Reference #: R-0000012598CompanyFederal Reserve Bank of Philadelphia

　　Research assistants (RAs) play a key role in the Economic Research Department. Whether they are helping economists prepare briefings on current monetary policy issues, working on economic forecasts, writing some of our newsletters on economic conditions, or analyzing data for long-term research projects, RAs are an essential part of our team. The department is organized into four sections: Macroeconomics, Banking, Consumer Finance Institute, and Regional/Microeconomics. Within these sections, our economists conduct innovative research on monetary policy, macroeconomics, banking and finance, financial services regulation, payments, regional and urban economics, and other aspects of central banking. By working with economists on these research projects, RAs fully experience all stages of the economic research process.

　　NOTE: The start date for this position will begin in the Summer of 2023!

　　The job description below reflects the higher level of a dual grade job posting. Candidates who possess a slightly lower level of experience, education, or qualifications may also be considered.

　　Thefor this position is 8/10.

　　The Federal Reserve Bank of Philadelphia is one of the 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System.It helps formulate and implement monetary policy, supervises banks and bank and savings and loan holding companies, and provides financial services to depository institutions and the federal government.The Federal Reserve Bank of Philadelphia serves eastern and central Pennsylvania, southern New Jersey, and Delaware.

　　Job DescriptionOur department prides itself on its collegial atmosphere. RAs help one another develop their statistical, data, and programming skills. Our economists collaborate on research with academic and central bank colleagues from around the world; as a result, so do our research assistants.

　　The assignments in the Economic Research Department offer our RAs a number of ways to increase their knowledge of economics and their analytical skills. Moreover, RAs have access to a number of training and education opportunities, including courses in computer software and programming languages, as well as undergraduate and graduate courses in economics, statistics, and mathematics.

　　Working as a RA at the Philadelphia Fed is a rewarding experience, whichever career path you ultimately choose to pursue. Our RAs have gone on to top graduate schools in economics, public policy and law; some have found opportunities in other departments in the Bank; and others have moved into higher positions within the Economic Research Department.

　　RAs typically work at the Philadelphia Fed for two to three years before continuing on to graduate programs or other careers in economics or related fields.

　　To Apply: Please attach your cover letter, resume, and unofficial transcript to the Attachments tab. We may ask for 2 letters of recommendation, but, please do not have them sent until requested by the hiring team.

　　Requirements:Undergraduate or graduate degree in economics, mathematics, or statisticsCoursework in econometrics or advanced statistics, preferredProgramming experience, preferably in SAS, STATA, R, Python and/or Matlab

　　Responsibilities include:Assisting economists with statistical and econometric analysis for long-term, academically oriented research projectsAssisting economists with reports and presentations on current economic and financial conditions for pre-FOMC briefingsProducing various Bank publications for public consumption

　　On a day-to-day basis, RAs are expected to:Identify and collect data or other information from academic journals, market sources, and government reportsWrite computer programs using statistical software such as SAS, Stata, R, Python and MatlabReview, organize, and analyze economic and financi l dataWrite or help prepare reports and presentations in the form of graphs or tables

　　Other:Our benefit plans are designed to be the best fit for you at every stage of your career!

　　Medical (4 options), Prescription, Dental (3 options), and Vision Insurance with no waiting period

　　401k/Thrift Plan with generous employer match

　　Employer-funded Pension Plan

　　Paid Vacation/Sick Time & Holidays

　　Monthly $100 Commuter Allowance

　　Flexible Spending Accounts and Healthcare Spending Accounts

　　Flexible Work Schedule available in most departments

　　Life Insurance and Long Term Disability Insurance

　　Tuition Reimbursement

　　Parental Leave

　　Free onsite 24/7 Fitness Center including training classes, Peloton bikes and locker room / shower facilities

　　Onsite Cafeteria & Coffee Shop

　　Additional Convenience Benefits, Discounts and More...

　　The Federal Reserve Bank of Philadelphia believes that diversity, equity and inclusion among our employees is essential to our success as an organization, and we want to recruit, develop and retain the most accomplished people from a diverse candidate pool. To support a workplace culture of belonging, we offer eight employee resource groups (ERGs) and a 100 percent rating on the Human Rights Campaign (HRC) Corporate Equality Index. The Federal Reserve Bank of Philadelphia is proud to be an equal opportunity workplace.

　　We have eight employee resource groups (ERGs) to support a diverse workforce. Abilities (supporting disabilities and allies), African Heritage, Asian-Pacific, Freedom (supporting LGBTQ+ and allies), Talent Forward (supporting career growth), Women United, Working Families and Veterans. ERGs are open to all employees.

　　We will ensure that individuals with disabilities are provided reasonable accommodations to participate in the job application or interview process, to perform essential job responsibilities, and to receive other benefits and privileges of employment.

　　All Federal Reserve Bank of Philadelphia employees must comply with the Bank's ethics rules, which generally prohibit employees, their spouses/domestic partners, and minor children from owning securities, such as stock, of banks or savings associations or their affiliates, such as bank holding companies and savings and loan holding companies. If you or your spouse/domestic partner or minor child own such securities, and would not be willing or able to divest them if you accepted an offer of Bank employment, you should raise this issue with the Recruiter for this posting, who can provide you contact information for our ethics officer if necessary. You should review the  to ensure compliance with conflict of interest rules and personal investment restrictions.

　　Background investigations and drug testing are required for all new hires as a condition of employment, after the job offer is made. Candidates for positions deemed as "safety sensitive" will also be screened for the presence of marijuana. Employment may not begin until the Bank accepts the results of the background investigation.

　　All employees 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.

　　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 fo