Assistant Vice President - Research Administration (Administrative)

Company

Federal Reserve Bank of Minneapolis

The Minneapolis Fed's Research Division has a long history of producing top-tier academic and policy research on a wide range of issues related to the mission of the Federal Reserve System.  First and foremost, the Research Division prepares analysis in support of the Bank President's participation in Federal Open Market Committee meetings and other public engagements.  In addition, staff engage in academic research related to strategic Bank initiatives, including monetary policy, banking regulation, debt crises, inequality, education, and minimum wage, among others.  For more than 50 years, the Division has had a strong partnership with the University of Minnesota.  More than 100 research and policy economists, research analysts and assistants, local and national research consultants, visiting scholars from around the world, and a highly trained professional staff comprise the Research Division. The Research Division has a strong commitment to DE&I to create a welcoming working environment and, more generally, an economy that works for all.

The Assistant Vice President (AVP) works with Senior Management, program leaders, and support staff to achieve Research Division strategic objectives.  In this role, you will have direct responsibility for Research Division day-to-day operations and management of the budget.  In addition, you will provide oversight to the extensive programming of research activities of the Division, including the coordination of Consultant and Visiting Scholar programs and organization of research events.  To be successful in this role, you must demonstrate strong understanding of compliance frameworks; critical thinking and analytical capabilities; knowledge of procurement best practices and budget management skills; relationship management and team leadership abilities; and service focus. Experience in information technology, data management, or an academic environment is preferred.  The AVP reports to the Research Vice President & Administrative Officer.

General Responsibilities:

Lead or serve as the primary management point of contact for strategic Division initiatives and/or projects.

Collaborate with a variety of stakeholders within the Bank, across the Federal Reserve System, and with external partners, to support the creation of high-quality research and the mission of the Bank. 

Ensure compliance with all applicable Division, Bank, and System policies, procedures, and controls to provide the highest level of public confidence and operational integrity.

Administer Bank policies for areas of responsibility; ensure policies remain current; seek interpretation and clarification where necessary.  Identify process improvement opportunities and implement them.

Promote an environment in which all employees feel they belong and can contribute to the Bank's work.  Model and develop an organizational culture that encourages strong employee engagement, fosters a diverse workplace, and reduce barriers to productive work.

Represent the Bank through leadership positions at the Bank and Federal Reserve System level, including contributing to key System functions and initiatives; consider actions within the System that are relevant to the Bank and Division, and work with Division leaders and staff to translate ideas into concrete action plans.

Position-Specific Responsibilities:

Manage a highly engaged team of 16 professional subject matter experts who provide program, analytical, technology, and administrative support to researchers.  Facilitate open communications with staff and manage performance and professional development.

Manage Division budget and finance activities, including budget planning, forecasting, monitoring and compliance, in order to achieve financial goals.

Provide oversight to the extensive programming activities of the Division, including:

• Coordinating staffing of the Research Analyst program
• Collaborating with business partners to develop contracts and maintain relationships with contracted scholars
• Advising on planning for an ongoing calendar of conferences, seminars, and other events

Maintain and build the relationship between the Research Division and the University of Minnesota Economics Department through effective communication and collaboration.

Coordinate tracking and reporting of the activities of the Division to the Bank and Board of Governors.

Qualifications:

Bachelor's degree.  Additional education beyond a bachelor's degree preferred.

Ten years of progressively more responsible related professional experience with five or more years of leading teams and managing people.  Ability to motivate, develop, and lead a diverse team through collaboration and consensus and promote a culture of service, accountability, and innovation. Experience successfully driving change through collaboration and matrix management.

Experience successfully managing an operational area within a business, including responsibility for accounting and finance, operations management, compliance, and talent management.

Experience providing administrative and academic support to researchers (e.g., technology, data, publications, administration) in a university department or similar setting strongly preferred.

Excellent writing and presentation skills.  Demonstrated performance implementing strategic plans.  Strategic and critical thinker with the analytical skills necessary to evaluate, organize, and direct complex projects and programs.

Commitment to promoting diversity and inclusion, including in hiring, retention, vendor selection, or other programmatic initiatives.

Highly developed interpersonal skills with the ability to relate and communicate at all levels. Exceptional customer-service orientation with the ability to influence across the organization. 

Demonstrated ability to manage and make decisions considering changing priorities.

Discretion and sensitivity in handling confidential, varied, and complex issues.

Onsite work is an essential function of this position, and you are expected to be in the office at least 4 days per week for meetings and team collaboration.

This position requires access to confidential supervisory information (CSI) and/or Federal Open Market Committee (FOMC) information.  Access to CSI and FOMC information is limited to U.S. citizens, lawful permanent residents, individuals who meet the definition of “protected individual” under 8 U.S.C. § 1324b(a)(3), and certain other nonimmigrants.  Candidates who are not U.S. citizens must sign a declaration of intent to expeditiously become a U.S. citizen when eligible.

Our total rewards program offers benefits that are the best fit for you at every stage of your career:

• Comprehensive healthcare options (Medical, Dental, and Vision)
• 401(k) match, and a fully-funded pension plan
• Paid time off and holidays
• Free public transportation passes
• Annual educational assistance
• On-site fitness facility
• Professional development programs, training and conferences
• And more…

The Minneapolis Fed is committed to developing a diverse workforce and providing an inclusive environment where all employees are respected and valued.  We believe that we can foster development opportunities for all and reach our full potential by recognizing the unique experiences and identities of each of our colleagues.  From economists to cash specialists, we work together to represent you in our economy.

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Executive Family Group

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.

Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.

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