Economist - Model Development Unit at South African Reserve Bank

Brief description 

The main purpose of this position is to conduct economic research and develop economic models to support policymaking within the South African Reserve Bank (SARB). Specific duties may include data collection and compilation, economic model maintenance, and development and forecasting. The position holder should be able to work with minimal supervision.  

Detailed description 

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

•  Develop and maintain economic models to analyse the domestic and global economies and to provide economic forecasts and scenarios. 
•  Monitor the economic literature for new types of modelling techniques and improve the current economic models. 
•  Conduct rigorous analytical research to support the execution of the SARB’s policy mandates.
•  Present research findings to departmental forums and/or work in partnership with other divisions/departments/organisations to expand and improve the quality and awareness of statistical information available.
•  Support on-the-job training for junior team members and monitor the implementation of work programmes. 

Job requirements 

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

•  a minimum of an Honours degree in Economics; and
•  five to ten years’ experience in the field of economic analysis, research and/or macroeconomics, microeconomics or financial economics. 

Additional requirements include: 

•  being task-orientated, with time management skills to operate in a deadline-driven environment that often requires working under pressure, without compromising on quality;
•  the ability to work independently as well as within a team/project environment;
•  good report writing and presentation skills;
•  initiative and problem-solving skills;
•  good communication and interpersonal skills; and  the ability to pay attention to detail. 

Additional details

Career path: Specialist (SP) Level: SP3 

• Enquiries relating to this position may be directed to Rowan Walter in the Economic Research Department at the following email address: [email protected] 
• This position will be advertised internally and externally. 

How to apply 

• All interested parties are invited to apply. 
• Internal applicants MUST apply through the ERP system. 
• External applicants MUST apply online, via www.resbank.co.za. 

 All the available vacancies will be visible.

 Please follow these links: WORK @ SARB > Latest vacancies.

 Login:

− Is this your first visit to our Job Site? Register today (Ensure that you include all your skills and qualifications during the registration process); or

− Already registered on our Job Site? Just login.

 Select the ‘Date posted’ > ‘Last 3 weeks’ (in the drop-down menu).

 Select the appropriate IRC number to view the full advertisement. 

Do not enclose copies of your identity document or qualifications with your application. 

Shortlisted applicants will be subjected to a psychometric assessment, an appropriate reference check and a security clearance as part of the selection process. 

The closing date for applications 18 October 2021. Late applications will not be considered. 

In line with the SARB’s commitment to diversifying its workforce, preference will be given to suitable candidates from designated groups. People with disabilities are welcome to apply. 

The SARB offers remuneration and benefits commensurate with the level of the position and in line with the market. The level at which the successful applicant will be appointed will depend on his/her competence and experience.