddadi named Deputy Chief Information Security Officer at Federal Reserve Board. September 10, 2026 Tannaz Haddadi has been named Deputy Chief Information Security Officer (CISO) at the Federal Reserve Board, taking on a senior cybersecurity leadership role focused on strengthening security and privacy while supporting the organisation's broader transformation efforts. Haddadi announced her new role on LinkedIn, saying she was "delighted and honored" to have been named Deputy CISO at the Federal Reserve Board. She said the new responsibility would allow her to continue the organisation's transformation journey by strengthening security and privacy, building high-functioning teams, breaking down silos and enabling the organisation's mission through trusted and resilient capabilities. In her new role, Haddadi will focus on security and privacy capabilities while supporting the development of teams and organisational practices designed to strengthen resilience. Her background spans cybersecurity, privacy, technology risk, enterprise transformation and strategic leadership. Haddadi has been associated with the Federal Reserve Board's technology organisation for several years. Federal Reserve records show that she was appointed an Assistant Director in the Board's Division of Information Technology in January 2023. Current Board organisational information lists her among the Deputy Associate Directors within the Division of Information Technology. Her professional background includes experience across cybersecurity, privacy, identity and access management, security and privacy engineering, technology risk management and data governance. She has also worked across government organisations, including the Consumer Financial Protection Bureau, Federal Emergency Management Agency, Department of Defense, US Citizenship and Immigration Services and the Federal Deposit Insurance Corporation. Haddadi's career has included responsibilities involving security and privacy transformation, enterprise governance and technology risk. Her professional profile describes her as a Security, Privacy & Risk Executive with experience in enterprise transformation and strategic leadership. Her LinkedIn profile currently identifies her as Deputy CISO at the Federal Reserve Board. Before her latest appointment, Haddadi held leadership responsibilities within the Federal Reserve Board's information technology organisation. Her progression within the Board's technology structure reflects her experience in areas connected with cybersecurity, risk and organisational transformation. Commenting on the appointment, Haddadi expressed gratitude to the leaders, colleagues and teams who had supported her professional journey. She said she was proud of what they had accomplished together and was energised by the work ahead. The appointment comes as Haddadi continues her leadership within the Federal Reserve Board's technology organisation, with her new Deputy CISO responsibility centred on strengthening security and privacy, developing high-performing teams and supporting trusted and resilient capabilities across the organisation. - Advertisement -
Crypto enters September with legislative policy gamble hanging by a thread. Sep 2, 2026 - 01:17 The crypto industry heads into September with its biggest legislative bet hanging in the balance, and little confidence the proposed bill will make it past the finish line. The looming vote on the crypto market structure bill known as the Clarity Act is shaping up as a critical test for an industry that's spent years pushing Washington for clearer rules around digital assets. The bill would establish a framework for crypto, divide oversight between the Securities Exchange Commission and the Commodity Futures Trading Commission, set registration requirements and strengthen anti-money-laundering protections. But despite efforts by crypto executives and President Donald Trump to excite investors and industry watchers about the possibility that the bill could become law this year, the mood is less optimistic among industry participants. Many are resigned that the Clarity Act is dead in 2026. "I personally am a bit pessimistic about the Clarity Act being passed," John Darsie, CEO of SALT, told CNBC at the Wyoming Blockchain Symposium in Jackson Hole in August. "Leading into the midterms, you don't often pass legislation of this magnitude." SALT calls itself an investment and networking platform and leadership forum. Missed window. The Clarity Act missed sponsors' legislative window when the Senate adjourned for its August recess without voting on the bill. Now, Senate Majority Leader John Thune has scheduled a key procedural vote for Sept. 15, after the Senate returns from its recess, potentially paving the way for a full floor vote. Unresolved issues include stablecoin rewards and ethics provisions tied to President Trump and his family's crypto interests. Arizona Sen. Ruben Gallego, one of only two Democrats voting to advance the bill out of the Senate Banking Committee, has been working on a bipartisan compromise regarding ethics language for the Clarity Act. There is still a chance for the bill to advance in the Senate, but Republicans and Democrats need to find consensus, Gallego said. "The way to get 60 votes is with good ethics legislation as well as rounding out some of the things that are still outstanding," Gallego said during a fireside chat at the Wyoming Blockchain Symposium last month. The possible demise of Clarity stands in stark relief to the historic sums committed in the 2024 election cycle to shifting Washington's position on crypto. Crypto-backed political groups spent more than $200 million, helping elect candidates friendly to the industry and making crypto regulation a mainstream issue. Deregulation bet. The bet was straightforward: a Trump victory and a more crypto-friendly Washington could replace years of regulatory hostility. Viewed from a narrow lens, the investment is already paying off, even if Clarity dies. The SEC and CFTC are more accommodating to crypto under Trump, while other regulators - including the Office of the Comptroller of the Currency, a key banking regulator - have also moved toward a looser framework for digital assets. From the White House, the Trump administration continues to publicly frame crypto policy as a priority. At a cryptocurrency summit in August, President Trump said the administration is focused on creating "a clear regulatory framework for pioneers and builders." The White House meeting took place at the same time as the Wyoming Blockchain Symposium in Jackson Hole. Industry leaders speaking in Wyoming argued that crypto can continue to develop even without the comprehensive market structures found in Clarity. SEC and CFTC rulemaking can provide more certainty in the absence of Clarity, executives told CNBC, while companies continue building under the more relaxed regulatory framework taking shape. "We've already seen some contingency planning," said Sunayna Tuteja, former chief innovation officer at the