(1198) Macroprudential Specialist-Finstab at South African Reserve Bank

Detailed description

The successful candidate will be responsible for the following key performance areas:

• Lead both quantitative and qualitative systemic risk assessments and present findings to policymakers.
• Analyse and synthesise data and information from a variety of sources to identify trends, themes and patterns; draft key findings, and present recommendations that are financial stability relevant, impactful and implementable to both internal and external stakeholders.
• Recognise, interpret and report on developments in the domestic and international financial sector and/or financial markets that may have actual/potential systemic impacts on the financial system.
• Develop the scope, research and compile high-quality, concise and clear reports and presentations on the findings which have clear implications for policy makers on the stability of the domestic financial system.
• Conduct research using established methodological standards and techniques to inform the assumptions and relationships that underpin economic and other models.
• Build econometric models, run short-term simulation exercises, and analyse and explain model results.
• Develop and implement top-down and bottom-up stress testing frameworks, including methodologies, processes and models.
• Stay abreast of methodological developments for common scenario stress testing, analyse how these changes impact current methodologies and propose/change current methodologies based on identified changes. 
• Support the execution and reporting of stress testing exercises in the financial system to provide advice to policymakers.
• Review sections of work produced by team members, and verify and validate that the specific deliverables have been completed in accordance with departmental quality assurance standards.
• Support the skills development of junior specialists by providing guidance on the subject matter within your own scope of work.
• Contribute to and support other strategic projects/objectives as required.  

Job requirements

To be considered for this position, candidates must be in possession of:

• a minimum of an Honours degree in Economics, Econometrics, Finance, Statistics, Investment Management or an equivalent qualification; and
• a minimum of five years’ relevant job-related experience in macroeconomics, econometrics, finance and/or quantitative analysis of systemic risk in the financial sector.

The following would be an advantage: 

• proven experience in financial regulation; 
• a proven research record, including publications in accredited journals; and
• a master’s degree in Economics or a related field.