Federal Reserve System Logo

Federal Reserve System

Research Analyst

Posted 5 Days Ago
Be an Early Applicant
In-Office
New York, NY, USA
73K-73K Annually
Entry level
In-Office
New York, NY, USA
73K-73K Annually
Entry level
Two-year Research Analyst program supporting economists and senior research staff with policy and long-term research. Responsibilities include assembling data, creating charts, tables, spreadsheets, econometric analyses, model estimation and simulations, literature and archival research, and preparing reports, memos, presentations, and articles. The role also supports briefing materials for senior Bank leadership and FOMC-related documents.
The summary above was generated by AI
CompanyFederal Reserve Bank of New York

When you work at the New York Fed, you have the opportunity to make an impact in our communities and across the nation. Our mission-driven, curious, and dedicated colleagues apply their diverse perspectives and unique talents to support the strength of the U.S. economy and stability of the global financial system.
At the Bank, we work full-time onsite with our teams. We believe being physically together allows us to draw on our collective strengths, while recognizing that the ability to work flexibly from time to time remains important to achieving our mission.

Our Unique Work:

The Research Analyst (RA) Program is a two-year program.  At the direction of economists and senior research analysts or research associates, the Research Analyst will help prepare analyses, reports, and other materials for policy and research projects.

How You’ll Make an Impact as a Research Analyst:

  • Develop the ability to assist economists and senior staff in their Bank policy work. You will: download and assemble data; prepare charts and tables; create and maintain spreadsheets; use statistical, econometric and other software packages to perform analyses and model estimation and simulations; and assistance in preparing memos and presentations.

  • Develop the ability to assist economists and senior staff in their long-term research. You will: perform literature reviews and archival research; download and assemble data; prepare charts and tables; create and maintain spreadsheets; use statistical, econometric and other software packages to perform analyses and model estimation and simulations; and help with writing and proofreading articles.

  • On a rotating basis, provide support to: (1) the production of documents prepared for regular briefings of the Bank president, senior management, and the Bank`s Board of Directors; (2) the production of material included in the Blackbook and other briefing documents produced as part of the FOMC cycle; (3) the production of other reports to carry out the Bank`s and Research Group`s goals; and (4) the performance of other tasks to accomplish the Bank`s and Research Group`s goals.

The Unique Skill Sets We’re Looking For:

  • Experience in Economics, Mathematics, Statistics, or related field.

  • Experience in data analysis and using statistical packages (e.g., R, Stata, Matlab, Julia, SAS, Gauss, TSP, RATS, EViews, PROCSQL), or other computer programming experience (e.g., Java, C++, Python).

  • Work cooperatively in a team environment

Both resume and unofficial transcript are required to be submitted as part of our application to be considered for this role.

The applicants for this role will be recruited to start in the Summer of 2027.

Application Deadline: September 14, 2026

Salary: $73,000 / year  

We believe in transparency at the New York Fed. This salary range reflects a variety of skills and experiences candidates may bring to the job. We pay individuals along this range based on their unique backgrounds. Whether you’re stretching into the job or are a more seasoned candidate, we aim to pay competitively for your contributions

Please note that the 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. Candidates who are permanent residents may be eligible for the information access required for this position if they sign a declaration of intent to become a U.S. citizen and pursue a path to citizenship and meet other eligibility requirements.  

How We’ll Support You: 

Our programs and benefits are designed to support you through all your life stages:

  • Learning & Growing: Educational assistance, career development tools, and stretch opportunities

  • Supporting Your Family: Parental leave, adoption assistance, back-up dependent and elder care, college planning resources, and more

  • Managing Your Health: Comprehensive insurance plans, leave policies, onsite Health & Wellness Center, and onsite Fitness Center

  • Optimizing Your Finances: Pension plan, 401(k) with generous match, financial planning resources, and subsidized public transportation program

Find Out Why We’re an Award-Winning Workplace:

  • Top 3 Most Inspiring Public Sector Workplaces in North America (Inspiring Workplaces, 2024, 2025)

  • Early Talent Award Winner (Handshake, 2024, 2025)

  • Campus Forward Award Winner (Ripple Match, 2023, 2024, 2025)

Our culture is deeply grounded in our Touchstone Behaviors. By working with us, you’ll have the opportunity to develop and demonstrate your ability to Communicate Authentically, Collaborate Inclusively, Drive Progress, Develop Others, and Take Ownership. These competencies shape our culture here at the Bank. They also provide a shared language for how we work together and achieve success and set clear expectations for leading with impact at every stage of your career. Learn more. 

