Working Here
Diversity 
Diversity and inclusion are fundamental to the work we do every day, and who we are as a community. The Boston Fed encourages diversity and the strength that comes from diverse perspectives, ideas and approaches. We are dedicated to advancing and supporting diversity, inclusion, and equal employment opportunity – and do so through a variety of means. We leverage diversity and inclusion for enhanced creativity, innovation, and better business outcomes.
Benefits
Benefits and compensation play a central role in the employer you choose. At the Boston Fed, we recognize this, and work to make sure our compensation package is very competitive with those of top employers. Our goal is to provide you with the resources, tools, and flexibility you need to be successful in your work—all without giving up important other dimensions of your life.
"As a director in the Bank's internal audit department, I have the privilege of working with colleagues from across the Bank and the System. This enables me to have a unique perspective with deep knowledge of the Boston Fed and the Federal Reserve System as a whole. I take pride in knowing that I am a trusted, valued advisor who is able to provide management with forward looking insights and assurance whether their control activities are appropriately designed and working effectively."
Clement Nganga, Audit
Social Impact
Giving back through volunteering is important and valued at the Bank. Employees are provided with paid vacation time to support a vibrant community service program. A volunteer council organizes numerous opportunities for teams of employees to apply their skills, talents, and passions to address local community needs. Employees volunteer in many capacities, from mentoring youth to helping low-income residents claim their tax benefits to providing job readiness training.
Innovation
The Bank welcomes creative ways to solve problems for new value. It is a surprisingly innovative workplace! Its products, services, and business models have gone through dramatic change and are continually being put to the test. Some of the Bank’s most innovative initiatives – from new services for local banks and the federal government to the Working Cities Challenge – have come from employees who have stretched the boundaries of the Federal Reserve’s “traditional” roles and responsibilities. The current trends in FinTech, consumer payments, demographics and labor markets mean there are plenty of opportunities for new ways of doing things. The Bank also works hard to stay networked and connected with the local and burgeoning innovation community in Greater Boston.
Environmental Responsibility
At the Boston Fed, sustainability is in our DNA: elements of energy conservation are evident in the very design of our building. We focus on both efficient operations and systems and continual consumption reduction and are a leader in our region, achieving LEED Gold Certification (Existing Buildings) in 2009 - 2010 and awarded the Earth Award by Boston’s Building Owners and Managers Association in 2013. The Bank was the first participant organization in the citywide Challenge for Sustainability to be named recipient of the Target 2020 Leaders Award in 2014 for achieving a 25% reduction in greenhouse gas emissions, and we were among the first to join the Mayor’s Carbon Cup Challenge with the goal of a 35% reduction by 2020.
We look for consumption savings in every aspect of daily life at the Fed. Our beautiful 4th floor Roof Garden Patio is a “green roof”, a bio-organism that processes CO2 and reduces the temperature in surrounding areas. Our “white roof” blocks UV rays and reflects sunlight, which reduces energy consumption. Our cleaning program is “least harmful, chemical free” using powerful oxidized water – stronger and better than the usual green cleaning programs. Our employee action group, The Green Circle, supports employee engagement campaigns in reuse and recycling, from food services to eyeglasses, cellphones and even sneakers. In everything from our most complex HVAC systems to our “Big Belly” solar-powered trash compactor, our annual Energy Fairs and the “Juicebox” e-car charging station, we believe in the living the green life every day.
“As an economist in training, working directly with experienced economists and more tenured research assistants provides for constant on-the-job learning. There are also multiple opportunities to attend seminars given by visiting scholars that provide the unique chance to ask questions and learn firsthand about new publications.”
Jacqueline Penn, Research