Senior Vice President & Director, Real Time Data Research Center

Federal Reserve System

Philadelphia, PA$249,500 - $383,900Full-timePosted 2mo ago

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Company

Federal Reserve Bank of Philadelphia

The 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.

Job Description:

The RealĀ Time DataĀ ResearchĀ CenterĀ is a source of knowledge andĀ expertiseĀ about real-time macroeconomic data, surveys of macroeconomic forecasts, and macroeconomic modeling.Ā Housed within the Philadelphia Fed’s Research Department, the Center producesĀ macroeconometricĀ analyses and collects andĀ maintainsĀ a variety of data sets ofĀ value 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,Ā providingĀ valuable insights to be drawn from that research for monetary policymaking. Learn more about the purposes and functions of the RealĀ Time Data Research CenterĀ here.Ā Ā 
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TheĀ Senior Vice President (SVP) & Director of the RealĀ Time DataĀ ResearchĀ CenterĀ leadsĀ the Center’s full portfolio of activities. This includesĀ macroeconomic surveys, data collection, forecasting,Ā workshops,Ā and conferences.Ā The SVPĀ setsĀ strategicĀ vision,Ā provides guidance and development toĀ the Center’sĀ staff, ensuresĀ theĀ integrityĀ and visibility of its products, and strengthens partnerships with academic and central bank researchers.Ā As a memberĀ of the Research Department’s Leadership Team,Ā the SVP will advance department initiativesĀ andĀ contribute to its positive culture.Ā Running aĀ divisionĀ withinĀ the Research Department,Ā the SVPĀ is central to advancing the mission of the Center, providing strong leadershipĀ as well asĀ developingĀ its talent.Ā Ā 
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To succeed in this role,Ā the ideal candidateĀ mustĀ demonstrateĀ exceptional executive‑level leadership andĀ possessĀ aĀ strongĀ understanding ofĀ macroeconomic research, real‑time data, and advanced econometric techniques.Ā They must be able to set and execute a vision for a complexĀ portfolio of real time data,Ā leveragingĀ advanced models; oversee high‑visibility macroeconomic surveys,Ā andĀ data collection efforts;Ā and ensure the accuracy, integrity, and relevance of the Center’s economic products. Success requires strong analytical judgment, the ability to guide sophisticatedĀ data-gathering and analysisĀ efforts, and the capacity to communicate insights clearly to seniorĀ leaders,Ā policymakersĀ and external stakeholders. The candidate must build effective relationships,Ā collaborate with fellow leaders,Ā promote the Center’s work internally and externally, and provide thoughtful guidanceĀ and coachingĀ to staff while managing evolving priorities and delivering results under tight deadlines.Ā Ā 
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The salary range for this position is: $249,500Ā - $383,900. Final salary and offer will beĀ determinedĀ by the applicant's background,Ā experienceĀ and skills, as well as internal equity and alignment with market data.Ā Ā 
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Key ResponsibilitiesĀ Ā 
The scope of the role includes, but is not limited to:Ā 

StrategicĀ LeadershipĀ Ā 

  • Advance the strategic visionĀ and planĀ for the RealĀ Time DataĀ ResearchĀ CenterĀ through collaboration within the Department and Bank.Ā 

  • Maintain and evolve the Center’s portfolio of products toĀ continuouslyĀ meet the mission of being a globalĀ source of data for economic research.Ā Ā 

  • Oversee macroeconomic surveys, real‑time‑data collection,Ā andĀ forecasting activities, ensuring alignment with theĀ mission and needs of stakeholders.Ā Ā 

  • Ensure the quality, integrity, and visibility of the Center’s products.Ā 

DepartmentĀ ManagementĀ 

  • ProvideĀ strategicĀ guidanceĀ to the Center’sĀ management team,Ā evaluate performance, setĀ expectations,Ā cascadeĀ information, and ensureĀ clarity aroundĀ objectives.Ā Ā 

  • Serve as a coach andĀ mentor,Ā forĀ the Center’s staffĀ as well as the Research Department.Ā Ā 

CommunicationĀ & Relationship ManagementĀ 

  • Coordinate Center activities with other sections of the Research DepartmentĀ and the Bank.Ā 

  • EnsureĀ theĀ Center’sĀ products reach a variety of audiences, including throughĀ outreach to academia.Ā 

  • OverseeĀ the content of regular publications produced by theĀ Center,Ā ensuring theyĀ are relevant and of high quality.Ā 

  • Promote the resourcesĀ from the Center to relevant stakeholdersĀ andĀ incorporateĀ applicableĀ feedback onĀ products and enhancements.Ā Ā 

