Assistant Director, Advanced Foreign Economies and Emerging Market Economies Sections

DescriptionI.    JOB SPECIFIC DUTIES AND RESPONSIBILITIES: 1)    Reporting to the deputy associate director, the assistant director oversees the activities of the Advanced Foreign Economies (AFE) and Emerging Market Economies (EME) sections. Provides leadership and support to the section chiefs in managing section resources to address the ongoing needs of the division and to assure high-quality completion of section responsibilities and critical work demands.2)    Provides intellectual leadership for analysis, forecasts, and research on advanced foreign economies and emerging market economies and their implications for the US and the global economy that affect international payments, foreign exchange markets, and U.S. economic activity and policy.3)    Contributes to the Board- and FOMC-related responsibilities of the division; maintains an active research agenda, including on policy-relevant topics; and supports the research activities of section staff and other members of the division. Participates in the Division’s program of longer-term research, including authoring and publishing research papers 4)    Briefs the Chair, individual Board Members, and the full Board on economic, financial, and external developments in global markets and policy issues, as required.5)    Supports the division’s strategic research topics and management priorities; champions division-wide programs such as diversity, equity & inclusion, and employee engagement.6)    Actively coaches and mentors the next generation of talent and promotes good contingency and succession planning.  7)    Builds strong working relationships with colleagues in partner divisions at the Board. Fosters a diverse and inclusive work environment.8)    Represents the division, the Board, or the System, on committees or in meetings with other divisions, the Reserve Banks, other agencies, international meetings, professional conferences, or other outside groups.II.    DIVISION SPECIFIC REQUIREMENTS:Oversees and guides the AFE and EME sections and is responsible for the day-to-day operations. With deputy associate director and associate director, provides leadership and direction to economists and research assistants on current policy analysis and original economic research. Ensures that high-quality information and services are provided to the division and to enable division leadership to make informed decisions.  The individual is a broad conceptual thinker with a practical orientation and an ability to translate complex concepts into applied advice and practice. The individual has strong analytical and problem-solving skills, excellent written and oral communications skills, and excellent management and leadership abilities. As an officer in the IF division, the individual would promote the division’s model of leadership—within the division and across the Board—focused on maximizing the contribution, development, and accountability of all staff in the division.  Additionally, as an officer, the individual would facilitate the strongest contributions of others by distributing authority, responsibility, and decision-making widely, providing feedback, encouraging initiative and creativity, giving others broad discretion for how to best carry out their jobs, and then holding them accountable for performing at a high level.  Much of the work of IF is conducted by teams of staff.  As a result, it is critical for officers in IF to promote close and effective working relationships among staff working together as a team.  As part of this, officers must act in a way that builds trust and puts the needs and goals of the Board and the division first.  In particular, it is essential for officers to foster a work environment that allows staff in their lines and across the division to reach their full potential.  Some key examples of the types of behaviors that officers in IF should demonstrate in this area include:Big Picture Orientation•    Takes a broad view of the external environment; makes connections and devises forward-looking strategies and insights.•    Creates short- and long-term strategies in the service of the public interest based on the missions and external environments of the division and the Board.•    Shifts strategic direction in anticipation of, or in response to, changes in technology, management practices, Board or government policies, or other external events.•    Develops insightful analysis, strategies, plans, and tactics that span his/her area of specialty.•    Demonstrates innovation and thought leadership in developing policy and institutional solutions.•    Demonstrates strong leadership and management skills aligned to the Board’s values.•    Keeps skills and knowledge current and aligned to state-of-the-art tools and practices in the relevant areas as well as technical, political, and social trends that affect the organization.•    Understands near-term and long-term needs for the organization and determines how operations should be positioned to meet such needs.•    Encourages others to broaden their expertise in response to new data, policies, and regulations.One-Board Focus•    Works with others to achieve the best outcomes for Board-wide objectives.•    Consistently seeks the views of Board and System staff involved in complementary or overlapping efforts to solve key problems across the Board and System and works to reduce duplication of effort.•    Is open-minded towards others’ views, even while disagreeing.Manages and Develops Talent•    Builds individual and team capabilities and holds staff accountable for their performance and development.•    Ensures staff is frequently and accurately evaluated on their performance.•    Provides ongoing feedback to develop the skills and potential of others.•    Develops successors and a talent pipeline for key positions.•    Uses the Board’s people management and development programs to enhance employees’ performance.Experience, Judgment, and Execution•    Influences others by demonstrating sound judgment resulting in effective outcomes.•    Demonstrates self-awareness of the limits of his/her expertise; knows when and how to leverage the experience and expertise of others.•    Creates and maintains an environment in which others can deliver insightful analyses and practical solutions that advance the Board’s strategic priorities.•    Elicits alternative points of view from others and reconciles differences to achieve optimal outcomes.