Senior Policy Advisor

Company

Federal Reserve Bank of Philadelphia

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.

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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 can...