Charles River Associates Charles River Associates (CRA) is a leading global consulting firm that offers economic, financial, and strategic expertise to major law firms, corporations, accounting firms, and governments around the world. Our experts bring a unique combination of cutting-edge research, state-of-the-art methods, and proven experience to bear on our clients’ most complex challenges.

Explore how CRA can help you launch your career and click here to learn why PhDs choose CRA.

Our Financial Economics practice hiring location is Washington, DC.

Our Financial Economics practice is a leader in providing economic analysis, advice, and testimony for consumer financial services clients in the U.S. Our work as financial economics and fair lending experts focuses on rigorous empirical assessments, whether before a court or a regulatory agency.  CRA Financial Economics consultants have an exceptional breadth of knowledge and experience in consumer compliance and model validation.  We set a high standard for the clear communication of sophisticated economic analysis in regulatory compliance, supervisory matters, enforcement matters and class action and single-plaintiff litigation matters.

We advise and provide empirical analyses for residential mortgage lenders, auto lenders, credit card providers and FinTech firms.  In the Financial Economics Practice at Charles River Associates, your work will help clients build models that promote fair and equitable access to credit in housing finance, auto lending, student lending and other credit programs.

We are actively searching for a senior quantitative analyst who will be responsible for the development and execution of quantitative analytics and modeling projects. This will include applying modeling and statistical techniques to underwriting, pricing, and redlining analyses.  For model validation projects, you will use techniques from statistics, machine learning and deep learning to conduct fair lending analyses of client models and tools, such as evaluating whether models have disparate effects on different demographic groups and how those effects vary among alternative model formulations.  You will prepare documentation to explain analytical decisions and comply with clients’ model risk management and model validation requirements. You will write programs that can clean, coordinate and analyze large volumes of data.  The analyses may be presented to both technical and non-technical audiences.

Responsibilities may include:

  • Working closely with leading academics, managing the research process, and supervising, training and mentoring junior analysts
  • Conducting research in a supportive, team-oriented environment
  • Acting as a primary point of contact for clients and assisting in the development and presentation of client deliverables including expert reports summarizing our opinions, conclusions, and recommendations and third party financial, market and industry data
  • Consulting with attorneys and other clients in industry and government on a wide variety of finance, strategy and economics issues
  • Independently conceptualizing and identifying issues, designing complex economic and financial models to analyze economic and financial data
  • Programming, model building and/or regression analysis in statistical analysis programs (such as Stata, SAS, R or Python)
  • Ensuring the integrity and accuracy of analyses and opinions

As most of our work is done in the office, minimal travel is required.

Qualifications

Successful candidates will have or be expected to complete a Ph.D. in economics by 2023 and will have specific expertise in the fields of industrial organization, applied microeconomics, econometrics, financial economics, or other quantitative areas. 

CRA provides immigration assistance to eligible foreign nationals in accordance with the firm’s immigration policy and applicable law.

How to Apply

To be considered for all interview opportunities, candidates must:

- Submit your curriculum vitae, cover letter, a copy of a research/job market paper or dissertation, and 3 letters of recommendation to this posting

Deadline

Interviews will be conducted on a rolling basis, with first round interviews occurring virtually.  To be considered, please submit your application no later than November 15, 2022.  Candidates who are focusing their search on industry and consulting and would like to be considered early should indicate that in the CRA online application and submit all materials as early as possible.

 

Work Location, Flexibility, and COVID Safety

At CRA, we believe in creating a work environment that enables our colleagues to benefit from being together in the office to best deliver on our promise of career growth and mentorship, while also taking advantage of the flexibility and inclusivity that working from home provides. We continue to monitor local government and regulatory guidance and adapt our safety guidelines accordingly. For those who begin the interview process with CRA, your recruiting point of contact will be available to answer any questions about work location and COVID safety.

Our Commitment to Diversity

Charles River Associates is an equal opportunity employer. As part of our focus on equity and inclusion, we work to ensure a fair and consistent hiring process. We celebrate diversity and we are committed to an inclusive work environment.

CRA is an Equal Opportunity and Affirmative Action Employer (EEO/AAE): Minority/Female/Veteran/Disabled.

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