Vice President, Community Development & Community Affairs Officer

Federal Reserve Bank of Richmond

Richmond, VA, USA

Full time

Corporate Social Responsibility / Sustainability

Jan 10

This job is no longer accepting applications.


Federal Reserve Bank of Richmond

The Research department seeks a dynamic, innovative, and visionary Vice President for Community Development (VP). Reporting to the Group Vice President for Microeconomics and Research Communications, the VP serves as the Bank’s Community Affairs Officer (CAO), providing strategic leadership and direction for the Community Development function. Success in this important role will require familiarity with the community development environment and the ability to forge strategic partnerships within it; insight and vision to imagine new initiatives and creative opportunities; and strong business acumen to manage a driven, externally-focused team.

Leading a collaborative team of community development professionals, the CAO establishes strategic areas of emphasis for community development programming and external engagement with a focus on impact and collaborates closely with other departments and Bank units to ensure the effective delivery of the overall Fifth District Community Development Program and alignment with organizational goals. The next CAO will oversee sensing and engagement activities and provide insights on community economic conditions and issues affecting low- and moderate-income communities. They will create innovative programs and partnerships for direct community impact, with a particular focus on small towns and more rural areas of the Federal Reserve’s Fifth District. They will represent the Federal Reserve Bank of Richmond by organizing and providing strategic leadership for the Community Investment Council, serving on the System’s CAO subcommittee, and provide leadership on various System-wide committees. The CAO will serve as the main point of contact with the Federal Reserve Board of Governors Department of Community and Consumer Affairs, particularly on matters related to the Community Reinvestment Act.

  • Serve as the Bank’s Community Affairs Officer, a Board of Governors mandated Reserve Bank role, which focuses on issues affecting low and moderate income communities and includes a high degree of public visibility and responsibility
  • Lead the development and execution of community development strategy for the Bank and contribute to community development strategy at the System level
  • Oversee the Community Development team engaged in developing and sustaining key community relationships, partnerships and programs with organizations focused on the low- and moderate-income communities of our District, and with organizations engaged in the economic vitality of small towns and rural areas
  • Create innovative programs and partnerships and oversee implementation of such initiatives for direct community impact in support of the Bank’s high-priority objectives
  • Collaborate with other Bank functions and external partners on key initiatives, research, and programs; develop and maintain relationships with a diverse set of business and organizational contacts across Fifth District financial institutions, nonprofits, government, and other relevant organizations to support District planning, programming, and special initiatives
  • Lead and organize staff efforts to sense priority issues and emerging trends affecting low- and moderate-income communities, through proactive and intentional engagement with key stakeholders
  • Contribute to and guide synthesis of the most salient issues facing low- and moderate-income communities and develop understanding of the implications of policies that are designed to address these issues
  • Direct staff to deliver on key sensing and synthesis activities, contributing to informed points of view on these issues and policies and translating observations into a narrative that informs the Bank’s research and external engagement efforts
  • Identify and recruit advisory council members and serve as a primary point of contact with the members for the Bank; participate in the Bank’s cross-functional advisory council and Board of Director planning
  • Support team planning for Bank/President regional and community visits, and other events as required


  • At least seven years of high-level leadership experience in developing and managing intricate community development strategies for high-profiled, multifaceted, and multi-divisional organizations
  • Strong networking skills and deep relationships within the business, non-profit, public policy, and philanthropic sectors; established relationships with small town/rural-focused organizations is a plus
  • Ability to set strategy, vision, and goals, and to drive team accountability and results.
  • Strong interest in and experience developing initiatives to address challenges and opportunities in small towns and rural/small areas
  • Record of success in establishing and overseeing high-impact community programs that align with organizational mission and goals with proven ability to implement innovative solutions
  • Strong interest in and experience developing initiatives to address challenges and opportunities in small towns and rural/small areas
  • Demonstrated track record of strong oral, written and presentation skills to engage broad audiences (executive, researchers, and grassroots) and achieve desired outcomes
  • Ability to clearly synthesize information and articulate points of view, and the ability to engage, challenge, and influence others’ thinking to sharpen insights and inform thinking throughout an organization
  • Demonstrated experience in an environment with a culture of collaboration and consensus driven decision-making
  • Bachelor’s degree in public policy, economics, or a related field required; Master’s degree is preferred

Discover the Reason Why So Many People Love It Here!

When you join the Richmond Fed, not only will you find a challenging and purposeful career, you’ll also have access to a wide range of benefits and perks that support your health and wealth, including:

  • Great medical benefits
  • Pension and 401(k) with employer match
  • Paid time off
  • Tuition reimbursement
  • Employee resource networks
  • Paid volunteer leave
  • Flexible work options
  • Onsite amenities that make working here fun

Other Requirements and Considerations:

  • Candidates should review the Bank’s Employee Code of Conduct to ensure compliance with conflict of interest rules and personal investment restrictions. The Code is available on the About Us, Careers webpage at
  • A requirement of this position is that the employee must be fully vaccinated against COVID-19; individuals who are unable to be vaccinated due to a medical condition or sincerely held religious belief may request an accommodation from the Bank
  • Candidates must submit a resume and cover letter for full consideration.
  • Sponsorship is not available for this role.
  • Selected candidate is subject to special background check procedures.
  • The salary range for this position is $176,200- $220,300. Final salary offered will be based on the job responsibilities and the individual’s knowledge, skills, and experience as defined in the job qualifications.
  • Applications are reviewed on a rolling basis. Interested candidates are strongly encouraged to apply by 5PM EST, Wednesday, January 19, 2022

Full Time / Part Time

Full time

Regular / Temporary


Job Exempt (Yes / No)


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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