Senior Macroprudential Specialist - FST - Finstab at South African Reserve Bank

Brief description

• The main purpose of this position is to lead the development and implementation of stress-testing frameworks aimed at promoting stability within the financial system. This involves conducting quantitative analyses to identify potential systemic risks and providing guidance to policymakers on the resilience of financial institutions under various stress scenarios.

Detailed description

The successful candidate will be responsible for, but not limited to, the following key performance areas:

• Lead the development and implementation of top-down and bottom-up stress-testing frameworks, including methodologies, processes and models.
• Conduct stress-testing exercises and report the results to policymakers. 
• Do research to inform the assumptions and relationships that underpin the relevant models.
• Investigate macroeconomic stress testing and possible financial stability risks to detect systemic vulnerabilities early and provide detailed reports on the findings.
• Build economic models to test the resilience of financial institutions. 
• Demonstrate an understanding and application of all methodological standards, techniques and protocols relevant to the work. 
• Prepare briefings and presentations on stress-test results, research findings and economic analyses and present these to internal and external stakeholders.
• Support the skills development of junior specialists by providing guidance on the subject matter in your scope of work.
• Independently deliver work and determine deliverables from a range of prescheduled and ad hoc team responsibilities.

Qualifications
Job requirements

To be considered for this position, candidates must have:

• a Master’s degree in either Economics, Econometrics, Mathematics, Statistics or Actuarial Science, or an equivalent qualification;
• a minimum eight years’ job-related experience with a background in stress testing, model development and/or quantitative analysis of systemic risk in the financial sector; and
• experience in relevant programming languages, such as Python, Matlab and ‘R’ will be an added advantage.

Additional requirements include: 

• proven facilitation and presentation abilities (considered an advantage);
• sound knowledge of economic and financial theories and macroprudential policies;
• an understanding of stress testing of the banking/insurance sectors or a similar environment;
• knowledge of the insurance and banking regulatory frameworks and international standards;
• experience in macroeconomic and/or microeconomic modelling;
• proficiency in project management and risk management;
• excellent interpersonal, verbal and written communication skills; and
• proficiency in using Microsoft Office products, including Word, Excel and PowerPoint.

Deadline:6th February,2026