Associate Director, International Macroeconomics Analysis - Division of IF

Federal Reserve Board of Governors

Washington, DC, USA Remote

Full time

Sep 12

I. JOB SPECIFIC DUTIES AND RESPONSIBILITIES:

1) Reporting to the senior associate director, associate director oversees the activities of the Advanced Foreign Economies (AFE), Emerging Market Economies (EME), and Trade and Quantitative Studies (TQS) sections. Provides leadership and support to section chiefs in managing section resources to address the ongoing needs of the division and to assure high-quality resolutions of section responsibilities and critical work demands.

2) Provides intellectual leadership for analysis, forecasts, and research on U.S. international trade and trade policy, oil and other commodity markets, the interdependence of the U.S. economy and foreign economies, the economies of major advanced economies and emerging market countries and their implications for the United States and the rest of the world. Special attention is given to Canada, the euro area, Japan, and the United Kingdom as well as to China and the emerging market economies of Asia and Latin America.

3) Assists in identifying topics and analysis relevant for senior officers and/or policymakers. Contributes to the successful delivery of high-quality, policy-relevant information to these groups.

4) Contributes to the Board- and FOMC-related responsibilities of the division; maintains an active research agenda, including on policy-relevant topics; and supports the research activities of section staff and other members of the division.

5) Actively coaches and mentors the next generation of talent, provides frequent feedback to grow others’ skills, and promotes good contingency and succession planning.

6) Promotes engagement, information sharing, and collaboration among staff and others across the division. Actively engages with the line officers in the division and of relevant sections in other divisions at the Board. Oversees joint projects as requested. Maintains strong working relationships with these groups. Fosters a diverse and inclusive work environment.

7) Supports the division’s senior officers, Board members, and the FOMC, by contributing to the strategic direction of the division and the achievement of its objectives and priorities.

8) Represents the Division, the Board, or the System as needed in interagency, central bank, or international agency meetings, professional conferences, Board committees and/or working groups, or with other internal or external contacts on matters relating to areas of expertise.

II. DIVISION SPECIFIC REQUIREMENTS:

The individual is a broad conceptual thinker with a practical orientation and an ability to translate complex economic concepts into applied policy advice and practice. The individual has strong analytical and problem-solving skills, excellent written and oral communications skills, and excellent management and leadership abilities. As an officer in the IF division, the individual would promote the division’s model of leadership—within the division and across the Board—focused on maximizing the contribution, development, and accountability of all staff in the Division. Additionally, as an officer, the individual would facilitate the strongest contributions of others by distributing authority, responsibility, and decision-making widely, providing feedback, encouraging initiative and creativity, giving others broad discretion for how to best carry out their jobs, and then holding them accountable for performing at a high level. Much of the work of IF is conducted by teams of staff. As a result, it is critical for officers in IF to promote close and effective working relationships among staff working together as a team. As part of this, officers must act in a way that builds trust and puts the needs and goals of the Board and the Division first. In particular, it is essential for officers to foster a work environment that allows staff in their lines and across the Division to reach their full potential. Some key examples of the types of behaviors that officers in IF should demonstrate in this area include:

Big Picture Orientation

  • Takes a broad view of the external environment; makes connections and devises forward-looking strategies and insights.
  • Creates short- and long-term strategies in the service of the public interest based on the division’s and the Board’s missions and external environments.
  • Shifts strategic direction in anticipation of, or in response to, key economic or regulatory events.
  • Develops insightful analysis, strategies, plans, and tactics that span his/her area of specialty.
  • Demonstrates innovation and thought leadership in developing policy and institutional solutions.
  • Demonstrates strong leadership and management skills aligned to the Board’s values.
  • Keeps skills and knowledge current and aligned to state-of-the-art economic research in the relevant areas as well as economic, political, and social trends that affect the organization.
  • Understands near-term and long-term needs for the organization and determines how operations should be positioned to meet such needs.
  • Encourages others to broaden their expertise in response to new data, policies, and regulations.

One-Board Focus

  • Works with others to achieve the best outcomes for Board-wide objectives.
  • Consistently seeks the views of Board and System staff involved in complementary or overlapping efforts to solve key problems across the Board and System, and works to reduce duplication of effort.
  • Is open-minded towards others’ views, even while disagreeing.

Manages and Develops Talent

  • Builds individual and team capabilities and holds staff accountable for their performance and development.
  • Ensures staff is frequently and accurately evaluated on their performance.
  • Provides ongoing feedback to develop the skills and potential of others.
  • Develops successors and a talent pipeline for key positions.
  • Uses the Board’s people management and development programs to enhance employees’ performance.

Experience, Judgment, and Execution

  • Influences others by demonstrating sound judgment resulting in effective outcomes.
  • Demonstrates self-awareness of the limits of his/her expertise; knows when and how to leverage the experience and expertise of others.
  • Creates and maintains an environment in which others can deliver insightful analyses and practical solutions that advance the Board’s strategic priorities.
  • Elicits alternative points of view from others and reconciles differences to achieve optimal outcomes.
  • Holds self and others accountable to accomplish results in a timely manner with the highest quality execution.

Advances Diversity & Inclusion

  • Holds self and others accountable for creating an inclusive workplace; actively supports the Board’s diversity efforts.


