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COMM DEV RESEARCH ANALYST

Federal Reserve Bank of Minneapolis

Federal Reserve Bank of Minneapolis

IT
Philadelphia, PA, USA
Posted on Tuesday, April 2, 2024

Company

Federal Reserve Bank of PhiladelphiaThe Federal Reserve Bank of Philadelphia is one of the 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System. It helps formulate and implement monetary policy, supervises banks and bank and savings and loan holding companies, and provides financial services to depository institutions and the federal government. The Federal Reserve Bank of Philadelphia serves eastern and central Pennsylvania, southern New Jersey, and Delaware.

Performs statistical and econometric analyses to support or prove the research initiated by the department researchers. Identifies, collects, and organizes data required for department research projects in community and economic development, including workforce and economic development, housing and neighborhoods, and banking, capital and credit. Initiates and conducts independent research projects for, and under the guidance of, the manager and department researchers.

Job Description:

40%

• Conducts independent applied research using statistical and econometric analysis on personal computers; organizes data for analysis and writes computer programs using statistical software.

• Presents results of research to department researchers and management in oral and written communications.

• Recommends, initiates, plans, and executes research projects under the guidance of manager and department researchers.

• Coordinate research projects and directs activities of research assistants and other staff, as assigned.

25%

• Uses knowledge of data sources and data content to determine what source will provide the best data for a project; uses knowledge of the major software packages used in the department to determine which package will provide the best analysis of the data.

• Writes programs to automate data collection procedures.

• Cross-trains and assists other staff in the mastery of new software programs.

• Designs databases for use in research projects in community development, consumer credit and payments, and economic and personal financial education.

• Writes documentation of data sources and statistical tests that have been performed on the data.

20%

• Collects data and interprets results from surveys. Writes results for department's publications.

• Coordinates the production of the publications, including providing html or pdf files for inclusion on Bank's external web site.

• Keeps abreast of issues pertaining to community development, consumer credit and payments, economic and personal financial education, and the overall economy.

• Reviews literature on research topics and may contact others doing similar research. Determines what information is relevant to the project and provides department researchers and management with summaries of findings, both orally and in writing.

10%

• Produces charts and graphs of variables in community development, consumer credit and payments, and economic and personal financial education for use in presentations and publications.

• Works with substantial degree of independence on selected topics that promote a better understanding of low- and moderate-income people and communities.

5%

• May act as liaison to other departments in the Bank or throughout the Federal Reserve System to coordinate cross-functional initiatives related to community development, consumer credit and payments, and economic and personal financial education.

• Works individually or in a group, to identify, communicate, and implement changes and initiatives with the goal of improving the quality of the operation or product.

• Fulfills job duties and responsibilities in conformance with sound safety practices.

• Performs other related duties as assigned.

Education and Experience:

• Bachelor's degree in economics, public policy, urban studies, planning, geography, finance, or statistics and a minimum of two years' related experience. Master's degree preferred.

Knowledge and Skills:

• Knowledge of and ability to apply economic theory and quantitative analysis techniques under the general supervision of department researchers.

• Ability to use PC and standard software packages, including ArcGIS.

• Ability to use PC statistical programs, such as SAS, SPSS, STATA and R to organize data into files and to perform advanced statistical and econometric analyses.

• Knowledge of data in community development, consumer credit and payments, and economic and personal financial education and its sources.

• Ability to quickly find relevant data for research projects, speech and presentation visuals.

• Strong analytical and problem-solving skills.

• Strong organizational and planning skills.

• Strong oral and written communication skills.

Other Requirements: None.

The salary grade for this position is: 11.

We offer a great benefits package that features:

  • Medical (4 options), Prescription, Dental (3 options), and Vision Insurance with no waiting period

  • 401k/Thrift Plan with generous employer match

  • Employer-funded Pension Plan

  • Paid Vacation/Sick Time & Holidays

  • Monthly $100 Commuter Allowance

  • Flexible Spending Accounts and Healthcare Spending Accounts

  • Flexible Work Schedule available in most departments

  • Life Insurance and Long Term Disability Insurance

  • Tuition Reimbursement (undergraduate and graduate)

  • Parental Leave

  • Free onsite 24/7 Fitness Center including training classes, Peloton bikes and locker room / shower facilities

  • Onsite Cafeteria & Coffee Shop

  • Additional Convenience Benefits, Discounts and More…

Additional Information:

  • The Federal Reserve Bank of Philadelphia believes that diversity, equity and inclusion among our employees is essential to our success as an organization, and we want to recruit, develop and retain the most accomplished people from a diverse candidate pool. To support a workplace culture of belonging, we offer eight employee resource groups (ERGs) and a 100 percent rating on the Human Rights Campaign (HRC) Corporate Equality Index. The Federal Reserve Bank of Philadelphia is proud to be an equal opportunity workplace.

  • We have eight employee resource groups (ERGs) to support a diverse workforce. Abilities (supporting disabilities and allies), African Heritage, Asian-Pacific, Freedom (supporting LQBTQ+ and allies), Talent Forward (supporting career growth), Women United, Working Families and Veterans. ERGs are open to all employees.

  • We will ensure that individuals with disabilities are provided reasonable accommodations to participate in the job application or interview process, to perform essential job responsibilities, and to receive other benefits and privileges of employment.

  • All Federal Reserve Bank of Philadelphia employees must comply with the Bank's ethics rules, which generally prohibit employees, their spouses/domestic partners, and minor children from owning securities, such as stock, of banks or savings associations or their affiliates, such as bank holding companies and savings and loan holding companies. If you or your spouse/domestic partner or minor child own such securities and would not be willing or able to divest them if you accepted an offer of Bank employment, you should raise this issue with the Recruiter for this posting, who can provide you contact information for our ethics officer if necessary. You should review the Bank's Employee Code of Conduct to ensure compliance with conflict of interest rules and personal investment restrictions.

  • Background investigations and drug testing are required for all new hires as a condition of employment, after the job offer is made. Candidates for positions deemed as "safety sensitive" will also be screened for the presence of marijuana. Employment may not begin until the Bank accepts the results of the background investigation.

  • All employees will be subject to FBI fingerprint / criminal background and Patriot Act/ Office of Foreign Assets Control (OFAC) watch list checks at least once every five years.

  • Certain eligibility rules apply. You will provide work authorization to prove their eligibility to work in the United States.

  • The above statements are intended to describe the general nature, level of work and the requirements of this position. They are not intended to be an exhaustive list of all responsibilities associated with this position or the personnel so classified. While this job description is intended to be an accurate reflection of this position, management reserves the right to revise this or any job description at its discretion at any time.

  • This is not a 100% remote opportunity. You will be available to work on-site in at least a hybrid capacity.

  • Learn more about the Philly Fed and its culture. Learn more about working for the Philly Fed.

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Communications/Public Relations

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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