Company

　　Federal Reserve Bank of Boston

　　Vice President and Economist, Research Division

　　Vice President and Economist, Research Division

　　ABOUT THE FEDERAL RESERVE BANK OF BOSTON

　　The Federal Reserve System (System) was founded by Congress in 1913 and serves as the central bank of the United States. Its fundamental mission is to foster the stability, integrity, and efficiency of the nation’s monetary, financial, and payment systems to promote optimal economic performance.

　　As part of the nation’s central bank, the Boston Reserve Bank promotes sound growth and financial stability in New England (Connecticut – except Fairfield County, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont) and the nation. The Bank's unique contributions to its local communities, region, and the nation are founded on high-quality research and bank supervisory activities, excellence in supporting financial services and financial markets stability, leadership in payments innovation, and a commitment to supporting economic well-being in communities. The Bank holds several key System roles, including leading the Financial Support Office, which manages the System budget. The Bank also develops and leads innovative payments programs and played a central leadership role in the Federal Reserve’s crisis responses both during the Great Financial Crisis (2008) and global pandemic (2020). The Bank is a thought leader and innovator in numerous areas. Among its most critical responsibilities:

　　Conducting leading-edge research and education on monetary policy, financial markets and stability, and important regional and national economic concerns.

　　Providing financial stability expertise through a deep knowledge of money markets and the institutions key to those markets.

　　Conducting dynamic, comprehensive bank supervision through on-site examination and by monitoring banking conditions, practices, and emerging issues.

　　Providing efficient, high-quality payments services for depository institutions.

　　Transforming the nation’s payments system by leading the development of the FedNowSM Service (“FedNow”), a real-time gross payments settlement system.

　　Pursuing cooperative endeavors with business, community, and government leaders to address key local and regional economic issues, often with a focus on community development and economic opportunity.

　　Supporting and improving economic outcomes for the broader community, particularly low- and moderate-income individuals. This commitment is reflected in our research on race and its link to economic well-being, our Working Places community development programs, and our initiative to improve the quality of low-wage jobs.

　　Building institutional expertise and flexibility by identifying, engaging, and developing a highly trained and diverse staff.

　　Providing leadership to System initiatives and interacting with other regulatory bodies and central banks.

　　The Bank is a business leader in Greater Boston and throughout the First District. We serve as an important business community advisor in areas of economic and workforce development. Our President and Bank leaders are engaged with numerous organizations that support the First District community, including professional associations and academic boards.

　　The Bank’s approximately 1,300 employees are based mostly in the First District, and they take great pride in working for an organization whose mission is to promote sound economic growth, financial stability in the New England area and the United States. We are proud of our strong organizational culture, which is built on our four core values: integrity, leadership, diversity and inclusion, and innovation.

　　ABOUT THE POSITION

　　The Federal Reserve Bank of Boston Research Division supports the Bank President and Board of Directors in fulfilling their policy obligations through policy analysis and briefings. The Department staff conducts scholarly research to enrich our understanding of the regional, national, and international economic and financial developments and to contribute to the set of analytic tools and perspectives that inform our forecasts, policy analysis, and briefings to policymakers. We encourage and engage in academic discussions and debate by hosting and presenting research at conferences, seminars, and workshops, and FRS System meetings. As part of the Bank’s public outreach campaign, we also present our policy-related research to business groups, government entities, nonprofits, and school groups.

　　The vice president of the newly created International Macroeconomics section will lead a team of economists and research assistants whose areas of focus include international macroeconomics, international trade, global finance, financial institutions, and markets, and related fields of interest. The vice president will oversee the section’s scholarly research and policy analysis, foster employee engagement and development, and will report to the director of research. As a member of the department’s leadership team, the vice president will assist the director in the development and execution of the department’s strategic priorities and objectives and will help advance the Bank’s mission through economic and monetary policy expertise, collaborative thought leadership, and path-breaking academic and policy contributions. All Bank officers are expected to help drive and support the Bank’s mission, strategy, and culture through active engagement in key dialogues, demonstrating intentional and inclusive leadership, and volunteering for Bank activities to serve as a role model for our employees and the communities we serve.

