Large

The Federal Reserve Bank of Philadelphia helps formulate and implement monetary policy, supervises banks and bank holding companies, and provides financial services to depository institutions and the federal government.

One of the 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System, the Philadelphia Federal Reserve Bank serves eastern Pennsylvania, southern New Jersey, and Delaware.

Follow us on Twitter: @philadelphiafed

Finance

Federal Reserve Bank of Philadelphia

You should have a PhD (or expect to defend by summer 2024), a solid publication record, and be eligible for access to confidential supervisory information. Hybrid on-site work is required.

You will develop a research agenda on consumer credit, fixed income, and bank risks while leading data management initiatives and providing expertise in supervisory efforts.

Research & Development

Banking & Finance

Philadelphia

Company Federal Reserve Bank of Philadelphia Job Description Summary 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: The Federal Reserve Bank of Philadelphia is seeking to fill a Financial Economist or Senior Financial Economist position in the Risk Assessment, Data Analysis and Research (RADAR) group of the Supervision, Regulation, and Credit (SRC) Department. RADAR provides leadership and expertise to the Federal Reserve System on the supervision and regulation of large banking organizations in the areas of retail credit risk and fixed income, with particular emphasis on quantitative risk analysis. RADAR is the leader in several important System initiatives, such as the stress testing exercises Dodd Frank Stress Test (DFAST) and Comprehensive Capital Assessment and Review (CCAR), the Term Asset Backed Securities Loan Facility (TALF) and the Municipal Liquidity Facility (MLF). RADAR also manages the largest collection anywhere of data on U.S. consumer finance, real estate, fixed income securities markets, and climate risk. Lastly, RADAR has been growing a team of research economists that produces high-quality work in the department’s areas of expertise. The group’s resources and strong ties with other research units in the Bank as well as with other Reserve Banks and the Fed Board provide an excellent platform for both early-career and experienced researchers to develop and realize their research agenda. What You Will Do: The ideal candidate will have substantial opportunity to develop his/her own research agenda, preferably directed towards research on consumer credit, fixed income securities, lending and bank risks, real estate, climate risk, and regulatory policies pertaining to these matters. This individual will also serve as a subject matter expert in these areas, lead initiatives supporting RADAR’s overall data management strategy, and participate in Department efforts to exert leadership in the supervisory community. What You Have: Applicants with a background in areas such as applied micro, econometrics, credit risk, household finance, fixed income, real estate economics, financial institutions, banking supervision are preferred. The ideal applicants will have a completed PhD or a firm expectation of defending their PhD by summer 2024. The Financial Economist position is aimed at early-career researchers. The Senior Financial Economist position is aimed at seasoned researchers with an established publication record in top finance and economics journals. Additional Information: 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 permanent resident and a U.S. citizen and meet other eligibility requirements. In addition, all candidates must undergo an applicable 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. To be considered for the position, please submit a resume and cover letter. The salary grade for this position is: 16/17. We offer a great benefits package that features: * Medical (4 options), Prescription, Dental (3 options), and Vision Insurance with no waiting period * 401k/Thrift Plan with generous employer match * Employer-funded Pension Plan * Paid Vacation/Sick Time & Holidays * Monthly $100 Commuter Allowance * Flexible Spending Accounts and Healthcare Spending Accounts * Flexible Work Schedule available in most departments * Life Insurance and Long Term Disability Insurance * Tuition