Company

Federal Reserve Bank of New York

The PhD Intern program allows interns to participate as members of the research community while engaged in a research project of their own choosing. They are expected to work independently and will be mentored by experienced economists both on scientific issues, and career issues such as negotiating publications, the job market, and advancement strategies. They are encouraged to attend seminars and present at least one research seminar at the during their time at the Bank. The PhD interns are typically either postdocs or graduate students at the dissertation stage.

Role Description
Experienced: Acts as a seasoned individual contributor. Works independently with limited supervision, and may manage projects/processes. Coaches and reviews the work of other professionals. Faces problems that are difficult and sometimes complex. Influences others regarding policies, practices, and procedures. Tactical (40%) –focused on the plans to achieve goals and objectives –the “how”, Transactional (60%) –carries out defined steps or processes.
Achieves operational targets with significant impact on departmental results. Works independently on larger, complex projects/ assignment. Manages entire projects or processes within their job area. Performs work under intermittent supervision with significant autonomy and discretion; plans and arranges short-term work. Meets less clearly defined goals.
Communicates with parties within and outside of their own function, which may include external organizations. Influences parties within and outside of their function at an operational level regarding policies, procedures, and practices.
Requires higher knowledge of their job area. Has practical knowledge of project and process management. Experienced understanding of business line and of specialized discipline and an understanding of the overall Bank.
Provides resolution to a diverse range of recognizable complex problems. Analysis is required to identify root cause. Uses judgment within defined boundaries to develop alternate solutions, both long and short term. Problem/Task resolution timeframe: Inclusive of shorter timeframes, but typically the majority of tasks take three to six months to resolve.

Job Summary
[The PhD Intern program allows interns to participate as members of the research community while engaged in a research project of their own choosing. They are expected to work independently and will be mentored by experienced economists both on scientific issues, and career issues such as negotiating publications, the job market, and advancement strategies. They are encouraged to attend seminars and present at least one research seminar at the during their time at the Bank. The PhD interns are typically either postdocs or graduate students at the dissertation stage.]

Core Responsibilities
[
Work independently and will be mentored by experienced economists both on scientific issues, and career issues such as negotiating publications, the job market, and advancement strategies. They are encouraged to attend seminars and present at least one research seminar at the during their time at the Bank. The PhD interns are typically either postdocs or graduate students at the dissertation stage.]

Qualifications
[Masters degree required.
Strong analytical skills, with ability to gather and analyze information, enrich a topic, prove/disprove a hypothesis, and create a narrative
Excellent collaboration skills and customer-service mindset with an ability to scope a business problem and develop creative viable options for solving it
Proven experience in delivering successful outcomes on projects with multiple stakeholders and divergent interests
Proven ability to author clear and concise presentations and other communications
]

Touchstone Behaviors
Communicate Authentically Empathetically engage one another with direct and transparent dialogue and listening. Actively discuss viewpoints with respect and compassion in a timely and candid manner, taking into account verbal and nonverbal cues. Ask questions, learn from each other, and share information widely to move the Bank's work forward. Collaborate Inclusively Inspire a diverse and inclusive environment that empowers others to contribute meaningfully. Intentionally bring a diverse set of people together to achieve positive business results. Drive Progress Grow and adapt to changing priorities in the Bank. Experiment with new concepts and take appropriate risk to drive innovation. Remain curious and action oriented, navigating through ambiguity and
uncertainty to drive outcomes. Develop Others Equitably champion, mentor, and develop others to grow professionally. Demonstrate vulnerability and empathy to create a trusted environment. Take Ownership Establish an environment of action and excellence by holding self and others accountable to execute to the highest standard.

Full Time / Part Time

Full time

Regular / Temporary

Temporary

Job Exempt (Yes / No)

Yes

Job Category

Internship

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.

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