Intermediate Regional Economist at Federal Reserve Bank (FRB) in Baltimore, Maryland

Job Description:

Company

Federal Reserve Bank of Richmond

When you join the Federal Reserve—the nation's central bank—you’ll play a key role, collaborating with a dynamic and diverse team of mission-driven professionals to strengthen and protect our economy and our communities.

Bring your passion and expertise, and we’ll provide the opportunities that will challenge you and propel your growth—along with a wide range of benefits and perks that support your health, wealth, and life. In addition to competitive compensation, we offer a comprehensive benefits package that includes tuition assistance, generous paid time off, top-notch health care benefits, child and family care leave, professional development opportunities, a 401(k) match, pension, and more. All brought together in a flexible work environment where you can truly find balance.

About the Opportunity

The Federal Reserve Bank of Richmond, Research Department has an immediate opening for a Regional Economist, reporting to the Vice President Regional & Community Analysis.

In this role, the successful candidate supports the Bank's regional and community in Maryland and West Virginia through a number of activities that include economic updates and topical presentations to internal and external audiences, The candidate will lead Bank strategic initiatives related to economic and community development topics in rural areas, such as workforce development, community development finance, and issues unique to rural areas or small towns. The candidate must monitor and analyze economic conditions in Maryland and West Virginia, develop tools and methods to track economic developments, provide briefings to the Bank President and other executives, and maintain contacts in academic and business communities. Business outreach will include gathering information from contacts to support the regional outreach program. The candidate will also engage with the media. The position will be based in Baltimore, MD or work remotely from West Virginia. Travel requirements will depend on location.  

With an application, candidates are required to submit 3 documents:

Resume (CV), Cover letter stating why you are a good match to the job, how you got interested in regional research, and how the role will fit into your career path, and A recent example of your ability to write clearly and concisely about an economic topic.

Cover letter and other required documents should be uploaded as attachments to your electronic submission.

What You Will Do:

• Support the Bank's regional outreach by giving presentations to internal and external audiences on economic conditions and policy topics particularly centered on West Virginia or rural areas.


• Monitor and analyze regional economic and community conditions, particularly in West Virginia. Develop tools and methods to identify and track changes in economic and community conditions.


• Contribute economic analysis and commentary content to Bank's website.


• Develop and maintain contacts in academic and business communities. Gather information on business conditions from contacts in a timely manner.


• Communicate with the media, when necessary.

Qualifications:

• 3 – 5 or more years of relevant work experience.


• Graduate degree in Economics or related field (masters or PhD) required.


• Experience working in and with rural/small town areas, either as an academic or as a practitioner


• The strongest candidates will have experience and business contacts in West Virginia

• Demonstrated desire to conduct outreach to a wide variety of audiences. 


• A comprehensive knowledge of U.S. and regional economic conditions and a commitment to keep abreast of emerging trends or changes—both within and outside of rural areas.


• Demonstrated desire to engage strategically with the public on economic and policy topics translate economic information into reports and presentations.


• Outstanding attention to detail, organizational skills, and proficiency in time management to handle multiple assignments simultaneously and to meet schedule deadlines. 


• Excellent communication and writing skills.  


• Knowledge of and experience with Microsoft software.


• Knowledge of and experience with statistical software, such as Stata, strongly preferred

Discover the Reason Why So Many People Love It Here!

When you join the Richmond Fed, not only will you find a challenging and purposeful career, you’ll also have access to a wide range of benefits and perks that support your health and wealth, including:

• Great medical benefits


• Pension and 401(k) with employer match


• Generous paid time off


• Tuition reimbursement


• Employee resource networks


• Paid volunteer leave


• Flexible work options


• Onsite amenities that make working here fun

Other Requirements and Considerations:

• Candidates should review the Bank’s Employee Code of Conduct to ensure compliance with conflict of interest rules and personal investment restrictions.


• If you need assistance or an accommodation due to a disability, please notify rich.recruit@rich.frb.org
  


• Employees who work at and/or visit another Federal Reserve entity or outside business as part of their job duties are required to comply with any onsite safety and health protocols of those organizations (including, but not limited to, requirements to vaccinate or test, mask, social distance, etc.).


• Sponsorship is not available for this role. Selected candidate is subject to special background check procedures.


• The hiring range of the Regional Economist is $122,600 – $168,520 annually.


• Salary offered will be based on the job responsibilities and the individual’s knowledge, skills, and experience as defined in the job qualifications.


• The Fifth District provides a hybrid work environment. This position is required to be onsite on Tuesday, Wednesday, and Thursday each week.


• Interested candidates are strongly encouraged to apply by November 15, 2024. Applications are reviewed on a rolling basis. 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

Economics/Research 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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