Reimbursement (undergraduate and graduate) * Parental Leave * Free onsite 24/7 Fitness Center including training classes, Peloton bikes and locker room / shower facilities * Onsite Cafeteria & Coffee Shop * Additional Convenience Benefits, Discounts and More… Additional Information: * The Federal Reserve Bank of Philadelphia takes your information privacy seriously. Federal Reserve Bank of Philadelphia staff will only email you from the “@phil.frb.org” domain or through the Workday system “rb@myworkday.com”. If you are initially contacted by phone, feel free to request that the caller provide you with their email address to validate their identity. If you have any questions about the validity of someone who contacts you regarding this position, please email the Talent Acquisition team at TalentAcquisition@phil.frb.org. * The Federal Reserve Bank of Philadelphia believes that diversity, equity and inclusion among our employees is essential to our success as an organization, and we want to recruit, develop and retain the most accomplished people from a diverse candidate pool. To support a workplace culture of belonging, we offer eight employee resource groups (ERGs) and a 100 percent rating on the Human Rights Campaign (HRC) Corporate Equality Index. The Federal Reserve Bank of Philadelphia is proud to be an equal opportunity workplace. * We have eight employee resource groups (ERGs) to support a diverse workforce. Abilities (supporting disabilities and allies), African Heritage, Asian-Pacific, Freedom (supporting LQBTQ+ and allies), Talent Forward (supporting career growth), Women United, Working Families and Veterans. ERGs are open to all employees. * We will ensure that individuals with disabilities are provided reasonable accommodations to participate in the job application or interview process, to perform essential job responsibilities, and to receive other benefits and privileges of employment. * All Federal Reserve Bank of Philadelphia employees must comply with the Bank's ethics rules, which generally prohibit employees, their spouses/domestic partners, and minor children from owning securities, such as stock, of banks or savings associations or their affiliates, such as bank holding companies and savings and loan holding companies. If you or your spouse/domestic partner or minor child own such securities and would not be willing or able to divest them if you accepted an offer of Bank employment, you should raise this issue with the Recruiter for this posting, who can provide you contact information for our ethics officer if necessary. You should review the Bank's Employee Code of Conduct to ensure compliance with conflict of interest rules and personal investment restrictions. * Background investigations and drug testing are required for all new hires as a condition of employment, after the job offer is made. Candidates for positions deemed as "safety sensitive" will also be screened for the presence of marijuana. Employment may not begin until the Bank accepts the results of the background investigation. * All employees will be subject to FBI fingerprint / criminal background and Patriot Act/ Office of Foreign Assets Control (OFAC) watch list checks at least once every five years. * The above statements are intended to describe the general nature, level of work and the requirements of this position. They are not intended to be an exhaustive list of all responsibilities associated with this position or the personnel so classified. While this job description is intended to be an accurate reflection of this position, management reserves the right to revise this or any job description at its discretion at any time. * This is not a 100% remote opportunity. You will be available to work on-site in at least a hybrid capacity. * Learn more about the Philly Fed and its culture. Learn more about working for the Philly Fed. Full Time / Part Time Full time Regular / Temporary Regular Job Exempt (Yes / No) Yes Job Category Economics/Research Family Group Work Shift First (United States of America) The Federal Reserve Banks believe 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 Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences. Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels. Privacy Notice

