Payments Research Associate (RA) – Payments Research

Job Description

Research Associate, Payments | Federal Reserve Bank of New York

The Tone:
This is a full-time Research Associate position at the Federal Reserve Bank of Kansas City, located in Kansas City, MO, offering a hybrid work arrangement with monthly remote flexibility. The Federal Reserve, as the nation’s central bank, plays a key role in strengthening and protecting the country’s economic, financial, and payments systems. This role within the Economic Research Department contributes to conducting original analysis and research on a variety of topics, including payments, and is an excellent opportunity for individuals deeply interested in research and considering a PhD in economics. The Research Associate will collaborate with leading professionals, developing analytical, communication, and technical skills while contributing to the Federal Reserve’s mission.

The TL;DR
• Role: Full Time
• Type: Regular
• Location: Hybrid, Kansas City, MO, USA
• Pay: $59000–$76300 yearly
• Team: Economic Research Department, supporting PhD economists
• Mission: Support original analysis and research on payments and other economic topics, develop key research and communication skills, and contribute to policy briefings and academic projects.
• Tech Stack: Stata, R, Python, Matlab

What You’ll Actually Do
• Research Support: Work with PhD economists on policy briefings and academic research projects.
• Data Analysis: Analyze data and create charts from large transaction-level datasets and national surveys, including payment network and settlement data, consumer credit panels, and household survey microdata.
• Research Participation: Participate in econometric or theoretical research endeavors.
• Communication: Write for Bank publications and deliver speeches to civic and educational groups.

The Must-Haves
• Background: Bachelor’s or master’s degree in economics or a closely related field such as statistics, mathematics, or computer science.
• Experience: Coursework or experience in economics is required.
• Skills: Strong academic record and experience with empirical research and data analysis are highly desirable.
• Bonus: Coursework or experience in econometrics, mathematics, statistics, and computer science is highly desirable. Proficiency in programming languages and statistical software packages such as Stata, R, Python, or Matlab is also highly desirable.