　　SCOPE

　　The scope of the role includes, but is not limited to:

　　Provide strategic direction, leadership, and development of professionals at the individual contributor through senior professional staff levels.

　　Participate in monetary policy FOMC preparations.

　　Support and advise the Director of Research on economic policy and department strategy.

　　Contribute to the formulation of department strategic goals and initiatives.

　　Conduct high-quality academic research in area of expertise.

　　Work collaboratively with other members of the department leadership team to foster innovation and creativity within the department and to maintain an engaging and collegial culture.

　　Represent the Research Department and Bank before policy, business, academic, and community groups.

　　EXPECTATIONS & REQUIREMENTS

　　A Ph.D. in economics or related field is required, along with substantial experience in people management and leadership.

　　Capacity to successfully lead and develop a team of Ph.D. economists and research assistants.

　　Excellent publication record in major peer-reviewed journals.

　　Strong commitment to public service.

　　Excellent communication skills, including the ability to communicate complex economic concepts to members of the public through various channels.

　　LEADERSHIP CAPABILITIES

　　Champion an inclusive environment to lead the System’s Diversity, Equity, and Inclusion goals.

　　Lead with a strategic, action-oriented mindset focused on performance, accountability, and outcomes.

　　Drive results that are beneficial to System and local efforts (demands).

　　Be a role model and serve as an active talent champion, coach, mentor, and connector.

　　Engage in intellectual curiosity, agility, and experimentation to drive innovation.

　　Build trust and serve as a helpful and contributing colleague.

　　Embrace and demonstrate a growth mindset including the new principles and practices as the future of work evolves.

　　OTHER REQUIREMENTS

　　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.

　　Residency in the First District within commuting distance of the office.

　　Willingness to travel, both domestically and internationally.

　　Work is performed in an office environment and requires the ability to operate standard office equipment and keyboards. At times, officers may be required to work evenings and/or over the weekend.

　　The Federal Reserve Bank of Boston is committed to a diverse and inclusive workplace and to provide equal employment opportunities to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, or military service.

　　All employees assigned to this position will be subject to FBI fingerprint/ criminal background and Patriot Act/ Office of Foreign Assets Control (OFAC) watch lists at least once every five years.

　　The above statements are intended to describe the general nature and level of work required of this position. They are not intended to be an exhaustive list of all duties, responsibilities, or skills associated with this position or the personnel so classified. While this job description is intended to be an accurate reflection of this position, management reserves the right to revise this or any job description at its discretion at any time.

　　ETHICS CONIDERATIONS & PROHIBITED ACTIVITIES

　　It is indispensable to the proper functioning of, and the maintenance of public confidence in, the Federal Reserve, for the Bank and the System to function properly and maintain high public confidence. It is essential for every employee to perform their duties with honesty, integrity, and impartiality, without improper preferential treatment of any person or organization. Bank employees are subject to federal criminal statutes that prohibit financial conflicts of interest (e.g., an employee cannot work on any matter in which they or certain employee-affiliated parties have a financial interest). In addition, the Bank’s code of conduct generally prohibits activities such as:

　　Outside activities that are inconsistent with the employee’s duties and responsibilities, e.g., holding a position as a director of a publicly traded company.

　　Certain partisan political activities, such as fundraising or holding partisan elected office.

　　The Vice President is subject to stringent investment and trading rules detailed in the Federal Reserve Board’s Investment and Trading Policy for FOMC Officials. Federal Open Market Committee—Investment and Trading Policy for FOMC Officials (federalreserve.gov) (https://www.federalreserve.gov/monetarypolicy/files/FOMC_InvestmentPolicy.pdf)

　　Full Time / Part Time

　　Full time

　　Regular / Temporary

　　Regular

　　Job Exempt (Yes / No)

　　Yes

　　Job Category

　　Executive

　　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.

　　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.