Policy Advisor/Senior Policy Advisor 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.

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The Federal Reserve Bank of Cleveland serves the Fourth Federal Reserve District, which comprises Ohio, western Pennsylvania, eastern Kentucky, and the northern panhandle of West Virginia. It is one of 12 regional Reserve Banks that, together with the Board of Governors in Washington DC, make up the Federal Reserve System, the central bank of the United States.

Our mission is to foster the stability, integrity, and efficiency of the nation’s monetary, financial, and payments systems to promote optimal economic performance across the country and within the Fourth District.

The Federal Reserve Bank of Cleveland is seeking a policy advisor in the Cleveland office. The successful candidate will serve as a senior official and regional economist in the Cleveland area. Responsibilities include gathering and analyzing economic information and managing relationships with business and community contacts in the region. This leadership role reports to the group vice president overseeing the regional analysis unit in the research department.

Essential Accountabilities

Outreach & Engagement

• Develop relationships with a broad network of stakeholders in Cleveland and surrounding areas in support of the Bank’s monetary policy responsibilities, including, but not limited to, leaders in the following sectors:
  
  
  • Prominent local businesses and banks
  
  
  • Chambers of commerce and regional economic development organizations
  
  
  • Educational institutions
  
  
  • Public officials and policymakers
  
  
  
  


• Speak to regional audiences on national and regional economic conditions, highlighting relevant research from the Bank or other entities.


• Maintain knowledge of the Bank’s strategic priorities and policy views, communicating them, as appropriate, to external entities. 


• Manage the Bank’s relationship with the business advisory councils in Northern Ohio.
  
  
  • Recruit business and community leaders to serve as directors and advisory council members.
  
  
  • Plan and oversee these meetings, working with colleagues in the Research department and in the Office of the Corporate Secretary. 
  
  
  • Summarize the discussions at these meetings to inform internal stakeholders.
  
  
  
  

Research and Policy

• Engage in economic analysis and discussions that are used to advise and inform the Bank’s president and boards of directors.


• Participate in periodic briefings that support the Bank president’s role on the Federal Open Market Committee.


• Assist in the production of Beige Book, including in recruiting participants to participate in the associated survey.


• Author articles for the Bank’s publications and website.

Education and Experience

• Bachelor’s degree required; Master’s degree or doctorate in economics or a related field, such as business or public policy preferred.


• Experience analyzing economic information using statistical methods and communicating that analysis, orally and in writing, to internal and external audiences.


• Demonstrated ability to develop productive and collaborative relationships internally with other managers and externally with business and community contacts.


• A minimum of 7+ years of work experience in economics or a related field is preferred.


• Excellent written and oral communication skills that allow complex ideas to be presented at a level accessible to a general audience.


• High level of motivation and organizational agility.


• Experience working with economic and community constituencies is desirable.

To Apply:

Please include the following in PDF file format: (1) a current CV, (2) cover letter and (3) a sample of recent economic analysis.

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

Executive Family Group

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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