Federal Reserve Bank of Boston
Job Description Summary
As an employee of the Boston Fed, you will work to promote sound growth and financial stability in New England and the nation. The bank contributes to communities, the region, and the nation by conducting economic research, participating in monetary policy-making, supervising certain financial institutions, providing financial services and payments, playing a leadership role in the payments industry, and supporting economic well-being in communities through a variety of efforts. The Boston Fed is one of 12 Reserve Banks and we serve all or parts of Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont. Our mission is to create a vibrant economy that works for all.
It is anticipated that you will work onsite for this role. If you currently reside within the First District it is expected to stay located within the district unless otherwise approved by your management and HR management.
Please include a Cover letter explaining your interest in the position.
Job Description
Role Summary: This position is responsible for leading original applied research in a field of specialization relevant to R&CO’s work for professional publication, either generally or internally refereed.
About the RCO Research Team: The R&CO Research team shares expertise and conducts research designed to build knowledge, inform Bank leadership, and enable others to build evidence-based strategies that support the economic well-being and mobility of low- and moderate-income communities and families in New England. The department’s focal areas are: Promoting the prosperity of smaller cities and rural areas, financial opportunity including understanding wealth, and employment outcomes; and we also do work to monitor community economic conditions. Our work contributes to the Fed’s larger goal of building an economy that works for everyone. The Senior Research Scientist’s work should aim to inform policy and/or the work of organizations by providing background on the topic, empirical analysis, and explanation of how the findings may inform issues related to the economic well-being of low-and moderate-income communities. This position is responsible for communicating clearly and formally to the public, including key stakeholders, research communities, the media, and leadership across the Federal Reserve System on economic and community development topics. The Senior Research Scientist is also responsible for providing direction to less experienced social scientists and other staff members.
Leading and contributing to applied research using empirical methods and analysis that aim to contribute to and build upon subject matter expertise. (50%)
Communicating research (25%)
Team contributions (25%)
Other Job expectations
Qualifications include:
The salary range for this position is $136,500 - $204,700. The Boston Fed believes in salary transparency. The final salary and offer will be determined by the applicant’s background, skills, internal equity, and alignment with market data. Whether you’re developing into the job or are a more seasoned candidate, we aim to pay competitively.
All employees assigned to this position will be subject to FBI fingerprint/ criminal background and Patriot Act/ Office of Foreign Assets Control (OFAC) watch list checks at least once every five years.
The above statements are intended to describe the general nature and level of work required of this position. They are not intended to be an exhaustive list of all duties, responsibilities or skills associated with this position or the personnel so classified.
While this job description is intended to be an accurate reflection of this position, management reserves the right to revise this or any job description at its discretion at any time.
The Regional & Community Outreach Department collaborates actively with regional stakeholders and across internal functions. As such, we require full-time in-office or in-field work (with some flexibility) for this position.
Full time
Regular
Yes
Economics/Research Family Group
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.
The Federal Reserve System is the Central Bank of the United States. It was founded by Congress in 1913 to provide the nation with a safer, more flexible and more stable monetary and financial system. Over the years, its role in banking and the economy has expanded.
Today the Federal Reserve's duties fall into four general areas:
Conducting the nation's monetary policy by influencing the monetary and credit conditions in the economy in pursuit of maximum employment, stable prices and moderate long-term interest rates.
Supervising and regulating banking institutions to ensure the safety and soundness of the nation's banking and financial system and to protect the credit rights of consumers.
Maintaining the stability of the financial system and containing systemic risk that may arise in financial markets.
Providing financial services to depository institutions, the U.S. government, and foreign official institutions, including playing a major role in operating the nation's payments system.
