Company

Federal Reserve Bank of RichmondWhen you join the Federal Reserve—the nation's central bank—you’ll play a key role, collaborating with leading tech professionals to strengthen and protect our economic, financial and payments systems. We invest in contemporary and emerging technology each year to support the Federal Reserve and our economy, and we’re building a dynamic and diverse team for our future.

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 a Research Associate in the Regional Economics section. In this role, the ideal candidate will gather and analyze regional and US data and facilitate dispersion of regional economic information through Bank publications, internal documents for FOMC preparations, and various special projects and presentations. In addition, this candidate will provide knowledge of the region and region-specific resources to Regional and Research economists, as well as other areas of the Bank and public. The position is located in Richmond, VA.

What You Will Do:

Essential Job Responsibilities include but are not limited to the following:

• Contribute to regional analysis through work with Bank publications such as Snapshot, Regional memo (for FOMC preparation), and special reports for management and officers. Present results in written summaries, supporting charts, tables, and maps.
• Facilitate dispersion of regional economic information to the public through upkeep of US & Fifth District databases, preparation of presentations, updating data and overviews of the Fifth District and answering inquiries from the public. Gather data by replicating established data collection procedures. Learn data definitions and implications and get to know different internal and external sources of data.
• Support other Bank sections/departments with knowledge of region and region-specific resources, as well as other specialized skills (ie, software). Produce charts and graphs of economic indicators and variables for use in speeches and presentations.
• Work with Regional and Research economists on papers and special projects. Determine what information is relevant to the project and provide economists with summaries of findings, both orally and in writing.
• Learn sources for keeping abreast of current economic developments.

Qualifications:

With an application, candidates are required to submit 3 documents:

• a resume (CV),
• college transcript(s) (unofficial copies are okay at this time),
• and a cover letter stating why they are a good match to the job, how they got interested in research, and how the RA experience will fit into their future careers.
• **Transcripts and other required documents should be uploaded as attachments to your electronic submission.

Education/Experience:

• Requires a bachelor’s degree in Economics or related field; minimum overall GPA of 3.2 and in major GPA should be higher (required).
• Excellent attention to detail (required).
• Strong oral/written communication skills (required).
• Competence with Microsoft Office Excel, PowerPoint and Word (required).
• Experience with a statistical program such as Stata, SAS, or R (required).

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. · 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.).
• No Key Point: Sponsorship is not available for this role. Selected candidate is subject to special background check procedures.
• The hiring range is $56,600 – $77,880 annually.
• 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.

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

No

Job Category

Economics/Research

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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