Research Associate Job Openings in - Federal Reserve Bank of Richmond Recruitment 2018


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Federal Reserve Bank of Richmond Recruitment 2018

Research Associate Job Opening in United States

Job Sensitivity Tier II - No Credit Check

The Research Department of the Federal Reserve Bank of Richmond is looking for highly motivated recent graduates to assist economists with policy-oriented and academic research starting in the summer of 2018.

We are looking for students with diverse backgrounds, interests, and perspectives. 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, while contributing to our policy and research projects during the two years they spend at the Department.

The RA pool supports multiple economists with their academic research on wide-ranging topics (including general equilibrium macroeconomic models, time-series econometrics, labor economics, financial economics, contract theory, public and health economics, industrial organization, or regional economics). Responsibilities include writing computer code to solve dynamic economic models and to analyze time-series and panel data. RAs also use these tools to assist in the preparation of policy briefings. The position is an excellent opportunity for students interested in pursuing graduate studies in economics.

Applicants should submit three documents: (1) a resume (CV), (2) college transcripts (unofficial copies are okay at this time), and (3) a cover letter stating why they are a good match to the job, how they became interested in research, and how the RA experience will fit into their future careers. All required documents should be uploaded as attachments to the electronic submission. Applications are reviewed on a rolling basis. Interested candidates are strongly encouraged to apply by February 6, 2018.

***The hiring range is $47,700 - $59,600, annually.
***Candidates subject to special background check procedures.

Special Considerations:

  • Please review the FRB Employee Code of Conduct to ensure there are no major issues related to your previous employment and current financial interests (The Code is available on the About Us, Careers webpage at; the relevant sections are 5.3 and Appendix B, Parts I, II and III).
  • Candidates must be U.S. citizens or Green Card holders, since sponsorship or practical training extensions are not available for this position.


We are seeking for candidates with a Bachelor’s degree, with extensive coursework in economics (preferred), mathematics (required), and statistics. Applicants with a GPA or 3.0 or higher will be given priority. Experience with computer programming and statistical analysis software packages (such as Matlab, C, Fortran, Gauss, Stata and R) 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.

As one of the leading company in United State, Federal Reserve Bank of Richmond offers variety of opportunities for employees to grow and make them as future leaders of the professional and disciplined. Federal Reserve Bank of Richmond also gives a dynamic work environment in order to encourage employees to contribute optimally, and at the same time is able to upgrade new experience and knowing through the company programs.

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