Federal Reserve Bank of PhiladelphiaThe Federal Reserve Bank of Philadelphia (the Philadelphia Fed) is one of 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., comprise the Federal Reserve System (System). Founded by Congress in 1913, the Federal Reserve System serves as the central bank of the United States. The Philadelphia Fed (3rd District) serves eastern and central Pennsylvania, southern New Jersey, and Delaware. Its mission is to formulate and implement monetary policy, supervise banks, bank holding companies, savings and loan holding companies, provide financial services to depository institutions and the federal government, and promote consumer protection and community development.
The Philadelphia Fed’s Research Department (Department) plays an important role within the System and has a long-standing reputation as a thought leader, innovator and influencer of monetary policy, informed by distinguished research, insights and analysis. The Department conducts research on a wide range of economic topics (macroeconomics, labor, finance, banking, and regional), produces analysis used in regional and national policy discussions, and conducts surveys to get timely pulse readings of the economy, including the Manufacturing Business Outlook Survey and the Survey of Professional Forecasters (which is the oldest quarterly survey of macroeconomic forecasts in the United States). It serves as a System leader in data analytics and governance and high‑performance computing. The Consumer Finance Institute (CFI), an innovative and unique cross-disciplinary team, sits within the Department portfolio and analyzes how people earn, spend, save, and invest, as well as how credit markets and payment systems affect the economy. Financial Statistics, which gathers and disseminates information from financial institutions, is also part of the Department portfolio.
The RealTime DataResearchCenteris a source of knowledge andexpertiseabout real-time macroeconomic data, surveys of macroeconomic forecasts, and macroeconomic modeling.Housed within the Philadelphia Fed’s Research Department, the Center producesmacroeconometricanalyses and collects andmaintainsa variety of data sets ofvalue to macroeconomists and monetary policymakers. Our mission is to be the global source of economic research around real-time data, macroeconomic forecast surveys, and macroeconomic modeling,providingvaluable insights to be drawn from that research for monetary policymaking Learn more about the purposes and functions of the RealTime Data Research Centerhere
TheSenior Vice President (SVP) & Director of the RealTime DataResearchCenterleadsthe Center’s full portfolio of activities. This includesmacroeconomic surveys, data collection, forecasting,workshops,and conferences.The SVPsetsstrategicvision,provides guidance and development tothe Center’sstaff, ensurestheintegrityand visibility of its products, and strengthens partnerships with academic and central bank researchersAs a memberof the Research Department’s Leadership Team,the SVP will advance department initiativesandcontribute to its positive cultureRunning adivisionwithinthe Research Department,the SVPis central to advancing the mission of the Center, providing strong leadershipas well asdevelopingits talent
To succeed in this role,the ideal candidatemustdemonstrateexceptional executive‑level leadership andpossessastrongunderstanding ofmacroeconomic research, real‑time data, and advanced econometric techniquesThey must be able to set and execute a vision for a complexportfolio of real time data,leveragingadvanced models; oversee high‑visibility macroeconomic surveys,anddata collection efforts;and ensure the accuracy, integrity, and relevance of the Center’s economic products. Success requires strong analytical judgment, the ability to guide sophisticateddata-gathering and analysisefforts, and the capacity to communicate insights clearly to seniorleaders,policymakersand external stakeholders. The candidate must build effective relationships,collaborate with fellow leaders,promote the Center’s work internally and externally, and provide thoughtful guidanceand coachingto staff while managing evolving priorities and delivering results under tight deadlines.
The salary range for this position is: $249,500- $383,900 Final salary and offer will bedeterminedby the applicant's background,experienceand skills, as well as internal equity and alignment with market data.
Key Responsibilities
The scope of the role includes, but is not limited to:
StrategicLeadership
Advance the strategic visionand planfor the RealTime DataResearchCenterthrough collaboration within the Department and Bank.
Maintain and evolve the Center’s portfolio of products tocontinuouslymeet the mission of being a globalsource of data for economic research.
Oversee macroeconomic surveys, real‑time‑data collection,andforecasting activities, ensuring alignment with themission and needs of stakeholders.
Ensure the quality, integrity, and visibility of the Center’s products
DepartmentManagement
Providestrategicguidanceto the Center’smanagement team,evaluate performance, setexpectations,cascadeinformation, and ensureclarity aroundobjectives
Serve as a coach andmentor,forthe Center’s staffas well as the Research Department.
Communication& Relationship Management
Coordinate Center activities with other sections of the Research Departmentand the Bank
EnsuretheCenter’sproducts reach a variety of audiences, including throughoutreach to academia.
