(753) Associate Economic Statistician - ESD

 

Brief description

 

The main purpose of this role is to collect input data, conduct statistical processing and analyse integrated economic accounts (IEA) statistics and associated macroeconomic indicators to provide accurate, high-quality economic information that supports informed decision making and policy formulation by the South African Reserve Bank’s (SARB). This position offers opportunities to engage in special projects and gain exposure to cutting-edge research and statistical methodologies.

 

Detailed description

 

The successful candidate will be responsible for the following key performance areas:

 

• Collect, compile and analyse IEA statistics and associated macroeconomic indicators and share findings with more senior specialists.
• Populate, process and manage data across all relevant economic indicators and disciplines within the IEA area and maintain a comprehensive and accurate database.
• Check the accuracy of data received and processed, validate source data and frequently liaise with data providers.
• Assist in special projects across the department.
• Conduct methodological research to advance the maturity and quality of the relevant economic indicators.
• Analyse and reconcile input data, statistical and economic findings with other macroeconomic statistics using advanced business intelligence tools/applications.
• Monitor and analyse the conditions affecting the economy by keeping abreast of knowledge and developments in the assigned domain.
• Apply appropriate methodological standards, guidelines and principles in executing work in line with international best practices. 
• Stay abreast of new thinking in research and statistical methodologies, considering the implications of these changes to own work area.
• Compile thorough, comprehensive and descriptive reports.
• Collaborate with external stakeholders and represent the SARB in professional settings.
• Create and deliver impactful briefings and presentations on research findings and economic analysis to internal and external stakeholders.

Job requirements

 

To be considered for this position, candidates must be in possession of:

 

• an Honours degree in Economics, Statistics, Data Science and/or a related field, with some accounting background;
• two to five years of experience in the field of economic analysis, research and/or macroeconomics, microeconomics or financial economics;
• a proven track record in conducting and delivering high-quality economic analyses; and 
• proficiency in the use of Microsoft Office products such as MS Word, Excel and PowerPoint, including the ability to use tools (functions and formulas) to organise, analyse and adjust data.

The following would be an added advantage:

• the ability to program in ‘R’ and/or Python and related open-source software. 

Additional requirements include:

 

• an affinity for statistics and economic analysis, with a strong interest in applying statistical principles to real-world economic data;
• insight and knowledge regarding international statistical manuals and best practices (e.g. International Monetary Fund and Organisation for Economic Co-operation and Development guidelines)
• a task-oriented approach, with excellent time management skills to thrive in a deadline-driven environment where work often requires managing pressure while maintaining quality;
• the ability to work independently as well as within a team/project environment;
• strong report writing skills and the ability to present complex statistical data and analyses clearly and concisely;
• an affinity for statistics compilation applying computerised systems;
• taking initiative and problem-solving skills;
• excellent communication and interpersonal skills; and
• analytical skills and a keen attention to detail.

 

Additional details

 

Career path: Specialist (SP) 

Level: SP2

 

About SARB

 

Primary mandate of the SARB

 

Section 224 of the Constitution of South Africa states the mandate of the SARB as follows:

The primary object of the South African Reserve Bank is to protect the value of the currency in the interest of balanced and sustainable economic growth in the Republic.

The South African Reserve Bank, in support of its primary objective, must perform its functions independently and without fear, favour or prejudice.

 

WHAT WE DO

 

Monetary Policy

 

The Constitution gives the SARB the mandate to protect the value of the rand. We use interest rates to keep inflation low and steady.

 

Financial Stability

 

The SARB has a mandate to protect and enhance financial stability. We identify and mitigate systemic risks that might disrupt the financial system.

 

Prudential Regulation

 

The Prudential Authority regulates financial institutions and market infrastructures to promote and enhance their safety and soundness, and support financial stability.

 

Financial Markets

 

Open market operations are the main tool we use to implement monetary policy. We manage South Africa’s gold and foreign exchange reserves.

 

Financial Surveillance

 

The SARB is responsible for regulating cross-border transactions, preventing the abuse of the financial system and supporting the regulation of financial institutions.

 

Payments and Settlements

 

The SARB is responsible for ensuring the safety and soundness of the national payment system, which is the backbone of South Africa’s modern financial system.

 

Statistics

 

The SARB provides important economic and financial statistics that present an overview of the economic situation in South Africa.

 

Research

 

Research conducted by the SARB focuses on economics, financial stability, banking and emerging trends in finance. Our research supports policy decision-making.

Banknotes and Coin

 

The SARB has the sole right to make, issue and destroy banknotes and coin in South Africa.