Macroprudential Specialist 3 - Pretoria, South Africa - Emampondweni Personnel Recruitment

Emampondweni Personnel Recruitment
Emampondweni Personnel Recruitment
Verified Company
Pretoria, South Africa

1 week ago

Thabo Mthembu

Posted by:

Thabo Mthembu

beBee Recruiter
Description

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 topdown and bottomup stress testing frameworks (methodologies, processes, models etc.).
  • Conduct stresstesting exercises and report the results to policymakers.
  • Conduct research to inform the assumptions and relationships that underpin the relevant models.
  • Conduct research on macroeconomic stresstesting and possible financial stability risks to enable the early detection of systemic vulnerabilities and provide thorough reports on the findings.
  • Build econometric models to stresstest 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 stresstest 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 jobrelated experience with a background in stresstesting, 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 stresstesting 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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