CompanyFederal Reserve Bank of PhiladelphiaJob Description SummaryThe 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:The Federal Reserve Bank of Philadelphia is seeking to fill a Financial Economist or Senior Financial Economist position in the Risk Assessment, Data Analysis and Research (RADAR) group of the Supervision, Regulation, and Credit (SRC) Department.RADAR provides leadership and expertise to the Federal Reserve System on the supervision and regulation of large banking organizations in the areas of retail credit risk and fixed income, with particular emphasis on quantitative risk analysis. RADAR is the leader in several important System initiatives, such as the stress testing exercises Dodd Frank Stress Test (DFAST) and Comprehensive Capital Assessment and Review (CCAR), the Term Asset Backed Securities Loan Facility (TALF) and the Municipal Liquidity Facility (MLF). RADAR also manages the largest collection anywhere of data on U.S. consumer finance, real estate, fixed income securities markets, and climate risk. Lastly, RADAR has been growing a team of research economists that produces high-quality work in the department’s areas of expertise. The group’s resources and strong ties with other research units in the Bank as well as with other Reserve Banks and the Fed Board provide an excellent platform for both early-career and experienced researchers to develop and realize their research agenda.What You Will Do:The ideal candidate will have substantial opportunity to develop his/her own research agenda, preferably directed towards research on consumer credit, fixed income securities, lending and bank risks, real estate, climate risk, and regulatory policies pertaining to these matters. This individual will also serve as a subject matter expert in these areas, lead initiatives supporting RADAR’s overall data management strategy, and participate in Department efforts to exert leadership in the supervisory community.What You Have:Applicants with a background in areas such as applied micro, econometrics, credit risk, household finance, fixed income, real estate economics, financial institutions, banking supervision are preferred. The ideal applicants will have a completed PhD or a firm expectation of defending their PhD by summer 2024. The Financial Economist position is aimed at early-career researchers. The Senior Financial Economist position is aimed at seasoned researchers with an established publication record in top finance and economics journals.Additional Information: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 permanent resident and a U.S. citizen and meet other eligibility requirements. In addition, all candidates must undergo an applicable 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.To be considered for the position, please submit a resume and cover letter.The salary grade for this position is: 16/17.We offer a great benefits package that features: * Medical (4 options), Prescription, Dental (3 options), and Vision Insurance with no waiting period * 401k/Thrift Plan with generous employer match * Employer-funded Pension Plan * Paid Vacation/Sick Time & Holidays * Monthly $100 Commuter Allowance * Flexible Spending Accounts and Healthcare Spending Accounts * Flexible Work Schedule available in most departments * Life Insurance and Long Term Disability Insurance * Tuition Reimbursement (undergraduate and graduate) * Parental Leave * Free onsite 24/7 Fitness Center including training classes, Peloton bikes and locker room / shower facilities * Onsite Cafeteria & Coffee Shop * Additional Convenience Benefits, Discounts and More…      Additional Information: * The Federal Reserve Bank of Philadelphia takes your information privacy seriously. Federal Reserve Bank of Philadelphia staff will only email you from the “@phil.frb.org” domain or through the Workday system “rb@myworkday.com”. If you are initially contacted by phone, feel free to request that the caller provide you with their email address to validate their identity. If you have any questions about the validity of someone who contacts you regarding this position, please email the Talent Acquisition team at TalentAcquisition@phil.frb.org. * The Federal Reserve Bank of Philadelphia believes that diversity, equity and inclusion among our employees is essential to our success as an organization, and we want to recruit, develop and retain the most accomplished people from a diverse candidate pool. To support a workplace culture of belonging, we offer eight employee resource groups (ERGs) and a 100 percent rating on the Human Rights Campaign (HRC) Corporate Equality Index. The Federal Reserve Bank of Philadelphia is proud to be an equal opportunity workplace. * We have eight employee resource groups (ERGs) to support a diverse workforce. Abilities (supporting disabilities and allies), African Heritage, Asian-Pacific, Freedom (supporting LQBTQ+ and allies), Talent Forward (supporting career growth), Women United, Working Families and Veterans. ERGs are open to all employees. * We will ensure that individuals with disabilities are provided reasonable accommodations to participate in the job application or interview process, to perform essential job responsibilities, and to receive other benefits and privileges of employment. * All Federal Reserve Bank of Philadelphia employees must comply with the Bank's ethics rules, which generally prohibit employees, their spouses/domestic partners, and minor children from owning securities, such as stock, of banks or savings associations or their affiliates, such as bank holding companies and savings and loan holding companies. If you or your spouse/domestic partner or minor child own such securities and would not be willing or able to divest them if you accepted an offer of Bank employment, you should raise this issue with the Recruiter for this posting, who can provide you contact information for our ethics officer if necessary. You should review the Bank's Employee Code of Conduct to ensure compliance with conflict of interest rules and personal investment restrictions. * Background investigations and drug testing are required for all new hires as a condition of employment, after the job offer is made. Candidates for positions deemed as "safety sensitive" will also be screened for the presence of marijuana. Employment may not begin until the Bank accepts the results of the background investigation. * All employees will be subject to FBI fingerprint / criminal background and Patriot Act/ Office of Foreign Assets Control (OFAC) watch list checks at least once every five years. * The above statements are intended to describe the general nature, level of work and the requirements of this position. They are not intended to be an exhaustive list of all responsibilities associated with this position or the personnel so classified. While this job description is intended to be an accurate reflection of this position, management reserves the right to revise this or any job description at its discretion at any time. * This is not a 100% remote opportunity. You will be available to work on-site in at least a hybrid capacity. * Learn more about the Philly Fed and its culture. Learn more about working for the Philly Fed.      Full Time / Part TimeFull timeRegular / TemporaryRegularJob Exempt (Yes / No)YesJob CategoryEconomics/Research Family GroupWork ShiftFirst (United States of America)The Federal Reserve Banks believe 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 Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.Privacy Notice

