Recognizing the particular needs of underserved or vulnerable populations and communities, the Community Development function advances the economic growth and financial stability objectives of the Federal Reserve System by informing and improving research, policy, and practice related to community development. To support this mission, the lead community development analyst is a subject matter expert and change agent with experience in: forging partnerships to respond to community development needs; designing, implementing, and evaluating effective community development initiatives; formulating and assessing policy recommendations related to community development; generating and distributing quantitative and qualitative analysis through various communication and technology platforms; and cultivating and maintaining a network of thought-leaders in the field of community development.

The lead community development analyst advises Division and Board leadership on the strategic importance of relevant policy matters. They exercise initiative, judgment, and independence in completing assignments and making recommendations to address identified issues. The lead community development analyst possesses exemplary critical thinking, interpersonal, and communication skills. They offer guidance and mentor new or junior staff and manage interns or rotational staff.

Principal Duties and Responsibilities

• The lead analyst for community development finance provides expertise on how credit and financial services can better reach and address the needs of underserved or vulnerable people and places.
• Contributes to and leads DCCA's strategic efforts to promote a more inclusive and responsive financial services marketplace.
• Co-manages a working group focused on the implementation of the CRA final rule, particularly how CD and consumer compliance sections will coordinate and collaborate on DCCA’s CRA responsibilities going forward.
• Serves as DCCA’s staff lead for the Board’s Partnership for Progress (P4P) Initiative – a Congressional mandate under the Dodd-Frank Act to promote and preserve minority depository institutions (MDIs) for which DCCA shares responsibility with the division on supervision and regulation. Proactively offers advisory services to MDIs and other mission-driven financial institutions such as CDFIs and women-owned depository institutions

Requires expertise and exceptional knowledge in one or more specialized areas of community development finance, project structuring and underwriting, impact investing, capital markets, and financial inclusion typically acquired through a master’s degree and a minimum of six years of specific and increasingly responsible work experience. Must demonstrate knowledge of and competence in the application of highly sophisticated analytical processes and possess strong analytical abilities. Must demonstrate exemplary communication and interpersonal skills. Must demonstrate history of appropriate productivity levels within area of responsibility. Must demonstrate familiarity with and sensitivity to Federal Reserve priorities and mandates. Should possess a general knowledge of regulations associated with consumer protection and bank supervision. An advanced degree in public policy, business, finance, social sciences, or other related field is highly desirable.

The Division of Consumer and Community Affairs (DCCA) has resumed an in-office presence and begun a hybrid work environment that requires employees to be physically present in the office a minimum of 4 days per month. This includes a monthly core day (on a Wednesday). On occasion, DCCA employees may be expected to be physically present in the office more than 4 days per month, as required by business needs, but can work remotely the remaining days.