Job Title: Research Assistant
Job Code: K56411
Last Updated: April 23, 2013
Provides research assistance in the form of computer programming to access and manipulate data, producing charts and other graphics, and conducting statistical and econometric analysis. Responsible for successfully performing duties associated with providing support services and economic analysis of the highest quality while adhering to the policies and procedures of the Research Department and the Bank. Essential performance includes dedication to fulfilling expectations and requirements of both internal and external customers and management of priorities. Capable of adapting to change and committed to continuous improvement, both in the delivery of support services and in self-development; communicates clearly and accurately, both verbally and in written form.
1. Provides a high level of support for economists and officers by locating, obtaining and compiling statistical data, constructing files, producing charts and other graphics, and performing statistical and econometric analysis under the direction of economists and officers for use in the Federal Open Market Committee briefing document, speeches and presentations, the monthly Board of Director’s Report and other projects and publications. Contributes with ideas and suggestions for project improvement. Provides assistance on special projects as assigned; serves as backup support for other research assistants and research analysts as necessary.
2. Update and maintain statistical models regularly used for economic analysis, implements new models or improves existing ones under the guidance of economists through programming in various statistical packages—Eviews, SAS, STATA—and contributes to their development.
3. Maintains a current knowledge of economic and business conditions for the Eleventh District and nation by attending and participating in departmental meetings such as Economic Overview prebriefings, by studying the material requested by economists and asking questions, and by reading periodicals, books, and professional papers.
4. Performs miscellaneous research support activities such as literature searches, data gathering, etc. as requested. 5. Responds to outside requests for information from financial and academic communities, the general public and media as needed and as is consistent with other duties. Conducts data and information searches and assembles data or directs people to appropriate internet resources to fulfill requests.
Bachelors degree in economics.
Knowledge of macroeconomic and microeconomic theory, and international economics for a good level of understanding of principles and objectives behind various research projects.
Project management skills; oral and interpersonal skills.
Knowledge of Microsoft Office suite.
Ability to work under pressure to meet deadlines.
Ability to learn new software quickly.
Several core competencies have been identified as most important in fulfilling the responsibility of the research assistant. The competency and performance traits include, but are not limited to the ability to work effectively while maintaining a positive team environment, the ability to prioritize work responsibilities and successfully respond to changing customer requirements, and the ability to communicate effectively with many personalities. Essential competencies also include the ability to make quality decisions with minimal guidance and instruction, to establish and achieve measurable self-development goals, and to exude professionalism, discretion, humility, honesty and integrity in work at all times.
In addition to the above requirements, candidates will be measured against these key competencies:
Team Player – Is seen as a team player and is cooperative with other staff members. Easily gains trust and support of peers. Encourages collaboration and builds appropriate rapport. Uses diplomacy and tact when dealing with staff members. Is considerate of other’s time and space.
Dealing with Ambiguity – Can effectively cope with change, shift gears comfortably; and decide and act without always having the total picture. Does not get unduly upset when things are up in the air. Maintains a calm, and positive attitude. Can multi-task, but does not have to finish things before moving on to other projects. Is able to comfortably handle risk and uncertainty.
Functional/Technical Skills – Has the functional and technical knowledge and skills to do the job at a high level of accomplishment. Understands the job duties and requirements for accomplishing performance requirements.
Time Management – Uses his/her time effectively and efficiently; sets priorities; values time. Efficiently spends time on those projects, duties, and responsibilities to add value. Is able to separate the critical few from the trivial many and concentrates efforts accordingly.
Organizing – Can marshal resources to get things done; can orchestrate multiple activities at once to accomplish a goal. Organizes and arranges information and files in an orderly and useful manner.
Planning – Sets objectives, goals, and breaks down activities and projects into the appropriate process steps and action. Accurately scopes out length and difficulty of tasks and projects. Develops and adheres to schedules for assignments. Anticipates and adjusts for problems and roadblocks. Measures performance against goals and evaluates results.
The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required. 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 (e.g., emergencies, rush jobs, change in workload, or technological developments).
ECON E390 Undergraduate Seminar in Economics: Network Games
The recent financial crisis has reminded us of how interconnected the banking and investment banking communities are through the notion of “too big to fail.” Failure of one large bank can bring down others as each is connected by a network of parties and counterparties through the vast array of non-exchange traded derivative securities and debt instruments (e.g. swaps, bonds, and overnight repurchase agreements in the money market).2 Many other markets are connected as well and in very different ways from one another. For example, stimulating innovation by the creation and support for industrial clusters is common in the life sciences industry. These clusters are heavily networked with connections extending from the private sector to universities and government funded laboratories.
This new course will take students through the descriptive foundations of networks as graphs, discuss equilibrium ideas from game theory and adapted to explaining relations on a given graph as the outcomes of a game between strategic players, how markets can be designed to take advantage of networks (e.g. auction and matching market designs), and why certain networks form, and others fail.
The Kenan-Flagler Business School
University of North Carolina at Chapel Hill
June 24-August 2, 2013
A Summer Program for Undergraduates Interested in Global Entrepreneurship
Join budding entrepreneurs, like yourself, by attending the Summer Business Immersion at the University of North Carolina’s Kenan-Flagler Business School!
Undergraduate students from all disciplines who would like to create, launch or market a business or product will acquire valuable knowledge and skills at one of the world’s best business schools. UNC Kenan-Flagler is known for excellence in both entrepreneurship and sales strategy.
This unique five-week program runs June 24 – August 2, 2013. The application deadline is April 15, 2013.
Prepare for career success and make lifelong friends at UNC Kenan-Flagler, where you will experience the science and heart of business.
To find out more about the program and apply, go to http://www.ciber.unc.edu/summerbusinessimmersion/
To schedule an advising appointment, please use StarNet https://starnet.indiana.edu/.
Directions and links are provided in the top menu, under the page entitled "Schedule an Advising Appointment."