The Federal Reserve Bank of Boston Sr Community Development Analyst- Improving Household Economic Security and Equity in Boston, Massachusetts

The Federal Reserve Bank of Boston’s Regional & Community Outreach (R&CO;) department is seeking a Senior Community Development Analyst to help us advance our efforts under our “Improving Household Economic Security and Equity” strategic area. As a department, our goal in this area is to conduct applied research, promote partnerships, engage stakeholders and inform policy to ensure that families have the tools, means and conditions to weather financial shocks and income volatility without major disruptions, meet their financial needs and save and invest to provide financial security for the future.

Senior professionals in R&CO; work collaboratively with internal and external stakeholders to identify and share promising approaches, engage policy makers and convene multiple sectors in designing solutions and a range of interventions that hold promise for systems change and have the potential to improve the lives of large numbers of low- and moderate-income residents. The Senior Community Development Analyst will have the opportunity to join a dynamic team to help shape the Household Economic Security and Equity emerging strategies. Over the long term, and as our strategies and our external environment changes, Senior Community Development Analysts are asked to collaborate on other projects that further support the goal of promoting economic growth in lower-income communities.

Principal activities include:

  • Help develop and inform strategies and interventions that advance priorities within Household Economic and Security strategic area.

  • Lead the department’s engagement efforts to reduce racial wealth inequality. This includes:

  • Monitor racial equity initiatives at the national and local level.

  • Identify opportunities to apply a racial equity lens to state or local policies.

  • Support a campaign that changes the public narrative on the causes and solutions to reducing the racial wealth gap, empowering communities of color and building effective partnerships with community organizations, policy-makers, influential leaders in the private sector, and other important stakeholders.

  • Collaborate with Corporate Communications in drafting articles and opinion pieces that can be featured in regional and national publications.

  • Continue to engage core members of the Racial Wealth Inequality Working Group.

  • Respond to inquiries for presentations on our work and research findings.

  • Leverage a wide variety of existing research and data, and also gather intelligence from experts in the field.

  • Collaborate with internal & external researchers in promoting and positioning new research for maximum impact.

  • Participate in meetings with potential funders.

  • Identify and manage consultants as needed.

  • Collaborate with outreach and research professionals in surfacing policy ideas and identifying engagement opportunities that promote small dollar savings and reduce overreliance in debt.

  • Potentially serve as liaison to the New England Children Savings Account consortium, representing the Boston Fed and identifying internal and external resources that can help the Consortium advance its goals and priorities.

  • Draft recommendations for appropriate roles for the Boston Fed and provide briefings to senior leadership as appropriate;

  • Represent the Bank before, and in discussions with, policymakers and stakeholders, serving as one of the Bank’s liaison in the area of household economic security and equity, including coordinating requests for technical assistance, data, thought-leadership and participation in related working groups or taskforces;

  • Prepare briefing papers, planning documents, and reports, and make oral presentations;

  • Answer requests for information and assistance from community groups, other regulators, community banks, and public agencies, either as directed or through knowledge of bank resources and/or relevant information;

  • Collaborate with community development staff at other Federal Reserve Banks on joint efforts.

Other Accountabilities: Perform other duties as assigned. Not required to supervise other staff.

Required qualifications:

  • Passion and commitment for public service that makes a meaningful difference in the lives of low- and moderate-income communities;

  • Knowledge of local, regional, state and national programs, stakeholders, and policies related to asset building.

  • Familiarity with racial equity frameworks.

  • Experience leading coalitions, managing taskforces or efforts to address complex problems with multiple stakeholders;

  • Strong ability to research, draft, propose, execute, and adapt strategies to address complex problems;

  • Excellent facilitation, engagement, and relationship-building skills;

  • Experience leveraging a wide variety of data, evidence, and tools--including programmatic data and legislative and policy ideas--when making decisions and recommendations;

  • Demonstrated ability to work effectively with diverse stakeholders, including non-profits, foundations, legislators, and the private sector, as well as with individuals at all levels of an organization;

  • Capable of project management or able to take on project responsibility with minimal supervision;

  • Ability to work independently, fueled by self-motivation and initiative, and to work as part of a team;

  • Ability to speak and write effectively, including communicating complicated policy issues in an easily understood manner, and the ability to translate research into accessible information to practitioners and the general public;

  • Strong presentation skills;

  • Ability to prioritize effectively; and

  • Knowledge and experience normally acquired through a Master's degree in public policy, administration, social science, education, or related field from an accredited college and/or a minimum of 7-10 years’ working experience.

Desirable qualifications:

  • Knowledge of local, regional, state and national community development programs, stakeholders, and policies;

  • Knowledge of other languages, such as Spanish and/or Portuguese would be a plus.

Primary Location: MA-Boston

Full-time / Part-time: Full-time

Employee Status: Regular

Overtime Status: Exempt

Job Type: Experienced

Travel: Yes, 5 % of the Time

Shift: Day Job

Req ID: 251121

Job Sensitivity: Tier II CC@Hire/No CC@Rescreen