Research Associate 2027 - Washington, DC

Federal Reserve System

5d•Onsite

About The Position

The Research Department of the Federal Reserve Bank of Richmond is looking for a highly motivated recent graduate to assist economists with academic research full-time for 24 months starting in June of 2027. The research will specifically use Census restricted data that must be accessed in person at a Federal Statistical Research Data Center (RDC) location in Washington, DC. The Research Associate (RA) will interact virtually with the Research department’s cohort of RAs, who will be located in Richmond. The RDC RA will interact regularly on site in DC with the Richmond economists using the Census data, and one other Richmond Fed RA working at the Census. RDC RAs are expected travel to Richmond for onsite engagements as part of the department’s core meeting weeks, which occur 8 times per year (travel and lodging expenses will be reimbursed). In addition to the DC-based position, the Richmond Fed is also looking to hire several RAs based in Richmond, VA, to assist our economists in our main location; you can find more information and apply in this link here. We are looking for candidates from a range of backgrounds, with different interests, and perspectives. During the two years they spend in the Department, RAs receive direct mentorship from Research economists and a multitude of opportunities to learn through economist and RA interactions and projects. RAs also regularly attend seminars and lectures and give presentations in RA-led study groups. We provide a friendly and academically oriented environment where RAs can learn, grow and develop their own skills and interests, while contributing to our policy and research projects.

Requirements

Bachelor’s degree.
Extensive coursework in statistics (Econometrics required).
Extensive coursework in mathematics Calc I and II (required), Calc III, Linear Algebra, Differential Equations or Real Analysis and similar advanced courses highly valued.
GPA of 3.5 or higher.
Strong oral and written communication skills.
High level of integrity and critical decision making while working independently.
U.S. Citizenship or three or more years of Permanent Resident (Green Card) status.

Nice To Haves

Extensive coursework in economics.
Experience with computer programming and statistical analysis software packages (such as Python, Stata and R).
Experience with parallelization or longitudinal data.
Evidence of interest and experience in research in the form of previous work as a research assistant, or completion of a senior thesis or term paper.

Responsibilities

Support economists working at the Census with their academic research in Labor and Industrial Organization.
Analyze large panel data.
Write computer code to solve dynamic economic models.
Conduct literature reviews.
Assist with model derivations.
Work independently in a temporary computer station with different and few researchers around each day.