3-5 years of experience
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Employment Type:
Full time
Job Category:
SRC Research Assistant
(This job is no longer available)
Federal Reserve Bank | Baltimore, MD
Grad Date

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Job Description

Research Assistant

Requisition #250436

The Supervision, Regulation and Credit (SRC) Department is looking for a SRC Research Assistant in its Quantitative Supervision & Research (QSR) Unit (https://www.richmondfed.org/banking/qsr). The SRC Research Assistant assists the QSR economists and analysts with research, analytical projects, and supervisory initiatives; performs basic economic and statistical analyses using Matlab, SAS, Stata, and other data storage/econometric software to support the research initiated by economist group initiatives; and co-authors analytical products and, at times, research papers with the economists . The position is located in Baltimore, MD but Charlotte, NC could be considered.

With an application, candidates are required to submit a resume (CV), cover letter, and university transcript(s). Transcripts (unofficial copies are okay at this time) and other required documents should be uploaded as attachments to your electronic submission.

Essential Job Responsibilities include but are not limited to the following:

* Performs economic, financial, econometric, and statistical analyses; organizes data for analysis and writes computer codes using mathematical and statistical software such as Matlab, SAS, and Stata. If required, learns additional software packages and database systems.
* Co-authors analytical work with economists and analysts.
* Performs more general research and analysis on topics related to the economy, financial markets, banking and bank supervision.
* Gathers data and writes documentation of data sources and statistical tests that have been performed on the data.
* Reviews literature on research topics, determines what information is relevant to the project and provides economists with summaries of findings, both orally and in writing. Proofreads/edits early drafts of memos, reports, papers, and other regulatory documents.
* Provides organizational support to ongoing QSR initiatives (such as critical issues surveillance, web redesign, and business intelligence). Prepares draft memos for department senior economists and managers.
* Actively participates in the QSR seminars, team meetings and conference calls. Participates in System and industry training courses/workshops/conferences and communicates emerging trends, commonalities, and key "take-aways" to economists and managers.
* Develops banking/regulatory knowledge through hands-on assignments, self-study, and formal training.
* Performs other duties as assigned or requested.
* Can effectively balance multiple responsibilities and can work well under pressure.
* Approximate travel of 5%.
* The deadline for applying on line is 5:00PM on July 20, 2017.
* The hiring range is $60,670 - $75,838, annually.
* Salary offered will be based on the job responsibilities and the individual's knowledge, skills and experience as defined in the job qualifications/experience.
* The selected candidate will be subject to special background check procedures.

Qualifications/Experience (required):

* Bachelor's degree with considerable coursework in economics and/or finance, mathematics and statistics (minimum) with minimum of three (3) years of relevant research experience in research position. A minimum GPA of 3.0 or higher is strongly preferred. A Master's degree in economics, finance, statistics, or a related field is highly desired.
* Proven academic success in econometrics, mathematics, statistics, finance, and banking courses.
* Proven experience with spreadsheet/presentation software, including preparing summary charts, graphs, and tables.
* Proven experience in computer programming, particularly in data manipulation and statistical analysis (mainframe or desktop).

Special Considerations:

* An applicant posting for employment as a Federal Reserve examiner/analyst must be a U.S. citizen or hold a permanent residence visa/Green Card and be an intending citizen. Sponsorship or practical training extensions are not available for this position.
* Under conflict of interest guidelines administered by the Board of Governors of the Federal Reserve System, examining personnel may not participate on an examination of a financial institution or affiliate if the examiner was employed by the financial institution or affiliate within the past 12 months.
* Please review the FRB Employee Code of Conduct to ensure there are no major issues related to your previous employment and current financial interests. (The Code is available on the About Us, Careers webpage at www.richmondfed.org.; the relevant sections are 5.3 and Appendix B, Parts I, II and III).

FRB ethics rules generally prohibit employees and their immediate families from owning investments in banks, savings associations or their holding companies (Section 5.3). Additionally, employees engaged in Supervision and Regulation may be subject to borrowing and deposit restrictions. These employees may need to recuse themselves from certain supervisory work based on:

* their borrowing relationships (Appendix B Parts I.1, II.1 and II.2),
* if a financial institution employs a member of the employee's immediate family (i.e. spouse, child, parent, or sibling) (Appendix B Part I.3 and Part II.3),
* if the individual was employed by the financial institution or affiliate within the past 12 months (Appendix B Part I.3 and II.3).

In certain cases, the recusal may be so extensive it could materially reduce the effectiveness of the prospective employee.

About Federal Reserve Bank

The Federal Reserve Banks offer a full range of financial services including FedCash, Check including FedForward, FedReturn and FedReceipt, FedImage Services, FedACH, Fedwire Funds Service, Fedwire Securities Service and National Settlement Service. In addition, the Federal Reserve Banks offers services designed to support the use of Financial Services, including Account Management Information and Service Charge Information.