Senior Financial Economist - Federal Reserve Bank of Philadelphia

&lt;strong&gt;Company&lt;br&gt;&lt;br&gt;&lt;/strong&gt;Federal Reserve Bank of Philadelphia&lt;br&gt;&lt;br&gt;&lt;strong&gt;Job Description Summary&lt;br&gt;&lt;br&gt;&lt;/strong&gt;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.&lt;br&gt;&lt;br&gt;&lt;strong&gt;Job Summary:&lt;br&gt;&lt;br&gt;&lt;/strong&gt;The Federal Reserve Bank of Philadelphia is seeking to fill a Financial Economist or Senior Financial Economist position in the Risk Assessment, Data Analysis and Research (RADAR) group of the Supervision, Regulation, and Credit (SRC) Department.&lt;br&gt;&lt;br&gt;RADAR provides leadership and expertise to the Federal Reserve System on the supervision and regulation of large banking organizations in the areas of retail credit risk and fixed income, with particular emphasis on quantitative risk analysis. RADAR is the leader in several important System initiatives, such as the stress testing exercises Dodd Frank Stress Test (DFAST) and Comprehensive Capital Assessment and Review (CCAR), the Term Asset Backed Securities Loan Facility (TALF) and the Municipal Liquidity Facility (MLF). RADAR also manages the largest collection anywhere of data on U.S. consumer finance, real estate, fixed income securities markets, and climate risk. Lastly, RADAR has been growing a team of research economists that produces high-quality work in the department’s areas of expertise. The group’s resources and strong ties with other research units in the Bank as well as with other Reserve Banks and the Fed Board provide an excellent platform for both early-career and experienced researchers to develop and realize their research agenda.&lt;br&gt;&lt;br&gt;&lt;strong&gt;What You Will Do:&lt;br&gt;&lt;br&gt;&lt;/strong&gt;The ideal candidate will have substantial opportunity to develop his/her own research agenda, preferably directed towards research on consumer credit, fixed income securities, lending and bank risks, real estate, climate risk, and regulatory policies pertaining to these matters. This individual will also serve as a subject matter expert in these areas, lead initiatives supporting RADAR’s overall data management strategy, and participate in Department efforts to exert leadership in the supervisory community.&lt;br&gt;&lt;br&gt;&lt;strong&gt;What You Have:&lt;br&gt;&lt;br&gt;&lt;/strong&gt;Applicants with a background in areas such as applied micro, econometrics, credit risk, household finance, fixed income, real estate economics, financial institutions, banking supervision are preferred. The ideal applicants will have a completed PhD or a firm expectation of defending their PhD by summer 2024. The Financial Economist position is aimed at early-career researchers. The Senior Financial Economist position is aimed at seasoned researchers with an established publication record in top finance and economics journals.&lt;br&gt;&lt;br&gt;&lt;strong&gt;Additional Information:&lt;br&gt;&lt;br&gt;&lt;/strong&gt;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 permanent resident and a U.S. citizen and meet other eligibility requirements. In addition, all candidates must undergo an applicable 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.&lt;br&gt;&lt;br&gt;To be considered for the position, please submit a resume and cover letter.&lt;br&gt;&lt;br&gt;&lt;strong&gt;The &lt;/strong&gt;&lt;strong&gt;salary grade&lt;/strong&gt;&lt;strong&gt; for this position is: 16/17.&lt;br&gt;&lt;br&gt;&lt;/strong&gt;&lt;strong&gt;We offer a great benefits package that features:&lt;br&gt;&lt;br&gt;&lt;/strong&gt;&lt;ul&gt;&lt;li&gt;Medical (4 options), Prescription, Dental (3 options), and Vision Insurance with no waiting period&lt;/li&gt;&lt;li&gt;401k/Thrift Plan with generous employer match&lt;/li&gt;&lt;li&gt;Employer-funded Pension Plan&lt;/li&gt;&lt;li&gt;Paid Vacation/Sick Time &amp;amp; Holidays&lt;/li&gt;&lt;li&gt;Monthly $100 Commuter Allowance&lt;/li&gt;&lt;li&gt;Flexible Spending Accounts and Healthcare Spending Accounts&lt;/li&gt;&lt;li&gt;Flexible Work Schedule available in most departments&lt;/li&gt;&lt;li&gt;Life Insurance and Long Term Disability Insurance&lt;/li&gt;&lt;li&gt;Tuition Reimbursement (undergraduate and graduate)&lt;/li&gt;&lt;li&gt;Parental Leave&lt;/li&gt;&lt;li&gt;Free onsite 24/7 Fitness Center including training classes, Peloton bikes and locker room / shower facilities&lt;/li&gt;&lt;li&gt;Onsite Cafeteria &amp;amp; Coffee Shop&lt;/li&gt;&lt;li&gt;Additional Convenience Benefits, Discounts and More…&lt;br&gt;&lt;br&gt;&lt;/li&gt;&lt;/ul&gt;&lt;strong&gt;Additional Information:&lt;br&gt;&lt;br&gt;&lt;/strong&gt;&lt;ul&gt;&lt;li&gt;The Federal Reserve Bank of Philadelphia takes your information privacy seriously. Federal Reserve Bank of Philadelphia staff will only email you from the “@phil.frb.org” domain or through the Workday system “rb@myworkday.com”. If you are initially contacted by phone, feel free to request that the caller provide you with their email address to validate their identity. If you have any questions about the validity of someone who contacts you regarding this position, please email the Talent Acquisition team at TalentAcquisition@phil.frb.org.