Macroprudential Specialist 3

5 days ago


Pretoria, South Africa Emampondweni Personnel Recruitment Full time

**Job title: Macroprudential Specialist**

**Location: Head Office, Pretoria**

**Organisation: Macro financial Vulnerabilities Division Department: Financial Stability Department**

**Brief description**

The main purpose of this position is to lead the development and implementation of stress testing frameworks in order to promote stability in the financial system. This includes a quantitative analysis of potential systemic risks and advising policymakers on the soundness of financial institutions under stress scenarios**.**

**Detailed description**
- Contribute to the development and implementation of top-down and bottom-up stress testing frameworks (methodologies, processes, models etc.).
- Conduct stress-testing exercises and report the results to policymakers.
- Conduct research to inform the assumptions and relationships that underpin the relevant models.
- Conduct research on macroeconomic stress-testing and possible financial stability risks to enable the early detection of systemic vulnerabilities and provide thorough reports on the findings.
- Build econometric models to stress-test the resilience of financial institutions.
- Contribute to the development and implementation of monitoring frameworks for systemic risk in domestic financial institutions.
- Prepare briefings and presentations on stress-test results, research findings and economic analysis, and present these to internal and external stakeholders.
- Deliver work independently and determine deliverables from a range of prescheduled and ad hoc team responsibilities**.**

**Job requirements**
- The minimum of an Honours degree (NQF 8) in Econometrics, Economics, Mathematics or Statistics, a partial qualification in Actuarial Science, or an equivalent qualification; and
- The minimum of five years of job-related experience with a background in stress-testing, model development and/or quantitative analysis of systemic risk in the financial sector.

***

**The following would be an added advantage**:

- Experience in relevant programming languages (e.g. Matlab, python, R); significant progress with actuarial science examinations; and/or
- Proven experience in insurance regulation.

**Additional requirements include**:

- An understanding of stress-testing of the insurance/banking sectors or a similar environment.
- Knowledge of the insurance and banking regulatory frameworks and international standards.
- Sound knowledge of economic and financial theories as well as macroprudential policies.
- Experience with macroeconomic and/or microeconomic modelling.
- Proven facilitation and presentation skills.
- Experience in project management.
- Experience in risk management.
- The ability to manage time and work on multiple projects simultaneously.
- Excellent interpersonal skills.
- Excellent communication skills (verbal and written); and
- Proficiency in the use of Microsoft (MS) office products such as MS word, excel and PowerPoint.

**Ground Floor Helvetia House, Greenvale Road, Wilbart, Germiston, 1410**

**P.O. Box 1281 OR Tambo Int. Airport, Kempton Park, 1619



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