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.

What We Do:

The Research Department conducts research and engages in economic outreach to support policymaking and thought leadership on issues important to the Federal Reserve and the Fifth District. This covers a number of areas, including economic research, community development, publications, regional analysis and surveys, and economic outreach. Direct input to policymakers is provided by memorandum and briefings addressing current policy issues for the Bank president, the Board of Directors, and others in the Bank and the System. We also inform the public through our data and national and regional economic analysis, publications, presentations and educational resources.

About the Opportunity:

The Group Vice President (GVP) of Outreach, Analysis and Community Development, reporting to the Executive Vice President (EVP) & Director of Research, provides strategic leadership and direction for outreach and regional economic analysis and research communications in the Research Department, which includes oversight of the following Research Department functions: regional economics and outreach, community development, publications, and economic education.

The GVP briefs and counsels the Director of Research and senior management on division strategies to shape and achieve department goals and mission. They collaborate with Bank leadership to strengthen economic content in Bank communications, actively shape bank-wide direction through strategic planning and officer meetings and participate in briefings that serve as preparation for the president’s participation in the Federal Open Market Committee (FOMC).

What You Will Do:

• Inspire, support, and develop a team that is agile and responsive to change, can conceptualize the Bank’s needs and has the skills to manage and achieve desired results in a highly dynamic environment, while maintaining the highest standards of excellence.

• Support the Director of Research and senior management on the development of division strategies to achieve and maintain bank and department goals and mission, ensuring connectivity between strategic external engagement, department initiatives and Bank high priority objectives.

• Independently anticipate economic and regional issues of concern to the Bank and the System. Advance the understanding of policy-relevant research and oversee Research Department communications including education and outreach efforts and all Research Department publications.

• Oversee economic analysis and content for the Bank's publications and public website as needed, contribute to speeches for senior management and address community groups on general economic issues.

• Directly and indirectly lead the development of department staff, including performance management and professional coaching. Ensure continuous learning and sharing of ideas with staff. Foster culture of open deliberation, creativity, innovation, thought leadership, and continuous improvement.

• Present analysis to various audiences within the organization and at professional conferences and seminars.

• Collaborate with other Bank functions and external partners on key initiatives, research, and programs; develop and maintain relationships with a diverse set of business and organizational contacts across Fifth District financial institutions, nonprofits, government, and other relevant organizations to support District planning, programming, and special initiatives.

Qualifications:

• A graduate degree in economics or a related field.

• A minimum of eight (8) years of demonstrated experience in economic analysis, research, and the management of a work unit of economic-related professionals or economists, mid-level executives, and support staff.

• A minimum of five (5) years of experience in a leadership capacity strongly preferred.

• Comprehensive knowledge and understanding of economic conditions, the Federal Reserve System, monetary policy, banking regulations, and financial markets.

Other Requirements and Considerations:

• Candidates should review the Bank’s Employee Code of Conduct (https://www.richmondfed.org/-/media/richmondfedorg/about_us/careers/pdf/code_of_conduct.pdf?WT.si_n=Search&WT.si_x=3) 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.recruitment@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.).

• This position requires access to confidential supervisory information and/or 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 requisite timeframe. Candidates who are not U.S. citizens or U.S. permanent residents may be eligible for the information access required for this position and sponsorship for a work visa, and subsequently for permanent residence, if they sign a declaration of intent to become a U.S. citizen and meet other eligibility requirements.

• In addition, all candidates must undergo an enhanced background check and comply with all applicable information handling rules, and all non-U.S. citizens must sign a declaration of intent to become a U.S. citizen and pursue a path to citizenship.

• Under Conflict-of-Interest guidelines administered by the Board of Governors of the Federal Reserve System, examining personnel may not participate on an examination of a financial institution or affiliate if the examiner was employed by the financial institution or affiliate within the past 12 months.

• Please review Bank’s Employee Code of Conduct (https://www.richmondfed.org/-/media/richmondfedorg/about_us/careers/pdf/code_of_conduct.pdf?WT.si_n=Search&WT.si_x=3) to ensure there are no major issues related to your previous employment and current financial interests (relevant sections are 5.3 and Appendix B, Parts I, II and III). FRB ethics rules generally prohibit employees and their immediate families from owning investments in banks, savings associations, or their holding companies (Section 5.3). Additionally, employees engaged in Supervision and Regulation may be subject to borrowing and deposit restrictions. These employees may need to recuse themselves from certain supervisory work based on:

• Their borrowing relationships (Appendix B Parts I.1, II.1 and II.2)

• If a financial institution employs a member of the employee’s immediate family (i.e. spouse, child, parent, or sibling) (Appendix B Part I.3 and Part II.3)

• If the individual was employed by the financial institution or affiliate within the past 12 months (Appendix B Part I.3 and II.3).

• In certain cases, the recusal may be so extensive it could materially reduce the effectiveness of the prospective employee’s job responsibilities.

• The hiring range of the Group Vice President is $230,000– $285,000 annually.

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

• Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS?hiringCompany=7186c32a743f011afe26afcaaf01190c) 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

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.

Privacy Notice (https://www.kansascityfed.org/documents/7797/Workday_Privacy_Notice.pdf)

OUR BANK has one of the most recognizable brands around the world. The Federal Reserve is the central bank of the United States—one of the world's most influential, trusted and prestigious financial organizations. The Federal Reserve is charged with the important mission of promoting a strong economy and a stable financial system and fulfills this responsibility by formulating national monetary policy, supervising and regulating banks and bank holding companies, and providing financial services for banks and the U.S. government.

OUR PEOPLE are diverse in background and ideas, which allows for ongoing creativity and innovation. Ultimately, they are the ones who push our high-performance, exchange-driven culture forward.

Why Our People Choose Us:

Our reputation precedes us

There will always be room for personal growth

Our people are first

You’ll find the right balance

Your responsibilities will be meaningful

We hope that you will be our future colleague.

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.