Senior Policy Advisor

Federal Reserve System•Philadelphia, PA

1d•Onsite

About The Position

The Federal Reserve Bank of Philadelphia (the Philadelphia Fed) is one of 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., comprise the Federal Reserve System (System). Founded by Congress in 1913, the Federal Reserve System serves as the central bank of the United States. The Philadelphia Fed (3rd District) serves eastern and central Pennsylvania, southern New Jersey, and Delaware. Its mission is to formulate and implement monetary policy, supervise banks, bank holding companies, savings and loan holding companies, provide financial services to depository institutions and the federal government, and promote consumer protection and community development. The Philadelphia Fed’s Research Department (Department) plays an important role within the System and has a long-standing reputation as a thought leader, innovator and influencer of monetary policy, informed by distinguished research, insights and analysis. The Department conducts research on a wide range of economic topics (macroeconomics, labor, finance, banking, and regional), produces analysis used in regional and national policy discussions, and conducts surveys to get timely pulse readings of the economy, including the Manufacturing Business Outlook Survey and the Survey of Professional Forecasters (which is the oldest quarterly survey of macroeconomic forecasts in the United States). It serves as a System leader in data analytics and governance and high‑performance computing. The Consumer Finance Institute (CFI), an innovative and unique cross-disciplinary team, sits within the Department polio and analyzes how people earn, spend, save, and invest, as well as how credit markets and payment systems affect the economy. Financial Statistics, which gathers and disseminates information from financial institutions, is also part of the Department portfolio. . The Senior Policy Advisor serves as an economic advisor to the President and Chief Executive Officer (Bank President) of the Philadelphia Fed. The Advisor will be part of the Research Department leadership with a primary responsibility to create and refine the process to deliver timely and relevant analysis and insights on economic and financial developments for the Bank President in their role as a member of the Federal Open Market Committee (FOMC). They will drive economic policy discussions that meet the needs of the Bank President and Bank economists by identifying critical topics, matching topics to experts from across the Bank, mentoring team members and providing feedback on memos and briefings, convening experts, and facilitating briefings. As a member of the department leadership team, the Advisor works collaboratively to manage multiple deliverables under evolving priorities. In addition, the Advisor may prepare presentations and updates for senior leadership and the Bank’s Board of Directors. To succeed in this role, the ideal candidate must have exceptional analytical and critical-thinking capabilities, with the ability to assimilate new information, interpret complex economic and financial developments and research, and produce rigorous, high‑quality analysis. They must demonstrate expertise in monetary policy and economics—supported by advanced theoretical and quantitative skills—and be recognized for their professional contributions. They must be able to deliver constructive feedback and work effectively with colleagues with a range of expertise. Strong communication skills, both written and oral, are essential for effectively briefing senior leadership, crafting clear perspectives on monetary policy, and engaging with stakeholders across the Federal Reserve System. The candidate must also be adept at building relationships, convening subject‑matter experts, facilitating policy discussions, and driving consensus. Success in the role further requires excellent organizational skills to manage evolving priorities, lead multiple complex projects, and consistently deliver timely, high‑quality outputs in support of the Bank President and the Research Department. The salary range for this position is: $249,500 - $383,900. Final salary and offer will be determined by the applicant's background, experience and skills, as well as internal equity and alignment with market data.

Requirements

PhD and a minimum of 7 years of demonstrated experience within the field of monetary policy, economics, or finance.
Extensive experience in economic research and policy analysis, through publications and engagements.
Familiarity with relevant economic institutions and available data sources.
Strong written and verbal communication skills.
Strong analytical and critical thinking, including ability to assimilate complex information.
Demonstrated expertise in advanced theoretical and quantitative economic/financial methods.
Ability to build consensus with diverse stakeholders.
Strong organizational skills to manage evolving priorities and tight deadlines.
Maintain a full-time onsite presence at the Philadelphia Fed.
Willingness to travel as needed.
Be in full compliance and adhere to all restrictions on standalone investments, including retirement accounts from private employers.
Divest any investments that are deemed impermissible.
Advise if they own any cryptocurrencies
The Policy Advisor will be required to provide work authorization to prove eligibility to work in the United States.
By applying for this position, you agree you will be available to work on-site in a full-time capacity.

Responsibilities

Identify, convene, and facilitate policy discussions across multiple disciplines of internal and external experts. This includes assuming a lead role in designing and contributing to the process for preparing for FOMC meetings that meet the needs of the Bank President.
Support the Bank President’s speech development and related briefing materials.
Lead advanced research and policy projects on monetary, financial, and economic topics.
Mentor and support the development of colleagues through coaching and providing actionable feedback to strengthen policy analysis and briefing skills, and to realize synergies between research and policy.
Brief the Bank’s Board of Directors on monetary, financial, and regional economic issues.
Engage regularly with Federal Reserve System counterparts to stay current on policy issues.
Contribute to or produce research papers; review others’ work.
Engage in public educational or speaking activities on behalf of the Bank.
Build relationships with colleagues that result in positive outcomes.
Lead multiple projects simultaneously, delivering high quality results under shifting priorities.