Economic Outreach Associate - #337410

Federal Reserve Bank of New York


Date: 07/22/2021 13:00 PM

City: Tinicum Township, Pennsylvania

Contract type: Full Time

Work schedule: Full Day

Company

Federal Reserve Bank of Philadelphia

Identifies, collects, and maintains databases required to support economic outlook presentations. Recommends, initiates, plans and executes research projects to support the senior outreach economist and expand the capacity of the Bank to speak meaningfully to its constituencies




Delivers presentations on the national economy, the regional economy, and Fed policy to District constituencies and internal audiences approved by the Speakers Bureau




This position will support the Public Programs activity 100% of the time

The Federal Reserve Bank of Philadelphia is one of the 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System. It helps formulate and implement monetary policy, supervises banks and bank and savings and loan holding companies, and provides financial services to depository institutions and the federal government. The Federal Reserve Bank of Philadelphia serves eastern and central Pennsylvania, southern New Jersey, and Delaware. The Federal Reserve Bank of Philadelphia is one of the 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System. It helps formulate and implement monetary policy, supervises banks and bank and savings and loan holding companies, and provides financial services to depository institutions and the federal government. The Federal Reserve Bank of Philadelphia serves eastern and central Pennsylvania, southern New Jersey, and Delaware

Identifies, collects, and analyzes complex economic and financial data required to support economic outlook presentations. Working with colleagues in Economic Research, Community Development and Regional Outreach, Supervision, Regulation and Credit, and other areas of the Bank, conducts in-depth analyses of economic and financial conditions, trends, and issues relevant to the District

Produces, documents, and maintains chart package of economic indicators for external and internal speeches and presentations

Writes computer programs in R, visual basic, SAS, SQL and other similar software to support, expand and improve data analysis

Performs statistical and econometric analysis on personal computers and other platforms using standard statistical software such as R or Stata

Recommends, initiates, plans, and executes research projects under the guidance of the senior outreach economist and other Bank staff that expand the capacity of the Bank to speak meaningfully to its constituencies and to support the strategy of the Director of Research and the SVP of Corporate Affairs

May be asked to support projects and initiatives conducted by the Regional and Microeconomics section, as appropriate. Examples may include but are not limited to, conducting surveys to collect data, analyzing data, drafting reports, and providing presentations on the findings

Reviews and summarizes literature on economic, financial, and research topics

Manages data sources, such as Haver, providing updates on data definitions, revisions, and availability

Writes economic analysis for speeches and Bank publications, including providing html or pdf files for inclusion on Bank's external website

Delivers presentations on the national economy, the regional economy, and Fed policy to business, professional, civic, and other appropriate organizations in the District as well as internal audiences approved by the Speakers` Bureau

Shares expertise and analysis with general public through media outlets approved by the Director of Research and the SVP of Corporate Affairs by writing articles and giving interviews

Prepares briefing materials for senior management on general regional economic conditions. May be asked to participate and present in executive briefing sessions

Keeps abreast of research and analysis performed throughout the Federal Reserve System and at the Bank. Also, keeps abreast of relevant developments in the disciplines of economics, finance, and statistics

Participates in the activities of District chambers of commerce and other business and professional associations

Performs other related duties as assigned

Fulfills job duties and responsibilities in conformance with sound safety practices

Qualifications :

Education and Experience :

Bachelor's or Master's degree in economics, finance, or public policy and specialized knowledge in these fields gained from advanced study or several years' experience. Master's degree in economics, finance, statistics, or public policy strongly preferred

Potential Career Path:

In addition to various opportunities outside of the team, a successful Economic Outreach Associate may be considered for a promotion to the following positions: Sr Economic Outreach Associate, Outreach Economist, and Sr Outreach Economist

Knowledge and Skills :

Excellent oral and written communication skills

Strong presentation skills

Ability to articulate issues clearly and accurately

Thorough knowledge of and ability to apply economic theory and quantitative techniques in research projects

In-depth knowledge of PC and mainframe statistical programs, such as R, visual basic, SQL, and Eviews/Stata, to organize data into files and to perform advanced statistical and econometric analyses

Comprehensive knowledge of economic data and its sources, such as Haver, so that relevant data can be selected for research projects and for speeches and presentation visuals

Strong interpersonal skills, capable of interacting effectively with economics and finance professionals inside and outside the Federal Reserve System

Strong analytical and problem solving skills

Ability to work independently on reports, projects, and publications

Other Requirements :

Ability to travel approximately 25% of the time; less than 5% of travel is overnight

Valid Drivers License

Background investigations including drug testing are required for all new hires as a condition of employment, after the job offer is made. Employment may not begin until the Bank accepts the results of the background investigation

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 permanent residents must sign a declaration of intent to become a U.S. citizen when eligible to do so and pursue a path to citizenship. Candidates who are not U.S. citizens or U.S. permanent residents may be eligible for the information access required for this position if they sign a declaration of intent to become a permanent resident and a U.S. citizen and meet other eligibility requirements. In addition, all candidates must undergo an applicable background check and comply with all applicable information handling rules

Our benefit plans are designed to be the best fit for you at every stage of your career!

Excellent health, prescription, dental and vision coverage

Savings Thrift Plan (401K) with a 100% match up to 6% and a pension plan

Paid vacation / sick time / paid holidays and a flexible work environment

Numerous Employee Resource Groups to help you thrive and grow at the Fed in a diverse and inclusive environment

Healthy lifestyle assistance through an on-site fitness center, subsidized cafeteria with healthy food options, and health and wellness programs

Monthly public transportation allowance

Numerous internal development programs plus annual tuition reimbursement programs

Free credit protection, financial planning, and flexible spending accounts or health savings accounts and much more!

Physical Requirements :

Must be able to sit and work at the personal computer for extended periods of time

Ability to lift and carry materials and/or equipment required for delivering presentations to public audiences

The Federal Reserve Bank of Philadelphia believes that diversity and inclusion among our employees is essential to our success as an organization, and we want to recruit, develop and retain the most accomplished people from a diverse candidate pool. To support a workplace culture of belonging, we offer seven employee resource groups (ERGs) and a 100 percent rating on the Human Rights Campaign (HRC) Corporate Equality Index. The Federal Reserve Bank of Philadelphia is proud to be an equal opportunity workplace

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Economics/Research

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

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