Federal Reserve Bank (FRB)
Research Associate, Research (Education)
Bring your passion and expertise, and we'll provide the opportunities that will challenge you and propel your growth—along with a wide range of benefits and perks that support your health, wealth, and life. In addition to competitive compensation, we offer a comprehensive benefits package that includes tuition assistance, generous paid time off, top-notch health care benefits, child and family care leave, professional development opportunities, a 401(k) match, pension, and more. All brought together in a flexible work environment where you can truly find balance.
About the Opportunity
The Research Department of the Federal Reserve Bank of Richmond is looking for highly motivated recent graduates to assist economists with academic and policy-oriented research full-time for 24 months starting in June of 2025.
We are looking for candidates with diverse backgrounds, interests, and perspectives. During the two years they spend in the Department, we mentor our Research Associates (RAs) and provide them with many opportunities to learn, in their daily work interactions with economists and other RAs, as well as attending seminars and lectures, and giving presentations in RA-led study groups. We provide a friendly and academically-oriented environment where RAs can learn, grow and develop their own skills and interests, while contributing to our policy and research projects.
What You Will Do:
Each of our RAs is assigned to support two or three economists with their academic research. Projects cover a wide range of topics (including general equilibrium macroeconomic models, time-series econometrics, labor economics, financial economics, contract theory, public and health economics, industrial organization, and regional economics). Responsibilities include writing computer code to solve dynamic economic models or analyze time-series and panel data, literature reviews, and helping with model derivations. RAs also use these tools to assist in the preparation of policy briefings. RAs may be asked to add new long-term projects to their responsibilities or collaborate in short-term tasks during their two years, depending on the economists needs and on their performance. The position is an excellent opportunity for students interested in pursuing graduate studies in economics.
Visit us online for more information about the Research Department and the RA program.
Application Requirements:
Please submit the following three documents in the Attachments/Resume/Cover Letter section of the application (please be sure to include ALL required documents listed here):
***Note that you should upload all three documents in the step where the system will prompt you to upload your resume.
Applications are reviewed on a rolling basis. Interested candidates are strongly encouraged to apply by October 20, 2024, to be considered for the first round of screening interviews and offers, though the position will remain open until all openings are filled.
Qualifications:
We are seeking candidates with a Bachelor's degree and extensive coursework in economics (preferred), mathematics (required), and statistics. Applicants must have a GPA of 3.5 or higher. Experience with computer programming and statistical analysis software packages (such as Stata, R and Matlab) is highly valued. Strong oral and written communication skills are required. Evidence of interest in research in the form of previous work experience as a research assistant, or completion of a senior thesis, is a plus.
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:
Other Requirements and Considerations:
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.
Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.