Economist

Posted 4 Days Ago
Be an Early Applicant
Richmond, VA, USA
In-Office
177K-244K Annually
Entry level
Fintech • Payments • Financial Services
The Role
Conduct independent economics research for publication in top-tier journals; analyze macroeconomics, banking, financial markets, and regional economics using advanced theory, statistics, and econometrics. Advise Bank leadership on economic and policy issues, prepare briefings and presentations, contribute subject-matter expertise to strategic initiatives, mentor research assistants, and present findings at academic and Federal Reserve conferences.
Summary Generated by Built In
CompanyFederal Reserve Bank of Richmond

When you join the Federal Reserve—the nation's central bank—you’ll play a key role, collaborating with a dynamic 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 work environment where you can truly find balance.

About the Opportunity

The Research Department conducts research to support policymaking and thought leadership on issues important to the Federal Reserve and Fifth District communities. The department is currently recruiting for an Economist position to contribute to the Bank's standing in the economics profession by producing research for publication in top-tier journals, counseling Bank leadership on the national, regional, and international economy, monetary policy, banking and financial regulation, and financial markets, and contributing to the high priority initiatives of the department.


What You Will Do:


Conduct Frontier Research

  • Conduct independent research and analysis on topics in economics, including macroeconomics, banking and financial markets, and regional and urban economics using advanced economic theory, and/or statistical and econometric analysis, for publication in top-tier external journals and Bank publications.
  • Actively present research at high-caliber academic conferences and Federal Reserve System conferences.

Inform and Influence Economic and Policy Perspectives

  • Prepare and deliver scheduled and ad hoc policy briefings for the Bank president on policy matters, banking, or regional activities.
  • Brief and counsel senior management on the national, regional, and international economy and on issues concerning monetary policy, bank and financial regulation, and financial markets.
  • Assist in the preparation of speeches or presentations for senior management.
  • Enhance subject matter expertise in specific policy areas through research and external relationships.

Advance Bank and Department Strategic Priorities

  • Provide subject matter expertise to support department and Bank initiatives. 
  • Collaborate with and mentor research assistants.
  • Actively participate in research programming and activities, discussions and deliberations.
  • Promote a diverse and collaborative research environment.

Qualifications:

  • Ph.D. in economics or a related discipline
  • Fundamental knowledge of economic theory, econometrics, and statistics
  • Knowledge of economic policy analysis and subject matter expertise as demonstrated by rigorous research and analysis suitable for top academic journals
  • Ability to author content which clearly and concisely conveys critical information about complex subjects
  • Strong engagement skills sufficient to present complex information
  • Superior skills using econometric and statistical analysis software, and computer programming languages
  • Ability to travel to conferences and within the Federal Reserve System

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 [email protected].
  • The hiring range of the Research Economist position is $177,100 – $243,540 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. Always verify and apply to jobs on Federal Reserve System Careers or through verified Federal Reserve Bank social media channels.

Full Time / Part TimeFull time

Regular / TemporaryRegular

Job Exempt (Yes / No)Yes

Job CategoryEconomics/Research Family Group

Work ShiftFirst (United States of America)

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

Skills Required

  • Ph.D. in economics or a related discipline
  • Fundamental knowledge of economic theory, econometrics, and statistics
  • Economic policy analysis expertise demonstrated through rigorous research suitable for top academic journals
  • Ability to author clear and concise content conveying complex information
  • Strong engagement skills for presenting complex information
  • Superior skills using econometric and statistical analysis software and computer programming languages
  • Ability to travel to conferences and within the Federal Reserve System
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The Company
HQ: Washington, DC
2,289 Employees

What We Do

This page is dedicated to Federal Reserve System career and employment related information only. Comments not pertaining to Fed recruiting will be removed. The Fed - Make a world of difference in the global economy OUR BANK has one of the most recognizable brands around the world. The Federal Reserve is the central bank of the United States—one of the world's most influential, trusted and prestigious financial organizations. The Federal Reserve is charged with the important mission of promoting a strong economy and a stable financial system and fulfills this responsibility by formulating national monetary policy, supervising and regulating banks and bank holding companies, and providing financial services for banks and the U.S. government. OUR PEOPLE are diverse in background and ideas, which allows for ongoing creativity and innovation. Ultimately, they are the ones who push our high-performance, exchange-driven culture forward. Why Our People Choose Us: Our reputation precedes us There will always be room for personal growth Our people are first You’ll find the right balance Your responsibilities will be meaningful We hope that you will be our future colleague. Find your preferred locations around the United States and explore the breadth of opportunity available at the Federal Reserve. Atlanta https://www.frbatlanta.org/ Boston http://www.bostonfed.org/ Chicago https://www.chicagofed.org/ Cleveland https://www.clevelandfed.org/ Dallas http://dallasfed.org/ Kansas City https://www.kansascityfed.org/ Minneapolis https://www.minneapolisfed.org/ New York http://www.newyorkfed.org/ Philadelphia https://www.philadelphiafed.org/ Richmond https://www.richmondfed.org/ San Francisco http://www.frbsf.org/ St. Louis https://www.stlouisfed.org/ Board http://www.federalreserve.gov/

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