Senior Macroprudential Specialist at South African Reserve Bank

The main purpose of this position is to lead the quantitative and qualitative assessment of vulnerabilities in both the domestic and the global macroeconomic environments as well as in financial markets.

Detailed description

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

• Conduct detailed research and analyses on possible financial stability risks in the domestic and global macroeconomic environments and in financial markets in order to provide technically accurate reports and policy recommendations, and demonstrate the ability to defend findings at the Financial Stability Committee (FSC).
• Apply international best practice to identify and develop tools for the measurement of systemic risks in the financial system.
• Contribute to research for the Financial Stability Review (FSR), coordinate the drafting of sections, and quality-assure sections of the publication.
• Deliver work independently, and determine deliverables from a range of prescheduled and ad hoc team responsibilities.
• Validate data (including data for submission to external parties, publications and presentations), and ensure the reconciliation thereof with historical trends and all related economic data.
• Quality-assure and integrate the analyses and reports of junior economists and analysts.
• Make presentations on financial stability to senior management and various committees of the South African Reserve Bank (SARB) as well as to external stakeholders.
• Apply emerging knowledge in own field of expertise, prepare case studies, run research seminars for colleagues, and mentor junior staff.
• Use networking effectively to build relationships with both internal and external stakeholders.

Job requirements

To be considered for this position, candidates must:

• have the minimum of an Honours degree in Economics, Finance or Econometrics, or an equivalent qualification;
• have the minimum of 8–10 years of job-related experience, with a strong background in macroeconomics and/or financial markets;
• be proficient in the use of quantitative methods of analysis; and
• have knowledge of macroprudential theory and policies.

Additional requirements include:

• Knowledge of the South African financial system and regulatory environment;
• Economic and/or financial market research knowledge and skills;
• Proven facilitation and presentation skills;
• Experience in project management and risk management;
• Excellent interpersonal skills;
• Excellent verbal and written communication skills; and
• Proficiency in the use of Microsoft (MS) Office products such as MS Word, Excel and PowerPoint.

Closing Date: 27th, July 2022