Federal Reserve Bank of Dallas

Position Title/Short Description

Full Text of JOE Listing:

The Organization:
The Federal Reserve Bank of Dallas is one of 12 Reserve Banks that, along with the Board of Governors in Washington, D.C., constitute the nation’s central bank. It is part of the Federal Reserve System, which was established by Congress in 1913 to provide the nation with a safer, more flexible, and more stable monetary system.

The Federal Reserve Bank of Dallas is located in Dallas, Texas, and has branch offices in Houston, San Antonio, and El Paso. The Bank represents the Eleventh Federal Reserve District, which includes Texas, northern Louisiana, and southern New Mexico. The Dallas Fed participates in setting national monetary policy, supervises numerous banking organizations, and provides a variety of payments services to financial institutions and the U.S. government.

A Federal Reserve Bank’s Research Department exists to produce economic research, policy analysis, and advice. The Research Department of the Federal Reserve Bank of Dallas has a mission to produce top‐tier academic research on a range of issues broadly related to the policy mission of the Federal Reserve. The department also produces policy analysis and advice to support the Bank President’s participation in Federal Open Market Committee (FOMC) meetings and other strategic bank policy initiatives. The Dallas Fed has a research staff of more than 60, including 25 research and policy economists, research analysts and assistants, local and national research consultants, visiting scholars from around the world, and a team of highly trained support staff.

The Role
Overview:
The new Senior Vice President & Director of Research will provide strategic direction and leadership for all research and policy priorities. He or she will inspire a group of outstanding economists and shape the vision of the department so that it excels at producing path‐breaking economic research. The Bank President and the Board of Directors are committed to building an enduring tradition of research and policy excellence at the Dallas Fed.

The Director of Research will build a culture of academic research excellence by fostering a superior research environment, as well as recruiting, developing, and retaining outstanding researchers.

The Director will build and harness the expertise within the department to make the Dallas Fed an influential voice within the FOMC, as well as in the broader public discussion on a wide range of economic policy issues facing the Federal Reserve and the nation.

In addition to these core responsibilities, the Director of Research will have the opportunity to pursue his or her own research agenda.

Key Responsibilities:
Advisor to the Bank President and Board of Directors

• Ensure the Research Department provides high‐quality economic policy advice and analysis to the President of the Bank.
• Support and lead high‐priority Bank policy initiatives.
• Assume responsibility for effective FOMC‐related support; attend FOMC meetings in Washington, D.C.
• Support the Bank’s Board of Directors in its policy‐related responsibilities.

Research Leadership and Administration

• Enhance and build a strong academic research tradition at the Dallas Fed by fostering the best possible research environment, and by recruiting, developing, and retaining outstanding research talent.
• Develop staff engagement in the Federal Reserve’s policy mission and maximize the extent to which superb academic work informs public policy, and policy issues stimulate and motivate exceptional academic research.

Strategic Leadership:
• Participate in the Bank’s Senior Management Committee.
• Be a leader within the Bank in vision, presence, and citizenship.
• Build connections with other Reserve Banks and the Federal Reserve Board to increase the Bank’s thought leadership within the Federal Reserve System.
• Represent and promote Dallas Fed research and policy ideas in the public arena.

Diversity and Inclusion:
• Actively support the Bank’s diversity agenda and hold himself/herself and others accountable for creating an inclusive workplace.
• Mentor and support staff to develop the next generation of Bank leaders.

The Person:
• Ph.D. in Economics with extensive knowledge of macroeconomics.
• Strong record of publication in academic journals.
• Deep interest in improving public policy and commitment to the mission of the Federal Reserve System.
• Excellent managerial skills and leadership experience.
• Proven ability to work collaboratively in business teams; strong interpersonal and relationship‐building skills.
• Strong written and oral communication skills.
• Experience in a policy environment, such as the Federal Reserve, U.S. Treasury Department, International Monetary Fund, or Council of Economic Advisors, strongly preferred.

Notes:
By Federal law, this position requires that candidates fall within one of the following citizenship categories: (1) U.S. citizen, (2) U.S. national, (3) U.S. permanent residents who are not yet eligible to apply for naturalization, or (4)
U.S. permanent residents who have applied for naturalization within six months of being eligible to do so.

The candidate selected will be required to pass a background and credit check.