Employment is also contingent upon meeting the Board’s requirements for accessing information relevant to the job and the completion and satisfactory adjudication of relevant background investigations.

Position offers a hybrid work environment with opportunities to both telework and work onsite. Some onsite presence will be required.

Position Requirements

III. KNOWLEDGE/SKILL/EDUCATION REQUIREMENTS:

1) A Ph.D. in economics, finance or related field is required.

2) Minimum of 10 years of professional experience in economics or finance related fields generally required after receiving advanced degree.

3) Minimum of 4 years of successful people-management experience, of which at least 2 years of experience managing people-managers and working at the executive/officer level is required. Additional experience managing people and people-managers is strongly preferred.

4) Demonstrated success in conducting research and leading teams of research professionals. Substantial knowledge of international, monetary, and financial economics. In particular, it is desirable to have a track record of research and policy-relevant analysis in some or all of the following areas:

  • Monetary and fiscal policy
  • Labor market issues
  • Investment and productivity
  • Financial crisis
  • Trade flows
  • Commodity markets
  • Forecasting techniques

5) Strategic thinker with demonstrated strong project execution and project management capabilities, analytical skills, political savvy, and conflict mediation skills.

6) Demonstrated experience and commitment to fostering collaboration and employee engagement.

7) Ability to lead and manage staff and projects effectively, set priorities, assess performance, guide staff development and make budgetary recommendations.

8) Ability to balance competing interests among a variety of clients and readily readjust priorities to respond to pressing and changing client demands. Must be able to anticipate and meet the clients’ needs while maintaining high-quality end products.

9) Exceptional organizational savvy and agility as demonstrated by ability to manage across organizational boundaries, building high performing teams, diminishing organizational silos, strengthening teams, and facilitating effective group and team dynamics

10) Requires the ability to communicate effectively, both orally and in writing, with all levels of staff and management.

IV. OFFICER SPECIFIC POSITION RESPONSIBILITIES:

1) Acts as responsible steward to the function(s), Division, and Board by demonstrating proficiency in the Board’s espoused competencies.

2) Balances and mitigates key organizational and functional risks where appropriate, and develops and executes sustainable risk mitigation strategies.

3) Fosters a continuous learning culture.

4) Exercises appropriate judgement and decision-making in complex situations.

5) Demonstrates innovation and thought leadership relevant to future-state organizational and functional people strategies.

6) Demonstrates strong leadership and management skills aligned to the Board’s espoused values.

7) Keeps skills and knowledge current and aligned to best practices relative to key rules, regulations, and policies, as well as economic, political, and social trends that affect the organization. Understands near-term and long-term needs for the organization and determines how operations should be positioned to meet such needs.

8) Demonstrates proficiency in political savvy, organizational savvy, and interpersonal communication skills.

V. BOARD COMPETENCIES:

1) Decision Quality: Makes timely, thoughtful, strategic decisions

2) Learning Agility: Takes responsibility for building organizational agility

3) Drive for Excellence: Delivers results by developing shared vision and direction for the organization

4) Perspective and Strategic Agility: Leads and acts with the future in mind

5) Collaborative Relationships: Sets the tone for collaborative organization

6) Effective Communication: Effectively speaks and acts on behalf of the Board

VI. PERSONAL RELATIONSHIPS:

1) Has frequent contact with members of the Board, both in discussions and through memoranda, regarding matters pertaining to area(s) of responsibility.

2) Has frequent contact with senior staff and other professionals in the division, elsewhere at the Board, and the Reserve Banks regarding matters pertaining to area(s) of responsibility.

3) Has regular contact with all staff in the function(s) to stay connected to the pulse of the division, provide leadership, and act as a role model.

4) Has frequent contact with individuals from other federal agencies, international organizations, and in the private sector regarding the subject matters in area(s) of responsibilities.

VII. INTERNAL MANAGEMENT RESPONSIBILITIES:

1) Provides guidance, coaching, and feedback to, and conducts performance reviews for managers and other direct reports, and ensures same is provided to all function staff.

2) Responsible for accomplishing approved program objectives for area(s) of responsibility within the financial and personnel resources allocated by the Board and the division's senior management.

3) Participates in the development of the division’s strategic plan, goals, and budget. Recommends program objectives and their priorities for area(s) of responsibility.

4) Recommends personnel actions involving promotions, reclassifications, merit increases, and reassignments or separations in area(s) of responsibility.

VIII. POSITION DEMANDS:

1) Ability to exercise independent and sound judgment in establishing objectives for assigned area(s) of responsibility that provide support and services for the division’s and Board’s missions.

2) Ability to translate customer service and organizational development theories and best practices into effective strategies for adoption in area(s) of responsibility to achieve and maintain high levels of customer service.

3) Ability to communicate effectively, both orally and in writing, to the Board and individual members thereof, senior Board staff, other Board and Reserve Bank staff: and staff at other government agencies and in the private sector on complex and technical matters.

4) Ability to be an effective spokesperson and advocate for the Board and the division in outside contacts, which may involve significant business dealings.

5) Ability to operate under pressure to meet deadlines accurately and in a timely manner.

Full vaccination for COVID-19 is required as a condition of employment, unless a legally required exception applies.

We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, genetic information, or application, membership, or service in the uniformed services.

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