(1022) Senior Macroprudential Specialist – Finstab needed at South African Reserve Bank

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.