Vice President – Community Development and Policy Studies

    Federal Reserve of Chicago
    October 2, 2020


    Federal Reserve Bank of Chicago

    Primary Location: Chicago, IL

    Full-time / Part-time: Full-time

    Employee Status: Regular

    Overtime Status: Exempt

    Job Type: Experienced

    Travel: Yes, 10 % of the Time

    Shift: Day Job

    Job Sensitivity Tier II - No Credit Check


    Vice President – Community Development and Policy Studies

    The Federal Reserve Bank of Chicago is seeking candidates for a Vice President role to lead our Community Development and Policy Studies (CDPS) area. The individual in this position will develop vision and strategy to ensure that CDPS creates opportunity and improves 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, the division also provides insights about low and moderate income individuals and communities to Federal Reserve monetary policy and regulatory policy deliberations.

    Job Summary

    You will report to the Executive Vice President of Economic Outreach and lead a group of approximately twenty community development professionals and researchers. You will develop a vision and a strategy for CDPS’s work, evaluate the latter’s effectiveness and periodically adapt it as appropriate.


    • Provide the vision for how CDPS will combine insights from original research and community engagement to increase opportunity and improve economic outcomes for low and moderate income people and communities in the 7th Federal Reserve District
    • Establish and periodically update the strategic direction for CDPS, ensuring that its initiatives address the most important issues and effectively serve stakeholders
    • Build strong relationships with external partners and other Reserve Bank business lines to effectively carry out the work of CDPS
    • Effectively communicate the work of CDPS to external and Reserve Bank audiences to build support and maximize impact
    • Brief senior officials on policy issues related to CDPS’s work
    • Provide staff with a clear vision, active mentorship, specific direction and opportunities for professional growth
    • Create and maintain a collaborative, inclusive and effective work environment.  

    Your Background

    • You are a demonstrated thought leader in an area related to community development
    • You have successfully used insights from the research literature to develop policy and/or implement practical solutions to community development challenges
    • You are skilled at collaborating with a diverse range of public and private organizations to create and deliver community development strategies
    • You have successfully led and developed teams(s) of professionals with diverse backgrounds and skills
    • 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 10 years work experience, including significant leadership experience
    • You have an advanced degree in a field relevant to community development, including economics, urban planning, finance, public policy or another 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.

    To apply, please click here.