Federal Reserve Bank

Economist/Senior Economist/Economic Advisor - Financial Economics

Federal Reserve Bank$165K — $400K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • PhD or equivalent in economics or finance with a strong publication record.
  • Minimum 3 years of relevant research experience in an academic or similar setting.
  • Proven ability to conduct independent research in finance and economics.
  • Excellent analytical skills for in-depth policy analysis.
  • Strong written and verbal communication skills.

Responsibilities

  • Conduct independent research to be published in leading journals.
  • Develop and provide detailed analysis for Bank policy briefings.
  • Collaborate with other departments on research and analysis efforts.
  • Contribute to the mission and strategic goals of the Federal Reserve Bank.
  • Mentor junior economists and research staff.

Benefits

  • Support for overall health and financial security.
  • Opportunities for continuous learning and skill development.
  • Participation in a dynamic work environment that values research and analysis.
Full Job Description
Economist/Senior Economist/Economic Advisor - Financial Economics

G1 - General Financial Markets
G2 - Financial Institutions and Services
G3 - Corporate Finance and Governance
G5 - Household Finance

The Economic Research Department of the Federal Reserve Bank of Chicago invites applications for an Economist or Senior Economist or Economic Advisor position on the Finance team.

The Bank will consider applications from seasoned candidates with a strong publication record in finance and economics journals and at least 3 years of experience in an academic or similar research setting.

Successful candidates will be expected to conduct independent research that is published in leading academic journals, provide in-depth analysis for Bank policy briefings, and contribute to the mission of the Bank. Excellent communication skills are required.

Applicants should submit:

1-Cover letter
2-CV
3-Contact information for three references

Important Note: When asked to upload your resume on the Workday Portal, you must upload all supplementary application documents. There will not be an additional prompt to upload documents 1,2, & 3. You must upload them on the same page where you upload your resume. Failure to do so will postpone the review of your application.

What we offer:
  • The expected starting salary range for the Economist position is between $165,000 and $290,000 annually in addition to annual performance-based discretionary bonuses. Final salary and offer will be determined based on the applicant's relevant experience, skills, internal equity, and alignment with geographic and other market data.
  • The expected starting salary range for the Senior Economist position is between $210,000 and $320,000 annually in addition to annual performance-based discretionary bonuses. Final salary and offer will be determined based on the applicant's relevant experience, skills, internal equity, and alignment with geographic and other market data.
  • The expected starting salary range for the Senior Economist & Economic Advisor position is between $220,000 and $400,000 annually in addition to annual performance-based discretionary bonuses. Final salary and offer will be determined based on the applicant's relevant experience, skills, internal equity, and alignment with geographic and other market data.
  • The Chicago Fed offers benefits to support overall health and financial security. Learn more about our benefits here: https://www.chicagofed.org/careers/thebenefits
  • A continuous learning environment with opportunities to gain new skills and grow your career.


Additional Requirements:
  • This position has additional screening requirements due to the information accessed while performing the job. These additional screenings would be initiated at the time of offer acceptance and can take approximately two months to be completed. The screening covers areas such as education/employment verification, criminal history, credit history, and reaches out to your references and people that know you well.
  • 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 and sponsorship for a work visa, and subsequently for permanent residence, if they sign a declaration of intent to become a U.S. citizen and meet other 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.
  • As a condition of employment, Federal Reserve Bank of Chicago 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 official if necessary.


Full Time / Part Time
Full time

Regular / Temporary
Regular

Job Exempt (Yes / No)
Yes

Job Category
Economics/Research Family Group

Work Shift
First (United States of America)

About Federal Reserve Bank

Industry
Founded
1913

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