Federal Reserve Bank

Community Development Advisor

Federal Reserve Bank • $111K — $139K *
Education, Government & Non-Profit
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree with 7+ years, Master's with 5+ years, or PhD with 3+ years of related experience.
  • Expert-level knowledge in community and economic development.
  • Specialization in housing, human capital, or community finance is preferred.
  • Strong planning and project management skills.
  • Proficiency in written communication and presentation.

Responsibilities

  • Lead strategic planning for Low to Moderate Income (LMI) research and outreach.
  • Manage projects, define specifications, organize teams, and track outcomes.
  • Participate in Federal Reserve System initiatives and working groups.
  • Conduct independent applied research on LMI issues and present findings to stakeholders.
  • Foster collaboration among diverse stakeholders and serve as a knowledge broker.
  • Engage in hands-on projects and document best practices for replication.
  • Contribute to the CED quarterly publication and recruit external contributors.

Benefits

  • Comprehensive healthcare options to support overall health.
  • Financial security benefits, including retirement plans.
  • Education assistance programs for continued learning.
  • Work-life balance initiatives to support personal well-being.
Full Job Description
Serves as an expert for the District for Community Development. Uses strategic agility and quality decision making to support CD leadership in the development of a comprehensive strategy for CD topics, to include research, outreach, and other initiatives. Independently executes strategy and monitors, measures, and reports outcomes. Uses interpersonal savvy to foster strategic relationships with key stakeholders. Uses technical and intellectual skills to conduct high-level applied, practitioner- and policy-oriented research. Produces highly specialized and original research papers, articles, and reports on CD topics for Bank and System publications. Represents the Bank and CD function on District and System workgroups and projects. Maintains a high level of knowledge regarding research, best practices, and policy expertise of specified issues related to the CD field. Essential Accountabilities 34; Leads a select CD topic by helping to strategically plan and coordinate related research and outreach activities using effective and creative approaches to address Low to Moderate Income (LMI) issues. 34; Effectively carries out project management; helps define project specifications/requirements, identifies resources, organizes teams, ensures project objectives conform to Bank and CD strategic plans, prioritizes work, assigns tasks, tracks progress, prepares status reports, manages deadlines, and measures outcomes. Tracks related core data indicators, policies, and regulations for District and nation on select CD topic. 34; Participates in Federal Reserve System (FRS) initiatives and working groups. 34; Executes research projects on select CD topic to assess LMI needs and issues within the District; includes primary and secondary data gathering, analysis/synthesis, and case studies. Supports activities to inform external stakeholders and Bank leadership, economists, and System counterparts on issues impacting LMI communities by writing and delivering effective professional presentations. 34; Coordinates dissemination and use of results to prioritize the implementation of complementary activities (e.g. forums and educational series) throughout District using in-person and technology-based approaches. 34; Fosters regular communications, high-level relationships, and effective collaboration among District and national practice, policy, research experts/leaders from think tanks, universities, nonprofit organizations, government agencies, foundations, trade associations, financial institutions, nonprofits, and other related organizations on select CD topic and serve as a critical knowledge broker. Serves on local/regional taskforces/project committees that align with District and FRS CD interests. 34; Participates in substantive, hands-on collaborative CD projects in a part of the District annually and documents/publishes processes for potential duplication in other parts of the District/country. 34; Conducts independent applied research and produces specialized and original data reports for the CED department's website, blogs, discussion papers, other printed material, and for external sources on CED issues. 34; Serves as contributing editor for the CED department's quarterly publication and helps to recruit outside contributors to address critical topical issues for the District and nation. 34; Participates in District FOMC and other Bank discussions related to select CED topic. Prepares and delivers sophisticated presentations on CED topics to internal and external stakeholders. Support the preparation of responses to outside inquiries and provides expert advice to Bank and System leadership and other departments as needed. 34; Performs other duties as assigned or requested. Education & Experience 34; Bachelor's degree with a minimum of 7 years of related work experience or 34; Master's degree with a minimum of 5 years of related work experience or 34; PhD with a minimum of 3 years of related work experience Knowledge Areas - Expert Level 34; Community and economic development 34; CD Specialization (housing/neighborhood stabilization, human capital, small business, or community development finance) Skill Areas - Expert Level 34; Planning and project management 34; Written communications/presentation skills 34; Descriptive statistics 34; Microsoft Office Suite This position can be located in Cleveland, OH, Columbus, OH, Cincinnati, OH or Pittsburgh, PA The expected starting salary range for the Community Development Advisor is between $111,400 and $139,200 annually. Final salary and offer will be determined by the applicant's background, experience, skills, internal equity, and market data. The Cleveland Fed offers benefits to support overall health and financial security. Learn more about our benefits here: https://www.clevelandfed.org/careers Physical Demands and General Working Conditions This is not necessarily an exhaustive list of all responsibilities, duties, standards or requirements, efforts, skills or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, the Federal Reserve Bank of Cleveland reserves the right to revise this or any job description at any time. Full Time / Part Time Full time Regular / Temporary Regular Job Exempt (Yes / No) Yes Job Category Communications/Public Relations Family Group Work Shift First (United States of America)

About Federal Reserve Bank

Industry
Founded
1913

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