Job Description:

Company

Federal Reserve Bank of Boston

As an employee of the Boston Fed, you will work to promote sound growth and financial stability in New England and the nation The bank contributes to communities, the region, and the nation by conducting economic research, participating in monetary policy-making, supervising certain financial institutions, providing financial services and payments, playing a leadership role in the payments industry, and supporting economic well-being in communities through a variety of efforts. The Boston Fed is one of 12 Reserve Banks and we serve all or parts of Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont. Our mission is accomplished through our Bank's values: diversity, equity and inclusion, innovation, integrity, and leadership.

This job is eligible for a hybrid schedule with some on-site work expected.

Summary
The Community Development Analyst will support implementation of the newly launched Inclusive Economies Initiative and other efforts to improve outcomes in New England’s smaller cities and rural places, all of which are part of the Working Places Initiative.  The goal of the Inclusive Economies Initiative is to connect inclusive growth projects in low-income smaller cities and rural areas with public and private capital to deliver greater impact.  

The initiative is composed of three strategies: (1) Educating practitioners on best practices and creating space for collaboration through the Working Places Learning Network; (2) Partnering directly with communities, including connecting them with technical assistance and resources to advance their projects through Inclusive Economies Labs; (3) Helping capital reach underinvested places through our capital innovation work, which is analyzing capital flows and delivery mechanisms and helping create new approaches. The analyst will work across these strategies.

This is a new and growing initiative with opportunities for innovation and additional types of work over time.  

The position is situated in the Working Places team of FRBB’s Regional and Community Outreach (RCO) department, which serves as the community development arm of the FRBB. We are a diverse and dynamic department working with community-based organizations, policymakers, financial institutions and others to support the economic strength of low- and moderate-income (LMI) people and places in New England. The Federal Reserve Bank of Boston is committed to creating a vibrant and inclusive economy that works for all. 

Key job responsibilities

• Support the ongoing development and implementation all parts of the Inclusive Economies Initiative: working closely with the Inclusive Economies Manager, other Working Places staff as well as external consultants.


• Assist the Inclusive Economies Manager and Co-leads with overall program management and operations including communications, budgets, and contracts.


• Explore new ways to deliver impact in small cities and rural communities.


• Support other Working Places efforts across New England.  

Activities on the job include:

• 
  Implementation: Implementation work will include outreach to, and relationship building with communities, convening cross sector teams to connect and learn, and adding value to their work through the learning network, labs, and capital strategies.


• 
  Learning and Facilitation: Learning and facilitation work will include assisting in designing learning series/opportunities, peer exchange opportunities, and convenings to deepen inclusive growth strategies in communities.


• 
  Relationship Management: Help to build and manage relationships to support the initiative as a whole and team progress. This includes   coordinating meetings of steering and advisory committees overseeing the inclusive Economies Initiative. Manage CRM and stakeholder lists.

Through this role, the analyst will develop an expertise in community development and project implementation.

Our department culture is open, flexible, and collaborative. You will be joining a diverse community of grounded and passionate team members on one of the Federal Reserve System’s most innovative community development teams.

Other accountabilities:

This position includes limited travel around New England, and occasionally outside of region.

Supervision:

This position is not required to supervise staff, though it does include working collaboratively with colleagues in Working Places and across the department.

Knowledge and experience

Required

• Passion for and commitment to creating community change.


• Strong organizational and project management skills.


• Ability to build and maintain partnerships


• Ability to facilitate learning experiences .


• Ability to work effectively in changing environment, be adaptable,


• Ability to work independently as well as in team.


• Experience in addressing racial equity issues and embedding equity in programs and/or policies.


• Strong written communication skills.

Experience in any of the following areas would be welcome:

• Experience making change/having impact at a community level, particularly with in smaller cities /rural places and/or with cross-sector collaboratives.


• Specific issue area experience in one or more of the following topics: economic development, housing, child-care, small business, climate change other public policy areas that make economies more equitable and inclusive.


• Experience developing and implementing place-based economic development or social impact initiatives including developing strategic plans and designing innovative approaches.


• Knowledge of social and economic factors that impact community development.


• Experience or interest in supporting small - mid size cities and rural places.


• Experience in communication, and or narrative story telling.


• Data and analysis skills.


• Knowledge or interest in community investment.

The Federal Reserve Bank of Boston is committed to a diverse and inclusive workplace and to provide equal employment opportunities to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, or military service.

All employees assigned to this position will be subject to FBI fingerprint/ criminal background and Patriot Act/ Office of Foreign Assets Control (OFAC) watch list checks at least once every five years.

The above statements are intended to describe the general nature and level of work required of this position. They are not intended to be an exhaustive list of all duties, responsibilities or skills associated with this position or the personnel so classified. While this job description is intended to be an accurate reflection of this position, management reserves the right to revise this or any job description at its discretion at any time.

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

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.

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