Job Description
The purpose of the Macroeconomist is to conduct economic research, investigate dynamic macroeconomic relationships, and understand the functioning of various economies. This fosters a deeper understanding of a country's economic structure and its influence on business cycles, unemployment, inflation, interest rates, and international finance, as well as how these dynamics shape monetary and fiscal policy decisions.
Secondly, the purpose of the Macroeconomist is to use the macroeconomic research findings to aid RMB and its clients in making informed economic assessments and developing effective business strategies. RMB clients include the broader FirstRand Group, multinational corporations, institutional investors, as well as sovereigns.
Responsibilities
- Build and maintain a suit of macroeconomic models that are used to forecast the Sub-Saharan Africa and other relevant economies.
- Produce short-term and long-term forecasts of various economic variables of interest to RMB and its clients.
- Investigate global macro and financial trends, both short-term (e.g. inflation, supply chain disruptions) and long-term (e.g., the energy transition, automation of jobs, rise of digital in the economy), as well as other market forces which impact the economy and various industries.
- Developing iconic firm-wide thought leadership pieces on macroeconomic trends for external publishing
- Analyse and research key sectoral economic trends related to a wide variety of scopes which includes energy, infrastructure, decarbonisation, climate change, and population dynamics on long-term economic growth, and how these will change the structure of the economy.
- Provide insights in well-written reports and presentations to clients, as well as defend the findings.
- Provide advice on economic and development issues for private and public sector clients.
- Conduct secondary research and seek new data sources to prepare complete and accurate analysis, reports and recommendations.
- Develop and build meaningful relationships with clients, policy makers and think tanks.
Qualifications
- Masters in degree in Economics, Econometrics or Mathematics or Statistics or other related qualifications deemed to be on the same level.
Experience and Skills
- Minimum five years of proven experience in econometric model building, and modelling and forecasting.
- Minimum of five years of proven experience economic report writing and presentations
- Proven experience working with macroeconomic data and analyzing economic trends, as well as a strong grasp of the relationships between different sectors, markets and regions.
- Experience in supporting business development and sales activities.
- Experience with financial analysis and reporting, market analysis, and gathering competitive intelligence, particularly in relation to Strategy Consulting
- Experienced with data and analytics visualization software, as well as econometrics software (e.g., Matlab, Eviews, PowerBI, R, Python, Stata)
- Strong quantitative skills; an analytical thinker with experience in driving insights using statistics or data analysis
- Proficiency in a second language such as Portuguese or French will be considered an advantage.
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Job Details
Take note that applications will not be accepted on the below date and onwards, kindly submit applications ahead of the closing date indicated below.
31/12/25
All appointments will be made in line with FirstRand Group’s Employment Equity plan. The Bank supports the recruitment and advancement of individuals with disabilities. In order for us to fulfill this purpose, candidates can disclose their disability information on a voluntary basis. The Bank will keep this information confidential unless we are required by law to disclose this information to other parties.