Macroeconomics Analyst, London
Our client is seeking an Analyst to join their Macroeconomics support team in Audit. The role will encompass supporting the delivery of high quality macro-economic analysis:
- Assessment and development of economic scenarios for IFRS9 purposes and stress testing regulatory exercises using macroeconomic and econometric models.
- Enhancement and development of in-house econometric models (statistical, structural economic models) with an understanding of accreditation of these tools for audit use
- Production of thought leadership highlighting key trends and risks at sector and business level
- Clear and effective communication about economic concepts and findings to non-economist audiences, verbally and in writing
Description of the role:
- Gathering and updating economic datasets, and preparing data for analysis and estimation
- Supporting the enhancement of in-house economic and statistical models
- Reperforming the model output using model codes developed independently from an entity’s documentation and an appropriate software package (R, Python)
- Supporting the development new tools for forecasting macroeconomic variables
- Writing documentation for quantitative and economic testing in a clear and succinct manner
Preferred skills, qualifications and experience:
- An undergraduate degree in Economics
- A master’s degree in economics
- A minimum of 2 years of engagement within a macroeconomics team/unit at a professional services company, Central Bank, or Think Tank (1 year minimum experience)
- Strong understanding of primary sources of global and UK macroeconomic data sources and data providers
- Ample experience in data wrangling and cleaning datasets for time series estimation purposes (e.g., data transformation, pre-estimation tests)
- Experience using R and Python for the estimation of time series and structural models such as Dynamic Factor models and Structural VARs
- Excellent communication skills, both orally and in writing
- Ability to clearly explain complex economic concepts in clear, simple terms, and apply economic concepts and techniques to real world situations.
- Practical experience developing climate models that effectively incorporate physical and transitions is desirable.