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FE
Federal Reserve

Community Development Advisor

Salary$111k – $139k
LocationCleveland, OH
Typefull-time
SenioritySenior
Experience3+ yrs
DepartmentCommunity Development
Company size10,000+ people
First seenOct 6, 2026 · 5d ago
Verified live1d ago
At a glanceSummarised by Seekless from the posting.
Must have22
Bachelor's degree with a minimum of 7 years of related work experience
Master's degree with a minimum of 5 years of related work experience
PhD with a minimum of 3 years of related work experience
Expert level in Community and economic development
Expert level in CD Specialization (housing/neighborhood stabilization, human capital, small business, or community development finance)
Expert level in Planning and project management
Expert level in Written communications/presentation skills
Expert level in Descriptive statistics
Expert level in Microsoft Office Suite
Leads a select CD topic by helping to strategically plan and coordinate related research and outreach activities
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
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
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
Skills
Microsoft Office Suite
Company
Federal Reserve Bank of ClevelandThe 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.
Follow us on LinkedIn, Twitter, Instagram, and our YouTube channel – Cleveland Fed
About the role
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.
Benefits
The Cleveland Fed offers benefits to support overall health and financial security. Learn more about our benefits here: https://www.clevelandfed.org/careers
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