&lt;/li&gt;&lt;li&gt;The Federal Reserve Bank of Philadelphia believes that diversity, equity and inclusion among our employees is essential to our success as an organization, and we want to recruit, develop and retain the most accomplished people from a diverse candidate pool. To support a workplace culture of belonging, we offer eight employee resource groups (ERGs) and a 100 percent rating on the Human Rights Campaign (HRC) Corporate Equality Index. The Federal Reserve Bank of Philadelphia is proud to be an equal opportunity workplace.&lt;/li&gt;&lt;li&gt;We have eight employee resource groups (ERGs) to support a diverse workforce. Abilities (supporting disabilities and allies), African Heritage, Asian-Pacific, Freedom (supporting LQBTQ+ and allies), Talent Forward (supporting career growth), Women United, Working Families and Veterans. ERGs are open to all employees.&lt;/li&gt;&lt;li&gt;We will ensure that individuals with disabilities are provided reasonable accommodations to participate in the job application or interview process, to perform essential job responsibilities, and to receive other benefits and privileges of employment.&lt;/li&gt;&lt;li&gt;All Federal Reserve Bank of Philadelphia employees must comply with the Bank's ethics rules, which generally prohibit employees, their spouses/domestic partners, and minor children from owning securities, such as stock, of banks or savings associations or their affiliates, such as bank holding companies and savings and loan holding companies. If you or your spouse/domestic partner or minor child own such securities and would not be willing or able to divest them if you accepted an offer of Bank employment, you should raise this issue with the Recruiter for this posting, who can provide you contact information for our ethics officer if necessary. You should review the Bank's Employee Code of Conduct to ensure compliance with conflict of interest rules and personal investment restrictions.&lt;/li&gt;&lt;li&gt;Background investigations and drug testing are required for all new hires as a condition of employment, after the job offer is made. Candidates for positions deemed as "safety sensitive" will also be screened for the presence of marijuana. Employment may not begin until the Bank accepts the results of the background investigation.&lt;/li&gt;&lt;li&gt;All employees will be subject to FBI fingerprint / criminal background and Patriot Act/ Office of Foreign Assets Control (OFAC) watch list checks at least once every five years.&lt;/li&gt;&lt;li&gt;The above statements are intended to describe the general nature, level of work and the requirements of this position. They are not intended to be an exhaustive list of all responsibilities associated with this position or the personnel so classified. While this job description is intended to be an accurate reflection of this position, management reserves the right to revise this or any job description at its discretion at any time.&lt;/li&gt;&lt;li&gt;This is not a 100% remote opportunity. You will be available to work on-site in at least a hybrid capacity.&lt;/li&gt;&lt;li&gt;Learn more about the Philly Fed and its culture. Learn more about working for the Philly Fed.&lt;br&gt;&lt;br&gt;&lt;/li&gt;&lt;/ul&gt;&lt;strong&gt;Full Time / Part Time&lt;br&gt;&lt;br&gt;&lt;/strong&gt;Full time&lt;br&gt;&lt;br&gt;&lt;strong&gt;Regular / Temporary&lt;br&gt;&lt;br&gt;&lt;/strong&gt;Regular&lt;br&gt;&lt;br&gt;&lt;strong&gt;Job Exempt (Yes / No)&lt;br&gt;&lt;br&gt;&lt;/strong&gt;Yes&lt;br&gt;&lt;br&gt;&lt;strong&gt;Job Category&lt;br&gt;&lt;br&gt;&lt;/strong&gt;Economics/Research Family Group&lt;br&gt;&lt;br&gt;&lt;strong&gt;Work Shift&lt;br&gt;&lt;br&gt;&lt;/strong&gt;First (United States of America)&lt;br&gt;&lt;br&gt;&lt;em&gt;The Federal Reserve Banks believe 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 Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.&lt;br&gt;&lt;br&gt;&lt;/em&gt;Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.&lt;br&gt;&lt;br&gt;Privacy Notice

Senior Financial Economist

You must have a JD from an ABA school, PA bar membership, 5+ years of legal experience, strong analytical and communication skills, and be adaptable with a willingness to learn.

