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Assistant Director Money Market Analysis

Company name
Board of Governors of the Federal Reserve System

Location
Washington Navy Yard, DC

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I. JOB SPECIFIC DUTIES AND RESPONSIBILITIES: 1) Oversees the activities of the Money Market Analysis (MMA) section, a team of approximately 30 professionals. Provides leadership to section chiefs in managing section resources to address the ongoing needs of the division and to assure high-quality resolutions of section responsibilities and critical work demands. 2) Oversees MMA data collections and the publication of the H.4.1 statistical release. Represents the Division, the Board, or the System as needed on matters of mutual concern related to these products. 3) Provides intellectual leadership on issues of money markets and monetary policy implementation, particularly in light of the post-crisis changes to the financial regulatory and economic environments. 4) Assists the chiefs in identifying topics and analysis relevant for senior officers and/or policymakers. Contributes to the successful delivery of high-quality, policy-relevant information to these groups. 5) Contributes to the Board- and FOMC-related responsibilities of the division; maintains an active research agenda, including on policy relevant topics; and supports the research activities of section staff and other members in the division. 6) Actively coaches and mentors the next generation of talent, and promotes good contingency and succession planning 7) Fosters engagement, information sharing, and collaboration among MMA staff and others across the division. Actively engages with the line officers in the division and of relevant sections in other divisions at the Board, as well as the FRBNYs Markets group and the Research and Statistics group on issues related to money markets and monetary policy implementation. Maintains strong working relationships with these groups. Oversees joint projects as requested. 8) Supports the divisions senior officers, Board members, and the FOMC, by providing information and analysis related to the MMA sections areas of expertise and by contributing to the strategic direction of the division and the achievement of its objectives and priorities. 9) Represents the Division, the Board, or the System as needed in interagency, central bank, or international agency meetings, professional conferences, Board committees and/or working groups, or with other internal or external contacts on matters relating to areas of expertise. II. DIVISION SPECIFIC REQUIREMENTS: Oversees and guides the Money Market Analysis (MMA) section in the production of high-quality research and analysis on the formulation and implementation of monetary policy as well as with respect to issues of money markets, banking, and macroeconomics. Collaborates with colleagues in the Federal Reserve Bank of New Yorks Markets Group concerning its operational work related to open market operations, and works with System staff on policy implementation projects. Oversees MMAs work related to reference rates and the production of the H.4.1 statistical release. The individual is a broad conceptual thinker with a practical orientation and an ability to translate complex economic concepts into applied policy advice and practice. The individual has strong analytical and problem-solving skills, excellent written and oral communications skills, and excellent management and leadership abilities, including a proven ability to work effectively with staff in a range of job families, to serve as a constructive member of an enterprise-wide leadership team, to formulate and execute plans, and to motivate and lead others to deliver results. The individual has a record of success in developing and mentoring staff. In addition, the following leadership competencies are strongly preferred: Big Picture Orientation Takes a broad view of the external environment; makes connections and devises forward-looking strategies and insights. Creates short- and long-term strategies in the service of the public interest based on the divisions and the Boards missions and external environments. Shifts strategic direction in anticipation of, or in response to, key economic or regulatory events. Develops insightful analysis, strategies, plans, and tactics that span his/her area of specialty. Demonstrates innovation and thought leadership in developing policy and institutional solutions. Demonstrates strong leadership and management skills aligned to the Boards values. Keeps skills and knowledge current and aligned to state-of-the-art economic research in the relevant areas as well as economic, political, and social trends that affect the organization. Understands near-term and long-term needs for the organization and determines how operations should be positioned to meet such needs. Encourages others to broaden their expertise in response to new data, policies, and regulations. One-Board Focus Works with others to achieve the best outcomes for Board-wide objectives. Consistently seeks the views of Board and System staff involved in complementary or overlapping efforts to solve key problems across the Board and System, and works to reduce duplication of effort. Is open-minded towards others views, even while disagreeing. Manages and Develops Talent Builds individual and team capabilities and holds staff accountable for their performance and development. Ensures staff is frequently and accurately evaluated on their performance. Provides ongoing feedback to develop the skills and potential of others. Develops successors and a talent pipeline for key positions. Uses the Boards people management and development programs to enhance employees performance. Experience, Judgment, and Execution Influences others by demonstrating sound judgment resulting in effective outcomes. Demonstrates self-awareness of the limits of his/her expertise; knows when and how to leverage the experience and expertise of others. Creates and maintains an environment in which others can deliver insightful analyses and practical solutions that advance the Boards strategic priorities. Elicits alternative points of view from others and reconciles differences to achieve optimal outcomes. Holds self and others accountable to accomplish results in a timely manner with the highest quality execution. Advances Diversity & Inclusion Holds self and others accountable for creating an inclusive workplace; actively supports the Boards diversity efforts. Employment is also contingent upon meeting the Boards requirements for accessing information relevant to the job and the completion and satisfactory adjudication of relevant background investigations. For Assistant Director III. KNOWLEDGE/SKILL/EDUCATION REQUIREMENTS: 1) Advanced degree in economics or finance, preferably a Ph.D. 2) Minimum of 8 years professional experience in economics- or finance-related fields generally required after receiving advanced degree. 3) At least 2 years of management experience preferred. 4) Substantial knowledge of monetary and financial economics. Desirable to have knowledge of statutory and regulatory framework for monetary policy; open market operations; money markets; and regulatory impact on the conduct of monetary policy. 5) Demonstrated success in conducting research and leading teams of research professionals. 