Research Associate – Banking and Financial Markets

Job Description

Research Associate, Banking & Finance | Federal Reserve Bank of New York

The Tone:
This is a full-time, hybrid role at the Federal Reserve Bank of Kansas City, located in Kansas City, MO. The Federal Reserve, as the nation’s central bank, plays a key role in strengthening and protecting our economic, financial, and payments systems. This Research Associate position in the Economic Research Department supports the banking and financial markets group, contributing to innovative analysis and research that strengthens the nation’s economic framework. It is an excellent opportunity for individuals considering a PhD in economics or finance, offering skill development in research, analysis, and programming.

The TL;DR
• Role: Full Time
• Type: Full-time
• Location: Hybrid, Kansas City, MO
• Pay: $59000–$76300 yearly
• Team: Economic Research Department, supporting the banking and financial markets group
• Mission: To support innovative analysis and research on banking and financial markets, informing policy and academic discourse to strengthen economic and financial systems.
• 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: Gather and analyze data, program economic models, and create charts for presentations on economic and financial conditions.
• Financial Data Focus: Primarily work with banking and financial data to support specific research initiatives.
• Research Participation: Participate in econometric or theoretical research projects to contribute to departmental output.
• Communication: Write for Bank publications and deliver speeches to civic and educational groups, sharing economic insights.

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, with strong preference for experience in empirical research and data analysis.
• Skills: Proficiency in programming languages and statistical software packages such as Stata, R, Python, or Matlab is highly desirable.
• Bonus: A strong academic record and coursework or experience in econometrics, mathematics, statistics, and computer science are highly desirable.