You will draft and review contracts, conduct legal research, provide compliance support, advise on policies, assist with investigations, and address transparency requests.

Government & Politics

Legal

Company Federal Reserve Bank of Philadelphia 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: You will support a five attorney in-house legal department with a variety of challenging legal work across several areas including contracts, banking, human resources, law enforcement, freedom of information requests, and compliance. You will perform legal analysis and research and prepare legal memoranda and contracts. You will perform complex tasks under guidance. You will report to the SVP & General Counsel. What You Will Do: * Draft, review and negotiate contracts and other legal instruments. * Conduct extensive legal research, give oral and written opinions, and make related recommendations. * Anticipate and guard against legal risks facing the Reserve Bank; work on complex problems and provide creative and compliant solutions; independently pursue action to achieve desired results. * Support the Reserve Bank’s robust ethics compliance program. * Research current and proposed laws and regulations and provide timely summaries of developments affecting the Federal Reserve System. * Help prepare operating policies and procedural improvements for the departments and functions within the Reserve Bank and provide practical advice and guidance to departments. * Help with information requests under the Reserve Bank’s Transparency and Accountability Policy. * Help with internal investigations under guidance. * Participate in additional responsibilities to support the Legal Department. What You Have: Position Requirements: * Juris Doctorate from an ABA accredited law school * Member in good standing of Pennsylvania bar * Minimum of 5 years of experience with a law firm, government or quasi-government agency; experience as in-house counsel strongly preferred * Excellent analytical, communication, research and writing skills with experience drafting legal documents * Experience with freedom of information-type policies, administrative law procedure and/or ethics compliance a plus. * Experience providing legal advice to all levels within an organization * Strong judgment, work ethic and ability to multi-task, prioritize and follow through on numerous projects simultaneously * Adaptable, interested in learning new skills, and willing to take on diverse responsibilities; demonstrate a willingness to become a subject matter expert in emerging areas of the law Education and Experience: * Minimum of five years of experience practicing Law. * Juris Doctorate degree from an ABA accredited law school is required. * Member in good standing of the Pennsylvania Bar. Other Requirements: * Participation in Federal Reserve System Workgroups as assigned. * Occasional travel required. The salary grade for this position is: 17. Final salary and offer will be determined by the applicant’s background, experience, and skills, and internal equity and alignment with market data. We offer a great benefits package that features: * Medical (4 options), Prescription, Dental (3 options), and Vision Insurance with no waiting period * 401k/Thrift Plan with generous employer match * Employer-funded Pension Plan * Paid Vacation/Sick Time & Holidays * Monthly $100 Commuter Allowance * Flexible Spending Accounts and Healthcare Spending Accounts * Flexible Work Schedule available in most departments * Life Insurance and Long Term Disability Insurance * Tuition Reimbursement (undergraduate and graduate) * Parental Leave * Free onsite 24/7 Fitness Center including training classes, Peloton bikes and locker room / shower facilities * Onsite Cafeteria & Coffee Shop * Additional Convenience Benefits, Discounts and More… Additional Information: * The Federal Reserve Bank of Philadelphia takes your information privacy seriously. Federal Reserve Bank of Philadelphia staff will only email you from the “@phil.frb.org” domain or through the