Research Assistant at Federal Reserve Bank (FRB) in Boston, Massachusetts

Job Description:

Company

Federal Reserve Bank of Boston

As an employee of the Boston Fed, you will work to promote sound growth and financial stability in New England and the nation. You will contribute to communities, the region, and the nation by conducting economic research, participating in monetary policy-making, supervising certain financial institutions, providing financial services and payments, playing a leadership role in the payments industry, and supporting economic well-being in communities through a variety of efforts. The Boston Fed is one of 12 Reserve Banks and we serve all or parts of Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont. Our mission is accomplished through our Bank's values: diversity, equity and inclusion, innovation, integrity, and leadership.

This job is eligible for a hybrid schedule and requires working on-site three days a week.The Research Assistant (RA) program at the Boston Fed is a two-year program designed for recent college graduates with a background in economics, math, statistics, or related fields. RAs work with economists on a variety of research projects and provide support for ongoing analysis of the New England, U.S., and global economies and monetary policy, as well as bank regulation, the payments system and financial markets.Positions are available in our Research Department starting in June 2025.  The Research Department provides current economic analysis and policy advice to Federal Reserve decision makers and conducts innovative research with the aim of improving our understanding of the regional, U.S. and global economies and encouraging better policy outcomes.   The Boston Fed is an equal opportunity employer and is committed to supporting and fostering diversity within the broader economics research community. If you are interested in gaining meaningful work experience, expanding your career options, and serving the public, we encourage you to apply for our Research Assistant Program.RA Responsibilities

• Review, organize, and analyze economic and financial data.


• Write programs using statistical software such as STATA, MATLAB, R, SAS or Python


• Conduct literature reviews, perform thorough data analysis, and prepare written summaries of results for economists.


• Prepare charts and tables using spreadsheet and data visualization software packages. 


• Conduct economic research for policy memos and for articles intended for publication by The Boston Fed, academic journals, and business periodicals.


• Design programs to clean data, perform statistical tests, and run regressions. Update and maintain data series regularly used by economists.


• Proofread, edit, and fact-check articles and papers.

Qualifications

• A bachelor’s degree in economics, math, statistics, computer science, international relations, or related field with concentration in economics. 


• Strong analytical, communications, and organization skills. 


• Familiarity with programming languages and statistical software packages such as STATA, Python, Matlab, R, and knowledge of statistics and econometrics. 


• Prior research or classroom experience analyzing data.

The Federal Reserve Bank is committed to a diverse, equitable and inclusive workplace and to provide equal employment opportunities to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, or military service.

This position requires access to confidential supervisory information and/or FOMC information, which is limited to "Protected Individuals" as defined in the U.S. federal immigration law. Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, and U.S. permanent residents who either are not yet eligible to apply for naturalization or who have applied for naturalization within the requisite timeframe. For this job, any offer of employment is contingent upon successfully passing a two-phase security screening.

The first phase consists of the satisfactory completion of a physical examination (including a drug screening), reference checks, and a security investigation consisting of credit and criminal history checks. The second phase, which might not be complete until after you begin working at the Reserve Bank, is an additional risk-based security screening determined by the risk rating of the position. Depending upon the sensitivity of the position, this phase may include, and is not limited to, work and residency eligibility verification, and personal interviews with the candidate, references, and prior employers.

All applicants must have been a US Citizen or a permanent resident who also resided in the United States for at least three (3) years. All employees assigned to this position will be subject to FBI fingerprint/ criminal background and Patriot Act/ Office of Foreign Assets Control (OFAC) watch list checks at least once every five years. All candidates must undergo an enhanced background check and comply with all applicable information handling rules. The above statements are intended to describe the general nature and level of work required of this position. They are not intended to be an exhaustive list of all duties, responsibilities or skills associated with this position or the personnel so classified. While this job description is intended to be an accurate reflection of this position, management reserves the right to revise this or any job description at its discretion at any time.

As a condition of employment, all Federal Reserve Bank of Boston employees must comply with the Bank's ethics rules, which generally prohibit employees, their spouses/domestic partners, and minor children from owning financial interests – such as stocks or bonds – from banks, savings associations, and systemically important financial institutions or their affiliates, such as bank holding companies or savings and loan holding companies. If you, your spouse or domestic partner, or your minor child own such assets and would be unwilling or unable to divest them if you were to accept a job offer, you should raise this issue with our recruitment team. Applicants should review the Bank's Employee Code of Conduct to ensure compliance with conflict of interest rules and personal investment restrictions.

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Work Shift

First (United States of America)

The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. 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.

Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.

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