Federal Reserve Bank

Community Development Senior Advisor

Federal Reserve Bank$137K — $171K *
Education, Government & Non-Profit
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree with 10+ years of experience, Master's with 7+ years, or PhD with 5+ years in a relevant field.
  • Expert knowledge in community and economic development, particularly in housing, human capital, small business, or community finance.
  • Demonstrated project management skills, including team organization and resource allocation.
  • Exceptional written and verbal communication skills, with a focus on presentations and reports.
  • Proficiency in descriptive statistics and Microsoft Office Suite.

Responsibilities

  • Lead community development research and outreach initiatives targeting low to moderate income issues.
  • Manage project specifications, timelines, and resources, ensuring alignment with strategic goals.
  • Analyze core data indicators, policies, and economic conditions related to community development.
  • Participate in leadership roles within Federal Reserve System workgroups on community development topics.
  • Conduct independent research projects, delivering findings through presentations and written reports.
  • Foster collaboration among various stakeholders including think tanks, universities, and nonprofit organizations.
  • Serve on regional taskforces and assist in documentation for activities and processes for wider application.

Benefits

  • Comprehensive health and financial security benefits.
  • Access to continuous professional development resources.
  • Opportunities to engage in impactful community-focused initiatives.
  • Supportive work environment that prioritizes work-life balance.
Full Job Description
Serves as a key knowledge expert on a specific community development topic (e.g. housing/ neighborhood stabilization, human capital, small business, or community development finance). for the District. 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/or reports on CD topics for Bank and System publications and community partners use. 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. Works independently, requiring little guidance in area of expertise. Location: Cleveland, OH, Columbus, OH, Cincinnati, OH, or Pittsburgh, PA Essential Accountabilities 30 Leads the work of a CD focus by strategically planning and coordinating related research and outreach/engagement activities using effective and creative approaches to address low to moderate income (LMI) issues. 30 Effectively carries out project management activities, to include defining project specifications/requirements, identifying resources, organizing teams, ensuring project objectives align with Bank and CD strategic plans, prioritizing work, assigning tasks, tracking progress, preparing status reports, managing deadlines, and measuring outcomes. 30 Tracks related to core data indicators, policies, and regulations for District and nation on CD topics. 30 Participates and provides leadership on Federal Reserve System (FRS) initiatives and work groups. 30 Executes research and outreach/engagement projects on a select CD focus to assess LMI needs and issues within the District; includes primary and secondary data gathering, analysis/synthesis, and case studies. Informs external stakeholders and Bank leadership, economists, and System counterparts on issues by writing and delivering effective professional presentations. 30 Coordinates dissemination and use of results to prioritize the implementation of complementary activities (e.g. forums and convenings) throughout the District using in-person and technology-based approaches. 30 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 focus and serves as a critical knowledge broker. 30 Serves on local/regional taskforces/project committees that align with District and FRS CD interests. Prepare written summaries of workshop or conference proceedings. 30 Participates in substantive, hands-on collaborative CD projects in the District and documents/publishes processes for potential duplication in other parts of the District/country. 30 Conducts independent applied research and produces highly specialized and original data reports for the CD department's website, blogs, discussion papers, other printed material, and for external sources on CD issues. 30 Serves as a contributing editor for the CD department's publications and helps to recruit outside contributors to address critical topical issues for the District and nation. 30 Participate in FRBC FOMC and other Bank discussions related to select CD topic. Prepares and delivers sophisticated presentations on CD topics to internal and external stakeholders. Supports the preparation of responses to outside inquiries and provides expert advice to Bank and System leadership and other departments as needed. Education and Experience 30 Bachelor's degree with a minimum of 10 years of related work experience or 30 Master's degree with a minimum of 7 years of related work experience or 30 PhD with a minimum of 5 years of related work experience Knowledge Areas - Expert Level 30 Community and economic development 30 CD Specialization (housing/neighborhood stabilization, human capital, small business, or community development finance) Skill Areas - Expert Level 30 Planning and project management 30 Written communications/presentation skills 30 Descriptive statistics 30 Microsoft Office Suite The expected starting salary range for the Community Development Senior is between $137,000 and $171,300 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

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Founded
1913

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