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  • Philadelphia, PA

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Community Development Research Analyst

Federal Reserve Bank of Philadelphia • Philadelphia, PA

Posted 7 days ago

Job Snapshot

Full-Time
Travel - Negligible
Banking - Financial Services
Research

Job Description

The Federal Reserve Bank of Philadelphia is one of the 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System. It helps formulate and implement monetary policy, supervises banks and bank and savings and loan holding companies, and provides financial services to depository institutions and the federal government. The Federal Reserve Bank of Philadelphia serves eastern and central Pennsylvania, southern New Jersey, and Delaware.

Job Summary:

Performs statistical and econometric analyses to support or prove the research initiated by the department researchers. Identifies, collects, and organizes data required for department research projects in community development, consumer credit and payments, and economic and personal financial education.  Initiates and conducts independent research projects for, and under the guidance of, the manager and department researchers.

Principal Duties and Responsibilities:

Conducts independent applied research using statistical and econometric analysis on personal computers; organizes data for analysis and writes computer programs using statistical software. Presents results of research to department researchers and management in oral and written communications.

Recommends, initiates, plans, and executes research projects under the guidance of manager and department researchers.  Coordinates research projects and directs activities of research assistants and other staff, as assigned.

Uses knowledge of data sources and data content to determine what source will provide the best data for a project; uses knowledge of the major software packages used in the department to determine which package will provide the best analysis of the data.  Writes programs to automate data collection procedures.  Cross-trains and assists other staff in the mastery of new software programs.

Designs databases for use in research projects in community development, consumer credit and payments, and economic and personal financial education. Writes documentation of data sources and statistical tests that have been performed on the data.

Collects data and interprets results from surveys.  Writes results for department's publications.  Coordinates the production of the publications, including providing html or pdf files for inclusion on Bank's external web site.

Keeps abreast of issues pertaining to community development, consumer credit and payments, economic and personal financial education, and the overall economy.  Reviews literature on research topics and may contact others doing similar research. Determines what information is relevant to the project and provides department researchers and management with summaries of findings, both orally and in writing.

Produces charts and graphs of variables in community development, consumer credit and payments, and economic and personal financial education for use in presentations and publications.

Works with substantial degree of independence on selected topics that promote a better understanding of low- and moderate-income people and communities.

May act as liaison to other departments in the Bank or throughout the Federal Reserve System to coordinate cross-functional initiatives related to community development, consumer credit and payments, and economic and personal financial education.

Works individually,or in a group, to identify, communicate, and implement changes and initiatives with the goal of improving the quality of the operation or product.

Fulfills job duties and responsibilities in conformance with sound safety practices.

Performs other related duties as assigned. 

Job Requirements

Education and Experience:

Bachelor's degree in economics, public policy, urban studies, planning, geography, finance, or statistics and 2 to 3 years' related experience. Master's degree preferred.

Knowledge and Skills:

Knowledge of and ability to apply economic theory and quantitative analysis techniques under the general supervision of department researchers.

Ability to use PC and standard software packages, including ArcGIS.

Ability to use PC statistical programs, such as SAS, SPSS, and STATA, to organize data into files and to perform advanced statistical and econometric analyses.

Knowledge of data in community development, consumer credit and payments, and economic and personal financial education and its sources. Ability to quickly find relevant data for research projects, speeches and presentation visuals.

Strong analytical and problem solving skills.

Strong organizational and planning skills.

Strong oral and written communication skills.

Physical Requirements:

Must be able to spend long hours working at a personal computer.

Other Requirements:

To be considered for the position, please upload or attach your cover letter and resume.

Applicants must be able to provide work authorization to prove their eligibility to work in the United States.

The Federal Reserve Bank of Philadelphia believes that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop, and retain the most talented people from a diverse candidate pool. The Federal Reserve Bank of Philadelphia is proud to be an equal opportunity workplace.

Job ID: 256231
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