Brief description
The main purpose of this position is to help create and implement frameworks for monitoring systemic risks and conducting stress tests to ensure the robustness and stability of the financial system. The role involves advising policymakers on emerging financial risks and vulnerabilities and assessing the soundness of financial institutions under various stress scenarios.
Detailed description
The successful candidate will be responsible for the following key performance areas:
- Lead both quantitative and qualitative systemic risk assessments and present findings to policymakers.
- Analyse and synthesise data and information from a variety of sources to identify trends, themes and patterns; draft key findings, and present recommendations that are financial stability relevant, impactful and implementable to both internal and external stakeholders.
- Recognise, interpret and report on developments in the domestic and international financial sector and/or financial markets that may have actual/potential systemic impacts on the financial system.
- Develop the scope, research and compile high-quality, concise and clear reports and presentations on the findings which have clear implications for policy makers on the stability of the domestic financial system.
- Conduct research using established methodological standards and techniques to inform the assumptions and relationships that underpin economic and other models.
- Build econometric models, run short-term simulation exercises, and analyse and explain model results.
- Develop and implement top-down and bottom-up stress testing frameworks, including methodologies, processes and models.
- Stay abreast of methodological developments for common scenario stress testing, analyse how these changes impact current methodologies and propose/change current methodologies based on identified changes.
- Support the execution and reporting of stress testing exercises in the financial system to provide advice to policymakers.
- Review sections of work produced by team members, and verify and validate that the specific deliverables have been completed in accordance with departmental quality assurance standards.
- Support the skills development of junior specialists by providing guidance on the subject matter within your own scope of work.
- Contribute to and support other strategic projects/objectives as required.