Senior Macro-prudential Specialist

2 weeks ago


Pretoria, South Africa South African Reserve Bank Full time

-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 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 Master’s 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. How To Apply All interested parties are invited to apply. - All the available vacancies will be visible. - Login: - Is this your first visit to our Job Site? > Register today (Ensure that you include all your skills and qualifications during the registration process.); or - Already registered on our Job Site? > Already registered? > Login here. - Select the ‘Date posted’ > ‘Last 3 weeks’ (in the drop-down menu). - Select the appropriate IRC number to view the full advertisement. The SARB offers remuneration and benefits commensurate with the level of the position and in line with the market. The level at which the successful applicant will be appointed will depend on his/her experience and competence. Ms Sarah Molomo Senior Manager: Recruitment and Selection Human Resources Department South African Reserve Bank Currency -ZAR -Amount of Travel -Work At Home



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