Workday system “rb@myworkday.com”. If you are initially contacted by phone, feel free to request that the caller provide you with their email address to validate their identity. If you have any questions about the validity of someone who contacts you regarding this position, please email the Talent Acquisition team at TalentAcquisition@phil.frb.org. * The Federal Reserve Bank of Philadelphia believes that diversity, equity and inclusion among our employees is essential to our success as an organization, and we want to recruit, develop and retain the most accomplished people from a diverse candidate pool. To support a workplace culture of belonging, we offer nine employee resource groups (ERGs) and a 100 percent rating on the Human Rights Campaign (HRC) Corporate Equality Index. The Federal Reserve Bank of Philadelphia is proud to be an equal opportunity workplace. * We have nine employee resource groups (ERGs) to support a diverse workforce. Abilities (supporting disabilities and allies), African Heritage, Asian-Pacific, Freedom (supporting LQBTQ+ and allies), Talent Forward (supporting career growth), Women United, Latin and Hispanic Heritage, Working Families and Veterans. ERGs are open to all employees. * We will ensure that individuals with disabilities are provided reasonable accommodations to participate in the job application or interview process, to perform essential job responsibilities, and to receive other benefits and privileges of employment. If you need assistance or an accommodation due to a disability, please email us at TalentAcquisition@phil.frb.org. * All Federal Reserve Bank of Philadelphia employees must comply with the Bank's ethics rules, which generally prohibit employees, their spouses/domestic partners, and minor children from owning securities, such as stock, of banks or savings associations or their affiliates, such as bank holding companies and savings and loan holding companies. If you or your spouse/domestic partner or minor child own such securities and would not be willing or able to divest them if you accepted an offer of Bank employment, you should raise this issue with the Recruiter for this posting, who can provide you contact information for our ethics officer if necessary. You should review the Bank's Employee Code of Conduct to ensure compliance with conflict of interest rules and personal investment restrictions. * Background investigations and drug testing are required for all new hires as a condition of employment, after the job offer is made. Candidates for positions deemed as "safety sensitive" will also be screened for the presence of marijuana. Employment may not begin until the Bank accepts the results of the background investigation. * All employees will be subject to FBI fingerprint / criminal background and Patriot Act/ Office of Foreign Assets Control (OFAC) watch list checks at least once every five years. * Certain eligibility rules apply. You will provide work authorization to prove your eligibility to work in the United States. * The above statements are intended to describe the general nature, level of work and the requirements of this position. They are not intended to be an exhaustive list of all responsibilities associated with this position or the personnel so classified. While this job description is intended to be an accurate reflection of this position, management reserves the right to revise this or any job description at its discretion at any time. * This is NOT a 100% remote opportunity. You will be available to work on-site in at least a hybrid capacity. * Learn more about the Philly Fed and its culture. Learn more about working for the Philly Fed. Full Time / Part Time Full time Regular / Temporary Regular Job Exempt (Yes / No) Yes Job Category Legal Family Group Work Shift First (United States of America) The Federal Reserve Banks believe 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 Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences. Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels. Privacy Notice

