Community Development Advisor

Community Development Advisor

The Federal Reserve Bank of Cleveland's mission is to foster the stability, integrity, and efficiency of the nation's monetary, financial, and payment systems while representing the Fourth District perspectives. As part of the nation's central bank, we are a team of mission-driven professionals who are committed to serving with excellence. Our core values are: Build Trust Every Day, Own Our Actions, Collaborate with Intention, and Be Open to Change. For twenty-seven years in a row, we've been named "One of Northeast Ohio's Best Places to Work" by North Coast 99. This prestigious award honors organizations with outstanding employment practices, including compensation, benefits, training, recruitment, retention, community services, and employee communications.

Serves as an expert for the District for Community Development. Uses strategic agility and quality decision making to support CD leadership in the development of a comprehensive strategy for CD topics, to include research, outreach, and other initiatives. Independently executes strategy and monitors, measures, and reports outcomes. Uses interpersonal savvy to foster strategic relationships with key stakeholders. Uses technical and intellectual skills to conduct high-level applied, practitioner- and policy-oriented research. Produces highly specialized and original research papers, articles, and reports on CD topics for Bank and System publications. Represents the Bank and CD function on District and System workgroups and projects. Maintains a high level of knowledge regarding research, best practices, and policy expertise of specified issues related to the CD field.

Essential Accountabilities

• Leads a select CD topic by helping to strategically plan and coordinate related research and outreach activities using effective and creative approaches to address Low to Moderate Income (LMI) issues.
• Effectively carries out project management; helps define project specifications/requirements, identifies resources, organizes teams, ensures project objectives conform to Bank and CD strategic plans, prioritizes work, assigns tasks, tracks progress, prepares status reports, manages deadlines, and measures outcomes. Tracks related core data indicators, policies, and regulations for District and nation on select CD topic.
• Participates in Federal Reserve System (FRS) initiatives and working groups.
• Executes research projects on select CD topic to assess LMI needs and issues within the District; includes primary and secondary data gathering, analysis/synthesis, and case studies. Supports activities to inform external stakeholders and Bank leadership, economists, and System counterparts on issues impacting LMI communities by writing and delivering effective professional presentations.
• Coordinates dissemination and use of results to prioritize the implementation of complementary activities (e.g. forums and educational series) throughout District using in-person and technology-based approaches.
• Fosters regular communications, high-level relationships, and effective collaboration among District and national practice, policy, research experts/leaders from think tanks, universities, nonprofit organizations, government agencies, foundations, trade associations, financial institutions, nonprofits, and other related organizations on select CD topic and serve as a critical knowledge broker. Serves on local/regional taskforces/project committees that align with District and FRS CD interests.
• Participates in substantive, hands-on collaborative CD projects in a part of the District annually and documents/publishes processes for potential duplication in other parts of the District/country.
• Conducts independent applied research and produces specialized and original data reports for the CED department's website, blogs, discussion papers, other printed material, and for external sources on CED issues.
• Serves as contributing editor for the CED department's quarterly publication and helps to recruit outside contributors to address critical topical issues for the District and nation.
• Participates in District FOMC and other Bank discussions related to select CED topic. Prepares and delivers sophisticated presentations on CED topics to internal and external stakeholders. Support the preparation of responses to outside inquiries and provides expert advice to Bank and System leadership and other departments as needed.
• Performs other duties as assigned or requested.

Education & Experience

• Bachelor's degree with a minimum of 7 years of related work experience or
• Master's degree with a minimum of 5 years of related work experience or
• PhD with a minimum of 3 years of related work experience

Knowledge Areas - Expert Level

• Community and economic development
• CD Specialization (housing/neighborhood stabilization, human capital, small business, or community development finance)

Skill Areas - Expert Level

• Planning and project management
• Written communications/presentation skills
• Descriptive statistics
• Microsoft Office Suite

This position can be located in Cleveland, OH, Columbus, OH, Cincinnati, OH or Pittsburgh, PA

The expected starting salary range for the Community Development Advisor is between $111,400 and $139,200 annually. Final salary and offer will be determined by the applicant's background, experience, skills, internal equity, and market data.

The Cleveland Fed offers benefits to support overall health and financial security. Learn more about our benefits here.

Physical Demands and General Working Conditions

This is not necessarily an exhaustive list of all responsibilities, duties, standards or requirements, efforts, skills or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, the Federal Reserve Bank of Cleveland reserves the right to revise this or any job description at any time.

Reasonable Accommodation Statement - The Federal Reserve Bank of Cleveland is committed to ensuring that individuals with disabilities are provided with reasonable accommodation to participate in the job application or interview process, perform essential job functions, and receive other benefits and privileges of employment. To request a reasonable accommodation for any part of the employment process, please send an email to View email address on click.appcast.io.

Bank's Ethics Rules and Drug Testing:

As a condition of employment, Federal Reserve Bank of Cleveland employees must comply with the Bank's ethics rules which generally prohibit employees, their spouses/domestic partners, and minor children from owning or controlling, directly or indirectly, any debt or equity interest in a depository institution or an affiliate of a depository institution. A "depository institution" means a bank, a trust company, or any institution that accepts deposits, including a bank chartered under the laws of a foreign country. In addition, employees (and their spouses/domestic partners, and minor children) may not own shares of mutual funds, unit investment trusts or ETFs that have a policy, as stated in the prospectus, of concentrating in the financial services industry and that have underlying investments in banks or other depository institutions. 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.

In addition, as a condition of employment, candidates must undergo a background check and will be tested for all controlled substances prohibited by federal law, to include marijuana, prior to hire and for certain safety sensitive positions during employment.

Always verify and apply to jobs on Federal Reserve System Careers or through verified Federal Reserve Bank social media channels.