Policy Analyst/Policy Analyst Senior at Federal Reserve Bank (FRB) in Cleveland, Ohio

Job Description:

Company

Federal Reserve Bank of Cleveland

The Federal Reserve Bank of Cleveland is part of the nation’s central bank, and we’ve provided many opportunities for professional growth during our history.

For twenty-five years in a row, we’ve been named “One of Northeast Ohio’s Best Places to Work” by North Coast 99. This prestigious award honors organizations with outstanding employment practices, including compensation, benefits, training, recruitment, retention, community services, and employee communications.

Our People Make the Difference! The Federal Reserve Bank of Cleveland is seeking innovative thinkers with vision to build the framework that will carry the Bank into the future.

Follow us on LinkedIn, X, Instagram, and our YouTube channel – Cleveland Fed

Conducts complex, directed research and data analysis (e.g., survey research, policy analysis) that contributes to internal memos, briefings, external-facing publications, policy analysis, presentations, and/or outreach. Works with and/or manages large and complex data sets, performs statistical and econometric analyses, and develops an understanding of critical policy issues to inform the Bank and the System.

Essential Accountabilities

• Collects, analyzes, and interprets data from both primary and secondary data sources. Works with large and complex data sets for use in statistical analysis or econometrics. Ensures accuracy, consistency, and comparability of data. May produce and maintain survey-related datasets and associated documentation.


• Identifies, designs, and conducts complex research and policy analysis with some guidance.


• Identifies, analyzes, and develops understanding of critical policy issues to inform the Bank and FRS system.


• Informs and educates internal and external stakeholders through internal memos, briefings, external-facing publications, and presentations to community stakeholders.


• Provides guidance to less experienced analysts on databases, methodology, and other systems Community Development may use to analyze quantitative and qualitative data.


• Performs other duties as assigned or requested.

Education and Experience

• 
  Analyst: Bachelor’s degree and 3 years of related work experience OR Master’s degree and 0-1 year of related work experience


• 
  Senior: Bachelor’s degree and 5 years of related work experience OR Master’s degree and 3 years of related work experience


• Degree in public policy, urban studies, economics, political science, or related field preferred

Knowledge and Skill Areas – Intermediate - Advanced Level

• Ability to perform in-depth directed research and analysis


• Knowledge of regulations, procedure, and practices of a specific discipline


• Specialized, technical skills


• Analytical skills


• Written and verbal communication

Physical Demands and General Working Conditions            

This is not necessarily an exhaustive list of all responsibilities, duties, performance standards or requirements, efforts, skills or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, the Federal Reserve Bank of Cleveland reserves the right to revise this or any job description at any time. 

Reasonable Accommodation Statement - The Federal Reserve Bank of Cleveland is committed to ensuring that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, perform essential job functions, and receive other benefits and privileges of employment. To request a reasonable accommodation for any part of the employment process, please send an email to clev.4d.benefits.specialist@clev.frb.org.

Bank’s Ethics Rules and Drug Testing:

As a condition of employment, Federal Reserve Bank of Cleveland employees must comply with the Bank’s ethics rules which generally prohibit employees, their spouses/domestic partners, and minor children from owning or controlling, directly or indirectly, any debt or equity interest in a depository institution or an affiliate of a depository institution. A "depository institution" means a bank, a trust company, or any institution that accepts deposits, including a bank chartered under the laws of a foreign country. In addition, employees (and their spouses/domestic partners, and minor children) may not own shares of mutual funds, unit investment trusts or ETFs that have a policy, as stated in the prospectus, of concentrating in the financial services industry and that have underlying investments in banks or other depository institutions.  If you or your spouse/domestic partner or minor child own such securities and would not be willing or able to divest them if you accepted an offer of Bank employment, you should raise this issue with the recruiter for this posting.

In addition, as a condition of employment, candidates must undergo a background check and will be tested for all controlled substances prohibited by federal law, to include marijuana, prior to hire and for certain safety sensitive positions during employment.  

Always verify and apply to jobs on Federal Reserve System Careers or through verified Federal Reserve Bank social media channels

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Economic Policy

Work Shift

First (United States of America)

The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. 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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