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Education and Experience:Ā 

  • PhDĀ inĀ economics,Ā finance, orĀ related field.Ā Ā 

  • Minimum ofĀ 10Ā years ofĀ demonstratedĀ experienceĀ withinĀ the field of economics,Ā financeĀ orĀ related fields, including strongĀ track recordĀ of publishing in leading journals.Ā Ā 

  • Demonstrated people and project leadership.Ā 

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Knowledge and Skills:Ā 

  • Strong analytical and critical thinking, including ability to assimilate complex information,Ā understand complex topics,Ā andĀ integrate data with policy concepts.Ā Ā 

  • DemonstratedĀ expertiseĀ in advanced quantitative economic/financial methods.Ā Ā 

  • ExperienceĀ in developing high-performing teams, with an emphasis on coaching and mentorship.Ā Ā 

  • Exceptional interpersonal skillsĀ includingĀ written and verbal communication skills.Ā Ā 

  • Strong organizational skills to manage evolving priorities and tight deadlines.Ā 

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Other RequirementsĀ 

  • Maintain a full-time onsite presence at the Philadelphia Fed.Ā Ā 

  • Willingness to travelĀ as needed.Ā 

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Ethics Considerations and Prohibited ActivitiesĀ Ā 

Employees of the Philadelphia FedĀ are held to the highest standards ofĀ integrity, impartiality, and public trust. ToĀ maintainĀ confidence in the Federal Reserve System, allĀ employees mustĀ comply withĀ federal statutes prohibiting financial conflicts of interest, and senior officialsĀ are subject toĀ additionalĀ restrictions.Ā 

TheĀ ROLEĀ is subject toĀ Sections III and IV ofĀ theĀ Ā FederalĀ Reserve Board’sĀ Investment and Trading Policy for FOMC Officials.Ā Ā Specifically, theĀ ROLE should not hold derivatives tied to short-term interest rates; ownĀ or 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.Ā must:Ā 

  • Hold investments for at least 45 days.Ā 

  • Refrain from trading during FOMC blackout periods or periods of financial market stress.Ā 

  • Disclose financial transactions.Ā 

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These restrictions also apply toĀ theĀ ROLE’sĀ spouse and dependent children. In addition, the Bank’sĀ CodeĀ of Conduct prohibits outside activities that conflict with official duties (e.g., serving as a director of a publicĀ company) and certain partisan political activities.Ā 

Candidates should review the following to ensure compliance:Ā 

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We offer a great benefits package that features:Ā 

  • Medical, Dental, and Vision InsuranceĀ Ā 

  • 401k/Thrift Plan with generous employer matchĀ 

  • Employer-funded Pension PlanĀ 

  • Paid Vacation/Sick Time & HolidaysĀ 

  • Flexible Spending Accounts and Healthcare Spending AccountsĀ 

  • Life Insurance and Long-Term Disability InsuranceĀ 

  • Parental LeaveĀ 

  • Free onsite 24/7 Fitness CenterĀ Ā 

  • Additional Benefits, Discounts and More… 

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Additional Information:Ā 

The Federal Reserve Bank of Philadelphia takes your information privacy seriously. Federal Reserve Bank of Philadelphia staff will only email you from the ā€œ@phil.frb.orgā€ domain or through the Workday system ā€œrb@myworkday.comā€.Ā If you are initially contacted by phone, feel free toĀ requestĀ that the caller provide you with their email address toĀ validateĀ their identity. If you have any questions about the validity of someone who contacts youĀ regardingĀ this position, please email the Talent Acquisition team atĀ TalentAcquisition@phil.frb.org.Ā 

We are an equal opportunity employer committed to hiring the best candidates and toĀ providingĀ equal 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.Ā 

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 areĀ requiredĀ for all new hires as a condition of employment, after the job offer is made.Ā Due to the nature of theĀ informationĀ you 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.Ā 

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.Ā 

This position requires access to confidential supervisory information and FOMC information, which is limited to ā€œProtected Individualsā€ 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 requisiteĀ timeframe. 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 accessĀ requiredĀ for 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 candidatesĀ comply withĀ all applicable information handling rules. The Policy Advisor willĀ be requiredĀ to provide work authorization to prove eligibility to work in the United States.Ā 

The above statements are intended to describe the general nature, level of work and the requirements of this position. They are not intended toĀ beĀ an exhaustive list of all responsibilities associated with this position or the personnel so classified. While this job description is intended to beĀ an accurateĀ reflection of this position, management reserves the right to revise this or any job description at its discretion at any time.Ā 

By applyingĀ toĀ this position, you agree you will be available to work on-site in a full-time capacity.Ā Ā 

Learn more about working for the Philly FedĀ hereĀ 

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Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Economics/Research Family Group

Work 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 (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.

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