Senior Macroprudential Specialist

1 week ago


Pretoria, South Africa Emampondweni Personnel Recruitment Full time

**Job title: Senior Macroprudential Specialist (Stress Testing)***

**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 quantitative analysis of potential systemic risks and advising policymakers on the soundness of financial institutions under stress scenarios.

**Detailed description**

key performance areas:

- Lead the development and implementation of top-down and bottom-up stress-testing frameworks (methodologies, processes, models, etc.).
- Conduct stress-testing exercises and report 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 findings.
- Build economic models to stress test the resilience of financial institutions.
- Prepare briefings and presentations on stress-test results, research findings and economic analysis, and present to internal and external stakeholders.
- Deliver work independently and determine deliverables from a range of prescheduled and ad hoc team responsibilities.

**Job requirements**
- A Masters degree in Economics, Econometrics, Maths, Statistics, Actuarial Science or an equivalent qualification; and
- Six years 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 advantage**:

- Experience in relevant programming languages (eg. Python, Matlab, R).

**Additional requirements include**:

- Proven facilitation and presentation skills (would be an added advantage);
- Sound knowledge of economic and financial theories as well as 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 with macroeconomic and/or microeconomic modelling;
- Experience in project management and risk management;
- Excellent interpersonal, verbal and written communication skills; and
- Proficient in the use of Microsoft (MS) Office products such as MS Word, Excel and
- PowerPoint.



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