JOE Listings (Job Openings for Economists)

February 1, 2019 - July 31, 2019

Federal Reserve Bank of Cleveland

Research
Vice President - Banking and Financial Stability Research

JOE ID Number: 2019-01_111462402
Date Posted: 02/26/2019
Position Title/Short Description
Title: Vice President - Banking and Financial Stability Research
Section: Full-Time Nonacademic
Location: Cleveland, Ohio, UNITED STATES
JEL Classifications:
E4 -- Money and Interest Rates
E5 -- Monetary Policy, Central Banking, and the Supply of Money and Credit
G1 -- General Financial Markets
G2 -- Financial Institutions and Services
Keywords:
Financial Stability, Banking
Full Text of JOE Listing:

Leadership Opportunity

Vice President – Banking and Financial Stability Research

The Federal Reserve Bank of Cleveland is seeking a Vice President to lead the Financial Stability and Banking Research Group. The successful candidate will have an established record of published research and will supervise a group of economists who engage in research on financial stability, banking and financial issues and who advise the Bank’s President on financial stability, banking, and monetary policy. This position reports directly to the Executive Vice President of Research and Community Development.

Specific expectations of the role include:
• Leading a team of economists in conducting high-quality academic research on banking and financial stability topics.
• Overseeing the development of the necessary expertise within staff required to inform policy decisions.
• Providing oversight for banking and financial stability briefings for the President in preparation for Federal Open Market Committee and other meetings.
• Collaborating with bank supervisors on policy topics regarding banking and financial stability.
• Extending networks within the Federal Reserve System, with other financial regulators, with academics, and practitioners in order to promote the Bank as a center of expertise on banking and financial stability.
• Providing leadership in organizing conferences, seminars, and other innovative programs.
• Representing the Bank and assuming leadership positions at the Federal Reserve System level, including developing, recommending, and implementing significant System initiatives, and participating in industry and professional organizations.
• Working collaboratively with the other officers of the Research Department to actively promote employee engagement and research productivity.

Critical Background and Capabilities

The successful candidate will have substantial experience in leading a group of PhDs in conducting high-quality academic research, providing policy advice, and an extensive publication record. A Ph.D. in economics or finance is required. A minimum of 5 years of management experience is highly desirable.
This position requires access to confidential supervisory information. Such access is limited to either:
(1) "Protected Individuals" as defined by the Immigration Reform and Control Act of 1986 (Protected Individuals include, but are not limited to, U.S. Citizens, U.S. Nationals, and lawful permanent resident aliens (also known as "green card holders") who intend to become U.S. citizens. Protected Individuals do not include (i) a permanent resident alien who fails to apply for naturalization within six months of the date the alien first becomes eligible to apply for naturalization and (ii) an alien who has applied on a timely basis, but has not been naturalized as a citizen within 2 years after the date of the application, unless the alien can establish that the alien is actively pursuing naturalization.); or
(2) individuals who qualify under the Board of Governors of the Federal Reserve System’s rules for access to confidential supervisory information.
If you are selected for an interview, you will be required to present documentation of your eligibility to access confidential supervisory information prior to the interview.

Qualifications:
• Proven ability to carry-out and publish research on financial and economic topics for publication in high-quality academic journals.
• Experience with a financial system regulatory/supervisory agency or substantive knowledge of financial markets and the banking industry, including knowledge of regulatory processes and banking laws and regulation preferred.
• Experience in successfully overseeing, managing, and directing a team of researchers.
• Demonstrated ability to develop productive and collaborative relationships at all levels of the organization. Strong interpersonal skills with experience in communicating concepts, messages, and key information to benefit the function, the Bank, and key stakeholders.
• Excellent oral and written communication skills.

To Apply

Please apply on-line and include a current CV, in pdf format, and a 5-7 page statement of qualifications, in pdf format, that outlines your qualifications in the following areas: leading the development and publication of high-quality academic research; understanding and assessing the risks to financial stability through research, risk analysis, tools, and models; integrating the analysis of bank supervisors and quantitative analysts with academic research and policy advice.

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

Application Requirements:
  • External Application Link
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