Financial Economist (R&D)
Company
Federal Reserve Bank of New YorkConducts financial policy analysis and independent research on a wide range of topics for the Bank. Identifies and carries out research on topics for publication in peer-reviewed academic and policy journals. Provides rigorous analysis and advice on financial policy issues. Promotes a diverse and collaborative research environment within the Bank. Fosters diversity in the economics and finance professions.Role Description
Expert: Has subject-matter expertise that's recognized by others. Manages large projects or processes with limited oversight from their manager. Coaches and reviews the work of other professionals. Faces problems that are difficult and often complex. Influences others regarding policies, practices, and procedures. Tactical (50%) –focused on the plans to achieve goals and objectives –the “how”, Transactional (50%) –carries out defined steps or processes.
Achieves operational targets with major impacts on their department's results. Contributes to the development of goals for the department and planning efforts (budgets, operational plans, etc.). Manages large projects or processes that span outside of their immediate job area. Performs work under limited supervision with extensive autonomy and discretion; plans and arranges short- and long-term work. Influences timelines, expectations and proactively negotiates within the department
Communicates with parties within and outside of their own function, which may include external customers or vendors. Influences parties within and outside of their function at an operational and strategic level regarding policies, procedures, and practices. Regularly conducts briefings with managers and Senior People leader within their job function.
Requires deep knowledge of their job area. Has a specialty within their discipline. Has broad knowledge of project management. Advanced understanding of business line and a broad understanding of the overall Bank.
Works on complex issues where analysis of situations or data requires in-depth evaluation of variable factors. Constructs and may pursue alternative paths towards a solution. Exercises judgment in selecting method, techniques and evaluation criteria for obtaining results consistent with broadly defined policies and practices. Problem/Task resolution timeframe: Inclusive of shorter timeframes, but typically six to twelve months or more to resolve.
Job Summary
[Conducts financial policy analysis and independent research on a wide range of topics for the Bank. Identifies and carries out research on topics for publication in peer-reviewed academic and policy journals. Provides rigorous analysis and advice on financial policy issues. Promotes a diverse and collaborative research environment within the Bank. Fosters diversity in the economics and finance professions.]
Core Responsibilities
[Conducts scholarly research for publication in high-quality, peer-reviewed academic journals. Provides rigorous analysis of financial policy issues using advanced modeling and econometric techniques. Contributes analytical work and prepares technical memoranda, statistical exhibits, and briefings for senior bank officers in support of important policy decisions. Collaborates with subject matter experts on model development, forecast, and analysis. Engages in outreach to the academic and official sector research communities through participation in seminars and conferences, as well as technical working groups.]
Qualifications
[PhD in Economics, Finance, Financial Economics, Data Science, Public Policy, or other related field.
Ability to produce scholarly research suitable for publication in high-quality, peer-reviewed academic journals
]
Touchstone Behaviors
Communicate Authentically - Empathetically engage one another with direct and transparent dialogue and listening. Actively discuss viewpoints with respect and compassion in a timely and candid manner, taking into account verbal and nonverbal cues. Ask questions, learn from each other, and share information widely to move the Bank's work forward.
Collaborate Inclusively - Inspire a diverse and inclusive environment that empowers others to contribute meaningfully. Intentionally bring a diverse set of people together to achieve positive business results.
Drive Progress - Grow and adapt to changing priorities in the Bank. Experiment with new concepts and take appropriate risk to drive innovation. Remain curious and action oriented, navigating through ambiguity and uncertainty to drive outcomes.
Develop Others - Equitably champion, mentor, and develop others to grow professionally. Demonstrate vulnerability and empathy to create a trusted environment.
Take Ownership - Establish an environment of action and excellence by holding self and others accountable to execute to the highest standard.
Full Time / Part Time
Full timeRegular / Temporary
RegularJob Exempt (Yes / No)
YesJob Category
Economics/Research Family GroupWork Shift
First (United States of America)The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.
Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.
