(1007) Associate Economic Statistician X3 - ESD

Brief description

The main purpose of this position is to collect input data, conduct statistical processing and analyse integrated economic accounts (IEA) statistics and associated macroeconomic indicators. The aim is to provide accurate, high-quality economic information that supports informed decision-making and policy formulation by the South African Reserve Bank (SARB). This position offers opportunities to participate 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 senior management.
• Populate, process and manage data across all relevant economic indicators and disciplines within the IEA domain, maintaining a comprehensive and accurate database.
• Validate source data and check the accuracy of received and processed data, frequently liaising with data providers.
• Assist in departmental special projects.
• Conduct methodological research to improve the maturity and quality of relevant economic indicators.
• Reconcile input data and economic findings with other macroeconomic statistics using advanced business intelligence tools and applications.
• Monitor and analyse conditions affecting the economy by staying abreast of developments in the assigned domain.
• Apply appropriate methodological standards, guidelines and principles in line with international best practices.
• Stay informed of new research and statistical methodologies, considering their implications for the work area.
• Compile thorough, comprehensive and descriptive reports.
• Collaborate with external stakeholders and represent the SARB in professional settings.
• Prepare 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 or a related field, with some accounting background;
• Two to five years’ experience in economic analysis, research and/or macroeconomics, microeconomics or financial economics;
• a proven track record of conducting and delivering high-quality economic analyses; and
• proficiency in Microsoft Office tools such as Word, Excel and PowerPoint, including the ability to use functions and formulas to organise, analyse and manipulate data.

The following would be an added advantage:

• familiarity with R statistical software and/or Python.

 Additional requirements include:

• an affinity for statistics and economic analysis, with a strong interest in applying statistical principles to real-world economic data;
• knowledge of international statistical manuals and best practices (e.g. International Monetary Fund and Organisation for Economic Co-operation and Development guidelines);
• a task-oriented mindset and excellent time management skills to thrive in a deadline-driven environment;
• the ability to work independently and in team/project settings;
• strong report-writing skills and the ability to clearly and concisely present complex data and analysis;
• competence in computerised systems for statistics compilation;
• initiative and sound problem-solving capabilities;
• excellent communication and interpersonal skills; and
• strong analytical abilities and attention to detail.

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.