Senior Vice President & Director, Real Time Data Research Center

About this role

Company Federal Reserve Bank of Philadelphia

The Federal Reserve Bank of Philadelphia (the Philadelphia Fed) is one of 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., comprise the Federal Reserve System (System). Founded by Congress in 1913, the Federal Reserve System serves as the central bank of the United States. The Philadelphia Fed (3rd District) serves eastern and central Pennsylvania, southern New Jersey, and Delaware. Its mission is to formulate and implement monetary policy, supervise banks, bank holding companies, savings and loan holding companies, provide financial services to depository institutions and the federal government, and promote consumer protection and community development.

The Philadelphia Fed’s Research Department (Department) plays an important role within the System and has a long-standing reputation as a thought leader, innovator and influencer of monetary policy, informed by distinguished research, insights and analysis. The Department conducts research on a wide range of economic topics (macroeconomics, labor, finance, banking, and regional), produces analysis used in regional and national policy discussions, and conducts surveys to get timely pulse readings of the economy, including the Manufacturing Business Outlook Survey and the Survey of Professional Forecasters (which is the oldest quarterly survey of macroeconomic forecasts in the United States). It serves as a System leader in data analytics and governance and high‑performance computing. The Consumer Finance Institute (CFI), an innovative and unique cross-disciplinary team, sits within the Department portfolio and analyzes how people earn, spend, save, and invest, as well as how credit markets and payment systems affect the economy. Financial Statistics, which gathers and disseminates information from financial institutions, is also part of the Department portfolio.

Job Description: The Real   Time Data   Research   Center   is a source of knowledge and   expertise   about real-time macroeconomic data, surveys of macroeconomic forecasts, and macroeconomic modeling.   Housed within the Philadelphia Fed’s Research Department, t he Center produces   macroeconometric   analyses and collects and   maintains   a variety of data sets of   value to macroeconomists and monetary policymakers. Our mission is to be the global source of economic research around real-time data, macroeconomic forecast surveys, and macroeconomic modeling,   providing   valuable insights to be drawn from that research for monetary policymaking . Learn more about the purposes and functions of the Real   Time Data Research Center   here .       T he   Senior Vice President (SVP) & Director of the Real   Time Data   Research   Center   leads   the Center’s full portfolio of activities. This includes   macroeconomic surveys, data collection, forecasting,   workshops,   and conferences.   The SVP   sets   strategic   vision,   provides guidance and development to   the Center’s   staff, ensures   the   integrity   and visibility of its products, and strengthens partnerships with academic and central bank researchers .   As a member   of the Research Department’s Leadership Team,   the SVP will advance department initiatives   and   contribute to its positive culture .   Running a   division   within   the Research Department,   the SVP   is central to advancing the mission of the Center , providing strong leadership   as well as   developing   its talent .       To succeed in this role,   the ideal candidate   must   demonstrate   exceptional executive ‑ level leadership and   possess   a   strong   understanding of   macroeconomic research, real ‑ time data, and advanced econometric techniques .   They must be able to set and execute a vision for a complex   portfolio of real time data,   leveraging   advanced models ; oversee high ‑ visibility macroeconomic surveys,   and   data collection efforts ;   and ensure the accuracy, integrity, and relevance of the Center’s economic products. Success requires strong analytical judgment, the ability to guide sophisticated   data -gathering and analysis   efforts , and the capacity to communicate insights clearly to senior   leaders,   policymakers   and external stakeholders. The candidate must build effective relationships,   collaborate with fellow leaders,   promote the Center’s work internally and externally, and provide thoughtful guidance   and coaching   to staff while managing evolving priorities and delivering results under tight deadlines.       The salary range for this position is: $ 249 ,5 00   - $ 383,900 . Final salary and offer will be   determined   by the applicant's background,   experience   and skills, as well as internal equity and alignment with market data.       K ey Responsibilities     The scope of the role includes, but is not limited to:  

Strategic   Leadership   

• Advance the strategic vision   and plan   for the Real   Time Data   Research   Center   through collaboration within the Department and Bank.  

• Maintain and evolve the Center’s portfolio of products to   continuously   meet the mission of being a global   source of data for economic research.   

• Oversee macroeconomic surveys, real ‑ time ‑ data collection,   and   forecasting activities , ensuring alignment with the   mission and needs of stakeholders.   

• Ensure the quality, integrity, and visibility of the Center’s products .  

Department   Management  

• Provide   strategic   guidance   to the Center’s   management team ,   evaluate performance, set   expectations,   cascad e   information, and ensur e   clarity around   objectives .   

• Serve as a coach and   mentor,   for   the Center’s staff   as well as the Research Department.   

Communication   & Relationship Management  

• Coordinate Center activities with other sections of the Research Department   and the Bank .  

• Ensure   the   C enter’s   products reach a variety of audiences

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