Reports to: Chief Economist/ General Manager- Research, Projects & Innovations
Job Responsibilities/ Accountabilities:
Macroeconomic research and key ratios analysis (Global, African, EAC / Kenya/ County Governments)
Econometric time series data model development, and model risk management e.g. Interest Rates, Forex rates , Inflation, GDP etc
Preparation and publication of the bank’s monthly/quarterly Economic Research bulletin
Strategic Competitive Intelligence (CI) , peer performance , external Environment PESTEL scanning, Game Theory Analysis – Undertand top competitors; strengths, weaknesses, opportunities, approach to compete and win
Macroeconomics Opportunities and Risks Analysis
Thought Leadership branding of the bank on macroeconomics perspectives
Policy and legal regulatory risks analysis, preparing written submissions to regulatory bodies and provide guidance to business units on regulatory issues e.g. CBK MPC,
Interest rate capping, PSD2, GDPR, Basel3 etc.
County/Sovereign/ political risk analysis for Group and subsidiaries
Developing monthly Assets and Liability Committee (ALCO) Macroeconomic briefs
Industry, Investor & customer confidence level surveys
Conduct detailed financial modeling, business opportunity assessments and other financial analyses to support strategic decision making
Entry of new markets and industries feasibility research e.g. Platform economy ecosystems business models
Strategic research on product, process and business model innovationsInterpreting and summarising analysis of key Macroeconomic events e.g. Budget reading for EAC countries / Economic Survey/Household survey/ Vision 2030 MTP/ County strategic plans / Global Findex / IMF FAS/ Country Credit Ratings etc
Development of strategic policy frameworks for ALCO, CEO and Board – Deliver executive level presentations to enhance strategic decision making and support recommendations
Designing, populating and maintaining proprietary macroeconomic database for the bank
Model performance review using technologies like KS (Kolmogorov Smirnoff Statistic and AUC (Area Under the Curve), model stress testing and back testing knowledge
Forge relationships with senior level leaders internally and within external partners
Present analytics proposals, solutions & key insights/recommendations at strategic level
The Bank Economic and Social Impact quantification research
Adhoc research to support busienss units, leaders , new innovation and business case development
Other duties as assigned/required
Essential Knowledge
Thorough knowledge of Econometric and financial time series modelling
Excellent understanding of Macroeconomics and Advanced statistics
Understanding of the role of Economic analysis and modelling to the business growth and enterprise risk management of the bank
Capability to know the power of branding the bank through macroeconomic thought leadership
Survey questionnaire method, ARIMA modelling, Cross section and panel data methods
Mastery of key data science tools including R programming, Python, Statistical softwares (SAS, SPSS, Epi Info etc)
Macroeconomic policy analysis
Data management and storage
Key Critical Competencies
Quantitative analysis bias with good understanding of qualitative analysis
Financial time series data modelling
Macroeconomic , policy and statistical analysis
Model performance review
Macroeconomic Database management
Strategic thinking, serial innovation , creativity , analyzing complex problems, evaluating impacts and implementation challenges, and providing recommendations/ creative alternate solutions
Excellent communications and interpersonal skills with the ability to convey complex ideas effectively
Results oriented with an ability to work under stringent timeframes and under minimal supervision
Excellent interpersonal and networking skills
Exceptional analytical and problem solving skills, with attention to detail more so in macroeconomic and policy briefs writing
Excellent planning, project management , monitoring and evaluation skills
Techo-Business skills-high ICT literacy and competency for business growth
High emotional intelligence , negotiation and influencing skills
Self-driven , passionate, energetic, self-motivated and enthusiastic team player who is change oriented
Research, analysis and the development of policy options on complex macro environment issues
Strategic thinking (Analysis and idea)
Ability to manage and deliver on multiple priorities with demanding timelines
Assertiveness, resilience & adaptability when working in ambiguous, challenging situations
Requirements:
Strong quantitative degree e.g. Economics & Statistics, Economics & Maths, Economics & IT, Financial Engineering, Actuarial Science and Data Science.
Msc/MA/Mphil in Economics, Statistics, Financial Engineering, Actuarial Science
Hands on in Statistical softwares like SAS, SPSS, Epi Info etc
Mastery of data science tools and programming languages – SQL, R, Python, Data bricks, tableau, Qlik, Power BI etc
Proven ability of macroeconomic and financial times series modelling eg BA/BSC/Msc/MA/Mphil thesis paper
Proven ability to quickly acquire and learn new complex information and use it in creating new business value
Proven ability to meet strict deadlines, identify and solve problems comprehensively
A highly analytical individual who is curious and creative with a strong internal desire to innovate and improve
Creative thinker with a proven record of taking initiative and working with a limited formal structure
Only shortlisted candidates will be contacted.
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