When you press new, the select item is shown and can be clicked on, since it's only then you should select a user for one you're creating. For the same reason it's not shown on edit since you don't change an existing one (of course can be different in other parts of our system)
(here you can also see the thing where I'm filtering out users already in the grid :) )
Edit: with "edit the user" I assumed you meant changing the user for the time bank. That should not be possible here, each user has a timebank and you don't re-assign it, so we don't show the select item for the edit use case. You can of course edit the user itself, but that's in another tab.
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