Overseethe content of regular publications produced by theCenter,ensuring theyare relevant and of high quality
Promote the resourcesfrom the Center to relevant stakeholdersandincorporateapplicablefeedback onproducts and enhancements
Education and Experience:
PhDineconomics,finance, orrelated field
Minimum of10years ofdemonstratedexperiencewithinthe field of economics,financeorrelated fields, including strongtrack recordof publishing in leading journals.
Demonstrated people and project leadership
Knowledge and Skills:
Strong analytical and critical thinking, including ability to assimilate complex information,understand complex topics,andintegrate data with policy concepts
Demonstratedexpertisein advanced quantitative economic/financial methods.
Experiencein developing high-performing teams, with an emphasis on coaching and mentorship.
Exceptional interpersonal skillsincludingwritten and verbal communication skills.
Strong organizational skills to manage evolving priorities and tight deadlines.
Other Requirements
Maintain a full-time onsite presence at the Philadelphia Fed
Willingness to travelas needed.
Ethics Considerations and Prohibited Activities
Employees of the Philadelphia Fedare held to the highest standards ofintegrity, impartiality, and public trust. Tomaintainconfidence in the Federal Reserve System, allemployees mustcomply withfederal statutes prohibiting financial conflicts of interest, and senior officialsare subject toadditionalrestrictions.
TheROLEis subject toSections III and IV ofthe FederalReserve Board’sInvestment and Trading Policy for FOMC OfficialsSpecifically, theROLE should not hold derivatives tied to short-term interest rates; ownor control, directly or indirectly, any debt or equity interest in a primary government securities dealer or any of its affiliate; or place bets on FOMC actions.must:
Hold investments for at least 45 days.
Refrain from trading during FOMC blackout periods or periods of financial market stress.
Disclose financial transactions.
These restrictions also apply totheROLE’sspouse and dependent children. In addition, the Bank’sCodeof Conduct prohibits outside activities that conflict with official duties (e.g., serving as a director of a publiccompany) and certain partisan political activities.
Candidates should review the following to ensure compliance:
We offer a great benefits package that features:
Medical, Dental, and Vision Insurance
401k/Thrift Plan with generous employer match
Employer-funded Pension Plan
Paid Vacation/Sick Time & Holidays
Flexible Spending Accounts and Healthcare Spending Accounts
Life Insurance and Long-Term Disability Insurance
Parental Leave
Free onsite 24/7 Fitness Center
Additional Benefits, Discounts and More…
Additional Information:
The Federal Reserve Bank of Philadelphia takes your information privacy seriously. Federal Reserve Bank of Philadelphia staff will only email you from the “@phil.frb.org” domain or through the Workday system “rb@myworkday.com”.If you are initially contacted by phone, feel free torequestthat the caller provide you with their email address tovalidatetheir identity. If you have any questions about the validity of someone who contacts youregardingthis position, please email the Talent Acquisition team at TalentAcquisition@phil.frb.org
We are an equal opportunity employer committed to hiring the best candidates and toprovidingequal employment opportunity to all persons without regard to race, color, religion, sex, pregnancy, national origin, age, genetic information, disability, military service, or any other basis protected by law.
We will ensure that individuals with disabilities are provided reasonable accommodations to participate in the job application or interview process, to perform essential job responsibilities, and to receive other benefits and privileges of employment. If you need assistance or an accommodation due to a disability, please email us at TalentAcquisition@phil.frb.org.
Background investigations and drug testing arerequiredfor all new hires as a condition of employment, after the job offer is made.Due to the nature of theinformationyou will have access to, we require that you also complete a more in-depth enhanced background screening. Employment may not begin until the Bank accepts the results of the background investigation.
All employees 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.
This position requires access to confidential supervisory information and FOMC information, which is limited to “Protected Individuals” as defined in the U.S. federal immigration law. Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, and U.S. permanent residents who either are not yet eligible to apply for naturalization or who have applied for naturalization within the requisitetimeframe Candidates who are permanent residents must sign a declaration of intent to become a U.S. citizen when eligible to do so and pursue a path to citizenship. Candidates who are not U.S. citizens or U.S. permanent residents may be eligible for the information accessrequiredfor this position if they sign a declaration of intent to become a permanent resident and a U.S. citizen and meet other eligibility requirements. In addition, all candidatescomply withall applicable information handling rules. The Policy Advisor willbe requiredto provide work authorization to prove eligibility to work in the United States.
The above statements are intended to describe the general nature, level of work and the requirements of this position. They are not intended tobean exhaustive list of all responsibilities associated with this position or the personnel so classified. While this job description is intended to bean accuratereflection of this position, management reserves the right to revise this or any job description at its discretion at any time.
By applyingtothis position, you agree you will be available to work on-site in a full-time capacity.
Learn more about working for the Philly Fed here
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.
