Federal Reserve Bank of New York
Primary Location NY-New York City
Full-time / Part-time Full-time
Employee Status Regular
Overtime Status Non-exempt
Job Type Recent Graduate
Travel No
Shift Day Job
Job Sensitivity Not Evaluated
Job Title: Research Analyst
Group: Research & Statistics Group
Function: Capital Markets, Financial Intermediation, International Research, Macroeconomic & Monetary Studies, Microeconomic Studies, Money & Payment Studies, or Regional Analysis
Location: New York, NY
The Research & Statistics Group at the Federal Reserve Bank of New York conducts long- and short-term research and provides analytic support for the Bank’s responsibilities relating to monetary policy, banking supervision, payments systems, funding facilities and other economic and financial issues. In addition to contributing to the formulation and execution of policy in these areas, independent research is conducted on a wide range of topics such as: the links between financial markets and the macroeconomy; structural and financial issues affecting the health of U.S. and foreign banks and banking systems; risks associated with the international flow of payments among large financial institutions; microeconomic issues at the household or firm level; macroeconomic modeling and projections of U.S. economic activity and the federal budget; economic and policy issues of interest to the regional economy; and issues related to international finance and trade and the macroeconomic policies of major foreign economies.
The Research Analyst (RA) Program is a two year program that hires college graduates to assist economists with analyzing current public policy issues and events, as well as long-term, academic research questions. Many RAs have the opportunity to coauthor scholarly articles, blog posts, and other publications with the economists.
Responsibilities:
At the direction of economists and senior research analysts or research associates, assist in the preparation of analyses, reports, and other materials for policy and research projects.
• Aid economists and senior staff in a timely fashion with their Bank policy projects. This support includes downloading and assembling data sets; preparing charts, tables, and presentations; creating and maintaining spreadsheets; using statistical, econometric and other software packages to perform analyses, model estimation and simulations; and assisting in the preparation of memos.
• Assist economists and senior staff with their research projects. This support includes compiling literature reviews and archival research; data handling and configuration; presenting and maintaining data in attractive, user-friendly formats; running simulations, estimating models, and analyzing datasets with the use of statistical, econometric and other software packages; and writing and proofreading articles under the oversight of economists and senior staff members.
• Support: (1) The production of documents prepared for regular briefings of the Bank president, senior management, and the Bank’s Board of Directors; (2) the production of material included in the Blackbook and other briefing documents produced as part of the FOMC cycle; (3) the production of other reports to carry out the Bank’s and Research Group’s objectives; and (4) the performance of other tasks to carry out the Bank’s and Research Group’s objectives.
Requirements:
• Bachelor’s degree in Economics, Mathematics, Statistics or related field.
• Demonstrated experience in using large databases and statistical packages (Stata, Matlab, SAS, R, Gauss, TSP, RATS, PROCSQL), or other significant computer programming experience (Java, C++, Mathematica etc.).
• Strong analytical abilities.
• Ability to provide effective verbal and written analysis.
• Ability to meet strict deadlines and work cooperatively in a team environment.
Candidates must be eligible to work in the U.S. on a continuous basis for purposes other than practical training.
APPLY ONLINE AT:
http://www.newyorkfed.org/careers/current_undergrad_openings.html
