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Job details

Community Development Analyst

Company

Federal Reserve Bank of Boston

As an employee of the Boston Fed, you will work to promote sound growth and financial stability in New England and the nation. You will contribute to communities, the region, and the nation by conducting economic research, participating in monetary policy-making, supervising certain financial institutions, providing financial services and payments, playing a leadership role in the payments industry, and supporting economic well-being in communities through a variety of efforts. The Boston Fed is one of 12 Reserve Banks and we serve all or parts of Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont. Our mission is accomplished through our Bank's values: diversity, equity and inclusion, innovation, integrity, and leadership.

This job is eligible for a hybrid schedule with some on-site work expected.

Job Summary

Boston Fed’s Regional & Community Outreach (RCO) department supports the Federal Reserve’s mission to promote sound growth and financial stability in New England and the nation. We do this by engaging our diverse communities and the broader economic ecosystem to ensure full economic participation for people earning low and moderate incomes. This position is within RCO’s Strategic Engagement Team (SET), which is launching two bodies of work: (1) Supporting Boston Fed and the broader system in centering the opportunities and challenges for LMI in our design and planning for financial services systems and policies; (2) Creating a Solutions Accelerator to design and launch innovative tools for building and retaining wealth for all communities. As the Community Development Analyst, you will conduct data analysis, engage external partners and local communities, and produce content that informs changes in organizational practices, public policy, regulations, and systems that impact our communities. You will contribute to mission-critical work, learn from experts in the field, and interact with diverse and talented staff. This position provides a unique opportunity to work at the intersection of financial services, community & economic development, and technology.

Principal Accountabilities

Conduct targeted data analysis to propose new ideas or identify key risks or gaps in current thinking.
Create, clean, and format datasets for analyses (including but not limited to descriptive and inferential statistical analysis).
Catalog and incorporate data into analytical workflows. Perform quality checks.
Develop formal presentations and data-visualization content to inform internal decision making and communicate key findings to external audiences.
Support the convening of key stakeholders to share ideas, inform key decisions, and mobilize action.
Build and lead effective partnerships among internal and external stakeholders to implement solutions, track results, and remain responsive to market feedback.
Work with community development staff at other Federal Reserve Banks to inform one another and collaborate on joint efforts (when appropriate).

Other Accountabilities

Develop expertise with the payments industry and apply that knowledge into developing data insights that will be critical to decision-making.
Develop expertise with the economic development field in New England and work to understand what data analysis may be most useful to practitioners working on issues in low- and moderate-income communities.
Support the SET unit and the broader department with additional data, research, and insights as needed.

Supervision

Not required to supervise other staff.

Knowledge and Experience

Knowledge and experience typically acquired through a Bachelor’s degree in public policy, finance, economics, or related field from an accredited academic institution or 5 years of experience working as an analyst or program manager in a related field.

Passion and commitment for public service that makes a meaningful difference in the lives of low- and moderate-income communities;
Strong organizational and project management skills
Strong ability to research, draft, propose, execute, and adapt project strategies to address complex problems
Experience analyzing complex and varied qualitative and quantitative information to make strategic proposals and inform key decisions, including descriptive and inferential statistics; ability to prepare data for analysis and workflows; familiarity with data visualization.
Demonstrated ability to work effectively and build partnerships with diverse stakeholders, including research institutions, non-profits, foundations, government, and the private sector, as well as with individuals at all levels of an organization; and
Ability to speak and write effectively, including communicating complicated issues in an easily understood manner, and the ability to translate research into accessible information to practitioners and the general public;

The Regional & Community Outreach Department collaborates actively with regional stakeholders and across internal functions. As such, we require in-office or in-field work a minimum of 8 days per month for this position.

The Federal Reserve Bank of Boston is committed to a diverse and inclusive workplace and to provide equal employment opportunities to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, or military service.

All employees assigned to this position 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 and level of work required of this position. They are not intended to be an exhaustive list of all duties, responsibilities or skills 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.

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

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.

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Federal Reserve Bank of Boston Glassdoor Company Review

3.8

Federal Reserve Bank of Boston DE&I Review

No rating

CEO of Federal Reserve Bank of Boston

Susan M. Collins

Approve of CEO

By Federal Reserve Bank of Boston

We promote sound growth and financial stability in New England and the Nation. We contribute to local communities, the region, and the nation through high-quality research, supervisory oversight, and financial services, and through our commitment ...

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FUNDING

Public

INDUSTRY

Banking & Lending

TEAM SIZE

1001-5000

LOCATION

Hybrid, based in Boston, MA

DATE POSTED