•    Holds self and others accountable to accomplish results in a timely manner with the highest quality execution.Advances Diversity & Inclusion•    Holds self and others accountable for creating an inclusive workplace; actively supports the Board’s diversity efforts.Employment is also contingent upon meeting the Board’s requirements for accessing information relevant to the job and the completion and satisfactory adjudication of relevant background investigations.  Position offers a hybrid work environment with opportunities to both telework and work onsite. Notable onsite presence will be required. Some travel (25%) internationally and within the United States is required. Relocation assistance is available.III.    KNOWLEDGE/SKILL/EDUCATION REQUIREMENTS:  1)    A Ph.D. in economics, finance or related field is required. 2)    Minimum of 8 years of professional experience in economics or finance related fields generally required after receiving advanced degree. 3)    Minimum of 2 years of successful people-management experience.  Additional experience managing people is strongly preferred. 4)    Demonstrated success in conducting research and leading teams of research professionals. Substantial knowledge of international, monetary, and financial economics.  In particular, it is desirable to have a track record of research and policy-relevant analysis in some or all of the following areas: •    Monetary and fiscal policy•    Foreign exchange markets•    International payments•    Spillovers•    Investment and productivity•    Financial crises•    Forecasting techniques  5)    Strategic thinker with demonstrated strong project execution and project management capabilities, analytical skills, political savvy, and conflict mediation skills. 6)    Demonstrated experience and commitment to fostering collaboration, employee engagement, and a diverse and inclusive work environment.7)    Ability to lead and manage staff and projects effectively, set priorities, assess performance, guide staff development, and make budgetary recommendations. 8)    Ability to balance competing interests among a variety of clients and readily readjust priorities to respond to pressing and changing client demands.  Must be able to anticipate and meet the clients’ needs while maintaining high-quality end products.  9)    Exceptional organization savvy and agility as demonstrated by ability to manage across organizational boundaries, building high performing teams, diminishing organizational silos, strengthening teams, and facilitating effective group and team dynamics. 10)    Requires the ability to communicate effectively, both orally and in writing, with all levels of staff and management. IV.    OFFICER SPECIFIC POSITION RESPONSIBILITIES:  1)    Acts as responsible steward to the function(s), Division, and Board by demonstrating proficiency in the Board’s espoused competencies.2)    Balances and mitigates key organizational and functional risks where appropriate and develops and executes sustainable risk mitigation strategies.3)    Fosters continuous learning culture.4)    Exercises appropriate judgment and decision-making in complex situations.5)    Demonstrates innovation and thought leadership relevant to future-state organizational and functional people strategies.6)    Demonstrates strong leadership and management skills aligned to the Board’s espoused values.7)    Keeps skills and knowledge current and aligned to best practices relative to key rules, regulations, and policies, as well as economic, political, and social trends that affect the organization. Understands near-term and long-term needs for the organization and determines how operations should be positioned to meet such needs.8)    Demonstrates proficiency in political savvy, organizational savvy, and interpersonal communication skills. V.    BOARD COMPETENCIES:1)    Decision Quality:  Makes timely, thoughtful, strategic decisions2)    Learning Agility:  Takes responsibility for building organizational agility 3)    Drive for Excellence:  Delivers results by developing shared vision and direction for the organization 4)    Perspective and Strategic Agility:  Leads and acts with the future in mind5)    Collaborative Relationships:  Sets the tone for collaborative organization6)    Effective Communication:  Effectively speaks and acts on behalf of the BoardVI.    PERSONAL RELATIONSHIPS:1)    Has regular contact with all staff in the function(s) to stay connected to the pulse of the division, provide leadership, and act as a role model.2)    Has frequent contact with senior staff and other professionals in the division, elsewhere at the Board, and the Reserve Banks regarding matters pertaining to area(s) of responsibility.3)    Has frequent contact with members of the Board, both in discussions and through memoranda, regarding matters pertaining to area(s) of responsibility.4)    Has frequent contact with individuals from other federal agencies, foreign central banks, international organizations, and in the private sector regarding the subject matters in area(s) of responsibilities.VII.    INTERNAL MANAGEMENT RESPONSIBILITIES:1)    Provides guidance, coaching, and feedback to, and conducts performance reviews for managers and other direct reports and ensures same is provided to all function staff.2)    Responsible for accomplishing approved program objectives for area(s) of responsibility within the financial and personnel resources allocated by the Board and the division's senior management. 3)    Participates in the development of the division’s strategic plan, goals, and budget. Recommends program objectives and their priorities for area(s) of responsibility.4)    Recommends personnel actions involving promotions, reclassifications, merit increases, and reassignments or separations in area(s) of responsibility. VIII.    POSITION DEMANDS:1)    Ability to exercise independent and sound judgment in establishing objectives for assigned area(s) of responsibility that provide support and services for the divisions and Board’s missions.  2)    Ability to translate customer service and organizational development theories and best practices into effective strategies for adoption in area(s) of responsibility to achieve and maintain high levels of customer service.3)    Ability to communicate effectively, both orally and in writing, to the Board and individual members thereof, senior Board staff, other Board and Reserve Bank staff: and staff at other government agencies and in the private sector on complex and technical matters.4)    Ability to be an effective spokesperson and advocate for the Board and the division in outside contacts, which may involve significant business dealings. 5)    Ability to operate under pressure to meet deadlines accurately and in a timely manner.Job Type: StandardEmployee Status: Regular