CompanyFederal Reserve Bank of PhiladelphiaThe 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:You will support a five attorney in-house legal department with a variety of challenging legal work across several areas including contracts, banking, human resources, law enforcement, freedom of information requests, and compliance. You will perform legal analysis and research and prepare legal memoranda and contracts. You will perform complex tasks under guidance. You will report to the SVP & General Counsel.What You Will Do: * Draft, review and negotiate contracts and other legal instruments. * Conduct extensive legal research, give oral and written opinions, and make related recommendations. * Anticipate and guard against legal risks facing the Reserve Bank; work on complex problems and provide creative and compliant solutions; independently pursue action to achieve desired results. * Support the Reserve Bank’s robust ethics compliance program. * Research current and proposed laws and regulations and provide timely summaries of developments affecting the Federal Reserve System. * Help prepare operating policies and procedural improvements for the departments and functions within the Reserve Bank and provide practical advice and guidance to departments. * Help with information requests under the Reserve Bank’s Transparency and Accountability Policy. * Help with internal investigations under guidance. * Participate in additional responsibilities to support the Legal Department.      What You Have:Position Requirements: * Juris Doctorate from an ABA accredited law school * Member in good standing of Pennsylvania bar * Minimum of 5 years of experience with a law firm, government or quasi-government agency; experience as in-house counsel strongly preferred * Excellent analytical, communication, research and writing skills with experience drafting legal documents * Experience with freedom of information-type policies, administrative law procedure and/or ethics compliance a plus. * Experience providing legal advice to all levels within an organization * Strong judgment, work ethic and ability to multi-task, prioritize and follow through on numerous projects simultaneously * Adaptable, interested in learning new skills, and willing to take on diverse responsibilities; demonstrate a willingness to become a subject matter expert in emerging areas of the law      Education and Experience: * Minimum of five years of experience practicing Law. * Juris Doctorate degree from an ABA accredited law school is required. * Member in good standing of the Pennsylvania Bar.      Other Requirements: * Participation in Federal Reserve System Workgroups as assigned. * Occasional travel required.      The salary grade for this position is: 17. Final salary and offer will be determined by the applicant’s background, experience, and skills, and internal equity and alignment with market data.We offer a great benefits package that features: * Medical (4 options), Prescription, Dental (3 options), and Vision Insurance with no waiting period * 401k/Thrift Plan with generous employer match * Employer-funded Pension Plan * Paid Vacation/Sick Time & Holidays * Monthly $100 Commuter Allowance * Flexible Spending Accounts and Healthcare Spending Accounts * Flexible Work Schedule available in most departments * Life Insurance and Long Term Disability Insurance * Tuition Reimbursement (undergraduate and graduate) * Parental Leave * Free onsite 24/7 Fitness Center including training classes, Peloton bikes and locker room / shower facilities * Onsite Cafeteria & Coffee Shop * Additional Convenience Benefits, Discounts and More…      Additional Information: * The Federal Reserve Bank of Philadelphia takes your information privacy seriously. Federal Reserve Bank of Philadelphia staff will only email you from the “@phil.frb.org” domain or through the Workday system “rb@myworkday.com”. If you are initially contacted by phone, feel free to request that the caller provide you with their email address to validate their identity. If you have any questions about the validity of someone who contacts you regarding this position, please email the Talent Acquisition team at TalentAcquisition@phil.frb.org. * The Federal Reserve Bank of Philadelphia believes that diversity, equity and inclusion among our employees is essential to our success as an organization, and we want to recruit, develop and retain the most accomplished people from a diverse candidate pool. To support a workplace culture of belonging, we offer nine employee resource groups (ERGs) and a 100 percent rating on the Human Rights Campaign (HRC) Corporate Equality Index. The Federal Reserve Bank of Philadelphia is proud to be an equal opportunity workplace. * We have nine employee resource groups (ERGs) to support a diverse workforce. Abilities (supporting disabilities and allies), African Heritage, Asian-Pacific, Freedom (supporting LQBTQ+ and allies), Talent Forward (supporting career growth), Women United, Latin and Hispanic Heritage, Working Families and Veterans. ERGs are open to all employees. * We will ensure that individuals with disabilities are provided reasonable accommodations to participate in the job application or interview process, to perform essential job responsibilities, and to receive other benefits and privileges of employment. If you need assistance or an accommodation due to a disability, please email us at TalentAcquisition@phil.frb.org. * All Federal Reserve Bank of Philadelphia employees must comply with the Bank's ethics rules, which generally prohibit employees, their spouses/domestic partners, and minor children from owning securities, such as stock, of banks or savings associations or their affiliates, such as bank holding companies and savings and loan holding companies. If you or your spouse/domestic partner or minor child own such securities and would not be willing or able to divest them if you accepted an offer of Bank employment, you should raise this issue with the Recruiter for this posting, who can provide you contact information for our ethics officer if necessary. You should review the Bank's Employee Code of Conduct to ensure compliance with conflict of interest rules and personal investment restrictions. * Background investigations and drug testing are required for all new hires as a condition of employment, after the job offer is made. Candidates for positions deemed as "safety sensitive" will also be screened for the presence of marijuana. Employment may not begin until the Bank accepts the results of the background investigation. * All employees will be subject to FBI fingerprint / criminal background and Patriot Act/ Office of Foreign Assets Control (OFAC) watch list checks at least once every five years. * Certain eligibility rules apply. You will provide work authorization to prove your eligibility to work in the United States. * The above statements are intended to describe the general nature, level of work and the requirements of this position. They are not intended to be an exhaustive list of all responsibilities associated with this position or the personnel so classified. While this job description is intended to be an accurate reflection of this position, management reserves the right to revise this or any job description at its discretion at any time. * This is NOT a 100% remote opportunity. You will be available to work on-site in at least a hybrid capacity. * Learn more about the Philly Fed and its culture. Learn more about working for the Philly Fed.      Full Time / Part TimeFull timeRegular / TemporaryRegularJob Exempt (Yes / No)YesJob CategoryLegal Family GroupWork ShiftFirst (United States of America)The Federal Reserve Banks believe 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 Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.Privacy Notice

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