The New York Fed expects its employees to perform their duties with honesty, integrity, and impartiality, and without improper preferential treatment of any person. Learn more about our code of conduct and conflicts of interest rules. 

   

We value accessibility for all candidates and are happy to provide an accommodation or assistance. Please email us at [email protected] and we’ll be glad to help. Please note, this email box is designed exclusively to assist job applicants with accommodation requests. All other inquires, including the status of applications, will not receive a response.

This is not necessarily an exhaustive list of all responsibilities, duties, performance standards or requirements, efforts, skills or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed when circumstances change. 

Full Time / Part TimeFull time

Regular / TemporaryRegular

Job Exempt (Yes / No)Yes

Job CategoryEconomics/Research Family Group

Work ShiftFirst (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.

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.

Privacy Notice

Similar Jobs

Junior
Financial Services
Support equity research and investment process for endowment and foundation multi-asset portfolios. Conduct original research across global equities, assist portfolio implementation and due diligence, maintain research and analytics tools, present findings, and collaborate with internal and external stakeholders on trade planning and performance analysis.
Top Skills: BloombergExcelFactsetPowerPoint
Junior
Financial Services
Develop and implement analytics, pricing and lifecycle models for equity exotic derivatives using C++/Python hybrids and machine learning. Build dependency-graph-based product frameworks, validate models, document for approvals, monitor model risk, and support traders with risk explanations and scenario analysis.
Top Skills: C++Dependency-Graph ProgrammingFinite-Difference PdeMachine LearningMonte Carlo SimulationNumerical PackagesPythonStatistical Analysis
Internship
Financial Services
Summer analyst will build and maintain quantitative models and algorithms for systematic trading and market-making, value and hedge transactions, conduct alpha research, calibrate models, optimize portfolios, and collaborate with traders, technologists, risk, and sales to deploy data-driven trading strategies.
Top Skills: Algorithmic TradingC++Data ScienceElectronic TradingMachine LearningMarket MakingOptions Pricing TheoryPortfolio OptimizationPythonStatistical Modeling

What you need to know about the NYC Tech Scene

As the undisputed financial capital of the world, New York City is an epicenter of startup funding activity. The city has a thriving fintech scene and is a major player in verticals ranging from AI to biotech, cybersecurity and digital media. It also has universities like NYU, Columbia and Cornell Tech attracting students and researchers from across the globe, providing the ecosystem with a constant influx of world-class talent. And its East Coast location and three international airports make it a perfect spot for European companies establishing a foothold in the United States.

Key Facts About NYC Tech

  • Number of Tech Workers: 549,200; 6% of overall workforce (2024 CompTIA survey)
  • Major Tech Employers: Capgemini, Bloomberg, IBM, Spotify
  • Key Industries: Artificial intelligence, Fintech
  • Funding Landscape: $25.5 billion in venture capital funding in 2024 (Pitchbook)
  • Notable Investors: Greycroft, Thrive Capital, Union Square Ventures, FirstMark Capital, Tiger Global Management, Tribeca Venture Partners, Insight Partners, Two Sigma Ventures
  • Research Centers and Universities: Columbia University, New York University, Fordham University, CUNY, AI Now Institute, Flatiron Institute, C.N. Yang Institute for Theoretical Physics, NASA Space Radiation Laboratory

Sign up now Access later

Create Free Account

Please log in or sign up to report this job.

Create Free Account