Economist

Federal Reserve System; Richmond (VA); On-site; USD 177,000 - 244,000; Full time

Job summary

The Federal Reserve Bank of Richmond is seeking an Economist to advance frontier research and inform policy and financial regulation with rigorous analysis and publications. The role emphasizes rigorous macroeconomics, banking, and regional economics work and requires clear communication of complex topics.

You will conduct macroeconomics, banking and regional economics research, present at conferences, and brief Bank leadership on national and international issues.

Qualifications

• Ph.D. in economics or a related discipline.
• Strong knowledge of econometrics, statistics, and economic theory.
• Experience publishing in top academic journals.
• Ability to convey complex topics clearly and concisely.
• Willingness to travel for conferences.

Responsibilities

• Conduct independent research on macroeconomics, banking and regional economics for publication.
• Present research at academic and Federal Reserve conferences.
• Provide policy briefings and counsel Bank leadership on the economy.
• Mentor research assistants and contribute to research programming.

Skills

Analytical thinking

Communication skills

Presentation skills

Team collaboration

Education

Ph.D. in economics

Tools

STATA

R

Python

Job description

Company

Federal 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 [e-mail].
• 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.

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Economics/Research Family Group

Work Shift

First (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.

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