Using comprehensive knowledge conducts independent applied research and produces highly specialized and complex original research reports on topics relevant to community and economic development, consumer credit and payments, economic and personal financial education, including the effectiveness of each. Works independently in area of expertise and contributes to Reserve Bank's objective of becoming a knowledge center by writing, publishing, giving speeches and talking to outside audiences, and by contributing to Reserve Bank research and financial stability projects. Published works may include collaborative efforts with other Department or Bank staff, colleagues in other Reserve Banks, policy makers or academics. Develops relationships with other researchers and practitioners in the areas of community development, consumer credit and payments, and economic and personal financial education.
Principal Duties and Responsibilities:
Conducts independent applied research and produces highly specialized and complex original research reports on community development, consumer financial products, and financial education.
Exercises a key leadership role in planning and directing the department's research agenda. Recommends, initiates, plans and executes research projects independently in area of expertise.
Serves as an expert resource for department officer and provides ongoing output of written reports and analyses for publication on department's website and in department`s discussion papers, periodic newsletters, and external sources.
Prepares and delivers speeches in area of expertise within the Bank and to external audiences, including academics, bankers, government agencies, nonprofit organizations, and congressional staff in the Third District and nationally. Uses specialized knowledge to assist the department officer, senior management, and other staff in the preparation of their speeches.
Monitors and collects complex data related to community and economic development, consumer credit and payments, economic and personal financial education, and the overall economy from a variety of sources including trade publications, web-based news sources, and computer databases. Shares subject matter expertise developed through this process with staff and the general public.
Keeps abreast of research and analysis performed throughout the Federal Reserve System and at the Federal Reserve Bank of Philadelphia.
Supports other research or project initiatives within the Reserve Bank that advance the department's mission and that of the Reserve Bank as a whole.
Develops and maintains contact with other researchers and practitioners in the areas of community and economic development, consumer finance products, and financial education as a source of information and data to support the department's research agenda.
Assists department management with selection and hiring of new research support staff. Makes recommendations for staff development and mentors support staff on research projects. Participates in performance evaluation of support staff.
Fulfills job duties and responsibilities in conformance with sound safety practices.
Performs other related duties as assigned.
Department Research Support Staff - 3 Indirect
Education and Experience:
Ph.D. in economics, finance, statistics, city planning or another quantitative social science discipline.
Minimum of 10 years of relevant research-related experience required in the area of community development and/or economics, that includes a track record of publications in rigorous economic journals. Previous experience in giving speeches and presentations on community development or related economic topics.
Knowledge and Skills:
Exceptional skills in research methodologies and analytical analysis. Thorough knowledge of and ability to independently apply economic theory and quantitative techniques. Strong knowledge of information management techniques.
Thorough grounding in economic theory, as well as economic and statistical analysis.
Strong knowledge of financial and economic data and financial institutions typically acquired through related work experience. General knowledge of banking and bank regulations.
Excellent oral and written communication skills. Ability to give oral presentations to management and other internal and external audiences.
Ability to articulate issues clearly and accurately.
Strong analytical, problem solving, and interpersonal skills. Strong leadership, organizational, and planning skills; strong ability to manage multiple projects under deadlines and build effective teams.
In-depth PC skills and knowledge of the data services subscribed to by the Department.
In-depth knowledge of PC and mainframe statistical programs, such as SAS, EViews, SPSS, and STATA, to organize data into files and to perform advanced statistical and econometric analyses. Knowledge of the Bank`s standard office software.
Strong interpersonal skills and team player in a collaborative environment.
Ability to work independently and guide department's research agenda.
Self-starter with inquisitive mindset, able to propose new ideas and set project goals.
Ability to travel both within and outside the District, including some overnight travel.
Must have a valid driver's license.
Must be able to work long hours at a personal computer.