Research Analyst I, Regional Analysis

Company

Federal Reserve Bank of Cleveland

The Federal Reserve Bank of Cleveland is part of the nation’s central bank and we’ve provided many opportunities for professional growth during our history.

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.

The Federal Reserve Bank of Cleveland serves the Fourth Federal Reserve District, which comprises Ohio, western Pennsylvania, eastern Kentucky, and the northern panhandle of West Virginia. It is one of 12 regional Reserve Banks that, together with the Board of Governors in Washington DC, make up the Federal Reserve System, the central bank of the United States.

The Bank’s mission is to foster the stability, integrity, and efficiency of the nation’s monetary, financial, and payments systems to promote optimal economic performance across the country and within the Fourth District.

Job Summary

The Research Department conducts policy analysis and provides long-term strategic thinking on issues related to monetary policy, the national economy, and the region. Research Analysts contribute to the Research Department by: (i) supporting the research and outreach of the Bank’s economists and officers, (ii) contributing to Bank publications, (iii) maintaining indicators on the Bank’s website, and (iv) supporting policy briefings for the Bank’s President (before meetings of the Federal Open Market Committee). This role will have a strong focus on the region’s economy.

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 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.

Essential Accountabilities

• Provide analytical and other assistance to support staff economists and officers in the production of articles, presentations, and public data products, and to support our internal policy process.
• Summarize discussions with local business leaders and other external contacts to assist in our monitoring of the region’s economic environment; manage and maintain the associated summaries and other critical meeting documents.
• Assist in the production of Beige Book, including monitoring industry conditions and overseeing the distribution of our survey to a network of external contacts.
• Maintain, update, and develop data sets and slide shows as needed.

Education and Experience

• Bachelor’s degree with emphasis in economics or a closely related field, such as public policy, finance, statistics, mathematics, or computer science. 
• Working knowledge of econometrics and/or statistics packages, such as Stata or R.
• Excellent oral and written communication skills, including the ability to conduct phone interviews and to clearly capture in writing conversations or discussions about the economic environment.
• Prior research experience in economics preferred. 

Application Requirements

• Resume
• Transcript
• Writing sample (related to economics, public policy, or finance) 
• Code sample

Physical Demands and General Working Conditions

Traditional office environment: Employees typically sit or stand most of the day, work with a computer and may answer/respond to phone calls. Physical movement consists of walking for meetings, breaks, etc. Ability to lift items weighing approximately 20 pounds on a limited basis is required. Employees may be required to travel by car/air.

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Economics/Research

Work Shift

First (Unit