Strategic Action Advisor

267266 Requisition #

The Federal Reserve Bank of Philadelphia is one of the 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System. It helps formulate and implement monetary policy, supervises banks and bank and savings and loan holding companies, and provides financial services to depository institutions and the federal government. The Federal Reserve Bank of Philadelphia serves eastern and central Pennsylvania, southern New Jersey, and Delaware.


Job Summary :

The Strategic Action Advisor will facilitate the process of setting the Bank`s strategic engagement direction and further aligning outreach initiatives across the organization. The goal is to ensure engagement efforts across Reserve Bank are strategic in focus, coordinated and consistent in implementation, and impactful to Third District communities. In order to accomplish this goal, the advisor will work closely with the AVP of Outreach & Engagement to develop a process to enable the Reserve Bank to take market knowledge and translate it into strategy. In the short-term, this will include the development and implementation of a program structure.  In the long-term, the emphasis will be on building a multi-year Bank-wide engagement strategy. An integral part of the advisor role is that of a liaison between all divisions with engagement responsibilities, each of which will be represented on the newly-formed engagement action team. The advisor will take a lead role in building and advancing the action team. The coordinator will plan periodic meetings of the action team and will synthesize market knowledge acquired through the action team, as well as through a variety of other Reserve Bank engagement initiatives. The advisor will also provide regular briefings to the Reserve Bank`s president and other Bank leadership on emerging trends and market conditions identified across the Third District through Bank-wide outreach activities. The advisor will actively seek opportunities to further leverage collective outreach efforts across the Reserve Bank with a strong commitment to further maximizing the impact and the value the Reserve Bank brings to communities. The advisor will also contribute to other CDRO outreach initiatives and be responsible completing periodic reports for divisional and Bank-wide leadership that capture emerging trends and market conditions.


Principal Duties and Responsibilities:
Building and Advancing Bank-wide Engagement Strategy
Under the direction of the AVP-Strategic Outreach & Engagement, creates and implements process to further align engagement activities across the organization. This includes honing the structure of and advancing a newly formed Bank-wide engagement action team.  Acts as the primary liaison for action team members and identifies opportunities to gain valuable market information to advance the goals of this critical initiative. Develops all action team agendas and facilitates portions of meetings. 
Take a lead role in developing a multi-year engagement strategy and guides the implementation of this strategy. Proposes new ways to further align engagement efforts across Reserve Bank while being strongly focused on maximizing impact and the value the Bank brings to Third District communities. Fosters strategic relationships across Bank and builds consensus among colleagues with engagement responsibilities to drive towards common goals and results.
Works closely with other divisions, including the Executive Area and Corporate Affairs, to further leverage opportunities to align engagement goals with the Bank’s overarching communications strategy, presidential speeches, and other Bank outreach initiatives.


Sharing Market Knowledge and Assessing Impact:
Maintains subject matter expertise of general industry trends, market conditions and the regulatory environment. Synthesizes information gained through action team and other outreach endeavors, including advisory councils and events, on an ongoing basis. Also keeps abreast of new research, surveys, and data and identifies and aligns emerging trends and market conditions. Frequently engages with and provides regular briefings to the Reserve Bank`s president, other Bank leadership, and engagement action team on emerging trends and market conditions identified across the Third District through Bank-wide outreach activities. Recommends specific areas to further hone the strategic focus of Bank’s collective outreach efforts.
Responsible for the creation and ongoing monitoring of engagement dashboards. Recommends new approaches to assess impact, measure progress, and widely share performance results.
Identifies best practices and coordinates with colleagues across the System to enhance our engagement approach.


Advancing Outreach Programming Priorities:
Supports other CDRO initiatives and high priority objectives. May assume a lead role preparing executive briefing summaries on outreach endeavors highlighting emerging market conditions and trends. Makes recommendations to enhance engagement approaches, processes and products with an emphasis on deepening impact of team. May directly brief Reserve Bank senior leadership on outreach findings and recommends future opportunities to engage with Third District communities. Represents CDRO at industry events or advisory council meetings and completes written summaries of these activities. Further supports all CDRO engagement efforts as requested.


Supports divisional objectives through participation in related duties assigned.
Serves as the Bank's representative at various Federal Reserve functions as requested.
Fulfills job duties and responsibilities in conformance with sound safety practices.


Performs other related duties as assigned.


No direct reports. Will lead project teams and ad hoc groups throughout the year.


Scope Measurements:
Builds and advances an engagement action team that is committed to ensuring engagement efforts across Reserve Bank are strategic in focus, coordinated and consistent in implementation, and impactful to Third District communities.


Education and Experience:
Bachelor's degree; or equivalent related work experience and education is required.

A minimum eight years of business experience, preferably in roles focused on strategic planning, communications, and relationship management.


Knowledge and Skills:
Ability to think strategically and creatively; proven ability to operate with a high degree of independence and autonomy required.
Demonstrated skills guiding and motivating teams, planning, and project management, with a proven record of connecting business challenges with creative/transformative solutions required.  Ability to move from strategy to action/implementation.
Strong business acumen required with the ability to see the big picture and connect the dots between strategic priorities, implementation planning, resourcing, execution and impact assessment. Ability to quickly comprehend emerging research, surveys and data, as well as trends identified through outreach, and leverage this information to advance Bank engagement priorities.
Excellent oral and written communication skills, including the ability to synthesize "the story" for executive-level audiences and adjust messages and style based on different audiences and agendas.
Significant experience required developing executive level summaries and reports articulating progress to strategic goals: current state, planned activities, issue identification and mitigation, promotes achievements and the recognition of teams and individuals.
Exceptional interpersonal skills with an emphasis on effective listening.
Entrepreneurial attitude with the ability to self-educate on relevant industry topics identified. Ability to effectively work with others in the Bank to address issues and opportunities raised during engagement initiatives.
Strong executive presence with demonstrated ability to professionally engage in meetings with Reserve Bank leaders, directors, advisory council members, and other external partners in order add value to the discussions and enhance the relationship between external stakeholders and the Federal Reserve.
Must exhibit a high level of professionalism at all times.


Other Requirements:
High level of proficiency in PC applications to include Bank approved software.
Ability to learn other applications and demonstrate strong automation skills.
Familiarity with Bank standard database management tools and knowledge of web based meeting management tools.


Background investigations including drug testing are required for all new hires as a condition of employment, after the job offer is made.  Employment may not begin until the Bank accepts the results of the background investigation.


Certain eligibility rules apply.


Our benefit plans are designed to be the best fit for you at every stage of your career!
Excellent health, prescription, dental and vision coverage
Savings Thrift Plan (401K) with a 100% match up to 6% and a pension plan
Paid vacation / sick time / paid holidays and a flexible work environment
Numerous Employee Resource Groups to help you thrive and grow at the Fed in a diverse and inclusive environment
Healthy lifestyle assistance through an on-site fitness center, subsidized cafeteria with healthy food options, and health and wellness programs
Monthly public transportation allowance
Numerous internal development programs plus annual tuition reimbursement programs
Free credit protection, financial planning, and flexible spending accounts or health savings accounts and much more!


The Federal Reserve Bank of Philadelphia believes that diversity and inclusion among our employees is essential to our success as an organization, and we want to recruit, develop and retain the most accomplished people from a diverse candidate pool. To support a workplace culture of belonging, we offer seven employee resource groups (ERGs) and a 100 percent rating on the Human Rights Campaign (HRC) Corporate Equality Index. The Federal Reserve Bank of Philadelphia is proud to be an equal opportunity workplace.  


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