Federal Reserve Board of Governors
Chief, Monetary Policy Operations and Analysis - Monetary Affairs (Finance)
A strong understanding of post-crisis regulatory and supervisory developments as well as the intersection of Federal Reserve tools of monetary policy implementation and money market dynamics would be beneficial, as well as demonstrated success in people and project management
The Chief, Monetary Policy Operations and Analysis:
1. Formulates and implements extensive programs of current and policy analysis along with the oversight of the monetary policy tools under the Board's authority.
2. Identifies, attracts, and develops a high-performance and diverse team with varied backgrounds, skills in order to advance the mission of the Board.
3. Provides leadership in terms of strategy, coordination, and implementation necessary to facilitate the operationalization of monetary policy tools under the Board's authority.
4. Ensures the quality and timeliness of the section's output meet division and Board requirements. Ensures compliance with Board policies and procedures, such as those for salary administration, EEO, procurement, and employee leave.
5. Oversees the section's information processing budget involving hardware, programming, and purchased machine resources. Independently identifies and implements improvements to related policies and procedures.
6. Provides technical advice and policy judgment to professional colleagues and senior management officials on current analysis and policy analysis. Represents the division in a liaison role to other areas of the Federal Reserve System, including Board or System committees, and represents the Board with outside groups in the public or private sectors.
Position requirements:
This position requires professional knowledge equivalent to completion of a master's degree in economics, finance, public policy or a related discipline and six years of experience. The position requires exceptional skills in strategic thinking, coordination, and communication, both oral and written. Demonstrated managerial skills in directing staff, setting priorities, and assessing staff performance is a plus.
Must be able to be cleared for access to the highest level of FOMC information.
In addition, the following capabilities are required
1. Demonstrated ability to effectively lead and manage both people and projects, including forming and communicating a vision of success, gaining stakeholder buy-in, setting priorities, and assessing performance and holding staff accountable. Experience developing talent and making resource and budgetary decisions a plus.
2. Demonstrated excellence in communicating effectively both orally and in writing, including about complex topics with staff of all levels and job families and with external audiences.
3. Demonstrated experience and commitment to fostering collaboration and engagement.
and the following capabilities are desired:*
1. Experience with banks' balance sheets and knowledge of recent regulatory developments is beneficial.
2. Experience providing oversight for a component of the implementation of monetary policy or oversight for a similarly large and important program in the private or official sectors.
3. Knowledge of money markets and some perspective on the interaction between central bank policies and operations on financial institution behavior and market functioning.
4. Experience in the production and management of statistical releases or published data.
5. Experience with the Federal Agency rulemaking process, or similar work in the official sector.
6. Knowledge of the U.S. payment system.
*Candidates who do not have experience in all these areas but have demonstrated successes in several of these areas are encouraged to apply.
Remarks:
For candidates selected at salary grade FR-31, qualifications include a Ph.D. in economics and a minimum of four years of progressively more responsible experience, including development of a robust research agenda broadly aligned with topics relevant to monetary policy implementation issues.