Equity Bank Macroeconomic Modelling Analyst Job in Kenya

Equity Bank

Macroeconomic Modelling Analyst

Ref: 2000006P

Description: In line with enhancing career progression of staff and to support business growth, we seek to recruit a well-qualified, experienced, self-driven, highly motivated and passionate candidate to fill the role outlined below within the Special Projects Department.

The ideal candidate will be involved with macroeconomic research analysis and econometric models development for executive and relevant business unit decision making.

Key duties and responsibilities will include;

  • Conduct detailed financial modeling, business opportunity assessments and other financial analyses to support strategic decision making
  • Strategic Competitive Intelligence (CI) , peer performance , external Environment PESTEL scanning, Game Theory Analysis – Undertand top competitors; strengths, weaknesses, opportunities, approach to compete and win
  • Strategic research on product, process and business model innovations
  • Interpreting 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
  • Present analytics proposals, solutions & key insights/recommendations at strategic level
  • County/Sovereign/ political risk analysis for Group and subsidiaries
  • 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
  • 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.
  • Developing monthly Assets and Liability Committee (ALCO) Macroeconomic briefs
  • Industry, Investor & customer confidence level surveys
  • Entry of new markets and industries feasibility research e.g. Platform economy ecosystems business models
  • 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
  • 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


Key Critical Competencies

  • Research, analysis and the development of policy options on complex macro environment issues
  • Strategic thinking (Analysis and idea), serial innovation , creativity , analyzing complex problems, evaluating impacts and implementation challenges, and providing recommendations/ creative alternate solutions
  • 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
  • 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
  • Ability to manage and deliver on multiple priorities with demanding timelines
  • Assertiveness, resilience & adaptability when working in ambiguous, challenging situations

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


  • First Class Honours – Strong quantitative degree e.g. Pure Economics, Economics & Statistics, Economics & Maths, Economics & IT, Economics and Finance,
  • On track CPA(K) candidate – Either CPA(K) Part 1 or 2 or 3
  • 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

How to Apply

CLICK HERE to apply online

Closing Date: Jul 20, 2020

Economics and Statistics
Updated: July 17, 2020 — 7:04 pm