ECM Executive Vice President and Director of Research

Company

Federal Reserve Bank of Chicago

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 Chicago Fed promotes sound growth and financial stability in the nation and especially in the Midwest region (the 7th district includes most or all the economies of Illinois, Indiana, Iowa, Michigan, and Wisconsin).

The Bank is a thought leader and innovator in numerous areas, including monetary policy, financial markets and stability, bank supervision, payment services, and engagement with the community.
The Chicago Fed’s Research Department is an exciting and important part of the Chicago Fed and the Federal Reserve System.

It has long provided an influential and independent voice in monetary policy, deeply informed by influential and leading-edge staff research and analysis.
The Chicago Fed Research Department also has a variety of unique roles within the System, including involvement with the financial markets and Financial Market Utilities in the district (only Chicago and New York include such entities), leading the System’s Insurance Initiative, and supporting economic well-being in our local communities.
The Bank’s Research Division has approximately 120 employees, including around 40 economists and nearly 20 policy professionals as well as research assistants and administrative and operations staff.

It is organized into several functional teams: Macroeconomics, Microeconomics, Financial economics, Regional economics, Policy and Communications, the Financial Markets Group, the Economic Mobility Project, and operations.
The Federal Reserve Bank of Chicago is committed to providing equal employment opportunity to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, or military service.

NOTE: For consideration for this role, please apply via our search partners, Spencer Stuart, by submitting your resume to: frbc-rd@spencerstuart.com

The Federal Reserve Bank of Chicago (the Bank) is seeking a thoughtful, collaborative, and academically accomplished leader to serve as Director of Research.

This individual will lead a large, research-intensive division that operates more like an academic department than a traditional policy unit—valuing original, high-quality scholarship that informs monetary and financial policy at the highest levels.
Reporting directly to the Bank’s President and serving as a member of the Executive Committee, the Director will help shape the Bank’s strategic direction and policy contributions within the Federal Reserve System.

With several senior leaders reporting to them, the Director will also play a key role in advancing the Bank’...