Company

Federal Reserve Bank of Cleveland

The Federal Reserve Bank of Cleveland’s mission is to foster the stability, integrity, and efficiency of the nation’s monetary, financial, and payment systems while representing the Fourth District perspectives.

As part of the nation’s central bank, we are a team of mission-driven professionals who are committed to serving with excellence. Our core values are: Build Trust Every Day, Own Our Actions, Collaborate with Intention, and Be Open to Change.

For twenty-seven years in a row, we’ve been named “One of Northeast Ohio’s Best Places to Work” by North Coast 99. This prestigious award honors organizations with outstanding employment practices, including compensation, benefits, training, recruitment, retention, community services, and employee communications.

Follow us on LinkedIn, Twitter, Instagram, and our YouTube channel – Cleveland Fed

Conducts advanced analysis and policy directed research that contributes to internal publications, external publications, policy advising, and outreach. As part of a multidisciplinary and collaborative team of researchers and professionals, you will work in all areas of policy advising and support directly for the Bank President and senior Bank principles. We are part of the Executive function.

The Senior Policy analyst will analyze and research on issues that affect financial markets and monetary policy across a broad range of topic areas, expanding the bank’s capabilities to monitor and assess the impacts of market developments and functioning on policy. You will use database knowledge to compile statistical data, create data exploration tools, conduct initial data exploration on your own and work with senior staff members on their research. This is an outstanding opportunity for someone who is highly motivated to learn about monetary policy and financial markets, while contributing to impactful work directly connected to the key policy making responsibilities of the Federal Reserve.

Essential Accountabilities

• Support team deliverables to advise Reserve Bank President, other senior Bank leaders, and the public on matters related to financial markets and monetary policy through published reports and presentations.

• Develop and maintain materials and tools to educate internal and external stakeholders on key issues affecting financial markets, market functioning, and monetary policy.

• Support in the writing and editing of speeches for the Reserve Bank President and other principles.

• Develop and maintain strong relationships with financial industry leaders, as well as key stakeholders across the Federal Reserve System to advance Bank-level objectives

• Conducts advanced directed research and analysis for internal and external publications and presentations.

• Leads the recruitment and training of new team members.

• Attends department seminars and training sessions to enhance economic knowledge and develop technical skills.

• Performs other duties as assigned or requested.

Education and Experience

• Bachelor's Degree in finance, economics, mathematics, statistics, computer science, or related field.
• 3-5 years of as an analyst in financial industry, regulatory agency, or academic institution.

Knowledge Areas – Advanced:

• Knowledge of finance, monetary policy, macroeconomics, or other related fields.

Skill Areas – Advanced:

• Strong analytical, quantitative, and specialized technical skills
• Strong ability to conduct policy analysis and research with minimal oversight
• Strong ability to analyze complex and large data sets using statistical packages or standard programming languages
• Strong ability to balance multiple projects and deadlines
• Oral and written communication skills
• Ability to innovate and commitment to public service

Location: Cleveland, OH

 

The expected starting salary range for the Research Analyst Senior is between ​$83,600 and $105,000 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

Citizenship requirement

You must be either a U.S citizen or Permanent Resident to apply. In addition, all candidates must undergo an enhanced background check 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.

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. 

Reasonable Accommodation Statement - The Federal Reserve Bank of Cleveland is committed to ensuring that individuals with disabilities are provided with reasonable accommodation to participate in the job application or interview process, perform essential job functions, and receive other benefits and privileges of employment. To request a reasonable accommodation for any part of the employment process, please send an email to clev.4d.benefits.specialist@clev.frb.org.

Bank’s Ethics Rules and Drug Testing:

As a condition of employment, Federal Reserve Bank of Cleveland employees must comply with the Bank’s ethics rules which generally prohibit employees, their spouses/domestic partners, and minor children from owning or controlling, directly or indirectly, any debt or equity interest in a depository institution or an affiliate of a depository institution. A "depository institution" means a bank, a trust company, or any institution that accepts deposits, including a bank chartered under the laws of a foreign country. In addition, employees (and their spouses/domestic partners, and minor children) may not own shares of mutual funds, unit investment trusts or ETFs that have a policy, as stated in the prospectus, of concentrating in the financial services industry and that have underlying investments in banks or other depository institutions.  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.

In addition, as a condition of employment, candidates must undergo a background check and will be tested for all controlled substances prohibited by federal law, to include marijuana, prior to hire and for certain safety sensitive positions during employment.  

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Always verify and apply to jobs on Federal Reserve System Careers or through verified Federal Reserve Bank social media channels

 

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)

The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.

Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.

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