Salary £500 - £700 per day
Consultant Chris Dallas
Date posted 28 November 2016
A fantastic opportunity at a Global Investment Bank in London has arisen for an Economist to join the Global Economist team to support the IFRS9 and Stress Testing Group wide program. The team are responsible for providing economic projections that are widely used by the Group functions of the Investment Bank to meet regulatory and business deliverables. The team is responsible for the provision of economic projections, data and scenarios analysis.
Responsibilities of the Economist:
- Conduct economic analysis and data driven research to support the design of the Forward Economic Guidance (FED) framework for the Investment Bank
- Develop and build models and methodologies for FEG team in London. This covers different aspects of economic analysis including scenario probability, variable path validation and forecast assessment
- Construct economic scenarios covering key global macroeconomic risks and all economies relevant to the investment bank
- Liaise with senior stakeholders to explain the development of economic methodology and enrichment of scenarios for IFRS9 and stress testing
- Build a regular process for the quarterly provision of economic projections and guidance analysis
- Prepare documentation explaining the economic analysis process and audit standards
Requirements of the Economist:
- Proven experience as an Economist obtained through working in a central bank, investment bank, academia, or policy research
- Experience with building or intensively using large scale macroeconometric models is preferred
- Should have understanding of key global macroeconomic issues and interlinkages across economies
- Experience with forecasting/scenario development/stress testing using macroeconomic quantitative techniques and structural models, with a focus on the Global economies preferred
- Proven experience understanding and quantifying impact of major global macroeconomic risks
- Strong quantitative skills in economics or econometrics
- Familiarity with structural models, such as NIGEM, or DSGE models desirable
- Strong competence in both Macroeconomic Theory and Time Series Econometrics (VAR, Cointegration)
- Experience in advanced statistical modelling and coding in one or more of the following environments: SAS or Matlab; VBA, Gauss, or Stata also considered
- Familiarity with large datasets.
This role is a great contracting opportunity, with a possibility to be offered a permanent position after the initial contract and to support a global investment bank in it’s regulatory and business deliverables.
If you are interested in the Economist role, please click below to apply and discuss in further details.