Vice President and Director of Financial Research
Job Description & Qualification
The Vice President and Director of Financial Research leads a team of Ph.D. economists and other professionals who produce high-quality policy analysis and scholarly research to support the Bank’s mission.
Key responsibilities include:
Manage a team who works on a wide range of topics in financial economics and insurance, who contribute to policy analysis both at the Chicago Fed and the Federal Reserve System
Set expectations and objectives, provide ongoing guidance, mentorship, and feedback, and assess staff performance
Oversee and provide intellectual leadership for the development and execution of policy projects and initiatives
Contribute individually to policy briefings for senior leadership on issues related to current monetary policy considerations, longer-term economic and financial developments, and other Bank priorities
Maintain a strong individual research program leading to publications in high-quality finance and economics academic journals
In collaboration with peers, lead department initiatives, create and sustain a collegial culture, and further the Chicago Fed’s commitment to excellence in research and policy
Your Background:
Have a PhD in economics, finance, or a related field and significant post-PhD work experience
Have a significant record of research success in financial economics, as demonstrated by publications in high-quality academic journals
Have a significant record of conducting in-depth, policy-related analysis.
Experience leading projects and/or people highly desirable
Work Location:
This position will be based in our Chicago office and is in-person Tuesday – Thursday.
What we offer:
Comprehensive benefits package includes medical, dental, vision, prescription drug coverage, 401k savings plan, retirement plan, paid time off, transit benefit, onsite gym and subsidized cafeteria
Requirements:
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.
We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, marital status, disability, gender, gender identity or expression, or veteran status.
Full Time / Part Time
Full time
Regular / Temporary
Regular
Job Exempt (Yes / No)
Yes
Job Category
Executive
Work Shift
First (United States of America)
The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. 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.
Key responsibilities include:
Manage a team who works on a wide range of topics in financial economics and insurance, who contribute to policy analysis both at the Chicago Fed and the Federal Reserve System
Set expectations and objectives, provide ongoing guidance, mentorship, and feedback, and assess staff performance
Oversee and provide intellectual leadership for the development and execution of policy projects and initiatives
Contribute individually to policy briefings for senior leadership on issues related to current monetary policy considerations, longer-term economic and financial developments, and other Bank priorities
Maintain a strong individual research program leading to publications in high-quality finance and economics academic journals
In collaboration with peers, lead department initiatives, create and sustain a collegial culture, and further the Chicago Fed’s commitment to excellence in research and policy
Your Background:
Have a PhD in economics, finance, or a related field and significant post-PhD work experience
Have a significant record of research success in financial economics, as demonstrated by publications in high-quality academic journals
Have a significant record of conducting in-depth, policy-related analysis.
Experience leading projects and/or people highly desirable
Work Location:
This position will be based in our Chicago office and is in-person Tuesday – Thursday.
What we offer:
Comprehensive benefits package includes medical, dental, vision, prescription drug coverage, 401k savings plan, retirement plan, paid time off, transit benefit, onsite gym and subsidized cafeteria
Requirements:
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.
We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, marital status, disability, gender, gender identity or expression, or veteran status.
Full Time / Part Time
Full time
Regular / Temporary
Regular
Job Exempt (Yes / No)
Yes
Job Category
Executive
Work Shift
First (United States of America)
The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. 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.
About the Organization
The Chicago Fed is, first and foremost, an organization devoted to serving the public good. We are committed to fostering economic opportunity by advancing a healthy, inclusive economy and promoting a trusted financial system. We serve the Seventh District, an economically and demographically diverse region made up of Iowa and most of Illinois, Indiana, Michigan, and Wisconsin. As a part of the Federal Reserve System—the United States’ central bank—we contribute to the creation of national monetary policy, supervise and regulate banking organizations, and provide financial services to banks and similar institutions, as well as to the U.S. government.
Our District
Served by the Federal Reserve Bank of Chicago, the Seventh Federal Reserve District comprises Iowa and most of Illinois, Indiana, Michigan, and Wisconsin. Its largest metropolitan areas are Chicago, Detroit, Indianapolis, Milwaukee, and Grand Rapids. More than 35 million people lived in the District as of 2021.
Vision
A healthy, stable, and inclusive economy and financial system for our region and nation, where all have the opportunity to thrive.
Mission
The fundamental mission of the Federal Reserve System is to foster the stability, integrity, and efficiency of the nation's monetary, financial, and payment systems so as to promote optimal macroeconomic performance. To this end, the Federal Reserve Bank of Chicago participates in the formulation and implementation of national monetary policy, supervises and regulates designated financial institutions, and provides financial services to depository institutions and the U.S. government.
Values
Integrity
We are honest, fair, courageous, and independent in our work.
Respect
We value diverse people and perspectives, empowering each other to advance our mission.
Responsibility
We work to honor our commitments and hold ourselves accountable.
Excellence
We strive in our work to deliver the best results for the public we serve.
Our District
Served by the Federal Reserve Bank of Chicago, the Seventh Federal Reserve District comprises Iowa and most of Illinois, Indiana, Michigan, and Wisconsin. Its largest metropolitan areas are Chicago, Detroit, Indianapolis, Milwaukee, and Grand Rapids. More than 35 million people lived in the District as of 2021.
Vision
A healthy, stable, and inclusive economy and financial system for our region and nation, where all have the opportunity to thrive.
Mission
The fundamental mission of the Federal Reserve System is to foster the stability, integrity, and efficiency of the nation's monetary, financial, and payment systems so as to promote optimal macroeconomic performance. To this end, the Federal Reserve Bank of Chicago participates in the formulation and implementation of national monetary policy, supervises and regulates designated financial institutions, and provides financial services to depository institutions and the U.S. government.
Values
Integrity
We are honest, fair, courageous, and independent in our work.
Respect
We value diverse people and perspectives, empowering each other to advance our mission.
Responsibility
We work to honor our commitments and hold ourselves accountable.
Excellence
We strive in our work to deliver the best results for the public we serve.
For Additional Questions
Job ID
ID: J15768