Economic Policy Economist

Company

Federal Reserve Bank of New York

Responsible for conducting economic and financial policy analysis and independent research on a wide range of topics for the Bank.

Activities include identifying and carrying out research on topics for publication in peer-reviewed academic and policy journals; providing trusted analysis and advice on economic and financial public policy issues; ensuring appropriate processes, guidance, and resources are available for researchers; working to promote a diverse and collaborative research environment within the Bank and to foster diversity in the economics and finance professions.

Job Family Description

Responsible for research and policy analysis on topics including macroeconomic and microeconomic issues, macroeconomic and monetary policy, labor and product markets, international economic issues, urban and regional issues, public economy issues, financial stability and financial intermediation, macro-finance, capital and money markets, payments issues, structure and performance of financial institutions, and micro-prudential supervision and regulation of these firms.

ORGANIZATIONAL RESPONSIBILITIES

Career Role:

Expert

Role Description

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Has subject-matter expertise that is recognized by others.

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Manages major projects or processes with limited oversight from their manager.

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Provides guidance and reviews work of other professionals within the job area.

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Faces problems that are difficult and often complex.

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Tactical (50%) – focused on plans to achieve goals and objectives – the “how”; Transactional (50%) – carries out defined steps or processes.

DIFFERENTIATING FACTORS

Organizational Impact

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Contributes to project initiatives that may have strategic importance to the Bank, typically involving collaboration across functions.

Achieves operational targets with significant impact on departmental results.

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Contributes to development of goals for the department and planning efforts (budgets, operational plans, etc.).

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Manages projects or processes that may span outside their immediate job area.

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Performs work under limited supervision with autonomy and discretion; plans and arranges short- and long-term work.

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Influences timelines and expectations within the department.

Communication and Influence

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Communicates with parties within and outside of their own function, which may include external stakeholders.

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Influences parties within and outside of their function at an operational level regarding policies, procedures, and practices.

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Regularly conducts briefings with managers and senior leaders within their job function.

Leadership and Talent Management

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Typically provides guidance, coaching, and training to other employees within the job area.

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Typically responsible for managing major projects at this level, involving delegation of work and review of work products.

Required Knowledge and Experience

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Requires deep ...