Ivanka Trump was pictured smiling broadly on Friday as rumors swirled that she will take on the First Lady role for at least a year while Melania stays on in New York to see her son finish elementary school.

Slovenian-born Melania is reportedly keen to stay in New York until 10-year-old Barron finishes in final year at a prestigious private elementary school in the city.

Ivanka is currently one of several Vice Presidents at the Trump Corporation but has been reportedly seeking to unwind herself from that role ahead of her father's inauguration as the 45th President on January 20.

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All smiles: Ivanka Trump skipped a winter coat on Friday morning despite the frigid New York City temperatures

First Lady material? Ivanka (right) is reportedly considering accompanying her father on some official visits in the absence of his wife, Melania

The last President to move into the White House without a First Lady was Grover Cleveland, who was a bachelor until his marriage in 1886.

Heat Street report that Ivanka, who played a key role in his campaign, may be angling to play the role of the ceremonial sidekick.

Ivanka and her husband, Jared Kushner, have reportedly been house-hunting in Washington DC.

The couple both attended last month's meeting between President-elect Trump and Japanese Prime Minister Shinzo Abe, which was seen as a breach of diplomatic protocol, especially as Ivanka was in the process of launching her new fashion range in Japan at the time.

Family affair: Trump's daughter Ivanka (center) and her husband, Jared Kushner (far left) were present when Donald Trump met Japanese Prime Minister Shinzo Abe last month

Absent: Melania Trump (right) is said to be keen to stay on in New York until the summer, so their son Barron (left), can complete his final year at Columbia Grammar & Preparatory School in Manhattan

Kushner's father Charles, a multi-millionaire real estate developer, was jailed in 2005 for tax evasion, witness tampering and making illegal donations to the then Governor of New Jersey, Jim McGreevey, a Democrat.

The current Governor of New Jersey, Chris Christie, was one of the first big names in the Republican Party to endorse Trump but his hopes of landing a key job in Trump's Cabinet seem to have been dashed.

Ivanka and her husband are both understood to be influential figures in the transition team, who the President-elect holds in high regard.

Former House Speaker John Boehner yesterday compared Trump to Teddy Roosevelt, who he said was another 'larger than life' character.

Roosevelt dispatched his daughter, Alice, on a global tour that took her to Japan, China, and the Philippines.