6) Desirable to have experience with the management of published data. 7) Strategic thinker with demonstrated strong project execution and project management capabilities, analytical skills, political savvy, and conflict mediation skills. 8) Demonstrated experience and commitment to fostering collaboration and employee engagement. 9) Ability to lead and manage staff and projects effectively, set priorities, assess performance, guide staff development and make budgetary recommendations. 10) Ability to balance competing interests among a variety of clients and readily readjust priorities to respond to pressing and changing client demands. Must be able to anticipate and meet the clients needs while maintaining high-quality end products. 11) Exceptional organization savvy and agility as demonstrated by ability to manage across organizational boundaries, building high performing teams, diminishing organizational silos, strengthening teams, and facilitating effective group and team dynamics. 12) Requires the ability to communicate effectively, both orally and in writing, with all levels of staff and management. For Deputy Associate Director III. KNOWLEDGE/SKILL/EDUCATION REQUIREMENTS: 1) Advanced degree in economics or finance, preferably a Ph.D. 2) Minimum of 8 years professional experience in economics- or finance-related fields generally required after receiving advanced degree. 3) At least 2 years of officer or executive management experience preferred. 4) Substantial knowledge of monetary and financial economics. Desirable to have knowledge of statutory and regulatory framework for monetary policy; open market operations; money markets; and regulatory impact on the conduct of monetary policy. 5) Demonstrated success in conducting research and leading teams of research professionals. 6) Desirable to have experience with the management of published data. 7) Strategic thinker with demonstrated strong project execution and project management capabilities, analytical skills, political savvy, and conflict mediation skills. 8) Demonstrated experience and commitment to fostering collaboration and employee engagement. 9) Ability to lead and manage staff and projects effectively, set priorities, assess performance, guide staff development and make budgetary recommendations. 10) Ability to balance competing interests among a variety of clients and readily readjust priorities to respond to pressing and changing client demands. Must be able to anticipate and meet the clients needs while maintaining high-quality end products. 11) Exceptional organization savvy and agility as demonstrated by ability to manage across organizational boundaries, building high performing teams, diminishing organizational silos, strengthening teams, and facilitating effective group and team dynamics. 12) Requires the ability to communicate effectively, both orally and in writing, with all levels of staff and management. IV. OFFICER SPECIFIC POSITION RESPONSIBILITIES: 1) Acts as responsible steward to the function(s), Division, and Board by demonstrating proficiency in the Boards espoused competencies. 2) Balances and mitigates key organizational and functional risks where appropriate, and develops and executes sustainable risk mitigation strategies. 3) Fosters a continuous learning culture. 4) Exercises appropriate judgment and decision-making in complex situations. 5) Demonstrates innovation and thought leadership relevant to future-state organizational and functional people strategies. 6) Demonstrates strong leadership and management skills aligned to the Boards espoused values. 7) Keeps skills and knowledge current and aligned to best practices relative to key rules, regulations, and policies, as well as economic, political, and social trends that affect the organization. Understands near-term and long-term needs for the organization and determines how operations should be positioned to meet such needs. 8) Demonstrates proficiency in political savvy, organizational savvy, and interpersonal communication skills. V. BOARD COMPETENCIES: 1) Decision Quality: Makes timely, thoughtful, strategic decisions 2) Learning Agility: Takes responsibility for building organizational agility 3) Drive for Excellence: Delivers results by developing shared vision and direction for the organization 4) Perspective and Strategic Agility: Leads and acts with the future in mind 5) Collaborative Relationships: Sets the tone for collaborative organization 6) Effective Communication: Effectively speaks and acts on behalf of the Board VI. PERSONAL RELATIONSHIPS: 1) Has regular contact with all staff in the function(s) to stay connected to the pulse of the division, provide leadership, and act as a role model. 2) Has frequent contact with senior staff and other professionals in the division, elsewhere at the Board, and the Reserve Banks regarding matters pertaining to area(s) of responsibility. 3) Has frequent contact with members of the Board, both in discussions and through memoranda, regarding matters pertaining to area(s) of responsibility. 4) Has frequent contact with individuals from other federal agencies, international organizations, and in the private sector regarding the subject matters in area(s) of responsibilities. VII. INTERNAL MANAGEMENT RESPONSIBILITIES: 1) Provides guidance, coaching, and feedback to, and conducts performance reviews for managers and other direct reports, and ensures same is provided to all function staff. 2) Responsible for accomplishing approved program objectives for area(s) of responsibility within the financial and personnel resources allocated by the Board and the divisions senior management. 3) Participates in the development of the divisions strategic plan, goals, and budget. Recommends program objectives and their priorities for area(s) of responsibility. 4) Recommends personnel actions involving promotions, reclassifications, merit increases, and reassignments or separations in area(s) of responsibility. VIII. POSITION DEMANDS: 1) Ability to exercise independent and sound judgment in establishing objectives for assigned area(s) of responsibility that provide support and services for the divisions and Boards missions. 2) Ability to translate customer service and organizational development theories and best practices into effective strategies for adoption in area(s) of responsibility to achieve and maintain high levels of customer service. 3) Ability to communicate effectively, both orally and in writing, to the Board and individual members thereof, senior Board staff, other Board and Reserve Bank staff: and staff at other government agencies and in the private sector on complex and technical matters. 4) Ability to be an effective spokesperson and advocate for the Board and the division in outside contacts, which may involve significant business dealings. 5) Ability to operate under pressure to meet deadlines accurately and in a timely manner.

Job Type

Permanent

Job Reference

20795

Job ID

3980809

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Company info

Board of Governors of the Federal Reserve System
Website : http://www.federalreserve.gov

Company Profile
The Federal Reserve System uses advisory and working committees in carrying out its varied responsibilities. Two of these committees advise the Federal Reserve Board directly: the Federal Advisory Council, and the Community Depository Institutions Advisory Council. The Federal Advisory Council was established by law, and the Community Depository Institutions Advisory Council was created by the Federal Reserve Board.

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