Job Description:The Real Time Data Research Center is a source of knowledge and expertise about real-time macroeconomic data, surveys of macroeconomic forecasts, and macroeconomic modeling. Housed within the Philadelphia Fed's Research Department, the Center produces macroeconometric analyses and collects and maintains a variety of data sets of value to macroeconomists and monetary policymakers. Our mission is to be the global source of economic research around real-time data, macroeconomic forecast surveys, and macroeconomic modeling, providing valuable insights to be drawn from that research for monetary policymaking. Learn more about the purposes and functions of the Real Time Data Research Center here.
The Senior Vice President (SVP) & Director of the Real Time Data Research Center leads the Center's full portfolio of activities. This includes macroeconomic surveys, data collection, forecasting, workshops, and conferences. The SVP sets strategic vision, provides guidance and development to the Center's staff, ensures the integrity and visibility of its products, and strengthens partnerships with academic and central bank researchers. As a member of the Research Department's Leadership Team, the SVP will advance department initiatives and contribute to its positive culture. Running a division within the Research Department, the SVP is central to advancing the mission of the Center, providing strong leadership as well as developing its talent.
To succeed in this role, the ideal candidate must demonstrate exceptional executive-level leadership and possess a strong understanding of macroeconomic research, real-time data, and advanced econometric techniques. They must be able to set and execute a vision for a complex portfolio of real time data, leveraging advanced models; oversee high-visibility macroeconomic surveys, and data collection efforts; and ensure the accuracy, integrity, and relevance of the Center's economic products. Success requires strong analytical judgment, the ability to guide sophisticated data-gathering and analysis efforts, and the capacity to communicate insights clearly to senior leaders, policymakers and external stakeholders. The candidate must build effective relationships, collaborate with fellow leaders, promote the Center's work internally and externally, and provide thoughtful guidance and coaching to staff while managing evolving priorities and delivering results under tight deadlines.
The salary range for this position is: $249,500 - $383,900. Final salary and offer will be determined by the applicant's background, experience and skills, as well as internal equity and alignment with market data.
Key Responsibilities
The scope of the role includes, but is not limited to:
Strategic Leadership - Advance the strategic vision and plan for the Real Time Data Research Center through collaboration within the Department and Bank.
- Maintain and evolve the Center's portfolio of products to continuously meet the mission of being a global source of data for economic research.
- Oversee macroeconomic surveys, real-time-data collection, and forecasting activities, ensuring alignment with the mission and needs of stakeholders.
- Ensure the quality, integrity, and visibility of the Center's products.
Department Management - Provide strategic guidance to the Center's management team, evaluate performance, set expectations, cascade information, and ensure clarity around objectives.
- Serve as a coach and mentor, for the Center's staff as well as the Research Department.
Communication & Relationship Management - Coordinate Center activities with other sections of the Research Department and the Bank.
- Ensure the Center's products reach a variety of audiences, including through outreach to academia.
- Oversee the content of regular publications produced by the Center, ensuring they are relevant and of high quality.
- Promote the resources from the Center to relevant stakeholders and incorporate applicable feedback on products and enhancements.
Education and Experience:
- PhD in economics, finance, or related field.
- Minimum of 10 years of demonstrated experience within the field of economics, finance or related fields, including strong track record of publishing in leading journals.
- Demonstrated people and project leadership.
Knowledge and Skills:
- Strong analytical and critical thinking, including ability to assimilate complex information, understand complex topics, and integrate data with policy concepts.
- Demonstrated expertise in advanced quantitative economic/financial methods.
- Experience in developing high-performing teams, with an emphasis on coaching and mentorship.
- Exceptional interpersonal skills including written and verbal communication skills.
- Strong organizational skills to manage evolving priorities and tight deadlines.
Other Requirements
- Maintain a full-time onsite presence at the Philadelphia Fed.
- Willingness to travel as needed.
Ethics Considerations and Prohibited Activities
Employees of the Philadelphia Fed are held to the highest standards of integrity, impartiality, and public trust. To maintain confidence in the Federal Reserve System, all employees must comply with federal statutes prohibiting financial conflicts of interest, and senior officials are subject to additional restrictions.
The ROLE is subject to Sections III and IV of the Federal Reserve Board's Investment and Trading Policy for FOMC Officials. Specifically, the ROLE should not hold derivatives tied to short-term interest rates; own or control, directly or indirectly, any debt or equity interest in a primary government securities dealer or any of its affiliate; or place bets on FOMC actions. must:
- Hold investments for at least 45 days.
- Refrain from trading during FOMC blackout periods or periods of financial market stress.
- Disclose financial transactions.
These restrictions also apply to the ROLE's spouse and dependent children. In addition, the Bank's Code of Conduct prohibits outside activities that conflict with official duties (e.g., serving as a director of a public company) and certain partisan political activities.
Candidates should review the following to ensure compliance:
- Federal Reserve Bank Philadelphia Code of Conduct
- https://www.federalreserve.gov/monetarypolicy/files/FOMC_InvestmentPolicy.pdf
- https://www.federalreserve.gov/aboutthefed/faqs-fomc-officials-investment-trading-policy.htm
We offer a great benefits package that features:
- Medical, Dental, and Vision Insurance
- 401k/Thrift Plan with generous employer match
- Employer-funded Pension Plan
- Paid Vacation/Sick Time & Holidays
- Flexible Spending Accounts and Healthcare Spending Accounts
- Life Insurance and Long-Term Disability Insurance
- Free onsite 24/7 Fitness Center
- Additional Benefits, Discounts and More...
Additional Information:
The Federal Reserve Bank of Philadelphia takes your information privacy seriously. Federal Reserve Bank of Philadelphia staff will only email you from the "@phil.frb.org" domain or through the Workday system "
[email protected]". If you are initially contacted by phone, feel free to request that the caller provide you with their email address to validate their identity. If you have any questions about the validity of someone who contacts you regarding this position, please email the Talent Acquisition team at
[email protected].
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.
By applying to this position, you agree you will be available to work on-site in a full-time capacity.
Learn more about working for the Philly Fed here
Full Time / Part TimeFull time
Regular / TemporaryRegular
Job Exempt (Yes / No)Yes
Job CategoryEconomics/Research Family Group
Work ShiftFirst (United States of America)
