Macroprudential Specialist


The main purpose of this position is to contribute towards the development and implementation of stress-testing frameworks to promote robustness and stability in the financial system. This includes advising policymakers on the soundness of the financial institutions and market infrastructures under stress scenarios.

The successful candidate will be responsible for, among other things, the following key performance areas:

  • Develop and implement top-down and bottom-up stress-testing frameworks (methodologies, processes, models, etc.).
  • Conduct and report on stress-testing exercises in the financial system in order to provide advice to policymakers.
  • Support the senior macroprudential specialists in coordinating and analysing the results of the stress-testing exercise with relevant stakeholders.
  • Analyse and reconcile new data with historical trends and other relevant data and sources.
  • Conduct research to inform the assumptions and relationships that underpin economic and other models.
  • Continually develop models, run short-term simulation exercises, and analyse and explain model results.
  • Compile thorough, comprehensive and descriptive reports.
  • Demonstrate an understanding and application of all methodological standards, techniques and protocols that apply to own work.
  • Prepare briefings and presentations on research findings and economic analysis, and present to the internal team.
  • Support the skills development of junior specialists by providing guidance on the subject matter in own scope of work.
    • To be considered for this position, candidates must have:
  • an Honours degree in Economics, Finance, Statistics or an equivalent qualification; and
  • at least five years’ job-related experience with a strong background in Economics or Econometrics.

The following would be an advantage:

  • a Master’s degree in Economics or a related field; and
  • a background in either stress testing or macroeconomic/microeconomic modelling.

Additional requirements include:

  • 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;
  • proven facilitation and presentation skills;
  • excellent interpersonal, verbal and written communication skills; and
  • proficiency in the use of financial/economic modelling packages and Microsoft Office products.

All interested parties are invited to apply.

Internal applicant: Please note that internal applicants MUST apply through the ERP system. Apply now.

External applicant: External applicants MUST apply online, via

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Do not enclose copies of your identity document or qualifications with your application.

Shortlisted applicants will be subjected to a psychometric assessment, an appropriate reference check and a security clearance as part of the selection process.

Late applications will not be considered.

In line with the SARB’s commitment to diversifying its workforce, preference will be given to suitable candidates from designated groups. People with disabilities are welcome to apply.

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

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