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  • Macroeconomic Modelling Analyst at Equity Bank Limited

  • Posted on: 12 February, 2019 Deadline: Not Specified
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  • Equity Bank is one of the region’s leading Banks whose purpose is to transform the lives and livelihoods of the people of Africa socially and economically by availing them modern, inclusive financial services that maximize their opportunities. With a strong footprint in Kenya, Uganda, Tanzania, Rwanda, South Sudan and Congo, Equity Bank is now home to more than 12 million customers – the largest customer base in Africa.

    Macroeconomic Modelling Analyst

     

    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.

    Method of Application

    Interested and qualified? Go to Equity Bank Kenya career website on www.linkedin.com to apply

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