Company

Federal Reserve Bank of MinneapolisThe Minneapolis Fed’s Research Division has a long history of producing top-tier academic and policy research on a wide range of issues related to the mission of the Federal Reserve System. First and foremost, the Research Division prepares analysis in support of the Bank President’s participation in Federal Open Market Committee meetings and other public engagements. In addition, staff engages in academic research related to strategic Bank initiatives, including monetary policy, banking regulation, debt crises, inequality, education, and minimum wage, among others. More than 100 research and policy economists, research analysts and assistants, local and national research consultants, visiting scholars from around the world, and a highly trained professional staff comprise the Research Division. The Research Division has a strong commitment to diversity, equity & inclusion to create a welcoming working environment and, more generally, an economy that works for all.

In your role as an assistant vice president reporting to the Vice President & Administrative Officer, you will work with senior management to develop plans that achieve the Research Division strategic objectives. You will have direct responsibility for Research Division operations and management of the budget. In addition, you’ll provide oversight of the extensive programming of research activities of the Division, including the coordination of Consultant and Visiting Scholar programs, support of Opportunity and Inclusive Growth Institute initiatives, and organization of research conferences.

General Responsibilities:

Work with Senior Management to set and achieve Research Division strategies and objectives.

Lead or serve as the primary management point of contact for strategic Division initiatives and/or projects.

Collaborate with a variety of stakeholders within the Bank, across the Federal Reserve System, and with external partners, to support the creation of high-quality research and the mission of the Bank.

Promote an environment in which all employees feel they belong and can contribute to the Bank’s work. Model and develop an organizational culture that encourages strong employee engagement, foster a diverse workplace, and reduce barriers to productive work.

Participate in System initiatives and assume leadership positions at the System level, as appropriate. Influence decisions and strategic initiatives. Translate promising ideas into concrete action plans.

Ensure compliance with all applicable Division, Bank, and System policies, procedures, and controls to provide the highest level of public confidence and operational integrity.

Administer Bank policies for areas of responsibility; ensure policies remain current; seek interpretation and clarification where necessary.

Position-Specific Responsibilities:

Oversee Division budget and finance activities, including budget planning, forecasting, monitoring and compliance, in order to achieve financial goals.

Provide oversight to the extensive programming activities of the Division, including:

• Coordinating staffing of the Research Analyst program
• Collaborating with business partners to develop contracts and maintain relationships with contracted scholars
• Advising on planning for an ongoing calendar of conferences, seminars, and other events

Manage a highly engaged team of professional subject matter experts who provide program, analytical, technical, and administrative support to researchers.

Facilitate open communications with staff and manage performance and professional development through coaching, constructive recognition, rewards, feedback, training, and appraisals.

Foster the relationship between the Research Division and the University of Minnesota Economics Department through effective communication and collaboration.

Coordinate tracking and reporting of the activities of the Division to the Bank and Board of Governors.

Qualifications

Bachelor’s degree. Additional education beyond a bachelor’s degree preferred.

Ten years of progressively more responsible related professional experience to include five or more years leading teams and managing people.

Ability to motivate, develop, and lead a diverse team through collaboration and consensus and promote a culture of service, accountability, and innovation. Experience successfully driving change through collaboration and matrix management.

Experience managing an operational area within a business, including responsibility for accounting and finance, operations management, compliance, and talent management.

Commitment to promoting diversity and inclusion, including in hiring, retention, vendor selection, or other programmatic initiatives.

Highly developed interpersonal skills with the ability to relate and communicate at all levels. Exceptional customer-service orientation with the ability to influence across the organization.

Demonstrated ability to manage and make decisions considering changing priorities.

Discretion and sensitivity in handling confidential, varied, and complex issues.

Experience supporting researchers in an academic setting such as a university department or think tank strongly preferred.

This position requires access to confidential supervisory information and/or 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 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 U.S. citizen and meet other additional eligibility requirements. In addition, all candidates must undergo applicable background checks and comply with all applicable information handling rules, and all non-U.S. citizens must sign a declaration of intent to become a U.S. citizen and pursue a path to citizenship.

An essential function of this position is working onsite. While this position qualifies for a hybrid working arrangement, employees are required to be onsite at least 4 days a week.

Our total rewards program offers benefits that are the best fit for you at every stage of your career:

• Comprehensive healthcare options (Medical, Dental, and Vision)
• 401(k) match, and a fully-funded pension plan
• Paid time off and holidays
• Free public transportation passes
• Annual educational assistance
• On-site fitness facility
• Professional development programs, training and conferences
• And more…

The Minneapolis Fed is committed to developing a diverse workforce and providing an inclusive environment where all employees are respected and valued. We believe that we can foster development opportunities for all and reach our full potential by recognizing the unique experiences and identities of each of our colleagues. From economists to cash specialists, we work together to represent you in our economy.

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Executive

Work 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.

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