Principal Business Economist/Regional Policy Advisor

About the role

The Federal Reserve Bank of Chicago seeks a Principal Business Economist or Regional Policy Advisor to support monetary policy and outreach by gathering and sharing information about the regional economy and its key sub-geographies and sectors.

Responsibilities

• Gathers timely economic intelligence through planning and facilitating economic roundtables, contributing to survey programs, and conducting strategic calls, emails, and site visits with senior business leaders and key constituents.
• Participates in Advisory Council activities, including meeting facilitation, member engagement, and contributing to the application process for new members.
• Contributes to the preparation of the Seventh District’s section of the Beige Book, synthesizing anecdotal information from roundtables and surveys, and coordinating with other Reserve Banks.
• Prepares contact engagement summaries and sector-specific analysis for FOMC preparation materials.
• Delivers economic outlook presentations at conferences, industry events, and community forums.
• Serves as a subject matter expert on a sector of the regional economy or a local area.
• Conducts research on topics relevant to the district economy with the goal of publishing in specialized outlets and Chicago Fed publications and contributing regional economic content to the Chicago Fed website.
• Supports travel by Bank senior leadership by contributing ideas for engagement opportunities, preparing briefing documents, and participating in visits as needed.
• Mentors junior team members on economic analysis and engagement.

Requirements

• Graduate training in Economics, Agricultural Economics, or related field preferred.
• Minimum five years of experience in economic research, analysis, public policy, or related field.
• Demonstrated expertise in regional economic analysis, with specialization in one or more key sectors or geographies.
• Advanced knowledge of qualitative and quantitative research methods, economic survey design and analysis, and proficiency with statistical software.
• Strong understanding of the US economy, monetary policy, and the Federal Reserve System.
• Exceptional written and verbal communication skills with demonstrated ability to present complex economic information to diverse audiences including senior business leaders, policymakers, and the public.
• Prominent ability to build and maintain relationships with external parties including business leaders, government officials, and other constituents.
• Advanced project management and strategic planning capabilities.
• Demonstrated ability to work independently, set priorities, and manage multiple complex initiatives simultaneously.
• Experience with or interest in agricultural sectors, including crop production, dairy, livestock, or rural economies a plus.

Qualifications

• Applicants must be currently authorized to work in the United States without the need for visa sponsorship now or in the future.
• This position has additional screening requirements due to the information accessed while performing the job.
• 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.

Benefits

• Comprehensive benefits package including medical, dental, vision, prescription drug coverage, 401k savings plan, retirement plan, paid time off, transit benefit, onsite gym, and subsidized cafeteria.
• Opportunities to gain new skills and grow your career.
• Unique opportunity to contribute to monetary policy and work on issues of national and regional economic importance.

Pay

• Principal Business Economist: Between $196,700 and $232,700 annually in addition to annual performance-based discretionary bonuses.
• Regional Policy Advisor: Between $213,900 and $253,000 annually in addition to annual performance-based discretionary bonuses.

Schedule

• Full time.