CompanyFederal Reserve Bank of RichmondWhen you join the Federal Reserve—the nation's central bank—you’ll play a key role, collaborating with a dynamic and diverse team of mission-driven professionals to strengthen and protect our economy and our communities. 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 Quantitative Supervision & Research (QSR) unit of the Supervision, Regulation and Credit (SRC) Department is looking for a highly motivated individual to assist financial economists and quantitative analysts with academic research, analytical projects, and supervisory initiatives.The Research Analyst (RA) will perform economic and statistical analyses using standard econometric/data storage software to support our economists’ research initiatives with the chance to co-author analytical products and research papers, and more generally will contribute to our financial supervision mission. The RA will report to a QSR Manager.We are looking for candidates with diverse backgrounds, interests, and perspectives. During the two to three years our RAs spend in QSR, we provide them with formative development opportunities in a culture that promotes knowledge sharing through collaborating on the job and by hosting seminars and brown bags. Our RAs develop banking/regulatory knowledge and expand their quantitative toolkit through hands-on assignments, self-study, and formal training. Our RAs also get the opportunity to work with a wide range of financial datasets, including confidential data. We provide a friendly and quantitative-oriented environment where RAs can learn, grow, and develop their own skills and interests, while contributing to our supervisory and research projects. QSR has an active seminar series and Visiting Scholar program. Salary and benefits are competitive, and hybrid work arrangements are available. The primary location for this role is Charlotte, NC.With an application, candidates are required to submit three documents: (1) a resume (CV); (2) a cover letter stating why you are interested in the job, why you are a good match for the job, and how the RA experience will fit in your future career plans; and (3) university transcript(s). Transcripts (unofficial copies are okay at this time) and other required documents should be uploaded as attachments to your electronic submission.What You Will Do:Assist economists in long-term academically oriented research projectsPerform economic, financial, econometric, and statistical analyses; organize data for analysis and write computer codes using mathematical and statistical software such as R, Stata, Matlab, SAS, and Python. If required, learn additional software packages and database systems.Review literature on research topics, determine what information is relevant to the project and provide economists with summaries of findings, both orally and in writing.Proofread/edit paper drafts.Co-author research papers with economists if the opportunity arises.Assist economists and quantitative analysts in current supervisory projectsDownload and assemble data; prepare charts and tables; create and maintain spreadsheets; use statistical, econometric, and other software packages to perform analyses and model estimation and simulations; and assist in preparing memos and presentations.Perform more general research and analysis on topics related to the economy, financial markets, banking, and bank supervision.Proofread/edit drafts of memos, reports, papers, and other regulatory documents.Gather data and write documentation of data sources and statistical tests that have been performed on the data.Co-author analytical work with economists and analysts.Contribute to other QSR activitiesAssist on ad-hoc requests by performing other duties as assigned or requested.Provide organizational support to ongoing QSR initiatives (such as critical issues surveillance, web redesign, and business intelligence). Prepare draft memos for department senior economists and managers.Actively participate in the QSR seminars, team meetings and conference calls. Participate in System and industry training courses/workshops/conferences and communicate emerging trends, commonalities, and key "take-aways" to economists and managers.Qualifications: Bachelor’s degree with considerable coursework in economics and/or finance, mathematics, and statistics. A minimum GPA of 3.0 or higher is strongly preferred.A minimum of one (1) year of relevant research experience in a research position.A master’s degree in economics, finance, data science, statistics, or a related field is highly desired.Academic success in econometrics, mathematics, statistics, finance, economics, and banking courses.Strong coding, data, and analytical skills: Experience with at least two statistical software programs (R, Stata, Matlab, Python are preferred) in data manipulation and statistical analysis.Strong writing and communication skills: Experience with spreadsheet/presentation software, including preparing summary charts, graphs, and tables.Able to balance multiple responsibilities and work well under pressure; self-driven and able to work independently. 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.If you need assistance or an accommodation due to a disability, please notify rich.recruitment@rich.frb.org.Employees who work at and/or visit another Federal Reserve entity or outside business as part of their job duties are required to comply with any onsite safety and health protocols of those organizations (including, but not limited to, requirements to vaccinate or test, mask, social distance, etc.).Sponsorship is not available for this role. The selected candidate will be subject to a government security investigation and must meet eligibility requirements for access to classified information. Eligibility for this specific position requires U.S. Citizenship or three or more years of Permanent Resident (Green Card) status.Clearance.The hiring range of the Analyst-Research-Int is $67,600– $84,500 annually. Salary offered will be based on the job responsibilities and the individual’s knowledge, skills, and experience as defined in the job qualifications.The Fifth District provides a hybrid work environment. This position is required to be onsite on Tuesday, Wednesday, and Thursday each week.Full Time / Part TimeFull timeRegular / TemporaryRegularJob Exempt (Yes / No)YesJob CategoryEconomics/Research Family GroupWork ShiftFirst (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.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.Privacy Notice
