Business Economist

Company

Federal Reserve Bank of Chicago

As a Business Economist at the Federal Reserve Bank of Chicago, you will utilize analytical skills to conduct current analysis and applied research on a wide range of economic topics and support the policy work of senior staff economists. You will provide written and oral commentary internally to senior management and others and externally to the general public. You are expected to manage your time with minimal supervision and meet tight deadlines. You will provide work direction and collaborate closely with others. This position does not have any direct reports.

Your Responsibilities:

• Prepare regular reports on the national and regional economies and analyze various issues as requested
• Stay abreast of economic developments and applied research on topics related to current business cycle and monetary policy conditions 
• Help create and manage presentations for senior management to deliver at Board of Directors meetings and external events
• Attend Board of Directors meetings and draft related commentary
• Assist as directed in staff preparation of the bank president for FOMC meetings  
• As directed, conduct applied research; communicate analysis to senior management and others; publish articles in Economic Perspectives, the Chicago Fed Letter, Chicago Fed Insights and business news publications
• Make presentations to the general public about the mission of the Federal Reserve and the state of the economy  
• Contribute to a highly collegial research environment, attend seminars, participate in interviewing prospective job candidates, train associate economists, and engage in other department management activities  
• Perform other duties as needed  

Your Background:

• Master's Degree in Economics or related field or Bachelor’s Degree in Economics or related field with additional experience  
• Minimum 3 years of experience
• The ideal candidate should be self-motivated; have excellent computer skills including but not limited to R and Python; possess an in-depth knowledge of economic data and statistics; exhibit strong analytical and problem-solving abilities; have excellent written and oral communication skills; and demonstrate strong organizational and planning skills with an ability to work efficiently to meet pressing deadlines.

Applicants should submit:

• Cover letter
• Resume
• Undergraduate and graduate transcripts (unofficial is acceptable)
• A list of three references
• Writing sample

What we Offer:

• The expected starting salary range for this position is between $140,200 and $165,900 annually in addition to annual performance-based discretionary bonuses. Final salary and offer will be determined based on the applicant’s relevant experience, skills, internal equity, and alignment with geographic and other market data.
• The Chicago Fed offers benefits to support overall health and financial security. Learn more about our benefits here: https://www.chicagofed.org/careers/thebenefits   
• A continuous learning environment with opportunities to gain new skills and grow your career.

                                               

Additional Requirements: 

• This is a hybrid position requiring a minimum of three days per week in office. 
• This position has additional screening requirements due to the information accessed while performing the job. These additional screenings would be initiated at the time of offer acceptance and can take approximately two months to be completed. The screening covers areas such as education/employment verification, criminal history, credit history, and reaches out to your references and people that know you well. 
• 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 U.S. citizen and meet other eligibility requirements. In addition, all candidates must undergo applicable background checks 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.
• As a condition of employment, Federal Reserve Bank of Chicago 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 official if necessary.

              

We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, marital status, disability, gender, gender identity or expression, or veteran status. 

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.

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