Federal Reserve, pointing to discussions between the SEC and CFTC about what can be done through rulemaking. "Not perfect, but progress nonetheless." Denelle Dixon, president of Stellar Development Foundation, argued that the industry should use the next two years to improve existing regulations, creating precedent that can survive the next administration. Stellar is a nonprofit that aims to widen access to global finance using blockchain technology. The next two years should be spent using the rules and standards that have already emerged from the SEC and CFTC so that, "whichever administration takes over, we have all of this bulletproof work that we've done to show not only is it successful, but it is advantageous for us to maintain this market structure," Dixon said. Accepting today's status quo still leaves the industry pushing for clear rules to reduce uncertainty, provide an upside catalyst for bitcoin and the broader crypto market and make it easier for companies and investors to commit capital. "If you're looking to deploy capital and invest, and one [jurisdiction] has an established framework while another jurisdiction like the U.S... may be subject to, every two to four years, rapid and extreme change - [it's] hard to allocate capital," said Andrew McCormick, head of institutional and market development at Chainlink Labs. Formal legislation can provide certainty that survives changes in administrations and political parties, he said. Former New York Gov. Andrew Cuomo, an OKX board member, warned that if Clarity doesn't pass before the midterm elections, a change in control of the House could produce years of regulatory conflict. OKX provides spot, margin, and derivatives trading for digital assets, alongside decentralized finance tools. "If you believe there's a change of power, at least in the House, which I do believe that Democrats will win the House, then you're going to have a Democratic Congress overseeing an administration, the Trump administration, with the regulators making decisions under the scrutiny of a hostile Congress and that is not a good place to be because Congress will be at loggerheads with the administration," Cuomo told CNBC at the Wyoming Blockchain Symposium. After years of operating under an often hostile regulatory regime, the industry may simply have learned how to keep moving without Washington providing a definitive framework. That means that in the current political climate, passing Clarity would count as a major win. But failure may not prove the setback crypto companies once feared.
Fed Chairman Kevin Warsh highlighted token prices as a potential indicator of AI's economic value in his Jackson Hole speech on Friday. Tokens measure the data AI models process, and many AI companies charge customers based on token consumption. Warsh views token pricing as revealing competition among providers, model quality differences, and computing costs. However, falling token prices tell contradictory stories: they could signal genuine productivity gains if capabilities improve whilst costs drop, or indicate commoditisation if models become interchangeable. "Pricing power at the frontier—not usage growth—is becoming the real scoreboard for whether AI is creating value or just consuming capital," said technology analyst Luke Lango. For CFOs, token prices represent input costs, but lower costs don't guarantee higher returns. The key question remains whether AI adoption generates measurable productivity gains or new revenue opportunities.
New Fed chair Kevin Warsh has rejected the traditional view that wage growth drives inflation, instead blaming government spending and money creation. In his first Jackson Hole speech, Warsh challenged the Phillips curve orthodoxy that links rising worker pay to price pressures. This shift matters for investors holding growth stocks, industrials and bank shares. Core PCE inflation over the past three months has neared the Fed's 2% target. Markets priced roughly a 55–60% probability of a September rate rise before Warsh's remarks. Average hourly earnings reached $37.62 in July 2026, whilst real hourly earnings sat at $11.30, barely above year-earlier levels. Warsh emphasised that one percentage point higher annual productivity growth would double living standards within a generation. The reframing removes the Fed's traditional justification for raising rates when hiring accelerates or paycheques grow.
Stablecoins not a credible means of payment at scale, BIS chief says. 29 Aug 2026 12:59AM Add CNA as a trusted source to help Google better understand and surface our content in search results. JACKSON HOLE, Wyoming, Aug 28: Stablecoins do not credibly function as a means of payment at scale and tokenized deposits offer a more compelling case to harness the benefits of this new technology, said the chief of the Bank for International Settlements, a central bank umbrella group. Stablecoins are a type of crypto asset designed to maintain a stable value. Their growing popularity has fuelled concerns about financial stability and money laundering among key officials, particularly outside the United States. However, U.S. Treasury Secretary Scott Bessent has supported stablecoins, calling them a digital revolution that could help cement the dollar's position as the world's top reserve currency and create demand for trillions of dollars' worth of Treasuries. Addressing the U.S. Federal Reserve's Jackson Hole Economic Policy Symposium in Wyoming, Pablo Hernandez de Cos, general manager of the BIS, said the two instruments could coexist. But he argued that tokenized deposits should account for the bulk of day-to-day payments and stablecoins should serve more specialised roles. De Cos, a candidate to replace European Central Bank President Christine Lagarde next year, listed a slew of issues with stablecoins. He said they could indeed lower sovereign borrowing costs, as Bessent has argued. But bank funding costs could rise as funds are channelled away from lenders and ordinary borrowers may end up paying higher rates, de Cos said. Stablecoins also break the "singleness" of money since customers cannot jump between products without selling and buying at a cost, he said. Stablecoin platforms are also not genuinely interoperable and they raise money-laundering questions since controls are difficult to apply consistently, de Cos said. "The growing adoption of dollar-pegged stablecoins has also raised concerns in some jurisdictions about monetary sovereignty and the potential for digital dollarization," he said. If ordinary borrowers outside the U.S. pile into dollar-based stablecoins, such a move could erode monetary sovereignty, weaken domestic monetary policy transmission and tie local conditions more closely to external policy stances, de Cos said. "Tokenised deposits offer a more direct path to harness tokenisation while preserving the monetary system's foundations," de Cos said. Still, even tokenized deposits need to solve issues about interoperability, governance and legal hurdles, including on settlement, he said.