Work in Illinois Jobs

Illinois Job Link Logo

Job Information

Federal Reserve Bank Assistant Vice President - Policy Studies in Chicago, Illinois

Assistant Vice President – Policy Studies

The Federal Reserve Bank of Chicago is seeking candidates for an Assistant Vice President role to lead our Policy Studies team in our Community Development and Policy Studies (CDPS) area. The individual in this position will lead and develop research and analysis to advance CDPS’s strategies for creating opportunity and improving economic outcomes for low and moderate income people and communities, particularly in Illinois, Indiana, Iowa, Michigan and Wisconsin.


Community Development and Policy Studies is part of the Research, Policy and Public Engagement department of the Federal Reserve Bank of Chicago. CDPS includes community development experts with backgrounds in economics, finance, urban planning, law, bank regulation and other fields who work together to increase opportunity and economic inclusion through rigorous original research and collaboration with a range of public and private organizations. They do this by influencing public policy, publishing original research on policy and practice, convening diverse stakeholders to address current and emerging challenges, and helping to bring development and investment opportunities to underserved communities. Through analysis and stakeholder outreach, CDPS also provides insights about low and moderate income individuals and communities to Federal Reserve monetary policy and regulatory policy deliberations. The Policy Studies team researches and analyzes topics related to community and economic development, such as (but not limited to): racial/ethnic, gender, or other disparities in housing, lending, or labor markets; place-based policies; economic mobility; income inequality; mortgage markets; consumer financial products and regulation; household balance sheet decisions; federal, state, and local tax and spending policies and their effect on low- and moderate-income households and neighborhoods.

Job Summary

You will report to the Vice President of CDPS and lead a group of approximately ten researchers and research support staff. You will work in collaboration with the CDPS management team to implement the vision and strategy for CDPS’s work, evaluate its effectiveness, and periodically adapt it as appropriate.


  • Lead development of research and analysis to advance the strategic direction for CDPS, formulating strategies and aligning Policy Studies team to achieve goals
  • Build strong relationships with external partners and other Reserve Bank and Federal Reserve System business lines to effectively carry out the work of Policy Studies
  • Effectively communicate the work of Policy Studies to external and Reserve Bank audiences to build support and maximize impact
  • Brief senior officials on policy issues related to Policy Studies’ work
  • Provide staff with active mentorship, ongoing coaching, specific direction, and opportunities for professional growth
  • Create and maintain a collaborative, inclusive, and effective work environment, including supporting Bank and Department Diversity, Equity, and Inclusion initiatives

Your Background

  • You have published original research in an area related to community development
  • You have successfully applied the research literature to develop evidence-based frameworks for policy and/or for practical solutions to community development challenges
  • You are skilled at collaborating with diverse colleagues to create and deliver community development strategies
  • You have demonstrated leadership qualities and ability to influence
  • You have a proven ability to manage and deliver on multiple, complex projects and initiatives within prescribed deadlines
  • You are a strong communicator who is able to reach diverse audiences
  • You are an inclusive leader who appreciates diverse backgrounds and perspectives
  • You have at least 7 years work experience
  • You have an advanced degree in economics, finance, public policy, or a related social science.

What we offer

  • Comprehensive benefits package include medical, dental, vision, prescription drug coverage, 401k savings plan, retirement plan, paid time off, transit benefit, onsite gym and subsidized cafeteria
  • A continuous learning environment with opportunities to gain new skills and grow your career


  • 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
  • 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.

/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./

Organization: *Federal Reserve Bank of Chicago

Title: Assistant Vice President - Policy Studies

Location: IL-Chicago

Requisition ID: 268289