Senior Vice President & Director, Real Time Data Research Center
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Job Location:
Philadelphia, PA - USA
Monthly Salary:
Not Disclosed
Posted on:
3 hours ago
Vacancies:
1 Vacancy
Job Summary
Company
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 Feds 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 highperformance 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.
Job Description:
The RealTime DataResearchCenteris a source of knowledge andexpertiseabout real-time macroeconomic data surveys of macroeconomic forecasts and macroeconomic modeling.Housed within the Philadelphia Feds 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 modelingprovidingvaluable insights to be drawn from that research for monetary policymaking. Learn more about thepurposes and functionsof the RealTime Data Research Centerhere.
TheSenior Vice President (SVP) & Director of the RealTime DataResearchCenterleadsthe Centers full portfolio of activities. This includesmacroeconomic surveys data collection forecastingworkshopsand conferences.The SVPsetsstrategicvisionprovides guidance and development tothe Centersstaff ensurestheintegrityand visibility of its products and strengthens partnerships with academic and central bank researchers.As a memberof the Research Departments Leadership Teamthe SVP will advance department initiativesandcontribute to its positive culture.Running adivisionwithinthe Research Departmentthe SVPis central to advancing the mission of the Center providing strong leadershipas well asdevelopingits talent.
To succeed in this rolethe ideal candidatemustdemonstrateexceptional executivelevel leadership andpossessastrongunderstanding ofmacroeconomic research realtime data and advanced econometric techniques.They must be able to set and execute a vision for a complexportfolio of real time dataleveragingadvanced models; oversee highvisibility macroeconomic surveysanddata collection efforts;and ensure the accuracy integrity and relevance of the Centers economic products. Success requires strong analytical judgment the ability to guide sophisticateddata-gathering and analysisefforts and the capacity to communicate insights clearly to seniorleaderspolicymakersand external stakeholders. The candidate must build effective relationshipscollaborate with fellow leaderspromote the Centers 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: $249500- $383900. Final salary and offer will bedeterminedby the applicants backgroundexperienceand 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 Centers portfolio of products tocontinuouslymeet the mission of being a globalsource of data for economic research.
Oversee macroeconomic surveys realtimedata collectionandforecasting activities ensuring alignment with themission and needs of stakeholders.
Ensure the quality integrity and visibility of the Centers products.
DepartmentManagement
Providestrategicguidanceto the Centersmanagement teamevaluate performance setexpectationscascadeinformation and ensureclarity aroundobjectives.
Serve as a coach andmentorforthe Centers staffas well as the Research Department.
Communication& Relationship Management
Coordinate Center activities with other sections of the Research Departmentand the Bank.
EnsuretheCentersproducts reach a variety of audiences including throughoutreach to academia.
Overseethe content of regular publications produced by theCenterensuring theyare relevant and of high quality.
Promote the resourcesfrom the Center to relevant stakeholdersandincorporateapplicablefeedback onproducts and enhancements.
Education and Experience:
PhDineconomicsfinance orrelated field.
Minimum of10years ofdemonstratedexperiencewithinthe field of economicsfinanceorrelated 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 informationunderstand complex topicsandintegrate 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 oftheFederalReserve BoardsInvestment and Trading Policy for FOMC Officials.Specifically 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 totheROLEsspouse and dependent addition the BanksCodeof 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:
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 @ domain or through the Workday system .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.
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
Background investigations and drug testing arefor 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 accessfor this position if they sign a declaration of intent to become a permanent resident and a U.S. citizen and meet other eligibility 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 Fedhere
Full Time / Part Time
Full timeRegular / Temporary
RegularJob Exempt (Yes / No)
YesJob Category
Economics/Research Family GroupWork Shift
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 ( or through verified Federal Reserve Bank social media channels.
Required Experience:
Senior Exec
Key Skills
About Company
One of 12 regional banks in the Federal Reserve System, the Federal Reserve Bank of Kansas City oversees system member banks and bank holding companies in Colorado, Kansas, Nebraska, northern New Mexico, Oklahoma, western Missouri, and Wyoming. The bank also has branch offices in Denv ... View more
