Senior Vice President & Director, Real Time Data Research Center

Federal Reserve System•Philadelphia, PA

17d•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 portfolio 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 Real Time Data Research Center is a source of knowledge and expertise about real-time macroeconomic data, surveys of macroeconomic forecasts, and macroeconomic modeling. Housed within the Philadelphia Fed’s Research Department, the Center produces macroeconometric analyses and collects and maintains a variety of data sets of value to macroeconomists and monetary policymakers. Our mission is to be the global source of economic research around real-time data, macroeconomic forecast surveys, and macroeconomic modeling, providing valuable insights to be drawn from that research for monetary policymaking. Learn more about the purposes and functions of the Real Time Data Research Center here. The Senior Vice President (SVP) & Director of the Real Time Data Research Center leads the Center’s full portfolio of activities. This includes macroeconomic surveys, data collection, forecasting, workshops, and conferences. The SVP sets strategic vision, provides guidance and development to the Center’s staff, ensures the integrity and visibility of its products, and strengthens partnerships with academic and central bank researchers. As a member of the Research Department’s Leadership Team, the SVP will advance department initiatives and contribute to its positive culture. Running a division within the Research Department, the SVP is central to advancing the mission of the Center, providing strong leadership as well as developing its talent. To succeed in this role, the ideal candidate must demonstrate exceptional executive‑level leadership and possess a strong understanding of macroeconomic research, real‑time data, and advanced econometric techniques. They must be able to set and execute a vision for a complex portfolio of real time data, leveraging advanced models; oversee high‑visibility macroeconomic surveys, and data collection efforts; and ensure the accuracy, integrity, and relevance of the Center’s economic products. Success requires strong analytical judgment, the ability to guide sophisticated data-gathering and analysis efforts, and the capacity to communicate insights clearly to senior leaders, policymakers and external stakeholders. The candidate must build effective relationships, collaborate with fellow leaders, promote the Center’s work internally and externally, and provide thoughtful guidance and coaching to staff while managing evolving priorities and delivering results under tight deadlines. 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 in economics, finance, or related field.
Minimum of 10 years of demonstrated experience within the field of economics, finance or related fields, including strong track record of publishing in leading journals.
Demonstrated people and project leadership.
Strong analytical and critical thinking, including ability to assimilate complex information, understand complex topics, and integrate data with policy concepts.
Demonstrated expertise in advanced quantitative economic/financial methods.
Experience in developing high-performing teams, with an emphasis on coaching and mentorship.
Exceptional interpersonal skills including written and verbal communication skills.
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.
Employees of the Philadelphia Fed are held to the highest standards of integrity, impartiality, and public trust.
To maintain confidence in the Federal Reserve System, all employees must comply with federal statutes prohibiting financial conflicts of interest, and senior officials are subject to additional restrictions.
The ROLE is subject to Sections III and IV of the Federal Reserve Board’s Investment and Trading Policy for FOMC Officials.
Specifically, the ROLE should not hold derivatives tied to short-term interest rates; own or control, directly or indirectly, any debt or equity interest in a primary government securities dealer or any of its affiliate; or place bets on FOMC actions.
Hold investments for at least 45 days.
Refrain from trading during FOMC blackout periods or periods of financial market stress.
Disclose financial transactions.
These restrictions also apply to the ROLE’s spouse and dependent children.
In addition, the Bank’s Code of Conduct prohibits outside activities that conflict with official duties (e.g., serving as a director of a public company) and certain partisan political activities.
Candidates should review the following to ensure compliance: Federal Reserve Bank Philadelphia Code of Conduct https://www.federalreserve.gov/monetarypolicy/files/FOMC_InvestmentPolicy.pdf https://www.federalreserve.gov/aboutthefed/faqs-fomc-officials-investment-trading-policy.htm
Background investigations and drug testing are required for all new hires as a condition of employment, after the job offer is made.
Due to the nature of the information you will have access to, we require that you also complete a more in-depth enhanced background screening.
Employment may not begin until the Bank accepts the results of the background investigation.
All employees will be subject to FBI fingerprint / criminal background and Patriot Act/ Office of Foreign Assets Control (OFAC) watch list checks at least once every five years.
This position requires access to confidential supervisory information and 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 comply with all applicable information handling rules.
The Policy Advisor will be required to provide work authorization to prove eligibility to work in the United States.
By applying to this position, you agree you will be available to work on-site in a full-time capacity.

Responsibilities

Strategic Leadership Advance the strategic vision and plan for the Real Time Data Research Center through collaboration within the Department and Bank.
Maintain and evolve the Center’s portfolio of products to continuously meet the mission of being a global source of data for economic research.
Oversee macroeconomic surveys, real‑time‑data collection, and forecasting activities, ensuring alignment with the mission and needs of stakeholders.
Ensure the quality, integrity, and visibility of the Center’s products.
Department Management Provide strategic guidance to the Center’s management team, evaluate performance, set expectations, cascade information, and ensure clarity around objectives.
Serve as a coach and mentor, for the Center’s staff as well as the Research Department.
Communication & Relationship Management Coordinate Center activities with other sections of the Research Department and the Bank.
Ensure the Center’s products reach a variety of audiences, including through outreach to academia.
Oversee the content of regular publications produced by the Center, ensuring they are relevant and of high quality.
Promote the resources from the Center to relevant stakeholders and incorporate applicable feedback on products and enhancements.